Privacy Overview

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Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

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This website uses cookies. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services Privacy policy.

Purpose of Personal Data Collection
For the company to collect, process or use your personal data for the purposes as follows:
• Communication and provision of various information relating to products and services of the Company and offer of any projects in which customers may be interested
• Preparation of marketing plan and analysis, process, development and improvement of products and services of the Company
• Transmission of information to any third party or business alliance of the Company in relation to products and/or services of the Company

Privacy Policy
This policy shall be used for personal data protection for clients of Bridge Group (Thailand) Company Limited and its affiliated companies (the “Company”) which you provide personal data through online and offline channel such as site visit, website, mobile application, social media (“Platform”), allowing you to search for, visit, use products and services of the Company and/or its business partners such as:
• Residential projects, i.e. condominiums, detached houses, townhouses, commercial buildings and other projects.
• News and promotions of products and services.
• Any operation regarding products and services.
Before you use this website, please read the terms and conditions and the Privacy Policy for personal data protection. If you do not accept these terms and conditions and Privacy Policy for personal data protection in this website, we would like you to stop using this website immediately, and your continuing use of website will indicate your consent to the terms and conditions and Privacy Policy for personal data protection of the Company as follows:

1. Definitions
“Personal Data” means personal information that enables an individual to be identified, whether directly or indirectly.
“Cookies” means information that is sent from a website to each visitor’s computer while accessing such website.

2. Personal Data collection
2.1 The Company will collect your Personal Data that the Company received whether directly or indirectly which consists of;
• Personal data such as name, last name, gender, age, nationality, date of birth, marital status, address, occupation, place of work, postal code, email address, telephone number, credit card, personal income, car that you are driving.
• Data on your interests such as products and services, hobbies, social networking activities, sports, travelling, etc.
• Data on your decision whether or not to choose products and services, such as reason of purchase or selection of residence, budget, purpose, other products that are used for comparison, comments and site visit information regarding products and services.
• Data that specifies your location while using the website. If you enable the GPS system, you consent the Company to collect and process your location information. However, if you would like to conceal this information, you can install programs or turn off GPS on your mobile phone.
• Information searching behavior on website where the Company will use cookies as a tool to collect data such as:
• IP address
• Type of web browser that is used to access
• Web pages visited
• Time spent on visiting
• Websites that refers to the Company’s web site
• Necessary information to be provided to the Company and the Company is entitled to process such personal data as stipulated by law without consent as follows:
• Data to be provided for complying law or performance or execution of a contract or other data as stipulated by law. If you do not give your personal data, the Company may not be able to proceed with such action requested by you or as the Company informs you or other consequences pursuant to the applicable law.
• Data that is necessary for any lawful interest such as the collection of photo from the Company’s activities and etc.
Other Personal Data subject to your prior consent

2.2 The Company will collect your Personal Data only as necessary or for the purpose of collection and in accordance with the law. However the Company may collect and anonymise any data.
In case you access to the website or advertisement which are not operated by the Company, the privacy policy on personal data will be governed by the one of that website, for which the Company shall not be held responsible.

2.3 Method of Personal Data Collection
• Through the Company’s channel, e.g. electronic means, documentation, verbally, depending on circumstances etc.; or
• Through channel of the Company’s business partner / other service providers, e.g. Facebook, Instagram, Twitter, Tiktok, Line, etc., for the purpose of creation of your profile or agent.

2.4 Children
The Company has no intention to collect any Personal Data of a child whose age is less than that stipulated by law (the “Age Limit”). If you are younger than that of the Age Limit, please do not use the service of the Company or give any Personal Data to the Company.

In the event that you are a parent of a child whose age is less than the Age Limit and is aware that your child is giving Personal Data to the Company, please contact the Company and you may request to exercise your right instead.

In the even that you are a child of age that is less than the Age Limit and need to receive services and products of the Company, you are required to have a consent of your parent in place for the provision of your Personal Data.

3.Purpose of collection / use / disclosure of the Personal Data
3.1 To provide service which is requested by you, for example, in case you subscribe for information and promotion, the Company will only store and use basic information such as first name, last name, e-mail address and telephone number for any subsequent communication with you, or in case of an online booking, the Company will store and use information necessary to issue booking documents.

3.2 To improve website performance, create marketing plan, analyze data usage, evaluate the performance of service, improve and develop products and services of the Company.

3.3 To communicate and provide information relating to products and services of the Company and/or its Affiliates, including relating privileges or promotion of the said products or services or any future change concerning the Privacy Policy for personal data protection.

3.4 To comply with contracts to which you are a party or of which the Company uses services, such as to share your location information where the Company uses the location service of a third party.

3.5 To pursue any legal actions, such as to prevent or cease any loss of life or damage to body or health of a person, for educational study or statistics in order to provide an appropriate measure to protect your rights and freedom.

3.6 To serve any other purposes which have been notified at the time of collection of your Personal Data or any other purposes in relation to any of the above purposes.

3.7 The Company will not use or disclose your Personal Data UNLESS it is necessary for the purposes set out above or disclosed to any person in the Company or the parties involved in the contract, as required by law, governmental authority, supervision organization or with your consent.

4.Potential Receivers of Your Personal Data
4.1 The Company, business partners of the Company or any employee of relevant companies.

4.2 Agents of the Company who has been authorized to offer and sell the Company’s products and services, including agent or person hired by such person.

4.3 Other persons, including agent or person hired by such person who is arranging in connection with the Company’s products and services, the conduct of the marketing activities, the offer of the Company’s information, the development of the Company’s products and services, e.g. payment method, documentation system, technology, delivery of documents, research, etc.

4.4 Any governmental authority or supervision organization or any person to which the Company is required to disclose such data whether by laws, regulations or order in relation to the Company or pursuant to the Company’s agreement with any governmental authority or any other person.

5.Security of Information
5.1 The Company uses Secure Socket Layer (SSL), which is a standard security for securing data transmitted over the Internet, including data encryption and firewall. Secured Socket Layer (SSL) is a technology accessing encrypted data to prevent sniffers while the information is being transmitted over the Internet. The data encryption makes sniffers unable to understand the meaning of the information. This technology is also used for confirming the existence of the website.

The Company will regularly update and test its technology to ensure that your Personal Data is safe, secured, and trustworthy. The Company reserves the right to make changes to its security tools if the Company sees that the tool is of a higher standard and can secure data more efficiently.
5.2 In case the Company made a deal with any third parties in order to develop and maintain the system and the allocation of resources or services on behalf of the Company, The personnel of such third parties who provide service to or act on behalf of the Company must agree to keep your Personal Data.

6.Owner’s rights
6.1 The person who owns the Personal Data is entitled to access and make copy of the relevant Personal Data provided to the Company and which is under control of the Company or request for disclosure of the Personal Data to which you do not consent, UNLESS it is to protect the owner of the data or the rights of the other person, is contrary to or inconsistent with the provisions of the law or court order or other cases as required by law.

6.2 You may cancel the use of your Personal Data or the disclosure of your Personal Data to which you have consented.
After the cancellation, the Company may not be able to serve you at its full capacity or as stated by the Company. However, the Company may collect data for inspection of services provided to you or to proceed with any legal actions, provided that the Company will not use your Personal Data for any other purposes.

6.3 If the Company does not maintain the Personal Data as required by law, you may request the Company to destroy, remove, suspend the use of or anonymize your Personal Data.

6.4 Any other rights under the laws, e.g. the right to amend personal data, the right to cancel the use of personal data, the right to object any process of personal data, for whatsoever reason.

6.5 You may exercise any right as mentioned above through Call Center at 099 419 6364, in which case the Company will consider and inform you of a result of your complaint within 30 days from the date on which the Company receives your complaint.

7. Marketing Activities and Promotional Activities
In the event that the Company has send any information relation to its marketing activities and promotional activities, including those concerning products, services or any interesting activities and if you have agreed to receive such information but would like to cancel such receipt, you may proceed by Call Center at 099 419 6364 .

8. Exceptions to the Confidentiality of Personal Data
Any of the following actions shall not be deemed an offense to the Privacy Policy:
8.1 An action towards the Personal Data that has been disclosed to the public at the time you disclose this information to the Company or that is publicly disclosed which is not the fault of the Company or its Affiliates.

8.2 Disclosure of the Personal Data with your written consent or permission by any other means.

8.3 Disclosure of information as necessary by laws, orders, rules, regulations, court orders, or governmental agency, or other necessities.

9. Personal Data Retention
The Company will retain your Personal Data only for such period of time as necessary to fulfill the purposes outlined in this Privacy Policy.

10. Changes to our Privacy Policy for personal data protection / Contact of the Company
10.1 Company may change or update details of Privacy Policy for personal data protection in part or in its entirety. If there is a change, the Company will update its Privacy Policy for personal data protection on the website.

10.2 Users may express his or her opinion on the Privacy Policy for personal data protection at “Contact Us”. However, users agree that the Company’s discretion is absolute.

Home BlogArchive

Investment Insights

Weekly Thailand Property News Update , EP 3 , 2023

BY Kittipong Kongthanarung

1.Private sector pushes the government to rethink, foreign laws buy real estate in Australia, pulling in Chinese buyers and igniting “GDP”.

 

The Real Estate Information Center (REIC) has revealed that currently the size of the real estate economy in Thailand is significant, accounting for 9.7% of the country’s GDP. The development of real estate has created multiplier effects for the economy, as it is related to other industries such as water, transportation, and construction, leading to production and job opportunities.

However, Mr. Wichai Viratapan, the REIC’s managing director, pointed out that this machinery is currently weak due to uncertain economic conditions, high interest rates, and inflation, which could cause the real estate market, especially residential property, to decline by up to 14.1% this year. The total value of property transfers is approximately 9.15 trillion baht, some of which came from the previous year when the market was doing well.

During the recovery period of the Thai tourism industry, with the return of foreign tourists, the real estate industry and tourism will be a new opportunity to boost both the residential market and the future of the Thai economy. There are opportunities for both the purchase and long-term rental of residential properties as well as short-term rentals. “When tourism is good, the real estate market will expand.”

Comparing the first half of 2022, when Thailand opened up, and the period after the lifting of travel restrictions worldwide, the value of foreign property transfers increased from 3.9 trillion baht in 2021 to 5.9 trillion baht. Bangkok, Chonburi, Phuket, Chiang Mai, and Samut Prakan were the top five provinces with the highest foreign property transfers.

More info : https://www.thansettakij.com/real-estate/559386

 

2. The retail space is bustling after the easing of COVID restrictions in Bangkok, with a growth rate of over 53% to 125,500 square meters. By the end of 2022, 6.7 million square meters of retail space had already been opened.

 

Although retail space projects in Bangkok have become more active in 2022, there are still many vacant areas in many projects in all areas of Bangkok, including several large shopping centers in the city center. This includes the CentralWorld and many other large shopping centers in the heart of the city.

In addition, community malls or hypermarkets in the outskirts of Bangkok still have vacant spaces for rent. The improvement of rental spaces within shopping centers in the city center has been evident throughout 2020-2021, and in 2022, vacant rental spaces, including those that were previously closed for improvement, have begun to reopen.

According to an analysis by “Property DNA”, the accumulated retail space in Bangkok at the end of 2022 was approximately 6.7 million square meters, and new retail space of approximately 125,500 square meters was opened, 53% of which were in shopping centers and 33% were in specialty stores.

Stores that sell home decor products account for only 13% of community malls. This indicates a decrease in community malls that have continuously opened for more than 10 years.

Several retail space projects are currently under construction and will be opening in the future, with the majority being shopping centers accounting for approximately 80% of the retail space set to open between 2023-2025. Meanwhile, community malls have decreased significantly and only account for 11% of the total retail space projects.

Hence , After COVID is ended ,The trend for rental rates in retail space in the shopping center projects in 2566 is certainly improving compared to the past three years, but it may still need to wait for more than a year until the situation returns to pre-COVID-19 levels. The influx of foreign tourists has created a buzz for many large-scale shopping centers in the city center.

In addition, marketing activities and various activities within the retail space project have brought back colors and atmospheres since the beginning of 2565. Some shopping centers in the city center may have to wait for foreign tourists, especially tourists from China, to enter Thailand more than in the present time.

More info : https://www.thansettakij.com/real-estate/558567

 

3. The 3 mega trends that are currently dominating the real estate industry in Thailand will be the driving force for business transformation in the next 1-2 years.

 

According to REDPAPER, developers need to focus on upgrading their products to meet the changing demands of consumers. The emphasis should be on flexible design for the new generation and moving towards the ESG model, which prioritizes environmentally-friendly materials throughout the business chain.

3.1 Emphasize the “value” of products and services.

From a survey of the real estate business in all three groups, it was found that giving importance and adding value to products and services is an important factor that real estate developers must prioritize. This is because it can elevate the products and services to a higher level. In the residential business, it was found that the demand for single houses increased to 44% in 2022, up from 33% in 2021. This is because single houses can deliver value in an era where people are increasingly living at home. They offer spacious living areas and can be flexible to use.

3.2 “Human Centric” concept. 

The Human Centric concept, which emphasizes the importance of putting humans at the center of design and development, should be applied to satisfy users’ needs.

3.3  “ESG” is pinned in every component of business operations. 

The ESG issue, which stands for Environment, Social, and Governance, is a matter that many organizations consider in conducting their business. This is because consumers nowadays attach importance to purchasing products and services from companies that have policies or directions that are responsible for society and the environment. This is due to the fact that facing disaster situations or changes in climate conditions are factors that make consumers take ESG issues more seriously.

More info : https://www.thansettakij.com/real-estate/559621






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Privacy Policy

Consent to Collect, Use and Disclose of Personal Data

Date:

1) The Data Subject as the consent grantor (Mr./Miss/Mrs.)

2) Personal Data Controller

SC Asset Corporation Public Company Limited (“SC”), office located at number 1010 Vibhavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District, Bangkok 10900

3) Purpose of collecting, using or disclosure of personal data

The Data Subject gives consent to Bridge Group (Thailand) Co., Ltd. (“Bridge”), SC and affiliated companies to collect, use or disclose the personal data as detailed in the copy of passport of the Data Subject, including information concerning income, address, telephone numbers and E-mail or Line ID, or any other information that the Data Subject delivered to and informed Bridge, SC or affiliated companies in order to use the data for purchasing of houses, land, condominium units and any other products, including using any services related to the business and services of Bridge, SC or affiliated company, including biological and biometric data, such as photography, motion picture, sound, data relating race, personal beliefs, religion or philosophy, sexual behavior, criminal record, health information, disability, labor union information, genetic information or any other information received by Bridge, SC or affiliated in any form, or record of verbal interviews, or as given by the Data Subject in the questionnaire or via the electronics means, to collect, use or disclose personal data of the Data Subject for sake of analysis, processing, development and using in the businesses and services of Bridge, SC or affiliated companies, which could be beneficial for the Data subject and customers. Bridge, SC and affiliated company will not disclose information with others, except financial institutions which requested by the Data Subject for loan or any other financial institutions for the sake of request for loan by the Data Subject, and Bridge and SC business partners co-operated in the business of construction, decoration or providing any services participating in businesses of Bridge, SC and affiliated company. Whereby, the Data Subject allow financial institutions or Bridge and SC business partners to contact the Data Subject for any purpose in accordance with the objectives of financial institutions and Bridge and SC business partner, including to offer services and products of financial institutions and Bridge and SC business partners, including to analysis, research, create statistical data to improve and develop products and services. This also includes sending or transferring personal data to the destination country for all of the above purposes, or disclosure as required by the court or by law.

4) Duration of personal data collection

Bridge, SC and affiliated companies will collect, use or disclose personal data throughout the period that the data subject is still a member who purchases house, land, condominium unit, or any other product, or use the service in Bridge and SC businesses or affiliated companies, or other cases until the Data Subject withdraws consent.

5) Notice of amendment of data or withdrawal of consent

The Data Subject may notify the amendment of correct personal data or withdrawal of consent at any time by written notice directed to the Company or E-mail: dataprivacy@scasset.com or contact via phone at Call Center Number 1749.
SC will complete the amendment and withdrawal within 30 days from notification , which the withdrawal of consent of the Data Subject, it may affect the use of services of Bridge, SC and all related affiliated companies that being used by the Data Subject. The Data Subject will also not receive information concerning personal right and benefits from Bridge, SC and affiliated company including Bridge and SC business partners.

6) Contact the personal data officer

Internal Audit Division, Office No. 1010, Floor P13, Vibhavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District, Bangkok 10900, Email: dataprivacy@scasset.com