Phuket’s property market is recovering from the Global Financial Crisis but has yet to bounce back to the boom levels of 2007, a recent report from Colliers Thailand has found. The report made not of the distinction between inland areas of Phuket, which contain the vast majority of units, and…Continue reading
Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and…Continue reading
Luxury properties with a sea frontage on the Thai island of Phuket were the best performing properties, according to the latest real estate market overview. The Residential Market View quarter three 2010 report from CB Richard Ellis shows that there was a continued recovery in tourism arrivals and the consultants…Continue reading
The director of the Phuket Land Office in Thailand has implored local people not to sell their land to non-islanders. According to local media reports, director Paitoon Lertkrai made his comments outside a Ministry of the Interior seminar at the Royal Phuket City Hotel at the end of December. ”I…Continue reading
Real estate sales to foreigners in Phuket are expected to grow 25 per cent this year to 5 billion baht, according to property development firm Seacon. Nevertheless, sales are likely to remain at least 50 per cent lower than during the boom years of 2006 and 2007, when foreign sales…Continue reading
The Phuket and Koh Samui high-end property markets will enjoy continuous foreign investment in the coming years, says Warnes Associates Co, a local structural engineering design consultancy. Vanich Nopnirapath, the company’s director and a partner, said that even though the residential supply on both holiday islands was now abundant, foreign…Continue reading
The project site known as “The Cove Krabi” has been put up for sale and placed on the market by the directors of the Asian Tropical Homes Group (ATH). The site occupies some 73 hectares of prime development land in the Had Yao Beach area of Krabi Province and boasts…Continue reading
Phuket’s residential property market should continue to improve in line with the global economic recovery given no new political turmoil, according to new research from Knight Frank Thailand. The company believes that political stability will reinforce consumer confidence, not only for Phuket but for Thailand as a whole. Managing director…Continue reading
One of things I enjoy most about Phuket is seeing the brightly coloured fishing boats setting out to sea on their nightly fishing trip. Some nights, when the sea is calm, there are hundreds of coloured lights flickering on the horizon. As morning arrives there’s a hustle and bustle on…Continue reading
Proving that there is still life in the Phuket property market, well known resort group, Absolute, have launched their latest branded resort – Absolute Twin Sands Resort and Spa, overlooking Tri Trang Beach, Patong. Investing over 750m Baht into the project, Twin Sands Managing Director, Darren Judges, feels they’ve hit…Continue reading