Published on 28 April, 2010
|BMAM Expo Asia 2010 is scheduled at IMPACT Exhibition and Convention Centre from 15-17 September, 2010|
Thailand's IMPACT Exhibition Management Co Ltd in collaboration with Singapore's CMC Exhibition Services Pte Ltd organised an industry briefing for exhibitors, as well as companies and organisations interested in participating in The Building Maintenance and Asset Management Expo Asia 2010 (BMAM Expo Asia 2010) at Conrad Hotel.
The briefing was aimed at providing a platform for attending industry players to share and exchange views on the market opportunities, industry trends and challenges facing the building maintenance and facility management industries in time of present economic rebound. The briefing also provided an update on the progress of BMAM Expo Asia 2010 international exhibition and conference scheduled to take place at IMPACT Exhibition and Convention Centre from 15-17 September, 2010.
Companies attending the briefing also took the opportunity to book their exhibiting booths at BMAM Expo Asia 2010 as there is only 20% of exhibiting space left.
Companies attending the briefing also took the opportunity to book their exhibiting booths at BMAM Expo Asia 2010 as there is only 20% of exhibiting space left
One of the keynote speakers at the briefing session was Ms Suphin Mechuchep, Managing Director of Jones Lang LaSalle Thailand - the largest international property services firm in Thailand. A well-known industry player who is involved in the industry for over 18 years, Ms Suphin Mechuchep gave an overview on the trends of Thailand's property and facility management industry. She told a packed audience that demand for property management services in Thailand is rising due to increased supply in the market and building awareness among owners, investors and property funds. Thailand is now a major market for property management services. There are currently 421 offices and 495 condominium buildings in central Bangkok alone, compared with 388 and 244 in 2000, respectively. The majority of condominium buildings are managed by third-party property management firms but only about 30% of office buildings are managed by service providers. Ms Suphin Mechuchep said more property owners are increasingly likely to outsource property management.
The area of properties under her company's management had risen to more than 3.5 million square metres at present, up from 2.3 million in 2008. The growing number of property funds is another factor pushing up the demand for professional property management to minimise risk and increase transparency and returns for shareholders. "Many property owners now realise that developing a property is one specialty, while managing that asset is another, Property management is more than just housekeeping and security work. The business now requires more sophisticated technical and engineering support to match the evolution of building design,"
she said.As the main conference sponsor, Jones Lang LaSalle will play a key contributing role in leading a series of highly interactive industry discussions and exchange on trends, issues, technology and methodology that will be attended by key engineering decision makers, maintenance professionals, building and facility owners from across Asia.