Condo or resort? Inside PEYLAA, the upcoming Phuket project that promises to let you live the moment
Life in Phuket feels like a perpetual holiday. Time seems to slow down, nature becomes a part of your daily rhythm, and the ordinary becomes anything but mundane. Simple pleasures, like sipping coffee on your balcony or taking an evening stroll along the beach, become...
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Centara signs three new Krabi properties
PHUKET: Centara Hotels & Resorts is set to greatly expand its presence in the Southern Thailand province of Krabi following the signing of management contracts for three new properties within the same master development in Klong Muang, Krabi.The properties are Centara Pelican Bay Resort & Spa Krabi, Centara Pelican Bay Residence & Suites Krabi, and …
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Phuket Property Watch: Sitting on the outside looking in
PHUKET: Exclusive or inclusive? For the hospitality industry, the burning question about all-inclusive resorts is becoming a hot global topic once again. You need to go back no further than the dawn of the global financial crisis and the surge in the consumer class to test the theory of value added sales propositions. If you …
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Phuket Property: Green Walls – It’s alive!
PHUKET: Last November, an energetic Chilean man came into the Phuket Gazette offices to pitch his vision and innovation – a simple yet potentially revolutionary solution for Phuket’s increasingly congested, polluted and unappealing urban spaces. Ignacio Espoz Babul, director of Santiago-based LatinGreen – a patent holder, innovator and installer of “Green” walls, roofs and buildings …
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Phuket Property: Building materials index “unrealistic’
PHUKET: Provincial authorities seek a revision to the central price index for construction materials, pointing to outdated and inaccurate value estimations for building supplies imported to the island. Meanwhile, the Revenue Department reported collecting 9.6 billion baht in tax revenue in Phuket in 2013, exceeding their target by 5%.The economic issues headlined the agenda at …
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Consultant says gray out, green in for Phuket’s real estate boom in 2014 and beyond
PHUKET: Back in November, an energetic Chilean man paid a visit to the Phuket Gazette offices. Identifying himself as Ignacio Espoz Babul, the Director of (Santiago-based) LatinGreen – a patent holder, innovator and installer of “Green Walls” – the man passionately talked of a coming “Green Revolution” that he had envisioned for Phuket and the …
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Phuket Property: Laguna park condominiums launched
PHUKET: Laguna Park Condominiums, the latest development by Laguna Property, was launched as the final component of the Laguna Park master plan’s first phase.The condominiums follow the recent and successful introduction of townhomes and villas to the project’s plan. “With the Laguna Park condominiums, we are targeting single residents and young couples with the appeal …
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Outlook bright for Dubai property expo
PHUKET: The 10th International Property Show (IPS), which will coincide with the Annual Investment Meeting 2014, from April 8-10 in the Dubai International Convention and Exhibition Center, will attract 300 companies from 80 countries. The Phuket Gazette and PGTV are proud media sponsors of the exhibition, which this year will be the biggest edition since …
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Property Watch: So near and yet so far
PHUKET: Asia’s resort property scene is not unlike any other industry, in that it’s always on the lookout for the next big thing. What do they say about the key to success – location location location. Is that one or three? Perhaps there is just an echo in the room or the snoring of an …
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Living in Patong has its privileges
PHUKET: With the lasting development boom in Phuket, one might find it difficult to keep track of all the new condominiums and villa projects appearing on the island’s map. That’s why Karn Jiratuntathorn, the owner of the Privilege residences in Patong is aiming for something different. “My project is not the same as others. There …
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Enjoying the fruit of Thai land
PHUKET: In the last Property Legal column (published in print on November 30 and online December 3, story here), Phuket’s International Law Office (ILO) touched on the topic of usufruct agreements, a lesser known form of property contract that could be a considerable option for those looking to secure interests in Thai property; particularly foreigners …
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Tesco Extra officially open in Phuket
PHUKET: Tesco Lotus recently held the official grand opening for its first “Extra” format store in Phuket. The rebranding and re-opening of the shopping center, its main Phuket store located off the bypass road in Sam Kong, follows an extensive renovation project undertaken in the final quarter of 2013. The development also complements the grand …
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Phuket Property Watch: Walking in the shadows of dinosaurs
PHUKET: With New Year’s celebrations mostly behind us now, the question everyone has is what’s in store for fourteen? My biggest challenge each and every successive drum roll of another 365 (or 366 in the case of leap years) is to remember to change the date on whatever I’m writing at the time. Typically things …
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Phuket Property Watch – Not such a long way from home
PHUKET: It’s that time of year again – Christmas. And while Phuket’s idea of a whiteout is sand swept beaches, I find it hard not to get into a sentimental mood as soon as the calendar rolls around to the twelfth month of the year. Somehow the pace quickens in December, year in and year …
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Phuket Property Watch: A case of tech-induced nostalgia
PHUKET: It’s festive time in the US, which is where I am, hacking out this column caught in the joys of the holiday season. Or perhaps not. Having spent three days here since taking the great plane trip over the ocean, my mind calculates the time-line as some thirty-eight hours. But who’s counting? The short …
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Phuket Property: Centara anticipates tougher times ahead
PHUKET: The insight, influence and impact that the Bangkok-headquartered Central Group employs and exerts across nearly every sector in Phuket is undeniable. The group’s interests encompass retail, infrastructure, construction, real estate, and especially hospitality – through its flagship hotel chain Centara Hotels and Resorts (CHR). The Gazette recently caught up with CHR Senior Vice President …
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Boutique or bust – Phuket Prop Watch
PHUKET: Obsession is quite a long word – with its three little Ss that sort of roll off the keys with winding twists and turns. Nothing is as it appears, nor is there a straightaway to pull away from the pack. When it comes to design hotels, these enigmatic properties just love to live the …
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Phuket Town’s Thavorn Grand Plaza Hotel acquired by Accor Group
PHUKET: Some good news for the property market in the heart of Phuket Town: the old Thavorn Grand Plaza Hotel has been acquired by an owner affiliated with the Accor Group of hotels and is now undergoing a complete renovation for a scheduled rebranding under one of that group’s many hotel chains. Work at the …
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An invitation to Sleep With Me
PHUKET: A newcomer to the island’s hotel industry, “SLEEP WITH ME Design Hotel @ Patong” is comprised of 258 guest and suite rooms, overlooking the high-rises of Patong Bay. Located in the heart of Patong, close to Jungceylon Shopping Center, “Bangla Road” walking street and only a three minute walk to the beach, the hotel …
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The ins and outs of usufruct – Phuket Property Legal
PHUKET: The right of usufruct is rarely used and often overlooked when it comes to securing one´s interest in immovable property. Usually, lease rights are registered against the property – providing use and possession rights for the benefit of the beneficiary until the lease is terminated or expired. The right of usufruct, which is a …
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Construction: Thai Watsadu Phuket now open for business
PHUKET: Numbered are the days of expensive and overpriced construction, home improvement, furnishing, landscaping and gardening materials in Phuket: The Central Retail Group have officially opened the doors of their Thai Watsadu store on Thepkrasattri Road in Thalang, just north of the Heroines Monument. Phuket Governor Maitree Inthusut presided over the ribbon cutting this morning, …
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Merry in the Maldives – Phuket Property Watch
PHUKET: I’ve spent more years than I can recall hovering around sea level. Visualize Robinson Crusoe walking around a desert island, umbrella in hand and deep in conversation with a coconut named Friday. A week ago I found myself on a small atoll about 45 minutes north of Malé, the capital city of the idyllic …
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AMCHAM real estate event
PHUKET: Tomorrow (Friday November 22) the American Chamber of Commerce Thailand (AMCHAM) will hold a real estate event at Angsana Laguna Phuket. Topics covered will include the trend in leasehold ownership, regulating real estate agencies in Thailand, big development news in Phuket real estate and current property tends. Shine PR’s, Natasha Eldred will moderate the …
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Phuket hotelier seeks help to give kids a break
PHUKET: They say “what you give is what you get”. But Simon Luttrell, a Phuket-based hotel owner wants to take it one step further. His goal is to give to people who have very little and expect nothing in return. It was 2005 when Simon built his first hotel in Phuket – a small building …
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Diamond condo sparkles – Phuket Property
PHUKET: Diamond Condominium, the latest project to be developed in Phuket’s high-end Bang Tao Beach area, is located just 400 meters from the beach, and minutes from the Laguna resort complex. The six rai (9,600sqm) property will contain four separate buildings surrounding a central swimming pool and landscaped community recreation area. In all, the four …
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Commercial real estate thrives – Phuket Property Watch
PHUKET: Direct investment volumes in global real estate markets reached US$125 billion in the third quarter (Q3) of the year, preliminary findings by real estate capital solutions firm, Jones Lang LaSalle (JLL) show. Preliminary transaction volumes in the first three quarters of 2013 are up 16% over the same time period in 2012, according to …
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Due diligence on outstanding tax – Phuket Property Legal
PHUKET: When land and/or buildings are held by a Thai company, many owners of such companies, when contemplating a sale of the company owned property, require prospective purchasers to buy and take over their existing company in lieu of a direct sale and transfer of the underlying properties. In many cases, such companies have a …
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Bumper to bumper in Myanmar – Phuket Property Watch
PHUKET: There is nothing quite like raw, naked ambition. Well not exactly, but that’s perhaps best left for another time and place. Last week I found myself straight in the middle of boomtown – Yangon, Myanmar. Stopping off as I usually do for an afternoon coffee at the historically-twinged Strand Hotel, the smiling waiter pulled …
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Building for sustainability – Phuket property
PHUKET: The earth possesses a finite amount of natural resources – ores, timber, oils, for example – but our demand for those resources is growing exponentially. It is time we start looking at serious alternatives to help reduce the amount of waste we produce in our quest for ever more buildings. It doesn’t take a …
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Phuket Property Watch: Lost in Chiang Mai
PHUKET: I’ve always had an aversion to things that go bump in the night, but as our Thai Smile jet ramps up to 33,000 feet, an extended period of turbulence has left my forehead battered, but not bruised. Yes, the flight attendants shock orange uniforms put me into a Halloween mood, yet they move about …
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Royal Phuket Marina taps into rental market
PHUKET: Royal Phuket Marina (RPM) plunged into the island’s property rental market, releasing scores of luxury apartments for rent since the beginning of this year. There are almost 100 units in the RPM complex, and of these 40 units are available for rental, though currently only 20 per cent remain vacant. Formerly RPM was focused …
