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 4 , 2023

BY Kittipong Kongthanarung

1.Phuket Property , became popular greatly among foreigners which affected land Prices Soar by 20-30%.

 

Phuket real estate is desired on the Pa Sak-Kok Tanod Road. The land’s location is now being sold and changing hands to the Pull Villa, with prices increasing by 20-30% to 14 million baht per rai. After COVID, Russia is taking over and Chinese agents are starting to move.

March 29, 2023 – “Phuket” Thailand’s Andaman Pearl, did not experience strong heat today, only in the tourist areas – hotels that are recovering from foreign tourists, leading to a severe shortage of “labor” in the service sector. However, the reputation of “Phuket Sandbox” during the Covid-19 pandemic has transformed Phuket from an international tourist destination to a world-class “residential city.”

It has both beautiful natural scenery and outstanding healthcare facilities. From this trend, it has led to a change in the real estate sector that is worth noticing in the post-Covid era. As the tourism heaven is becoming the top investment destination with high returns and the potential of a golden location that cannot be found elsewhere, leading to significant land price fluctuations.

Russia takes the lead as the top buyer in Phuket.

From the perspective of Nattaya Khapnun, Managing Director of Knight Frank Thailand, a well-known real estate consultant, the first factor comes from the strong demand of foreign buyers, especially Russians in the Villa Market, where prices are soaring. This is evident in the news of “construction complete, but unsold” villas in the Pullman Villa market. This trend has been evident since Covid-19 occurred between 2020 and 2022, with both demand and supply rising, reaching its peak in 2022 when Phuket villas sold up to 3,595 out of 4,375 units, with a sales rate of 82.1%, the highest in the past 10 years since 2013.

Interestingly, Russians have become the number one buyers of Phuket’s real estate, accounting for 50-60% of the market, up from only 15-20% before. Most of the transactions were made in US dollars and Euros, reflecting the fact that Russians are trying to escape the threat of war by moving their families to safer locations. Due to the ongoing conflict between Russia and Ukraine, a large group of Russians are seeking to relocate their families to safer areas.

In addition to purchasing property for their children and future family members, Russians are also visiting Phuket during high season and showing a growing interest in renting out their properties, generating returns of 8-10% per year.

Land prices in Phuket soar by 20-30% due to strong demand. In addition to driving up the prices of villas by 15-20%, the demand has also caused changes in the land prices. The hottest locations are mainly on the west coast, including Kata Beach, Karon Beach, Patong Beach, Kamala Beach, Bang Tao Beach, Laem Ka Beach, and Nai Thon Beach. However, the area with the highest increase in land prices is located at the coordinates of the Pa Sak-Khok Ton Nun Road, where many plots have been sold and transferred to the pool villa project. The land prices have increased by 20-30%, from 10 million baht per rai to more than 14 million baht per rai. Overall, the province’s land prices have increased by 3-5% per year.

 

More info : https://www.thansettakij.com/real-estate/560334

 

2. The digital asset “RealX” announced an investment in a luxury condominium development.

 

“Token X” merges with “Real Estate Xponential” to sell “RealX” digital tokens, a new condominium investment model with a 10-year lifespan, after the success of the Green Line’s first lot of 19,230,769 tokens sold at a price of 182 baht per token. The project leads the way in the “Park Origin” initiative, with three prime locations.

On April 5th, 2023 – Ms. Jittinan Chatrisiracha, CEO of Token X, a company under the SCBX Group, revealed that the company has partnered with Real Estate Xponential Co., Ltd., the issuer of digital tokens, to create a significant development in the digital token market by introducing Thailand’s first Condo-Backed Token, named “RealX Investment Token.” The new investment model is aimed at providing a new option for new generation investors to invest in high-quality condominiums in the CBD areas that are difficult to obtain. The digital tokens will be sold as “RealX” investment tokens.

 

SEC approved to sell “RealX”

After submitting the digital token offering information and the draft of the prospectus to the Government Lottery Office (GLO) to propose the initial coin offering (ICO) of RealX to the public, with a maximum of 19,230,769 tokens at a price of 182 baht per token, with a total value not exceeding 3.5 billion baht, has now been approved by the GLO. The project has a duration of 10 years to invest the money in the Revenue Sale and Transfer Agreement (RSTA) contract to obtain revenue streams from the project’s assets from Real Estate Solution and Technology Innovation Co., Ltd. (Real Estate Innovation), which will hold the ownership rights of three condominium projects developed by Origin Property Public Company Limited (ORI). The funds will also be used as transaction fees, to pay off debt from fundraising, and as circulating capital for the token issuer. Investors who pay first will receive allocation priority on a first-come, first-served basis.

“Individual investors can invest in TKX Chain, which is an Ethereum-based blockchain in the form of a public permissioned blockchain that places security as its top priority, with transactions secured by smart contracts. Investors can invest up to 300,000 baht and be assured of the safety of their transactions through smart contracts on the TKX Chain blockchain network. In addition, Inspec Limited is the company that verifies the smart contracts, while CIMB Thai Asset Management is the trustee. Currently, TKX Chain is in the process of registering for trading in a digital asset exchange that has been approved by the Ministry of Finance under the supervision of the SEC to support trading in the secondary market.”

 

More info : https://www.thansettakij.com/real-estate/561099

 

3. Rayong has increased by 7%, making it an attractive location for property investment.

 

TERRA BKK points out “Rayong” as the main industrial city of the New S-Curve, attracting strong investment in services and apartments, while condominium prices have risen by up to 7% in the past 5 years.

On March 29, 2023, Rayong was identified as one of the strategic areas of the Eastern Economic Corridor (EEC) project, which has led to the development of several mega-projects such as the EECi innovation district covering over 3,500 rai in Wang Chan district, and the Smart Park industrial estate supporting the New S-Curve industry.

This will create 7,400 jobs, a high-speed railway connecting three airports over a distance of 220 kilometers, and the Map Ta Phut port (Phase 3) linking the potential of the Thai industrial sector, which will elevate the potential of the area, making Rayong the future hub of industrial estates for companies in Thailand and abroad.

According to TERRA BKK, a real estate data analytics expert, these factors are creating potential demand for real estate investment in the future, especially high-quality apartments for middle to top management personnel from Thailand, Japan, China, and South Korea who will be working in these industrial estates and require both short- and long-term accommodations.

 

More info : https://www.thansettakij.com/real-estate/560337



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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