Category: Property
You are probably well aware of some of the major benefits of living on ocean property; the value of your investment is guaranteed to increase, for example, and you also have easy access to some of the best recreation available to mankind. And then of course, theres the view…
What many people dont realize about oceanfront property is that it may actually help to increase your health overall, in certain ways. Lets take a look at some theories on why it is about living on oceanfront property that might help to up your standard of healthy living.
Reducing stress
There is no doubt about it, easy access to the ocean and all that goes with it is a proven way to decrease the amount of stress in your life. Just think about the stereotypical relaxation tapes you might have come across or even used; one of the most popular, features the sound of waves crashing against the shore, the occasional call of sea birds in the air. The sounds of the ocean are some of the most relaxing that can be thought of, and with ocean front property they are all around you!
More opportunity for exercise
Oceanfront property means a world of recreational opportunities right outside your front door. You can go for long walks along the beach, climb over the ocean rocks and explore, swim or surf in the water. Long stretches of beach are ideal for jogging; they even help to burn extra calories without the shock on the knees that a treadmill or other hard surface running will bring.
Minimal air pollutants
Finally, the wind blowing off the ocean will always mean that the air above your property, and all around you, will be cleaner than that further inland, even if you live in a pretty clean area. Theres just not enough opportunity for smog or smoke to hang around before it gets blown inland!
If you are fortunate enough to own and live on oceanfront property, you are holding title to what is truly a dream living condition. Great potential for more value, recreational opportunities galore, an incredible view, and even health benefits are all a part of the package with oceanfront living!
KTAM Aims to Become Thailand’s Leading Property Fund,Increasing Assets Under Management to 11.3 Billion
The Bangkok Post reported on Thursday, 22 February that real estate investment in Thailand soared by 81.8 percent to $2 billion (1.3 billion)in 2012, nearly double the $1.1 billion (720 million) in 2011, as property funds markedly increased their investment activity.
According to property consultant DTZ, Thailand’s real estate market was boosted by the listing of major property funds and a high number of acquisitions, particularly in the office and hotel sectors. Some $1.1 billion (720 million), or 55 percent of total real estate investment, came from transactions by real estate funds or public funds for public offerings (PFPOs).
Investment activity received a major boost from the listing of Tesco Lotus Retail Growth Freehold and Leasehold (TLGF) in the beginning of January 2012, which proved to bethe largest property fund listing for the year. The $594-million (389 million) fund purchased 17 Tesco Lotus shopping malls in prime locations across Thailand in a deal which by itself exceeded half of the real estate investments in the country in 2011.
Other notable property fund investments in 2012 included the purchase during the first quarter of three serviced apartment complexesand residences for $106 million (69 million) by the listed Land and Houses Freehold and Leasehold Property Fund (LHPF). Additionally, the Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) bought three Centre Point serviced apartments in the third quarter, for some $107 million (70 million).
KTAM Eyes Real Estate Market
Krung Thai Asset Management (KTAM) has the ambition to lead the market in property funds and,more specifically, to increase its assets under management by 20 percent in 2013 to 516 billion baht (11.3 billion), said chief executive officer Somchai Boonnamsiri, citing the positive overall investment climate.
The Bangkok Post reports that Thai billionaire Charoen Sirivadhanabhakdi plans to raise funds through the funds managed by KTAM, with the subsequent capital increase being dedicated to turning KTAM into the global leader of this type of fund.
KTAM is considering entering new markets including Mexico, Brazil and some European countries. Annualised return for short-term investments in these regions is forecast at 3.5 percent or about one percent higher than returns in the Thai domestic market.
The Thai fund intends to boost the capital of property funds under the direction Sirivadhanabhakdi’s TCC group to as high as 50 billion baht (1.1 billion) this year. The fund also plans to launch ETFs on the Stock Exchange of Thailand in sectors such as food, energy, ICT and the commercial sector.
2013 will be the last year in which Thailand’s Securities and Exchange Commission will allow investments in what has been known as property type 1, with introduction a new type of property fund, the internationally recognised real estate investment trust, set to replace the old structure.
You would certainly not like the idea of waiting for a period of 3 years or even more to buy your own home. In that case, many prefer to go for resale property. Buying resale property has several advantages. Not only you would be able to get a ready made flat to reside but also several other advantages.
The Advantages of Buying Resale Property
You get the opportunity to shift to the house immediately. This would be highly helpful especially when you have to shift to a shelter within a short time.
Many a times, you might be paying huge amount of money as rent and your calculations show that in the long run buying a property would be more economic than continuing to engage huge sums of money as rent. So, to lookout for a home within a short notice, buying resale property is indeed a good idea.
If you are an individual who loves to be located at a prominent position, go for resale property options. You would find as they were built quite early, they are usually located at good locations, at the heart of the city. In contrast, the latest residential developments are usually found in the suburban regions.
Though buying resale property would be advantageous to many respect, but you need to be careful while buying one. Your resale property is old after all and hence, you need to be assured of the fact that the building is still tough and durable.
Important Checklist for Buying Resale Property
Before you enter the flat, engage some professionals to check the plumbing and electrical works. Inspect whether the repair has been properly done or not. Try not to buy a property which is more than 10 years of age.
Your property must definitely be in good shape so that you do not have to spend much on its maintenance.
Check all the legal documents. The title of the property must be the name of the seller. Check whether all the duties and the dues are paid.
Inspect whether the property you are buying has any illegal constructions or not. In that case, you may get in touch of a lawyer or a civil engineer to learn about it.
Avoid buying resale property for investment purpose. If you are purchasing the property to expect huge returns, this won’t be a good business strategy. Purchasing resale flats is worthwhile only if you have plans to shift to the place immediately.
The UK commercial property sector continued to deteriorate at an increasingly rapid rate last month, new research by Savills has shown.
Its Total Commercial Development Activity Index fell in November for the 13th month in a row, with the rate of decline slightly steeper than in October.
As the credit crunch began to bite, weakening occupier demand led to a new series-record decline in development activity.
Almost 58% of respondents to Savills commercial property survey reported a drop in activity, compared with just 7% signalling a rise.
The index showed a resulting net balance of -50.3% in November, down from -49.7% in October.
The fastest reduction of activity was in private new build. Office development was particularly hard hit. For the fifth time in 2008, however, the least marked fall in activity was shown by refurbishment.
November’s survey also found widespread pessimism about the three-month outlook for activity, with the degree of negative sentiment the lowest since the survey began in March 2003.
Commercial developers said they remained concerned over the extent to which lower central bank rates can alleviate the downturn in the sector over the near term as a result of continued lack of credit availability, and a reluctance of clients to commit to new projects.
Commenting on the November survey, Mat Oakley, head of Savills’ commercial research department, said the negative outlook was surprising: “This month’s survey was surprising in the fact that developers’ expectations for the future continued to slide.
“While the lack of debt available is clearly a dragging factor on the market, we expected that November’s 150bp cut in the base rate might give developers some confidence that the downturn in occupier demand would be shorter and less deep than it could have been,” he added.