Today's Topic : Zoom Meeting :
Richard Walden - Confessions of a Humanitarian : 42 years and Counting
No. 2863
    19 November, 2021
THE PRESIDENT'S MESSAGE

 

Only two more Zoom Meetings and then we meet in-person at The Crowne Plaza Hotel.

On Friday the 3rd December 2021 we will return to The Crowne Plaza Hotel for our regular Friday Club Meeting. Please let Khun Khob know if you plan to attend.
 

For the second time, PP Nigel as Chair of the Club’s Nomination Committee recommended Rtn Aaron Henry as the Nominee for Club President 2023-2024 and also PE Patrick’s Nominees for the 2022-2023 Board. On Friday the 19th November it will be the third and final opportunity for Members to nominate any new candidates. This meeting will also be the Annual Meeting for Members to vote and confirm final candidates so please attend and show your support for the new Club leaders and the new Board. After the vote our President Nominee 2023-2024 and the Board for 2022-2023 are locked in.
 

We are moving ahead to get our Club back to a degree of ‘normality’ as quick as possible and the Administration Committee, led by Rtn Aaron has declared the evening of Thursday 23rd December as our 2021 RCBS Xmas Party. Who would want to miss PE Patrick stepping into the ‘red costume’ and looking so svelte as he dances amongst us? Rtn John Fotiadis may look the part, but the tradition continues for our President Elects to entertain the children each year at this merry event.

 

We heard again from Secretary Yannick regarding the Minutes of our October Board Meeting, a little delayed as he was able to travel back to France for a few weeks recently. As I noted last Friday, the presentation was in a very summary format and we will work on getting the Committee  Minutes and a more detailed Board Minutes to you most likely online password protected. Give us time to work on this.

 

Finally, IPP David provided us with information on Rotary Action Groups for which one Rotarian from our Club is already engaged. It comes down to a personal interest for yourself to want to be involved in a Rotary Action Group and if you are interested you can find all the details at       
www.rotary.org/actiongroups.
 

See you all online on Friday 19th November.
 

Finbarr O'Connor
President 2021-22
 

Thank you to our Members who joined us from overseas:

Rtn Elmar Lins (Austria)

PP John Quarmby (France)            

We are back!!!
 
On Friday December 3rd, RCBS will resume our regular, in-person meetings at the Crowne Plaza. As the hotel has asked us for a head count 1 week before the meeting,  please RSVP to K'Khob at 
info@rotarybangkoksouth.org and or Administration Director Aaron Henry at aaron@found-agency.com to notify us that you will attend. 
Program will be advised soon.
Please find the link below to join the  Zoom Meeting
https://us02web.zoom.us/j/88696448467?pwd=bFRDcHJlS2R2RDNxOXhNVEZ2V1FPdz09

Meeting ID : 886 9644 8467
Passcode : RCBS2122
 
  Topic: RCBS 2021 2Q
  Every week on Friday,


     November 19, 2021      12.05 PM
     November 26, 2021      12.05 PM

Please download and import the following iCalendar (.ics) files to your calendar system. Weekly : https://us02web.zoom.us/meeting/tZwrfu-sqjMuHNNqPanXBaDM1Amx8mbhtLGq/ics?icsToken=98tyKuGgqDIsHtCdtB-ARpw-BIr4M-jwiFxbgo1zjS_kDRhxYyfbZ8NPKupyEtDE

The Real Estate Market in Thailand during Covid   

Speaker : James Pitchon
12th November, 2021

 
Our guest speaker James Pitchon is well known to quite a few of our members as he has been a speaker a couple of times before. Also, he has been actively involved with our Clean Water Drinking Systems projects while he was working with CB Richard Ellis ( CBRE ) and now as a private sponsor.

He started by saying that although he ran the CBRE research team for several he certainly did not see the pandemic coming so that says a lot about his ability to predict future trends in real estate. Hence whatever he says today must be taken with a pinch of salt !

He talked of "index of pain" or which property sector has suffered the most. at the top is the hotel sector. The second worst affected is the retail sector. Residential sector has had mixed results which is sometimes quite illogical and confusing. The only real winner has been warehousing which was already doing reasonably well with the growth of e-commerce which has been turbo-charged with stay at home shopping.  

Talking of hotels he said it is quite surprising how few hotels that have been sold. Infact in the last 2 years less number of hotels have been sold compared to the previous 2 years. Possibly because banks have been providing working capital and have not been calling in the loans. Going forward, he is amazed at the continuous construction of new hotels and he estimates this to be around 6,000 rooms to be completed over the next couple of years and new hotels are still being planned. 

As for the retail store, all stores have been losing revenue. Even 7/11 has not seen growth in revenue.

In the office sector, a lot depends on how the work culture will emerge. Work from home, work from office or a hybrid system. Most likely the hybrid system will be the norm with people working certain number of days from the office and balance days from home. Bangkok office market has 9.50 million sq meters currently under supply and another million sq. meters under construction for completion by 2024. Compared to the economic crash in 1997, the current situation in this sector is not as bad as it was then. However a point to note is that 70 pct office space in Bangkok is over 20 years old. 
Expect to see downward pressure on rent. 

In the single detached housing sector, there were 50,000 new completions in 2019, 48,000 in 2020 and 24,000 in first half of 2021. So there has been no significant drop in this sector. In the western world there has been a move away from town center towards the outskirts for a bigger house after 2 years of living in a downtown apartment.

In Bangkok there has been a drop in the construction of condominiums over the last 2 years. The inventory of unsold newly built and under construction condominiums is around 100,000 units. There are deals available for unsold units in some buildings which were completed 2 years back and remain unsold. The second-hand market remains illiquid as sellers are unwilling to discount prices. Of course the odd deal is still available when a seller becomes desperate to sell. The 3 D's - death , debt or divorce - are the reasons which accelerate the need for a sale. Such bargains are few and far between.

The industrial property market has been very slow. This sector is critical for Thai economy. Travel restrictions and reduction in FDI in this sector has adversely affected this sector. 

Modern logistics which includes warehousing is probably the most attractive property investment sector around the world.
Going forward this is an area where Thailand will continue to grow as e-commerce grows. It is a continuously evolving sector. 

In summary, the pandemic has had quite a bad effect on the property market. Going forward we must remember China which accounts for one-third of this sector will not be there. Furthermore, new hotel constructions continue hence the market will be very tough. Although Thailand has begun to open the tourism sector, it is going to be a long, long haul on the road to recovery. 


Reported by Rtn Rakesh Sodhia

DEJÀ VOUS… IS IT YOU?

 Guest Speaker James Pitchon
PP Mark Butters introducing our speaker
Vote of Thanks given by Rtn Varin Sachayan
IPP David Record explaining Rotary Action Group
For more information check out : actiongroups@rotary.org
Secretary Yannick Thevenot giving summary of minutes of October Board meeting
Rtn Moto Kakiuchi dialing in from Japan. Or is it Hawaii !
New faces watching the proceedings with interest
Rtn Lars Svensson and guest - Nils Helander
Rtn Joseph Scuderi and guest - Alex Cespedes
Sjoerd Verstege and Willem J. Adolfs from RC Bangkapi
President Elect 2022 - 23
Patrick Gauvain
Immediate Past President 
Pres. Finbarr O'Connor
President Nominee and Membership Director Rtn Aaron Henry
Vice President
Rtn Marcell Dubbelman
Vice President
Rtn Sanjeev Chowdhury
Secretary
Rtn Tony Kowatanawinta
Treasurer
Rtn David Ravenscroft
Service Projects
Rtn Nicolas Leloup
Fund Raising
Rtn John Fotiadis
Rotary Foundation
PP Christoph Leonhard
Communications
Rtn Matthew Nekvapil
Administration
Rtn Ragil Ratnam
SAA
Rtn Tee Chayakul
Remembrance Day Ceremony
11th November, 2021
Rotarians Ron Livingston, PE Patrick Gauvain, President Finbarr O'Connor, IPP David Record and Sanjeev Chowdhury post together at the Canadian Ambassador's residence on November 11 at Remembrance Day Ceremony. President Finbarr laid a wreath on behlaf of RCBS members at the event.

HOT OFF THE PRESS…. RCBS 2021 YEARBOOK..!
 
Fellow Rotarians, please be advised that the Yearbook is now printed and available at the Roadhouse BBQ or The Rotary Office should you be in the area. Please check with Khun Khob as she is currently working from home and not regularly in the office. You can still access the digital version by clicking on the link below (140MB) to download and enjoy!
 
     CLUB CALENDAR
Friday 26 November : 
TBD

Friday 03 December :
In - Person Meeting at Crowne Hotel, Fellowship Program

Friday 10 December : 
Fellowship Lunch at Indus on Sukhumvit 26


Friday 17 December : 
In - Person Meeting at Crowne       
Hotel, Program to be advised


Thursday 23 December : 
Christmas Dinner at PP Nick's
Residence at 06.30 pm. More
details to be provided


Friday 24 December : 
No Lunch Meeting owing to           
Christmas Holiday


Firday 31 December : 
No Lunch Meeting owing to
New Year
           Friday 07 January :  
           In - Person Meeting at Crowne
           Hotel  "Annual New Year
           Predictions" Presenters/MC to
           be advised


           Friday 14 January : 
           In - Person Meeting at Crowne
           Hotel, Program to be advised


           Friday 21 January :
           In - Person Meeting at Crowne
           Hotel, Program to be advised


           Friday 28 January : 
           In - Person Meeting at Crowne
           Hotel, Program to be advised


           Thursday 10 February :
           Paul Harris Fellow's Dinner at
           Pacific Club. More details to
           follow

         (Postponed until Further Notice)
           60th Year Anniversary Dinner   
           More details to be provided.
       
ROTARY CLUB OF PATTAYA

Chartered in 1972
Meets first and third Monday of each month at Royal Cliff Beach Resort. 
Fellowship from 18.30 pm and meeting starts
at 19.15 pm. 
Contact: 
089-911-1199
Facebook group: Rotary Club of Pattaya (Thailand)
News Link: 
http://pattayapeople.com/2019/10/30/rotary-club-of-pattaya/
Rotary Thailand E-Magazine (English Version)
 
July - August 2021
Online reading : https://issuu.com/rotarycentre/docs/july-august_2021
For off line reading (Download) : http://www.rotarythailand.org/mag/ 
 

Governor's Monthly Magazine : September 2021
For online reading : 
  https://issuu.com/pprint2012/docs/governor_s_monthly_letter_september_0ee3ae7598a7d7
For more information about the best Irish Pub in town click below:
https://www.youtube.com/channel/UCl1F1OQlAgqBkbkVEq_wm7g
Khun Khob’s Club Almanac #2863
19 November, 2021
Happy Birthday : 
PP Per Dibber

Wedding Anniversary Greetings :
PP Ole Madsen

November 21


November 24

Attendance for 5 November 2021 : 61% (Zoom) Active Logged-in 38, Exemption Logged-in 10, Make-Ups 17, Absent 40, Total 105

Visiting Rotarians:
Local Club

Sjoerd Verstege         
Willem J. Adolfs                   


Abroad
None
                         
Guest(s):
Alex Cespedes     
​Nils Helander             
                     


RC Bangkapi
RC Bangkapi





Joseph Scuderi
​Lars Svensson
Recent Makeups:
Membership, 3 November 2021: PE Patrick Gauvain (Chair), Aaron Henry,
IPP David Record, PP Doug Riach, PP Krin Charnmaytesakul, Manu Mekdhanasarn, PP Mark Butters, Mark Wolf, PP Nigel Hardy, Rui Belo, PP Tim Cornwall,
Tony Kowatanawinta, PP Vichai Tantrativud


Service Projects, 8 November 2021 : Sanjeev Chowdhury (Chair), Adrian Topham, David Ravenscroft, PP Dougie Riach, Joe Scuderi, Marcel Dubbelman, Mark Wolf, Marco Casanova, Steve Wilson

RC Bangkapi Installation, 9 November 2021 : Adrian Topham, Arie Bloed,
PP Dougie Riach, PP Peter - Michael Schuster


RC E-Club One, 9 November 2021 : Tom Banker

Program, 9 November 2021 : Ragil Ratnam (Chair), PP Krin Charnmaytesakul,
PP Mark Butters, Mark Wolf, PP Narain Suradejvibul, PP Nick Pisalyaput,
Ola Holmgren, PE Patrick Gauvain, Prasobsook Thawilvejjakul, Rick Smith

 
RC Copehhagen, Denmark, 10 November 2021 : Poul Weber

TRF, 10 November 2021 : PP Christoph Leonhard (Chair), Manu Mekdhanasarn,
PP Nick Pisalyaput, PP Ole Madsen, PP Per Dibber, Rod Vergara, Rui Belo,
PP Vichai Tantrativud

 
Membership Opportunity, 10 November 2021 : P Finbarr O’Connor, Lars Svensson, PE Patrick Gauvain
The Crowne Plaza Bangkok Lumpini Park Hotel,
952 Rama IV Road, Bangkok 10500 Thailand

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