- Thai Life
Should you pay more for a sea view?
While Phuket is an island, most property buyers are led to believe that sea views or proximity to the ocean are a key driver of real estate value. Fact or fiction? According to data from leading online marketplace FazWaz.com the answer lays inside the numbers. Looking at Phuket’s primary and secondary condominium sector and analysing pricing points from the ocean…
- News
Phuket Waterworld – New ‘off beach’ condo for Bang Tao
A new 555-unit hotel managed residence project named Phuket Waterworld is now offering apartments for sale. Located ‘off beach’, near to Casuarina Shores and the Outrigger Laguna Beach Resort, the project is being developed by the New Nordic Group. Phase one units range for studios from 26 square metres, one bedroom apartments and two bedrooms up to 104 square metres.…
- Property
Sell now or sell later?
Property insights from Bill Barnett of c9hotelworks.com One of the most common mistakes by property developers in hot markets or with premium properties is the misconception that a fast sell-out is good. It’s often hard for real estate sales people whose mantra follow’s the ABC’s (always be closing) to understand the big picture, or more importantly the bottom line. Property…
- News
Urban push is on in Phuket’s Cherngtalay area
Phuket tourism is no longer just about the beach and the urban push is ‘game on’. One leading example is Cherngtalay which is near to the destination resort Laguna Phuket and Bangtao Beach. Upcoming in the fourth quarter of this year will be the X2 Vibe Bangtao that is set to usher in a rush of new ‘off beach’ properties. Within…
- Travel
Krabi – Number One for growth on Trip Advisor
Krabi Town has ranked Number One for growth in year-on-year search results for Thai holiday destinations on TripAdvisor. According to TripAdvisor, searches rose 41% compared to the same time last year. The rising number of flights heading to the coastal town is being attributed as the main reason the growth has been so high over the past 12 months. To read…
- Property
From Russia with Love. Russian buyers on the rebound.
From Russia with Love might is a James Bond 007 thriller but it has also been a mantra for island developers as the past nine months has seen a strong uptick in demand in Phuket real estate by Russian buyers. According to the recently released Phuket Russian Tourism Market report, over 51% of Russian travelers to Thailand come to Phuket.…
- Business News
Sports events leading the way in MICE
Sporting events are a key catalyst for Phuket’s MICE (meetings, incentives, conferencing, exhibitions) demand, with the industry valued at THB 5.74 billion. C9 Hotelworks has released their new Phuket MICE Tourism Market Update (c9hotelworks.com). With Thailand being ranked as the top MICE destination among ASEAN countries in 2016, Phuket is one of the major contributors with a total of 202,555 visitors.…
- News
Upgraded flights from Doha to Krabi.
Qatar Airways is upping flights from Doha to Krabi to a daily basis starting December 1st. The increase in service is a response to strong demand for the destination. Currently Qatar operates twice-daily flights to Phuket from Doha and the service taps into the airlines considerable European network. Last year passenger arrivals at Krabi International Airport hit a record high exceeding…
- News
Phuket Report Card August 2017
Story from c9hotelworks.com Phuket’s Provincial government is undertaking a large-scale initiative to tackle the problem of unlicensed hotels. Since the campaign started, a total of 1,007 hotels have now applied for official operating licenses with just six approved to date. The main challenges for the process are the strict regulations associated with the Building Control and Hotel Acts. Provincial Hall…
- Business News
Property Lawyer Matthew McEvily Passes Away
Well-known longtime Phuket real estate lawyer Matthew McEvily passed away in the United States on June 20th. He was 59 years old. McEvily was actively involved in the real estate sector in Phuket, Bangkok and Samui. For a number of years he was a a partner in McEvily & Collins law firm, and later on his own under McEvily and…
- Thailand News
Phuket hotel registration remains a challenge
Phuket is attracting an ever-increasing number of international visitors to our golden beaches and turquoise seas. But many of the millions of travellers who visit Phuket each year could be staying in unlicensed – and effectively illegal – hotels. According to a new report by hospitality consulting group C9 Hotelworks, less than a quarter of hotels in Phuket (429 out…
- Property
Malaysia considers restricting foreign property purchases
A hot topic over the past month has been the Malaysian government’s review and possible increase of the set minimum of investment in property by foreign buyers.Currently the level for the most part is RM1 million (approximately USD225,000), The trigger of the issue has been the weakening Malaysian currency, the ringgit, which has been on the slide for a continued…
