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Daily Archives: 04/21/2018

Increase In Demand Expected Along Taopoon-Bang Sue District

An increasing number of families opt to send their children to Bangkok international school because Thailand is rapidly becoming a hub for international education. The choice of school is an important decision for parents because the school will develop their children’s motivation and interests towards a certain field of study. Educators have a better understanding of children’s skills and abilities.

Many infrastructure projects are now gaining traction in Bangkok but the most impactful will be Bang Sue Grand Central Station that will most likely be the largest railway station is Southeast Asia. The project that will replace the current transport hub at Hua Lamphong will redevelop the existing Bang Sue Junction Railway Station while integrating the MRT at Bang Sue.

The project which is under construction is expected to be completed in 2020. This will trigger an inrush of transit-oriented developments in the adjacent areas particularly in Bangkok’s formerly sleepy Taopoon district.

After the completion of Bang Sue Grand Central Station, and the railway systems, there will be an increase in demand for real estate as consumers migrate to the Taopoon-Bang Sue area. The land that is surrounding the station has been divided into zones to attract new businesses and opportunities for future growth.

It is expected that Taopoon district will experience more traffic from residential and commercial usage. Land prices have been steadily growing in the district because of the potential for growth that can be achieved upon the completion of the central station.

At the Taopoon-Bang Sue area, about 30,200 condominium units have been added from 2009 to the fourth quarter of 2017. The homes have recorded an accumulated take-up rate of 90%. The Bang Sue Grand Central Station is also being developed into a Smart City that will be equipped with digital and energy-related infrastructures that will improve the life of Bangkok residents.

As more and more projects are undertaken by the government, you can also expect an increase in the number of international schools. It is very likely for children of expatriates to be enrolled in Bangkok international school because the medium of instruction is in English with a curriculum that is almost similar to their mother countries.

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Berlin’s Powerful Tool In The Real Estate Market

Payroll processing for a real estate firm is simplified through payroll management system that understands all the regulations enforced at state, local and industry level. Staff usually earn by commission or a percentage of the rental income of a property they manage. There are also cases when staff earns a fixed income plus commission. Payroll processing can be rather complex and time consuming.

Speaking of real estate, Berlin is now the hottest real estate market in Europe something that even city leaders never expected. Rent has increased by 75% in the last five years. However, Berlin is different from San Francisco and London, the diverse cities that are now enjoying an economic boom. Berlin has a very powerful tool in the real estate market which is called Vorkaufsrecht or the right of first purchase or right of first refusal.

Communities in Berlin have the right to buy up residential properties that are about to be sold in order to preserve a protected neighbourhood. This is an option that is available for Germany although only a few cities use it. Florian Schmidt, a local official in Berlin has become a thorn to real estate developers because he is buying the city back even if it is one apartment building at a time.

Mr. Schmidt who is a member of the Green Party is the person responsible for urban development, public spaces and facility management. He is not a politician although he has a background in activism and urban planning. His much celebrated cause is the preservation of social mix in his district by preventing luxurious renovations and condo conversions.

The federal building law of Germany has special rules for neighbourhoods that are deemed worthy of social preservation. Districts can approve sales of buildings in these zones and can set several terms like limitations of improvements and ban in the eviction of tenants.

Payroll processing can cease to be a headache with payroll management system that can efficiently manage the process. Companies that is very protective of wage information stand to gain more with a professional system that ensures the confidentiality of all employee pay details.

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