Posts Tagged ‘consultancy service’

Cost multiplying for industrial market due to floods

November 20, 2011

The ongoing floods that have affected more than 59 provinces in Thailand have devastated huge swathes of agricultural land but the extremity of the floods have put more damaged industrial activity, including industrial estates and further potential flooding threatens more central locations causing greater disruptions to the supply chain, according to Colliers International Thailand.
While the floods have ravaged many parts of Thailand since August, relatively little damage to manufacturing was inflicted due to most factories being located away from initial flooding areas. However this changed on October 5th when water levels reached their highest point in living memory and Ayutthaya, home to significant manufacturing, was seriously affected. According to Narumon Rodsiravoraphat, Senior Manager for Industrial Services at Colliers, far greater damage was caused to industry in the last few days compared to the previous few months. “Over a hundred times greater financial loss to industry was incurred since 5th October due to severe damage to two industrial estates and two others have been evacuated in anticipation of flood waters reaching them”, said Narumon.

Many warehouses and distribution centres have been seriously affected especially in Ayutthaya area and along the main highway of Phahonyothin road which has become effectively the channel for water in the north to flow down to the central provinces. Over the course of the week further flooding is expected due to looming storms and industrial facilities in Pathumthani and Bangkok itself are now in danger.

According to Narumon, more than 500 factories have been forced to close during this situation and more than 100,000 workers have been affected from this crisis. “The damage from the flooding may be take up to two to three months to be accessed and rectified after the water level decreases as companies must take time for renovation of facilities as well as repair and re-operation of machinery”, she added.
The industrial market has picked up rapidly from 2010 and there has already been a shortage of warehouse space in some locations, especially good quality large space in Ayutthaya and some Bangna areas. Lamchabang, where there is strong demand for free zones, also seems short of supply. “Developers should understand more of the market demands and requirements in terms of specification, locations, layout, and general/free trade zones, etc. And we do hope that all new warehouse developments will all be raised floor”, said Narumon.
Although the initial reaction after the flood will be for the relocation of manufacturing, in reality manufacturers will remain rather sanguine according to Patima Jeerapaet, Managing Director of Colliers. “Many have invested significant amounts of money over time and they are just not going to walk away”, he said. “It also takes time to create a supplier network as well” he added. Patima also noted that serious damage was not limited to Thailand and the horrors of the flood are also evident in Cambodia, Philippines and Laos. “Manufacturers will be wary of relocating to countries with less reliable infrastructure to cope with floods and they may decide that Thailand is a better location than say Vietnam or Cambodia due to this fact. However new investment for manufacturing locations may be shifted towards non flooding areas in Thailand. All factories, distribution centers, and logistics companies also must create and work out their contingency plan well enough in advance”, said Patima.

One possible ramification could be the development of back up storage centres in locations upon higher ground that can protect goods from damage. “After the riots in 2010 many office occupiers considered back up locations and the same may now apply for industrial activity”, said Patima. However, unfortunately the flooding story has not run its course and a better assessment can be made in a week or so time. “We only hope that further damage is kept to a minimum”‘ added Patima.

Residential market likely to remain uncertain for sometime after the floods

November 20, 2011

With the ever growing inundation of Bangkok and exhausting uncertainties regarding the potential flooding situation in the centre of the city; even in the best case scenario the pattern for the residential market will be difficult to assess even after the floods have receded, according to real estate company Colliers International Thailand. For the rest of the quarter residential launches are very likely to remain subdued due to current sentiment and logistics. However unlike the post May 17 2010 situation, when buyers jumped straight into the market, many will probably be cautious about making such a big decision as a property purchase until the ongoing events have ended and an analysis of the flood is undertaken, according to Patima Jeerapaet, Managing Director of Colliers. “The full story will need to be known before buyers come rushing in again and developers will also need to reevaluate projects”, he said.

 

The decision as to whether to purchase landed property versus a high-rise condominium will likely be in favour of the latter due to the floods but even then people will evaluate which areas are less prone to floods. “Even if your high-rise home is protected you still don’t want the area inundated with flood water for weeks”, pointed out Mr Jeerapaet.  However long the delays in buyers coming back in the market the pent up demand is likely to increase and eventually a significant number of launches will take place. According to Tony Picon, Associate Director at Colliers, condominiums will be even more popular than they were before the floods. “We are noticing that more older people and children are staying in condominiums at the moment and the reason is that the owners are using units as temporary accommodation for their extended families”, he said. In the aftermath of the floods many who were forced to evacuate to centres may rethink their options. “You could find families encouraging one of their number to purchase a condominium unit and even help in financing, as it would then function as a back-up residence”, pointed out Mr Picon.

 

At the high-income end of the market the same reasoning could add to the trend for purchasing second homes in resorts such as Hua Hin or Pattaya. “Many have fled to these resorts especially people who don’t need to work in Bangkok such as children and the elderly”, stated Monchai Orawongpaisan, Senior Manager for Residential Project Sales and Marketing.  Again family pressure could result in more property being purchased not only as a weekend retreat but also as a back- up residence. “We could see significant activity in the market during the first half of next year based on this trend in Hua Hin, Pattaya and other nearby resorts”, he added.

 

While high rises will prove more popular, landed property will still remain a strong presence in the city. There are dire warnings of global warning leading to more regular flooding problems, including flash floods as a result of heavy downpours and a future trend could be simply opting for houses on stilts which reflected a common mode of living in the past. “Many countries have been affected by floods and stilt based housing is proving more popular with innovative designs coming to the fore which exclude the use of hardwood pilling”, said Mr Picon. The existence of such properties would also support the city in allowing water to run off quickly. “It is basically a way of accepting Mother Nature and living with it rather than trying to confront the situation “, he added.

 

Mr Picon pointed out that the problem for buyers finding locations that will be relatively safe from future floods is that effects can vary based on a number of factors. “Firstly, flooding is a combination of run-off from the north, heavy rains and high tides in November; and the impact of each differs for every flood leading to different geographical patterns of inundation “, said Mr Picon. The other variable is that the elaborate flood protection system for Bangkok is managed by politicians and administrators, and their priorities can change. “If the whole of Bangkok is inundated this time then buyers will face a big dilemma as to finding suitable locations in the future”, warned Mr Picon.

Colliers expands Residential Project Sales Team

June 22, 2011

In this photo : (left) Ms.Saengsunee Sangsuwan, (2nd from left) Ms.Pitsinee Yiamrakchart, (3rd from left) Mr.Sutas Thanasiripreeda, (4th from left) Mr.Monchai Orawongpaisan, (5th from left) Dr.Patima Jeerapaet, (5th from right) Mr.Natprera Meekrordee, (4th from right) Ms.Phanida Huntprasert, (3rd from right) Ms.Supalee Sangta, (2nd from right) Ms.Piyasiri Supakul, (right) Ms.Karunya Aroonrut

Colliers International Thailand, the leading property consultants, has expanded its Residential Project Sales & Marketing department, emphasizing excellence of service and one-stop consultancy.

Following on from the successful global rebranding at the end of 2010 and the award of Best Agent – Eastern Seaboard and Best Agent – Bangkok Highly Commended at the Thailand Property Awards in 2010, Colliers are taking a big step by significantly expanding its professional residential project sales department focusing on residential projects in Bangkok and in the resorts. In 2008, Colliers International Thailand opened a branch in Pattaya which is already a great success with a plan to open more branches in Hua Hin, Phuket and Samui.

“2011 is an important milestone for us a company. Colliers International is equipped with more manpower and we are expanding our residential operation by introducing a professional sales team who are experienced and highly skilled in project sales management.” said Patima Jeerapaet, Managing Director of Colliers.

Colliers International Thailand has appointed Monchai Orawongpaisan as the Senior Manager of the Residential Project Sales Department. He has extensive experience in project sales and the company has strengthened itself with experts to provide sales and marketing services for existing residential projects as well as future developments. Colliers has been appointed as agent for five projects in Bangkok and Hua Hin this year.

“It is another success for Colliers in being appointed to manage the sale of five projects for the first half of 2011. Our sales management concept does not involve only “sales” but offers a full range of services to empower the sale by providing consultancy on the project, competition, price range, target markets and recommended marketing activity,” said Mr Patima. “We expect to expand our customer base through our valuable services and that we will be handling more project sales in Bangkok and popular tourist destinations in the coming years,” Mr. Patima added.

Mr. Patima said. “The past few years have been difficult in terms of foreign demand for properties in Thailand. However, we are receiving more responses from our International Residential Sales Department of Colliers in Hong Kong and Singapore on behalf of their clients and we feel the market reached a bottom in 2009 and is now rebounding”.

In this photo : (left) Ms.Saengsunee Sangsuwan, (2nd from left) Ms.Pitsinee Yiamrakchart, (3rd from left) Mr.Sutas Thanasiripreeda, (4th from left) Mr.Monchai Orawongpaisan, (5th from left) Dr.Patima Jeerapaet, (5th from right) Mr.Natprera Meekrordee, (4th from right) Ms.Phanida Huntprasert, (3rd from right) Ms.Supalee Sangta, (2nd from right) Ms.Piyasiri Supakul, (right) Ms.Karunya Aroonrut

Bangkok remains the biggest supply of office space in ASEAN

March 21, 2011

Bangkok contains most office space compared to other ASEAN commercial cities including Singapore according to research by Colliers International throughout Asia Pacific. Tokyo contains by far the greatest amount of space in Asia as a whole with around ten times the amount as Bangkok. Patima Jeerapaet, Managing Director of Colliers in Thailand asserted that Bangkok’s strong position is a springboard for Bangkok to benefit from the ASEAN Economic Community (AEC) in 2015. “The service sector will be a key factor in the changes that will occur in 2015 and the fact that there is a significant amount of office space already and potential for more is a huge advantage for the city” he said.

Research by Colliers shows that Bangkok has around 7,900,000 square metres compared to Singapore’s just over seven million. The other cities of Manila, Jakarta and Kuala Lumpur are further behind but not by much, according to Antony Picon, Associate Director for Research at Colliers. Most of the supply in Bangkok occurred in the 1990’s. “Other cities are catching up but opening up the service sector in Thailand should lead to the next wave of office development” he pointed out. Mr Picon also explained that commercial activity in Thailand was centralized in Bangkok while in other countries it was more dispersed. “In Philippines there is a large office market in Cebu, Indonesia has Surabaya, Malaysia has Penang and Vietnam has an additional office market in Hanoi and Danang; in Thailand it is limited to Bangkok”.

One of the key components of the AEC is the allowance for 70% ASEAN foreign equity participation in all domestic service industries by 2015. “It takes time for companies to really pay attention to the changes and make plans for benefiting from this, stated Mr Picon. “Thailand has many service sectors that can compete in the region such as architecture and IT but companies must hone the skills of their employees to become true regional champions”, he said. “Language skills will be a key factor in all types of business in the future and this is one area that Thailand must move forward on”, he stressed. The danger for Thailand, according to Mr Picon, is the wish to have greater protection from non-ASEAN companies using the AEC to further penetrate the market.”The more protectionist clothing you wrap yourself in, the weaker you become” he warned. “Manchester United wouldn’t be where they are today if they didn’t play the likes of Chelsea and Liverpool”, he contended.

Mr Patima recognizes the great potential for Bangkok to be a key service sector provider in the coming decades. “There is still plentiful land available for office development especially close to the mass transit lines and rentals will remain very competitive within ASEAN”, he said. Mr Patima believes that concerted action by both private and public sectors should take place as soon as possible to ensure that 2015 will be a positive for the country. “If this happens then we will see a renaissance of the office market in the second half of the decade and Bangkok will continue to lead the way”, he added.

Colliers International Selected By International Association of Outsourcing Professionals (IAOP) as Top Outsourcing Provider

March 18, 2011

— Leading Real Estate Services Firm Makes Elite List for Sixth Consecutive Year —

Reinforcing its position as a best-in-class commercial real estate organisation, Colliers International has been selected as one of the world’s top 100 outsourcing providers for the sixth consecutive year as part of the 2011 Global Outsourcing 100®. The list recognises the best outsourcing firms across multiple industries, as selected by an independent judging panel organised by the International Association of Outsourcing Professionals (IAOP).

The Global Outsourcing 100 is a critical resource for all companies seeking to do business with best-in-class service providers and vendors. In this way, The Global Outsourcing 100 is more than just a ranking – – it is a critically important referral tool for any company seeking to find top-quality business partners.

“It comes as no surprise to us that Colliers International has once again been recognised as a leading firm by the 2011 Global Outsourcing 100,” said Douglas P. Frye, Global President and CEO of Colliers International.  “Our enterprising service philosophy and approach truly differentiates our professionals from other service providers. In addition, our shared culture and commitment to excellence has enabled Colliers International to accelerate the success of clients throughout the world.”

“To make this prestigious list for the sixth consecutive year is a great achievement for us and a true reflection of our company’s essence. At Colliers, our people are our asset,” said Piers Brunner, CEO of Colliers International Asia. “In Asia, we have carved a name for ourselves in service excellence and we will continue to advance further this year to become the undisputed top real estate organisation in the region. We look forward to collectively accelerating our success.”

RICS Thailand announces the new appointment of new Chairman and office bearers (2011-2012)

January 22, 2011

RICS (Royal Institution of Chartered Surveyors) announced today the new Chairman and office bearers for its Thailand board were elected on 13 January, 2011 (Thursday) for a one year term of office with immediate effect.  

Patima Jeerapaet, PhD, MRICS, MVAT, MTVA, is Managing Director of CIT (Colliers International Thailand) Property Consultants Co Ltd, a global real estate services firm equipped with more than 23 years of knowledge of Thailand’s property market.  In addition, he also chairs the Property Committee of Joint Foreign Chamber of Commerce in Thailand (JFCCT) in monitoring and enhancing Thailand’s property industry’s competitiveness.  He also serves as board member of Thai-Singapore Chamber of Commerce and Thai-Swedish Chamber of Commerce to promote Thai properties to Singapore and Swedish investors. 

The newly elected office bearers and members of Thailand Board are as follows: 

Major Office bearers:
Chairman:       Patima Jeerapaet
Honorary Treasurer: Navaporn Wongurai
Honorary Secretary:   Nicholas Brown
Elected Members: Apibarn Ariyakulkarn
Roy Beevor
Sonthaya Vanichvatana
Janet Geddes

Ian Hamilton

Simon Landy

C P Leong

Sutee Sumatanonsak

 Dr Patima Jeerapaet, the first Thai elected as Chairman of RICS Thailand, says “I am honoured to take up the post and hope to build on the achievements of Ian Hamilton and the executive team.  Having built a presence in Thailand for more than ten years, RICS Thailand has over 100 Chartered Surveyors practicing in the country.  I foresee the market of Thailand will continue to grow and become one of the key markets in South East Asia. I am looking forward to further strengthen membership services locally and create a strong RICS brand by working closely with fellow board members and staff of RICS.” 

About RICS & RICS Asia  

RICS (Royal Institution of Chartered Surveyors) is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. 

RICS is the worlds’ leading qualification when it comes to professional standards in land, property and construction. With over 150,000 members globally, RICS represents, regulates and promotes the work of property professionals throughout 146 countries. 

RICS Asia supports a network of over 11,000 individual professionals across the Asia region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members. 

RICS Asia region covers national associations and local groups locating in Brunei, Malaysia, Singapore, Thailand, The People’s Republic of China and the SAR Hong Kong. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Japan, Kiribati, Laos PDR, Macao, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam.

Serviced apartments weather hard times but future supply poses more problems

November 22, 2010

The serviced apartment market bounced back after a torrid Q2 with occupancy up as expats flocked back to the city, according to Colliers International Thailand research report for Bangkok serviced apartments in Q3 2010. While occupancy increased to around 60% in Q3 this still remains below the 70% recorded in the 3rd quarter of 2009. However Antony Picon, Senior Manager for Research at Colliers was upbeat regarding the numbers. “Considering what the sector has gone through the figures are robust. The Japanese are the key market for the longer stay segment of the market and most who left during the troubles appear to have returned”, he said.

But even if the market continues to pick up, the short term future could be bleak according to Patima Jeerapaet, Managing Director at Colliers. He pointed out that in three years from 2009 to the end of 2011 supply could have increased by 40% which would be difficult for even a strong market to absorb. “The long term stay market, while keeping this sector stable compared to hotels, also means that you are highly unlikely to have an upsurge in expats coming to work here in a small space of time”, Mr.Patima said.

The new growth area for apartments is along Thong Lor road in late Sukhumvit.  Considering the distance from the CBD, rental rates in late Sukhumvit are the second highest in Bangkok, even greater than the upmarket Central Lumpini. Jean Marc Garret, Director of Advisory Services | Hospitality explained that a higher proportion of Grade A newer branded residences located in Thong Lor drive up overall rental rates. “Also the area has more of a community feel and is very popular with Japanese expats” Mr. Garret remarked. “The area also benefitted somewhat from the troubles in May as many expats felt it was far away from the riots witnessed on international TV stations”.

Serviced apartments are sandwiched between two types of business, according to Mr Picon; competing for short term business with hotels and long term stays with apartments for lease or condominiums. “They can do this successfully but many will have to distinguish themselves more in the future”, he added.  “ With their larger unit configurations some could develop a niche in the medical tourist market, especially for families coming from the Middle East or even create flexible home offices and meeting rooms for visitors who wish to conduct business”, he added.

Colliers International Thailand appoints new director of hospitality department “Jean Marc Garret”

June 2, 2010

Director of Hospitality Department

Colliers International Thailand has recently announced the appointment of Mr. Jean Marc Garret, a French national, as Director of Hospitality Department, to direct the growing business of Hotels and Leisure.

In his new role, Jean Marc in addition of the fundamental hotel brokerage activity of the group in Thailand will be responsible for our Consultancy Services Division, providing.

Hotel Financial Assistance, Corporate Solutions, Project Development Support, Asset Management as well as assisting in the development of investment programs and all related opportunities.

A 30 year group hotel veteran, he brings with him a wealth of experience in the tourism and travel industry. A graduate of the University of Law and Economics of Nice in France, Mr. Garret first arrived in Thailand more than 22 years ago to participate in the opening of Le Meridien in Phuket. He has since become a resident of Thailand where he also served as Honorary Consul of the Principality of Monaco and President of the Franco Thai Chamber of Commerce.

Mr. Garret is particularly well known within the hospitality industry circles for his keen business acumen and foresight in the field of development as well as management of hotel properties. He has diverse records of success in the areas of consulting and operations with global hotel chains such as Accor, Le Meridien and Choice Hotels International in Thailand.

Prior to joining Colliers International Thailand, he was with the Centara Hotels & Resorts group, for the last 12 years with his last position being Senior Vice President Development.

Jean Marc Garret is also Chairman of the Tourism Committee of the Joint Foreign Chamber of Commerce.

Colliers International Thailand believes that with his track records of expertise in the local market, Jean Marc will be an added asset in our Team to accelerating success and contribute to help our clients to make the right choices for their Hospitality business.