<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>SDB Club Benchmark Real Estate &#187; marketing</title>
	<atom:link href="http://www.sdb-club.com/blog/tag/marketing/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.sdb-club.com/blog</link>
	<description>Benchmarking Real Estate Information</description>
	<lastBuildDate>Fri, 27 Jan 2012 16:41:37 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
		<item>
		<title>Chateau In Town Vibhavadi 30 active selling Phase 2</title>
		<link>http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/</link>
		<comments>http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:37:33 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Bangkok Real Estate]]></category>
		<category><![CDATA[More Property]]></category>
		<category><![CDATA[More Real Estate]]></category>
		<category><![CDATA[Chateau In Town]]></category>
		<category><![CDATA[CMC Group]]></category>
		<category><![CDATA[condominiums]]></category>
		<category><![CDATA[Direct Marketing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[PPP]]></category>
		<category><![CDATA[Praya Panich]]></category>
		<category><![CDATA[Pre-sale]]></category>
		<category><![CDATA[property]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[two phase]]></category>
		<category><![CDATA[Vibhavadi]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=2477</guid>
		<description><![CDATA[Chateau In Town Vibhavadi 30 active selling Phase 2 after selling off phase one of the two days worth 160 million Baht. Praya Panich Property exceeds strength from the opening Pre-sale condominiums Chateau In Town Vibhavadi 30 on March 26-27 the past 160 million building off offensive launched phase two of on May 2-3. Network [...]]]></description>
			<content:encoded><![CDATA[<p><strong><a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/">Chateau In Town Vibhavadi 30</a> active selling Phase 2 after selling off phase one of the two days worth 160 million Baht.</strong></p>
<p><a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>Praya  Panich Property</strong></a> exceeds strength from the opening <a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>Pre-sale</strong></a> condominiums <a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>Chateau In Town Vibhavadi 30</strong></a> on March 26-27 the past 160 million building  off offensive launched phase two of on May 2-3. Network is hoping sales of more than 170 million scoop on April 2-3 this time.</p>
<p>Ms.  Anonglak Phatyanan President of <a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>Praya Panich Property</strong></a> Co., Ltd. (<a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>PPP</strong></a>) in  the <strong><a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/">Chaophraya Mahanakorn</a></strong> Co., Ltd. (<a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>CMC Group</strong></a>) said that after the  successful opening Pre-sale condominium project 3 new project in the  brand tea Auto  Town Law, including Chateau In Town Vibhavadi 30, Chateau In Town Ratchada  20 Chateau In Town and Major Ratchayothin 2 on March 26-27 in the past  have been accepted. from  those interested in visiting, and decided to purchase a large number of  condo sales, which can be closed out until the building.</p>
<p>Therefore,  the company has opened sales acceleration programs <strong><a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/">Chateau In Town  Vibhavadi 30</a></strong> second phase amounting to 79 units per day at the office on  April 2-3 Sale Chateau In Town Vibhavadi 30 to meet the needs of users. interested in buying City condo. That there is a lot expected to be generating sales of over 80%, or approximately 170 million Baht.</p>
<p>&#8220;Cause of condominiums under the brand Chateau In Town has been of great interest that Since the project. Has strengths in many areas and potential locations on the city land near Metro line. Design and function suites are designed to accept the lifestyle of living. Perfectly. Of the price that customers can own a simple average of 55,000 to 65,000 baht / sqm. allows customers to purchase easily. For marketing strategy this year. Market  share is a Below The Line 80% and Above The Line 20% to focus on Direct  Marketing because they can communicate to your customers is a direct  target group. Most customers come from existing customer base 100%&#8221; Anonglak said.</p>
<p><a href="http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/"><strong>Chateau In Town Vibhavadi 30</strong></a> two-phase condominium project of 79 units 8  floors, designed under the theme &#8220;Fun &amp; Joy&#8221; colorful city life. Layout  function to use the answer to city life with a 1 bedroom 29-40 sqm.,  located on Soi Vibhavadi 30 potential location close to BTS Phaholyothin  24 (future), just 270 meters to go in and out several directions. The  Phaholyothin Soi 21 and Soi Vibhavadi 30, surrounded by amenities  business sources of job with entertainment, shopping a lot. Starting at just 1.59 million total project value of 200 million Baht.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/chateau-in-town-vibhavadi-30-active-selling-phase-2/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Luxury House The Royal Green : NC Group Insert Real Estate Market</title>
		<link>http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/</link>
		<comments>http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/#comments</comments>
		<pubDate>Thu, 10 Mar 2011 17:05:27 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[More Real Estate]]></category>
		<category><![CDATA[buying land]]></category>
		<category><![CDATA[Green Park]]></category>
		<category><![CDATA[home market]]></category>
		<category><![CDATA[luxury home]]></category>
		<category><![CDATA[Luxury House]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[NC Group]]></category>
		<category><![CDATA[NC Housing]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[real estate market]]></category>
		<category><![CDATA[Royal Green]]></category>
		<category><![CDATA[Sellers]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=2456</guid>
		<description><![CDATA[Mr.Rangsan Nantakawong Deputy Managing Director, NC Housing Limited (Thailand), said this year&#8217;s focus on market penetration NC Group Home at High End debut with the brand &#8220;The Royal Green Park Kanchanaphisek&#8221; which is a 19 rai land along Kanchanaphisek Rd. Up to the house with. 59 Land prices start to convert 10 million in home-style [...]]]></description>
			<content:encoded><![CDATA[<p>Mr.Rangsan  Nantakawong Deputy Managing Director, <strong><a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/">NC Housing Limited (Thailand)</a></strong>,  said this year&#8217;s focus on market penetration <strong><a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/">NC Group</a></strong> Home at High End  debut with the brand &#8220;<a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>The Royal Green Park</strong></a> Kanchanaphisek&#8221; which is a 19  rai land along Kanchanaphisek Rd. Up to the house with. 59  Land prices start to convert 10 million in home-style modern luxury  line designed by KTGY Asociate a clear focus on areas within the home. And  functions use a Loft and Intelligent to choose from four types of Green  Harmony area of 245 Square Meter Price From 10.6 million Green  Gardenia area of 315 Square Meter Price From 11.7 million Green  Paradise area of 240 Square Meter Price. From 12 million and Green Residence Area 370 Square Meter Starting with the 16.4 million sales next canals. All units installed alarm systems and VDO Door Phone.</p>
<p>&#8220;We have reservation land, and 4 to convert our strengths, because the project is located in the wet. Kanchanaphisek Rd. Near The Mall Bang Kae. Sale price of 5.5 billion baht per sq.m. Not  considered high when compared to the potential location, &#8220;<a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>NC Group</strong></a> Executive confirmed that 59 houses and land conversion to close the sale  within the year.</p>
<p><a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>NC Group</strong></a> on Strategies to insert a space luxury <a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>home market</strong></a>. Announces position in the business allocation plane While the overall property market this year by the weight remains the condo market in the city. The competition this year, NC Group expands selected upper house. They perceive that there is space to insert market.</p>
<p>Step  aggressive <a href="http://www.sdb-club.com/blog/tag/real-estate-market/"><strong>Real Estate market</strong></a> high-end is based on the confirmation of Mr. Som  Chow tons up Thoet fair President NC Housing which revealed that the  major products the home of <a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>NC Group</strong></a> this year will house more than 5  million, 45% house under 5 million, 25% townhouse 50-10% semi-detached 15% of the rest is other forms. Product main house. And this year house prices have increased more than 10 million baht up to more.</p>
<p>In addition, the first project launched earlier this year in the remaining four projects continue to focus on House as well. The price will vary as the location. In the district, including Buddhist and Pattaya 2nd Road (Pattaya), which is buying land to develop new projects. Will launch the second half of the year.</p>
<p>&#8220;This year we are back the clock. Sellers  wait to transfer approximately 400 million waiting to revenue  recognition throughout this year and some may go to 2012, goods produced  new waiting launched there in the hands of over 500 million, &#8220;said Som  Chow stressed and that the number of products. this size. The sales target set at 2,400 million baht and revenue targets for 1700 million in this year&#8217;s walk is planned.</p>
<p>The  marketing activities <a href="http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/"><strong>NC Group</strong></a> recently announced 100 million statements  throw big campaign organization Everyday Smart Every day Smile by  Alliance. The Siam Commercial Bank (SCB), Panasonic, JIB Computer company organized campaign  to buy the house from 22 February -31 March 2011 was special promotions &#8211;  giveaway Promotional  activities will continue with the second big festival in the first  quarter is home to 24 condo Queen Sirikit National Convention Center  10-13 March and loved children&#8217;s Festival on March 18-20. Muang Thong Thani. All the leading brand in the current participants The  Blue House, Rangsit, Baan Fah Piyarom Premier Park, Green Park House Fa  (Rangsit), Home On The Green Tanya Thani, Baan Fah Green Park (Royal Phuttamonthon 1), Baan Fah Green Park Rom Royal School, The Green Park Royal Jomtien and Green Park (Kanchanaphisek).</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/luxury-house-the-royal-green-nc-group-insert-real-estate-market/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HDFC : ICICI Bank too announced discontinuance teaser rates</title>
		<link>http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/</link>
		<comments>http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/#comments</comments>
		<pubDate>Thu, 02 Dec 2010 11:02:00 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Benchmark Lending]]></category>
		<category><![CDATA[fixed]]></category>
		<category><![CDATA[HDFC]]></category>
		<category><![CDATA[ICICI Bank]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[Loans up]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[mortgage players]]></category>
		<category><![CDATA[Reserve Bank]]></category>
		<category><![CDATA[SBI project]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=2245</guid>
		<description><![CDATA[India, the biggest mortgage players &#8211; HDFC pure play on Wednesday decided not to extend the teaser rates or lending of money at home. To borrow a couple of them, which was extended four times since its launch in December 2009 from today The project is expected on November 30 and we decided not to [...]]]></description>
			<content:encoded><![CDATA[<p>India,  the biggest <a href="http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/">mortgage players</a> &#8211; <a href="http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/"><strong>HDFC</strong></a> pure play on Wednesday decided not  to extend the <a href="http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/">teaser rates</a> or lending of money at home. To borrow a couple of them, which was extended four times since its launch in December 2009 from today</p>
<p>The  project is expected on November 30 and we decided not to extend it, &#8220;a  company spokesman said when contacted and refused to give details.</p>
<p>Earlier  in the day, <strong><a href="http://www.sdb-club.com/blog/tag/icici-bank/">ICICI Bank</a></strong> has also announced to stop the project causing  teaser rate loans to a new loan more convenient, effective immediately,  is 8.5% per year, the initial offer, 9.25% for the &#8216;year. second and 1.5% above the base rate since then.</p>
<p>HDFC  has launched two products, the rate loans in December 2009, received a  new loan that offers a fixed <a href="http://www.sdb-club.com/blog/tag/interest-rate/">interest rate</a> of 8.85% <a href="http://www.sdb-club.com/blog/tag/interest-rate/">interest rate</a> to  8.25 for the first year, from 9 to 9.5% in second year and floating rate for the period. The rest of the loan when it is released only 8.25% the first year and second year attracted 9%.</p>
<p>Under this proposal, three plates of <a href="http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/"><strong>HDFC</strong></a> &#8211; Loans up to lakh RS30, RS30 &#8211; RS50 lakh to Rs 50 lakh or higher</p>
<p>Despite  the opening of the first period of limited expansion in April, June and  September of 2010, as a result of successful marketing.</p>
<p>It  may be called the <a href="http://www.sdb-club.com/blog/tag/reserve-bank/">Reserve Bank</a> is not satisfied with the format seems  to be initiated from the outset and as the Bank has refused to listen to  the instructions of the system even after the base rate &#8211; the <a href="http://www.sdb-club.com/blog/category/benchmark-lending/">benchmark lending</a> of <a href="http://www.sdb-club.com/blog/tag/interest-rate/">interest rate</a> that banks do not may pay below &#8211; the policy credit in the second quarter, five RBI increased the time of payment provisions. These loans from 0.4% to 2% of the exposure.</p>
<p>For  now, those who have played a major state-owned banks continue to offer  this program SBI project is also to review by the end of the month</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/hdfc-icici-bank-too-announced-discontinuance-teaser-rates/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>BHP Potash Loan Syndication Draws More Than $45 Billion Sought by Bankers</title>
		<link>http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/</link>
		<comments>http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/#comments</comments>
		<pubDate>Mon, 20 Sep 2010 11:00:51 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Benchmark Lending]]></category>
		<category><![CDATA[More Bank]]></category>
		<category><![CDATA[Bankers]]></category>
		<category><![CDATA[BHP]]></category>
		<category><![CDATA[BHP Billiton]]></category>
		<category><![CDATA[BHP Potash]]></category>
		<category><![CDATA[fund-raising]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[Lending rates]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Potash Loan]]></category>
		<category><![CDATA[term loan]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=2066</guid>
		<description><![CDATA[BHP Billiton Ltd.&#8217;s loan underwriters attracted demand in excess of the $45 billion sought to fund the miner&#8217;s bid for Potash Corp. of Saskatchewan Inc., a person familiar with the situation said. The financing was oversubscribed by new lenders three weeks after Banco Santander SA, Barclays Capital, BNP Paribas SA, JPMorgan Chase &#38; Co. and [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/">BHP Billiton</a> Ltd.&#8217;s loan underwriters attracted demand in excess of the $45 billion sought to fund the miner&#8217;s bid for Potash Corp. of Saskatchewan Inc., a person familiar with the situation said.</p>
<p>The financing was oversubscribed by new lenders three weeks after Banco Santander SA, Barclays Capital, BNP Paribas SA, JPMorgan Chase &amp; Co. and Royal Bank of Scotland Group Plc started marketing the deal Aug. 18, said the person, who declined to be identified because the information is private. The loan will be signed within 10 days, the person said.</p>
<p>Lenders were asked to provide $2.5 billion to join the syndication, the person said. Underwriters of loans, which take the bulk of fees paid by a borrower, seek to reduce the amount they lend by syndicating the credit to a wider group of banks and money managers. The commitment level was reported earlier by Reuters.</p>
<p>Illtud Harri, a London-based spokesman for <a href="http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/">BHP</a>, couldn&#8217;t be reached for comment.</p>
<p>The world&#8217;s largest mining company is paying a margin of between 70 and 140 basis points on a $25 billion one-year term loan that can be extended by another year, according to a regulatory filing on Aug. 20. The <a href="http://www.sdb-club.com/blog/tag/interest-rate/">interest rate</a> will move depending on the company&#8217;s credit rating. The lowest rate applies if the company is rated A+ or higher, and the highest margin applied at BBB+ or lower.</p>
<p>The $10 billion three-year term loan and the $5 billion three-year credit line will pay interest between 110 and 180 basis points more than the <a href="http://www.sdb-club.com/blog/tag/benchmark-lending/">benchmark lending</a> rates, while margins for the remaining $5 billion four-year revolving credit ranges from 130 and 205 basis points, the filing shows. A basis point is 0.01 percentage point.</p>
<p><a href="http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/">BHP</a> is required to use proceeds from any bond issuance debt, asset sales or equity <a href="http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/">fund-raising</a> to repay the $25 billion term loan, according to the filing.</p>
<p>BHP took its $130-a-share cash bid directly to Saskatoon, Saskatchewan-based Potash investors on Aug. 18 after the producer of crop nutrients rejected the proposal and said it was &#8220;grossly inadequate.&#8221;</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/bhp-potash-loan-syndication-draws-more-than-45-billion-sought-by-bankers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Relationship Marketing In B2B Backed Citigroup</title>
		<link>http://www.sdb-club.com/blog/relationship-marketing-in-b2b-backed-citigroup/</link>
		<comments>http://www.sdb-club.com/blog/relationship-marketing-in-b2b-backed-citigroup/#comments</comments>
		<pubDate>Sun, 09 May 2010 20:51:20 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Benchmark Lending]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[benchmarking]]></category>
		<category><![CDATA[benchmarks]]></category>
		<category><![CDATA[branches]]></category>
		<category><![CDATA[bucket]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Conclusion]]></category>
		<category><![CDATA[enhancing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[organization]]></category>
		<category><![CDATA[relationship]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=1744</guid>
		<description><![CDATA[The Company to be examined is Citigroup. This is an internationally recognized banking institution. It was listed among the top ten banking Companies in the world in 2006. The Company provides banking services to 200 million clients coming from all corners of the world. Its 300 branches are located throughout South and North America, Asia, [...]]]></description>
			<content:encoded><![CDATA[<p>The Company to be examined is Citigroup. This is an internationally recognized banking institution. It was listed among the top ten banking Companies in the world in 2006. The Company provides banking services to 200 million clients coming from all corners of the world. Its 300 branches are located throughout South and North America, Asia, Europe and even Africa. Citigroup was started in the year 1817 and has continued to grow since then. It formed the Bank Hand Lowy in 1870 and Salomon Brothers in 1910. Today, there are plenty of brands that are synonymous with this banking institution. Some of them include; The Citi-Capital, Citigroup Private Bank, Diners Club, Primerica, Citi-Insurance, Citi-Mortgage, Citi Financial, Citi Cards and many others. Most B2B Companies fall under the Information technology sector. However, there are a few exceptions; Citibank is one such company. Although it belongs to the banking sector, it is backed up by B2B. It did this with the hope of integrating more technology into their business ventures. Their strategy was to engage in more e-commerce and reap the benefits of this approach. (Butterworth-Heinemann, 1991)</p>
<p>The report will examine some of the relationship marketing tools used by the Company in its operations. In this case, relationship marketing can be defined as the use of marketing techniques to retain pre existing clients. This form of marketing gained a lot of interest in the corporate world (including Citigroup) because they realized that traditional marketing had some loopholes. The latter type of marketing focused on acquisition of new clients and did not have a strategy to retain them. Relationship marketing shifts from individual transactions with clients and instead deals with a customer&#8217;s cycle. Most efforts are directed towards satisfaction of customer&#8217;s needs such that they may keep coming back for more business.</p>
<p><strong>Application of Relationship marketing at Citigroup</strong><br />
Three elements are necessary for the successful implementation of relationship marketing. These are :<br />
- when consumer demand for a product is continuous<br />
- when consumers make the choice of one commodity<br />
- when the customer has a wide range of products and services to choose from</p>
<p>Citigroup&#8217;s relationship managers have realized that the Company met all these three aspects. First of all, the Company offers both investment and commercial services which means that clients have a lot of services at their disposal. Some of them include; Mortgages, priority banking for high net worth clients, loans, investment banking, telephone banking and card products. Secondly, clients in the banking sector are in continuous need of these services. Lastly, those customers who decide to do business with the Company normally select one service or product. In the case of Citigroup, some customers strictly come to obtain loans, some would like to save their money there but access it conveniently when need arises (commercial services and card facilities).?? (Jackson, 1985)</p>
<p>The organization has implemented relationship marketing through consumer tracking. Since Citigroup is B2B backed, then it was able to use a comprehensive data base to analyze what consumer tastes and preferences are. It has been a leader in business communication with the client. Citigroup has been asking its clients about their thoughts on the institution. It found that certain services were preferred over others. It also realized that consumer kept coming back for certain products during definite seasons. It was able to establish a pattern and focused its energies on products that gave them maximum returns. This was also topped up by improving services that clients were dissatisfied with. One such service was provision of housing loans. The Company found out that many clients were happy with their rate of loan processing. This made the organization very keen on this service. Clients who came for this type of service received special attention, consequently, the product kept selling and more customers were retained. (Fornell &amp; Wernerfelt, 1987)</p>
<p><span id="more-1744"></span>Personalized marketing is one of the cornerstones of relationship marketing and Citigroup was quick to notice this. It involved the use of customer profiling techniques to market the organization&#8217;s products. Here, a customer&#8217;s details are noted down by the organization of interest including what type of items they prefer buying. The organization can then establish a trend and recommend certain commodities to them based on the pattern. Besides this, organizations can be able to identify what types of customers are responsive and focus on providing them better services. By doing this, companies will be improving their performance rate and solidifying their market performance. Citigroup did this effectively through the use of its &#8220;First 30 days&#8221; relationship marketing strategy. This was an idea pioneered by its relationship marketing manger in the year 1987. The basis behind this consumer strategy is that new customers are followed up through personalized marketing. This is done for a period of one month such that the bank can obtain useful data about their new consumers. After that period, they have full information about a customer&#8217;s responsiveness and can therefore deal with customers who will give them adequate return rates.</p>
<p>Relationship marketing is something that cannot be dealt with alone. It is a marketing strategy that involves the use of all departments in the sale of products or services. Good marketers know that one must integrate marketing functions into all aspects of the business. It should not simply be left to certain departments or groups. Citigroup has been very astute in the implementation of this. They have included relationship marketing in the investment banking sector. They have also included it in consumer loans and mortgagees. The latter two services are particularly sensitive because lending to clients with bad credit history spells doom for any bank. Citigroup realized this and was quick to establish trends in these departments. Although functions within the bank differ from others in one way or another, The Company was bale to interlink all these elements through relationship marketing. (Gordon, 1999)</p>
<p><strong>How Citigroup used the different approaches to relationship marketing and benefits obtained</strong><br />
During interactions with their clients, Citigroup normally asks clients through email whether they would like to participate in a survey. If the client accepts to take part, they ask them what services they prefer within the Company and what services they would like to see improved. A survey is also done on prices of services on offer and suggestions noted. The bank is then able to determine what consumer preferences are and therefore acts accordingly. Clients were content with the level of service provision compared to other banks. This meant that the Company now solidified the relationship between consumers and the bank. Such a strategy put Citigroup ahead of the competition because it had already determined exactly what consumers are looking for through relationship marketing. Other banks that may not have a very stable relationship with their clients do not have the ability to determine specific details that consumers require in their services. Such banks are subject to the theory of economics called &#8220;the leaking bucket&#8221;. Here such banks spend most of their time and efforts in the acquisition of new clients and very little in the retention of existing ones. Consequently, newer clients only purchase items/ services once and never come back. This means that the firm may get increased profits as it gets new clients, on the other hand, it keeps loosing profits from the departure of old clients. In the end, minimal profits are made. This sort of behavior is synonymous to a leaking bucket that never actually holds much content. Citigroup did not ignore their old clients and this was the reason why they have been identified as one of the most profitable financial institutions in the world.</p>
<p>Citigroup has been able to benefit from relationship marketing because of the following reasons. It has had to invest less in conducting the business. This is because very little amounts of money are required to convince a long term buyer to purchase a certain product. On the other hand getting a consumer to change their minds about conducting business with another bank and choosing Citigroup can prove to be very costly because the Company has to be very convincing. By retaining old clients, the bank was able to save up on some of its losses and maximize profits. Citigroup&#8217;s relationship marketing has also worked wonders for the Company because the bank can convince long term customers about certain complementary services on offer. For example, it is possible to inform a customer using the Bank&#8217;s fixed trading services about some of the mortgage loans on offer. Old clients are more responsive than new clients because most of the time, new clients will only be looking for one particular service. They may not know the bank well enough to trust them for other complementary services. New clients are more cautious that long term ones hence less likely to bring in more profits. (Prahalad et al, 1998)</p>
<p>Old clients obtained through relationship marketing have themselves become marketers for Citigroup. This is because the bank has already met all their needs and they are satisfied with the services on offer. They have voiced their contentment to other new clients and this increased Citigroup&#8217;s client base indirectly.</p>
<p>Citigroup has benefited greatly from relationship marketing because of the level of predictability of long term customers. The bank can know before hand what kind of services a particular consumer will require and when this will occur. Consequently, it has become very convenient for the bank because they can plan ahead or increase efficiency. On top of that, the Company has to invest minimal amounts in the education of clients about the goings on in the Company. Most of them are familiar with all the processes required before consumption of a service and little time is wasted. For example, long term customers who may have been engaging in capital market trading with the Company may also be familiar with the procedures required to obtain a consumer loan from the Company. This comes by virtue of the fact that interactions with the Company allow consumers to know much about the Company&#8217;s product offerings.</p>
<p>Because Citigroup has established some long term customers, this has prevented entry of new players in the market. When clients have firm support for the services provided by a particular Company, chances are very minimal that clients will leave that Company to go and purchase services from another. This means that new entrants in the market normally have a difficult time and will therefore get discouraged from participating in the trade. This has been highly beneficial for Citigroup because market saturation has been kept low.</p>
<p>Citigroup&#8217;s relationship marketing strategy has contributed to its growth due to the high volume sales registered by the Company. This was brought about by its long term clients. Whenever a company has invested in long term clients, the latter party will have a strong sense of loyalty towards them. This means that even minor changes in service costs are less likely to cause a shift in their purchasing behavior. On the basis of this principle, Citigroup has a stable sales volume since most of its clients are loyal to the Company.</p>
<p>Citigroup has been conducting customer valuation. This means that the Company can reap the benefits of determining what category a client will belong to.</p>
<p>Some of these categories include the following in order of importance :<br />
- prospective<br />
- customer<br />
- client<br />
- supporter<br />
- advocate<br />
- partner</p>
<p>Citigroup realizes that their most important customer is the partner because he has the highest sense of loyalty. This type of consumer will normally approach the firm and not any other whenever he has a baking need. Such customers engage in all the commercial and investment services provided by the bank. Citigroup has made it the main responsibility of its relationship manager to make sure that most of the clients in the firm are converted from prospective to partner. A prospective client is one that has not made up their minds about doing business in the firm. All the other types of clients are listed in order of priority. Customer valuation is done in order to place clients in any of the six groups. The bank then knows which type of customers to take seriously and which ones to neglect. This is quite important in the mortgage sectors and loan provisions. Placing customers in categories has helped the Company avoid potentially harmful transactions in their business. Clients who have very little potential will be avoided at all costs and their contracts terminated. (Berry, 1983)</p>
<p>Citigroup has also placed customers in market segments through the use of customer retention rates. The organization normally calculates this amount by getting the ratio of clients who stuck with the firm after one year to the ones that started with the Company at the beginning of the year. The percentage is then calculated. What normally occurs is that the bank uses the values of their retention rates to determine which services are the most valuable among them. This also forms the basis of market segments. Such a strategy was implemented under the leadership of John Wheat; a relationship marketing director of the firm. Market segmentation on this basis has become one of the cornerstones of conducting business on Citibank.</p>
<p>Citigroup chose to offer credit card services in certain branches after conducting a thorough analysis of customer preferences. In a country such as Malaysia, Citibank examined the population&#8217;s capability both financially and socially to take up the use of credit cards. After the bank realized that its market was ready for change, it introduced credit cards to the market. Analysis of underlying issues also helps in the process of determining whether or not to expand. For example, Citigroup established five branches in Malaysia after it realized that customers there were ready for them. The bank was only aware of these issues after determining the underlying issues within the consumer markets- an exercise that is only possible through relationship marketing. Overly, analysis of underlying issues has helped Citigroup determine what customer&#8217;s root problems are and what to do about those problems.</p>
<p>The bank has implemented the relationship marketing strategy by ensuring that staff members are treated well. It has put in place good employment practices and has also ensured that most of the employees have a favorable working environment. This implies that when those employees are communicating with clients about relationship marketing, they can do this thoroughly since there are no underlying issues to prevent them form working well. Staff members have access to special holiday packages, insurance offers, pension schemes and others. These offers have boosted employee morale and have contributed towards better service provision. Consequently, customer satisfaction has increased. (Gale?? &amp; Chapman, 1994)</p>
<p>Citigroup has also implemented corrective measures during relationship marketing. After the bank has analyzed the underlying issues behind a consumer&#8217;s preference, it normally undertakes a plan of action.</p>
<p>Some of the activities that the Company has used to implement some of its action plans are :<br />
- enhancing employee practices<br />
- enhancing reward systems<br />
- benchmarking<br />
- utilizing recovery teams</p>
<p>Most of the time, the bank normally benchmarks. It determines what customer preferences and then uses those preferences as standards in performance improvement. In addition to this, the bank has also used the issue of recovery teams. For example, after Citibank begun recording sub prime losses in its mortgage sector, the Company realized that something drastic needed to be done in order to put the financial giant back in business. It did this through the implementation of a recovery team. This has helped the Company to get back on track because there is more focus during problem solving. Normally when tasks are assigned without specificity then chances are they will not get completed. This is because members of an organization need to be given specific responsibilities in order to concentrate on them. Generalization causes members of the organization to become complacent. Citigroup saw this and prevented it by using recovery teams. (Reichheld &amp; Sasser, 1990)</p>
<p>The Company has used product bundling as an action plan in its operations. Product bundling occurs when a given organization lumps up some the services they offer into one package which aims at improving performance of some of them. By doing this, customers will feel as though they have obtained a huge bargain and will be tempted to come back for more. Citigroup did this through the use of a basic bank offer to be included in service improvement strategy.</p>
<p>Another action plan that has been taken up by this bank is cross selling. After analyzing consumer preferences, the bank has sold some services that seem related to certain clients. For example, when a customer has come to apply for a credit card facility, the bank informs them about telephone banking and some of them may be convinced to take up this offer too.</p>
<p>Similarly, the Company has also engaged in some cross promotional strategies as a reaction to relationship marketing. Here, the bank has offered a similar service to one that a client may be purchasing but this is done through a discount.</p>
<p>The Company has also improved its computer systems through networking. All the branches located throughout the world are interlinked and they can share information. The purpose of such an approach is that the Company can very easily be able to assess consumer tastes and preferences in other parts of the world and use that knowledge to their advantage. This is also related to relationship marketing because the latter concept requires increased contacts and communication between an organization and the client. Some clients may be located outside the country but can still benefit from the services offered by the bank through network interlink. Consequently, customers will derive satisfaction from services offered no matter where they are located. (Kotler et al, 1999)</p>
<p>It should be noted that the reason why this strategy was adopted by the Company was that switching costs are rather high in the banking sector. One has to close their account before they move on to another bank. Relationship marketing is ideal for such a scenario. However, if the switching costs were low, then it would have been more suitable to use direct marketing rather than relationship marketing. It should also be remembered that relationship marketing works best when the making of a certain service involves its customers. This is quite applicable to Citigroup because most of their services are like that. For example, the issue of priority banking for high net worth individuals involves clients, therefore using relationship marketing is quite appropriate in this scenario.</p>
<p><strong>Ways in which relationship marketing can be applied</strong><br />
Relationship marketing can be applied through a number of methods. Some of them include :<br />
-internal markets<br />
-supplier markets<br />
-recruitment markets<br />
-referral markets<br />
-influence markets<br />
-customer markets</p>
<p>Relationship marking is not applied to the typical consumer alone. It should be incorporated in dealings with all the above mentioned markets. (Buchanan &amp; Gilles, 1990)</p>
<p>Referral markets refer to relationship marketing tailored to provide such intense satisfaction to the consumer to the point of making an advocate of the Company. When considering this type of marketing, Citigroup gave very efficient and comprehensive services to its customers to the point that they started talking about it to other clients. This meant that more customers were recruited by the Company even without any investment into it.</p>
<p>Supplier markets need relationship marketing too. Here, Citigroup forged a good relationship with its suppliers who happen to be internet service providers. By doing this, the Company became more efficient; the IT Companies always delivered their services on time and in good quality. For example, they coordinated automated card services very well. Relationship marketing in this area also boosted the way the Company dealt with its clients because the good relationship with its suppliers increased efficiency of the banks service delivery. Consequently, the customer was satisfied. For example, customers are able to withdraw cash for automated machines efficiently.</p>
<p>Relationship marketing can also be injected into influence markets. Here, influence markets involve all the people who affect service provision within the organization in one way or another. Some of them include; government regulators, standard bodies, lobbyists, stockholders, venture capitalist, financial analysts, consumer associations, environmental associations and labor associations. All these groups are instrumental in the operations of Citigroup. By establishing a clean reputation with them, the Company has enhanced efficiency and exceeded customer expectations most of the time.</p>
<p>Lastly, relationship marketing is applied to consumer markets. These markets are the most crucial ones in the running of the Company. Citigroup has divided consumer markets into two groups; the ones that are yet to buy services from them and the ones who have. The methods used to deal with these two types of customers are quite different. New clients are not familiar with Citigroup&#8217;s product offerings, processes and the way they conduct business. Old clients are aware of what must be done to access certain services. Therefore, minimal efforts are directed to thee types of clients. (Carrol &amp; Reichheld, 1992)</p>
<p>It should be noted that relationship marketing is best achieved hen there is adequate communication between a give Company and the respective client. Clients need to feel appreciated by the Company. Companies should not show them that they are using them to boost their sales. This aspect has been incorporated in Citigroup through its effective customer service section where clients can air out their likes and dislikes of the services provided by the Company. It has also achieved this through the feedback channels it has on its websites. Here clients who give their comments on issues relating to the bank&#8217;s operation get a chance to receive feedback from their clients.</p>
<p>Companies need to incorporate ideas generated by customers on the design of their products and services. This will go a long way in ensuring that customers are satisfied. It will also increase their sense of loyalty of the organization after seeing that their suggestions are now part of the products on offer. Citigroup did this during provision of consumer loans. The Company received suggestions that during the summer, there was assort of melt down in the credit markets. It noted this and changed the way it offered its credit to clients. (Gale?? &amp; Chapman, 1994)</p>
<p>Needless to say, relationship marketing should only be implemented after consumers have consented to the activity. Organizations must not do this forcefully. Citigroup has adhered to this principle through the requests that it makes to consumers before it asks for feedback from the internet.</p>
<p><strong>Conclusion</strong><br />
Citigroup has implemented relationship marketing through a number of pathways. These can be summarized in four ways. Firstly, the bank has predicted consumer behavior in the future through the analysis of present trends. Secondly, relationship marketing in the bank involves retaining the client by keeping them active. This can only be achieved by satisfying their needs and by keeping them active. Thirdly, the bank has created a life cycle for some of its services. It starts by asking customers certain questions, when customers respond to those queries; it sends them feedback and the cycle goes on and on. Lastly, Citibank has allocated resources towards achievement of relationship marketing; where resources in this case apply to the financial and time aspects of business operations. The Company has had to plan how to obtain information concerning customer preferences and has acted on those plans. By adhering to these four aspects, Citigroup is a front runner in the relationship marketing sector. (Fornell &amp; Wernerfelt, 1987)</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/relationship-marketing-in-b2b-backed-citigroup/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>The Best Forex Trading Robot To Trade Forex And Make Huge Profits</title>
		<link>http://www.sdb-club.com/blog/the-best-forex-trading-robot-to-trade-forex-and-make-huge-profits/</link>
		<comments>http://www.sdb-club.com/blog/the-best-forex-trading-robot-to-trade-forex-and-make-huge-profits/#comments</comments>
		<pubDate>Mon, 28 Dec 2009 10:56:09 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Trading]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[automated forex]]></category>
		<category><![CDATA[business opportunity]]></category>
		<category><![CDATA[forex robot]]></category>
		<category><![CDATA[Forex Software]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[forex trading software]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[make money]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[online business]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=1440</guid>
		<description><![CDATA[Foreign currency exchange trading has been revolutionized thanks to the development of the newest Forex robot to hit the market. Ivybot, released in July of 2009, makes the complex world of foreign currency trading not only easy to navigate, but also less intimidating to new individuals just entering the field. It is a user-friendly system [...]]]></description>
			<content:encoded><![CDATA[<p>Foreign currency exchange trading has been revolutionized thanks to the development of the newest Forex robot to hit the market. Ivybot, released in July of 2009, makes the complex world of foreign currency trading not only easy to navigate, but also less intimidating to new individuals just entering the field. It is a user-friendly system designed to help all levels of trading professionals prosper, even in difficult economic conditions.</p>
<p>Having the IvyBot will make you want foreign exchange trading even more. This is because of the many features that it has. The software is fully automated and can operate without the help of outside forces. You will never have to operate IvyBot on your own. It is truly functional in terms of keeping track of your business transactions. This is because of the friendly user interface that it has. All of these are thanks to the Ivy League Students that helped to create this functional machine.</p>
<p>You also can have currency conversion in this machine. The IvyBot has four currency conversions available. With these currency conversions, you will be able to function well as a trader and make use of your business ethics properly. The IvyBot truly is a magnificent machine that makes it easy for you to operate your business in terms of updates and communication. You cannot find it anywhere else in this world.</p>
<p>The IvyBot has the makings of a great machine because it works on its own and does not need manual operators to make it work. It is truly a great machine to have in your business. It is like having four machines in one because of the currency converters that will allow you to convert for currencies all in one sitting. Having this machine is like working with four people. The IvyBot is truly an amazing device.</p>
<p>Keeping your software updated and adjustable to change is essential. IvyBot is one of those Forex robots continuously controlled as well as updated by a group of professionals. Unlike other Forex software, which remain the same no matter what the market conditions are, IvyBot is frequently checked and tweaked in order to better adapt to each market condition while it grows over time. This is an essential Forex robot feature to look for. It is definitely a beneficial feature as this can aid the Forex robot become more precise over time. Of course each software would also have its disadvantages. For example, one problem with using the IvyBot software is that it tends to make a small number of trades at certain periods of time. This can be an signal of searching for high winning ratio trades and it is much preferable to stay out than perform losing trades. This is something that users need to know when using the robot.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/the-best-forex-trading-robot-to-trade-forex-and-make-huge-profits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Real Estate Photography &#8211; Grow Business Earnings</title>
		<link>http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings/</link>
		<comments>http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings/#comments</comments>
		<pubDate>Sun, 12 Jul 2009 13:22:18 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[More Real Estate]]></category>
		<category><![CDATA[estate photography]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketplace]]></category>
		<category><![CDATA[present property]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=451</guid>
		<description><![CDATA[The photography which is done on Real Estate Development Company is known as real estate photography. The concept is very much popular in European and western countries/ companies. Because according to the real estate photography the market has to be established! Real estate photography is done in different ways such as in close-ups. The real [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #808080;">The photography which is done on <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">Real Estate</a> Development Company is known as real <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">estate photography</a>. The concept is very much popular in European and western countries/ companies. Because according to the real estate photography the market has to be established! Real estate photography is done in different ways such as in close-ups. The real which is to be marketed has to be identified first. The product is then suited by professional photographer from different angles from which the product is most likely to be a sellable hotcake. Since the real estate is govern by the products which are only shown in hypothetical manner, the real estate has to be marketed accordingly. Since, the real estate is depends upon the projected outcomes, is covered by the photography part. So, a photographer must be analyzer in nature!</span></p>
<p><span style="color: #808080;">The photographer must know what the product will be after its completion of project. So, the photograph and actual product should match. <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">Real estate</a> photography makes a difference that good photos can make in the process of house for sale.</span></p>
<p><span style="color: #808080;">Importance of real estate photography<br />
Digital presentation of real estate photographs is the key to good seller in the property market. In the <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">present property </a><a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">marketplace</a>, real estate photography became the essential tool of property firms! Digital photos are becoming popular and can be readily available in the market. Digital photos make real estate photography more natural and practical. If you want to search real <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">estate photography</a> for your property business, then you can find many online real estate photography professional websites online. By just surfing the internet you can gather some real estate photography tips and hints. For a professional real estate agent, it is must to take well-composed and exposed real estate photographs. By trying true methods of real estate photography you can produce real estate photos without the need of buying expensive tools.</span></p>
<p><span style="color: #808080;"><span id="more-451"></span>Good online companies offer stunning real estate photography for both interactive and print use as well as three hundred sixty degree Panoramic virtual tour images, video production, multimedia presentations and image <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">management</a>. It is an important for you those great photographic images for <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">marketing</a> your position. Blur photos of <a href="http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings">real estates</a> are never acceptable. To take better images of your real estates you should choose real estate photography. Over the past few years there are dramatic changes happened with introduction of digital camera has brought to the Real Estate photography industry. With such latest technology, a real estate photography transfer images to a web page on the internet, and flyers printed all within minutes. Nowadays, listings are quickly available to other real estate firms and purchasers worldwide who have access to a computer.</span></p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/real-estate-photography-grow-business-earnings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Phuket foreign property sales drop</title>
		<link>http://www.sdb-club.com/blog/phuket-foreign-property-sales-drop/</link>
		<comments>http://www.sdb-club.com/blog/phuket-foreign-property-sales-drop/#comments</comments>
		<pubDate>Thu, 02 Jul 2009 08:01:44 +0000</pubDate>
		<dc:creator>][-NooM-][</dc:creator>
				<category><![CDATA[Phuket Property]]></category>
		<category><![CDATA[CBRE]]></category>
		<category><![CDATA[foreign property]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Phuket discussed]]></category>
		<category><![CDATA[property agents]]></category>
		<category><![CDATA[Thai tourism]]></category>

		<guid isPermaLink="false">http://www.sdb-club.com/blog/?p=290</guid>
		<description><![CDATA[Strong baht, legal hurdles hurt market. The political situation, stronger baht and changes to the foreign ownership law have slowed down property sales to foreign buyers, according to the Phuket-based property broker and consultant Andrew Park Co Ltd. Graeme Laird, the company&#8217;s president and chief executive, said property agents in Pattaya, Samui and Phuket discussed [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #808080;"><strong>Strong baht, legal hurdles hurt market.</strong></span></p>
<p><span style="color: #808080;">The political situation, stronger baht and changes to the foreign ownership law have slowed down property sales to foreign buyers, according to the Phuket-based property broker and consultant Andrew Park Co Ltd. Graeme Laird, the company&#8217;s president and chief executive, said property agents in Pattaya, Samui and Phuket discussed the situation and agreed that business had been bad since last year.</span></p>
<p><span style="color: #808080;">&#8221;The baht has been stronger by 15% in the past 18 months and the new enforcement of the nominee laws hurt nominee buyers. The worst is the political situation that was uncertain since mid-last year,&#8221; he said.</span></p>
<p><span style="color: #808080;">Currently, the company is managing sales for The Crest Phuket, a luxury freehold condominium project worth 630 million baht that is scheduled to be launched on June 28 in Phuket.</span></p>
<p><span style="color: #808080;">Owned and developed by a Thai tourism entrepreneur, the project is located on a six-rai site between Kathu and Patong beaches, about 1.5 km from Patong Beach. About five rai of the plot were formerly a non-performing loan asset that the owner acquired in 2005.</span></p>
<p><span style="color: #808080;">With a total investment of 400 million baht including the plot and construction, The Crest will have 22 two-bedroom duplex units sized at 127 square metres and priced between 22 million and 26 million baht; and eight two-bedroom poolside condominiums sized at 248 sq m and priced from 10-13 million baht a unit, or about 80,000 to 95,000 baht per sq m.</span></p>
<p><span style="color: #808080;">Mr Laird said the owner had demolished the old villas and would build eight semi-detached villas instead. Construction started in May 2007 and will finish in October 2008. Sales are expected to close within the completion period, said Mr Laird.</span></p>
<p><span style="color: #808080;"><br />
</span></p>
<p><span style="color: #808080;"><span id="more-290"></span>Without the negative economic factors, he said, the 49% quota to foreign buyers would have been sold this year.</span></p>
<p><span style="color: #808080;">&#8221;After completion and if there are any units remaining, the owner will set up a company to own them and allow long-term leasing to foreign buyers,&#8221; he said, adding that the company would stimulate sales with a 5% discount from the launch of the project until Aug 31.</span></p>
<p><span style="color: #808080;">Mr Laird said the company was in talks with developers to sell another two projects in Phuket. One would comprise 14 completed villas on Bang Tao Beach worth 300 million baht. Another is in the design process.</span></p>
<p><span style="color: #808080;">Meanwhile, another property agent, CB Richard Ellis, is managing sales of Shangri-La&#8217;s Phuket Resort and Spa with 50 villas scheduled for completion in early 2009.</span></p>
<p><span style="color: #808080;">&#8221;Buyers from across Asia and worldwide are already spotting a great investment opportunity with the private villas,&#8221; said David Simister, the chairman of CB Richard Ellis Thailand.</span></p>
<p><span style="color: #808080;">The villas will be sold on a leasehold basis in accordance with both current and proposed foreign ownership laws in Thailand. It will be located at the Layan end of Bang Tao beach on Phuket&#8217;s west coast.</span></p>
<p><span style="color: #808080;">CBRE estimated that well-managed rental properties in Phuket produced annual returns of 6-8% a year. Phuket also continued to offer buyers the potential for capital appreciation.</span></p>
<p><span style="color: #808080;">Although there is often a small risk associated with an off-plan purchase, the risk in this case would be insignificant given the operation and management by the Shangri-La brand and the endorsement of a reputable developer, CBRE said.</span></p>
]]></content:encoded>
			<wfw:commentRss>http://www.sdb-club.com/blog/phuket-foreign-property-sales-drop/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>

