How to Double Your Apartment Rental Every Month!

How to Double Your Apartment Rental Every Month

The quick answer:

1. Hire an interior Designer
2. Get a professional photographer
3. Rent your apartment for short term rental using sabaai.com or moveandstay.com

If you own an apartment in Bangkok that is strategically located (read - close to BTS/MRT, near shopping area, along the river...), then it is very likely that you could get much more every month that what you currently get.

Rent your apartment for short term, and you will soon realize that you can at least double your monthly income. There is a high demand from leisure and business travelers coming to Bangkok for a few weeks or a few months, and neither the hotels nor the residential apartments are good options. This is one of the main reasons why serviced apartments became increasingly popular over the last few years in Bangkok. And there is still room for private owners to offer travelers more private, fully equipped and spacious apartments.

But here is the catch: before you can think of renting your apartment for just a few weeks or months, you need to make your apartment very attractive and fully operational for a leisure or business traveler staying for several weeks.

Upgrade your apartment with a professional interior designer

One of the best investment you can do is to upgrade your apartment using the services of an interior designer. He or she will handle everything from A to Z to make your apartment a great place to stay for a few weeks. In other words, you get an apartment with style and fully equipped, without all the hassles - and you get guaranteed professional results.

Two recommended interior Designers:

INTENTIO CO, LTD
10/4 Convent Rd.Silom Bangrak Bangkok Thailand 10500
Tel.+662 238 2725 Fax.+662 235 1630
website: www.intentiodesign.com

OROK'S CO, LTD
13/2 Moo 5 Soi Thachalab, Thachalab road, Srisathong, Nakhonchaisri, Nakhonprathom 73120
Tel : 02 658 0487 - Fax : 034 227 704
website: www.gillescaffier.com

Thailand Condominium Expo to be organized in October

The Thai Condominium Association has started a project in association with property agency Century 21 Real Affiliates (Thailand) to juncture the first Thailand Condominium Expo in Singapore from October 23 to October 25. The three-day program, to be organized at the Suntec Singapore International Convention and Exhibition Centre, is likely to attain sales of minimum Bt1 billion.

The association looks forward to in any case 50 property companies to take part, presenting nearly 60 projects jointly of value above Bt60 billion.

The organization had decided to carry out the expo in Singapore in 2009 for the reason that condo-purchasing power in the local market had plunged drastically. In the initial six months of the year 2009, Thai condominium projects launched in 2009 recorded presales of just about 75% of the project value. That is nearly 10% below as it was in the same period of 2008.

In the meantime, the number of recently registered condominiums, for launches made in 2007 and 2008, still recorded increase of almost 5% in the first half of the year 2009.

The presales of the initial six months of 2009 at property developer Supalai had come up to approximately Bt4.2 billion, which is almost 6% below the expected target. On the other hand, Supalai considers its presales will definitely reach the full-year target of Bt10 billion subsequent to the launch of six housing projects in the last six months of 2009.

For the reason of the lower local demand, the organization had decided to facilitate its members in spreading out their sales overseas, beginning with Singapore. It has left behind Bt10 million to organize the October program, with Bt5 million allocated for marketing and sponsorship and the leftovers for operations.

Century 21 Real Affiliates (Thailand) CEO stated that the real estate sector in Singapore was revealing indications of recovery, based on a company survey recently.

TCC Still Waiting For the Right Time to Come

At the same time as a lot of Thailand's bigger property developers look as if confident of economic upturn and are launching fresh projects at full steam in advance, Thai-Singaporean joint project TCC Capital Land continues to be careful, saying the market is still inactive for developers and is simply in favor of purchasers.

The company, in cooperation possessed by Charoen Sirivadhanabhakdi and the Singaporean-based CapitaLand Group, is still researching the market vigilantly and in the hunt for the "right time" to launch fresh projects.

As per the CEO of the company, although lots of economics experts were quite optimistic there were only a few signs of a better economic situation and that this was expected to turn up in the last four to five months of 2009, so, there persists a few erratic aspects that could outcome in a slow recuperation around the world. These take in political matters in several countries, interest rates, limitations on new loans forced by banks and financial institutions, price increases and joblessness.

Thailand is facing all of these economic intimidations in the middle of an unsteady political atmosphere that is not encouraging for an active market.

"We think the property market for the last six months of the year 2009 will continue to be inactive for developers however would be in favor of purchasers. Therefore, we're cautiously looking out the circumstances, to settle on the right timing to launch fresh projects," he said.

Residential Market of Thailand Still Unstable

The Bangkok situated Thai credit rating agency TRIS Rating declared recently that Thailand’s residential market was still unsteady and would continue to be like this for the rest of 2009.

In spite of a lot of government efforts to encourage the economy, TRIS said there was no instant end in scene for the slump and slow-moving demand for residences would persist for the near future.

The credit rating agency credited the depression to a scarcity of Thai purchaser buoyancy; the spending capacity of probable home purchasers; economic slump; rising unemployment; the stock market fall and political turbulence.

TRIS said these aspects had jointly damaged consumer buoyancy in Bangkok and in other places in the Thailand. The National Economic and Social Development Board (NESDB) have previously predicted that the Thai financial system will minimize by up to 2.5% to 3.5% in 2009.

Thai residential developers would keep on facing a limitation in the market more than ever in the single house and townhouse sectors for the remaining five months of 2009, stated TRIS.

New condominium start-ups had gone down and this might outcome in smaller amount start-ups in 2009 than 2008.

The agency said its credit rating of residential developers for 2009 had also been corrected. It would support its ratings on the capability of executives to get used to the latest business atmosphere; financial restraint; liquidity; management potential; first-class connections with financial institutions and strong support from parent companies.

DSR Making Available Excellent Deals

Thailand is well-known as an attractive, unusual destination that lures many more visitors in comparison to any other Asian country. For the reason of this it is simple to consider that it just depends only on the money that tourism fetches, and this would be its fastest budding economy.

Actually property investment in the fastest budding economy in Thailand is bringing investors in groups to the country. The Thai economy is ready for a recuperation, which means that low prices at this time will stand for big rewards in the future.

There are by now clear signs that the Thai economy is ready for a substantial upturn. The Thai government is at present executing noteworthy measures that will observe long lasting development inside the country, especially in the real estate sector, like tax reductions for first time property purchasers and improved spending. The economic environment is also ready to motivate the purchase of second holiday homes for the previously wealthy in Thailand as the Thai economy develops.

DSR Asset Management Ltd. are well responsive of the prospects that are offered in Thailand and likewise have a lot of spectacular developments that are obtainable in a large number of locations just about the relaxing tourist destination of Koh Samui island.

DSR have a diversity of attractive villas, condominiums and apartments in their collection that have a genuine prospect for generating high returns with financing on hand. There are properties obtainable from the beautiful beaches to the untouched mountains of Koh Samui depending on your desired option of location.

There are truly profitable and special investments in Thailand that are in any case should not be missed.

If you are thinking about purchasing property in Thailand, DSR Asset Management Ltd are top experts in the possession of property that is situated abroad.

Tourism Affecting Property Market in Pattaya

Managing Director of developer Wise Power Land, which is becoming an admired condominium and villa project, says that though the market is a bit slow at this minute, “the demand is still present, and people are just waiting for fresh elections.”

At present, it’s the not the peak season, as a result there’s not as much tourism activities coming through Pattaya. That will rise up in October or November. At this time Pattaya is witnessing a seasonal change, as tourist traffic forces a plenty of condominium sales.

The Pattaya property market is excellent; however the provisional market has slided down. However, the detonation might have ended; the genuine existing property market is doing sound and excellent. Thailand’s political volatility has more or less killed the market. However he continues to be optimistic: “Having said that, Thailand has always been durable, and I can view the return to regularity by now well in progress. I’m very sure that the new government can acquire the foreign attention in Thailand’s property market back on the right track.”

He is also watchfully hopeful. “The real estate sector is still here. Houses and land are still selling, however a few people are entering in, and a few people have to get out. Prices are going down. A number of properties are rated too low. However things are still selling all right,” he stated. “What we require is explanation on the political circumstances. When people are familiar with what they can and can’t perform, many more people will start purchasing. We require the new government to spell out things. Then expectantly people will commend to purchasing. Thais are exaggerated just to the extent that foreigners are. They want assurances, too.”

Thai’s Becoming Optimistic Regarding Their Property Market

Stu Sutton, of local agency Jomtien Property, considers that the Thai property market will carry on. Things are appearing quite better now. “The grime is beginning to clear up subsequent to the revolution. Home sales still slow, however there’s more interest in condominiums. The political indecisively is disturbing though, and he says time will lend a hand in getting rid of a few of the discomforts. “Grey regions make people anxious,” he says. “It’s for all time a roller coaster ride in Thailand as we had SARS, bird flu, the tsunami, these problems with the government, the aggression in the south. However the market is very flexible. There will always be bangs in the market and that’s Thailand.”

Of the recent projects coming to Pattaya, possibly the most famous, in any case in terms of architectural influence - is Ocean 1 Tower, a luxury condominium project which is at approximately 367 meters in height and is going to be the Thailand’s tallest building and one of the biggest and prevalent housing constructions in the world. The developer, Siam Best Enterprises, looks forward to break ground shortly at their Jomtien beach location, with finishing point planned for 2010.

Another major development is Raimon Land’s Northpoint, a big, high-end condominium project in the Wong-Amat location of Pattaya, north of Pattaya Bay. Raimon Land is accredited with getting off the ground interest in Pattaya with an earlier project, Northshore, and their fresh transcribed development will be composed of two buildings of nearly 54 and 64 floors.

Kudu’s The Lakes at Phoenix is another distinguished forthcoming project. Situated on a 14-rai location close to the Phoenix Golf and Country Club just 15 kilometers outside of Pattaya, the development will consist of two low-rise, low-density buildings. Construction is likely to begin in the second last quarter of 2009, with an expected conclusion date of 2009.