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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Phuket’s ACE condo holds all the cards
PHUKET: ACE condominium, a nine storey building planned on Pang-meangsai Kor Road in Patong, on Phuket’s west coast, aims to attract people seeking an independent, fast-paced and fun, urban lifestyle. Deputy Managing Director of Patong Centre Co Ltd, Ms Alisa Likitittiruks,stated that the company expects to sell as much as 80-90 per cent of the …
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Phuket Property: A fine finish for your pool
PHUKET: Currently expanding their operation in Phuket, Pebble Pools is leading the charge to bring an innovative and superior swimming pool surfacing product to the Thailand Market. Trained and certified by market-leading American company Pebble Technology Inc, Pebble Pools’ staff are able to surface any pool in Thailand with a patented, fine aggregate pebble finish …
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Phuket Property: Best of the best 2013
PHUKET: Thailand’s real estate industry came together on Thursday, September 19 to acknowledge the best of the best at the 2013 Thailand Property Awards tand awards presentation ceremony held at the Centara Grand & Bangkok Convention Center at CentralWorld. In total, 33 awards were on offer, including regional awards for best condominiums and villa developments …
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Phuket Property: Local retail sector booming
PHUKET: Our paradise island has been famed (and defamed) the world over for its many “s” attractions (and distractions) – sea, sun, sand, surf, sailing and sport… among others. Nowadays, the island is increasingly associated with one more “s”: shopping. Although residential projects – condos, housing subdivisions, hotels and luxury villas – continue to make …
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New hotel chain born in Phuket
PHUKET: A new globally focused hotel chain, Bugatti, is using Phuket as a platform for widespread expansion. While here in Phuket development is already underway on the east coast of the island, and on nearby Phi Phi Island, overseas plans call for branded properties in Bali, Myanmar and the Bahamas. By no means is this …
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Laguna Park project unveiled
PHUKET: Project plans and fully-furnished show units of the island’s latest middle-upper income residential project, Laguna Park, were previewed this morning at the project’s sales office. Developed by Laguna Property, part of the Laguna Resorts and Hotels and the Banyan Tree Group, the project will be the island’s largest residential community, comprising up to 2,000 …
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A bright horizon – Phuket Property
PHUKET: Southeast Asia continues to see upbeat investment sentiment with Thailand seeing real estate owners inject assets into property funds while overall commercial real estate transaction volume in Asia Pacific declined by 11% q-o-q to US$19.2 billion after an unusually strong Q1 2013. The market remained active and the quarterly total was in line with …
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Samui’s tender trap – Phuket Property Watch
PHUKET: Everywhere you turn these days, tourism talk inevitably winds up on the subject of the mass market. It’s not unlike barreling down a dead-end street on a supercharged, high-speed bulldozer. There is no such thing as a damage control button to push. Yes, there will be collateral damage. Meanwhile back on the broader Thailand …
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Still fond of Phuket: Poll
PHUKET: The island fell one spot to 3rd in the Top 10 Holiday Destinations in Asia list of this year’s “Smart Travel Asia Awards”, which was based on an Internet travellers’ choice poll that ran from May to July. Although Bali narrowly edged Phuket, just like last year, the Indonesian leisure hub didn’t have highest …
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Passing on your condo – Phuket Property Legal
PHUKET: Pursuant to the current Condominium Act of Thailand, and per the common practices used at the Thai land offices, the transfer of ownership of your freehold condominium unit to your spouse or children, in whole or in part, can pose a problem to those who wish to make such a transfer. Section 19 of …
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Phuket Town to hit new heights: condominium
PHUKET: Local developer Phanason has broken ground on its next “city-living” project – the Height Condominium, an eye-catching medium-rise development in Phuket Town. The 15-storey project is sure to attract wide interest among buyers and speculators in the city’s ever-fluid, yet lucrative residential real estate market. Elaborating on the project’s concept, Phanason marketing manager, Cheurchan …
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Condo commercial compliance
PHUKET: There are a number of condominium developments in Phuket where commercial entities do business, be it a travel agency, rental agency, spa or restaurant. Although such businesses may benefit the owners, juristic persons should make sure that commercial use of space in residential condominiums is compliant with the Condominium Act. Compliance with the building …
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Savitri plans Phuket hotel
PHUKET: Savitri Ramyarupa, managing director of Chatrium Hotels and Residences, shared her vision and plans for the next three years. She said she is planning to add two more properties in Bangkok and Phuket, along with expanding an existing property in Yangon, Myanmar. This is an attempt to cash in on the expected influx of …
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Blame it on the rain – Phuket Property Watch
PHUKET: I was channel surfing the other night when the Hollywood classic “Singin’ in the Rain” came up on screen. Settling deep into my comfy TV chair as my dog Koko lay nearby chasing dream rabbits across imaginary landscapes, things came to an all-too-sudden and conclusive end. Lightning struck near to the house and within …
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Kamala to get Hyatt Regency
PHUKET: Hyatt Hotels Corporation announced last week that a Hyatt affiliate has entered into a management agreement with Kamala Bay Ventures Co Ltd for a Hyatt Regency branded resort in the Kamala area. The hotel will be the first Hyatt-branded resort to open in Phuket, one of Southeast Asia’s premier resort destinations. Expected to open …
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A new lease on island life – Phuket Property
PHUKET: When is leasehold more valuable than freehold?: “In over 35 years in the property industry in the United Kingdom, Hong Kong, Thailand, and having worked in many Asian countries, I would have said until very recently, never. “However, I have to acknowledge that with the arrival of some excellent leasehold properties, the Thai property …
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Thai realtors prepare for Asean integration
PHUKET: The Real Estate Sales and Marketing Association of Thailand (RESAM) and the National Association of Realtors (NAR), a leading global real estate association, joined forces recently to host a networking event in Phuket. The international real estate business network event, called Thailand CIPS (certified international property specialist) 2013 was an education and work program …
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Phuket Property: To raise one’s roof or not to
PHUKET: I am often asked how much one should spend on a primary residence, and while this is an area open for debate, my answer usually surprises people. I have always been baffled by arguments about mortgage interest being tax deductible and many other reasons to sink way too much into one’s primary residence. This …
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Phuket Property Watch: Things I hate about hotels
PHUKET: I have spent more nights in hotel rooms around the world than I could even start to remember. Barring a diary, an ankle-long list or a photographic memory, there are more than a few things that stick out, not unlike a Mohawk on a punk rocker or a toothpick out of a canape – …
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Phuket Property: Commercial real estate investment soars
PHUKET: Direct commercial real estate investment in the Asia Pacific region has exceeded market expectations in the first half of 2013, reaching US$59.7 billion, 21% up on the first half of 2012. According to the latest Jones Lang LaSalle capital markets research, transaction volumes in the region have also increased quarter on quarter, topping US$32.6 …
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Phuket Property: Green living condo town
PHUKET: Rising demand for residential properties in Phuket is being driven by both locals and tourists, evidenced in the rapid growth in both Phuket Town and beach-side areas. Sam Kong is a popular residential neighborhood where there are a number of property projects under construction, including both houses and condominiums. One such project, the Green …
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Phuket Property: Hideaway above Patong
PHUKET: A new luxury 5-star hotel concept by Avista, the Avista Hideaway Resort and Spa in Patong Bay is located on Patong Hill close to Tri Trang beach. The new hotel will build on the island’s reputation for high-end tourism and its strong economic base. The contemporary ultra-luxury property is set on a peaceful hill, …
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Phuket Property Legal: Ensuring land claims are legit
PHUKET: In the last three to four weeks, some changes occurred in the application process and consequently the approval of registration for companies to purchase land, long term land leases, usufruct, superficies and/or lifetime living rights for foreigners. Depending on which land office one is applying for registration of certain rights, the current handling of …
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Sea-view condo in the heart of Patong
PHUKET: Sansiri last week unveiled their latest Phuket medium-rise project – “THE DECK”, a brand-new condominium to be built in the heart of Patong, setting its sights on Phuket’s holiday home market.Speaking at the project’s media-launch event, Mr Uthai Uthaisangsuk, Senior Vice President for Business and Condominium Project Development, Sansiri PCL, revealed that: “THE DECK …
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Phuket Property Watch: Same old game – new players, rules
PHUKET: It’s been said that all that glitters is not gold and real estate is an example of the vast wealth that simple plots of dirt can conjure up. But bringing on the bling can certainly attract some of the more adventurous souls out there. Last week, an image of a Phuket property man’s life, …
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More ways to secure Thai land – Phuket Property
PHUKET: For those of you who read my article on obtaining Thai citizenship and aren’t going down that road, I promised to come back and write about the other ways of “buying” property in Thailand (click here for article). The fact is you can go right ahead and pay for land here, but the law …
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Furniture firm sets bar high in Phuket
PHUKET: Long standing property furnishing company, Modernform continues to raise the bar for local real estate, and is confident of hitting and maintaining its “beefy” monthly sales target of 8-10 million baht.With its 30-year track record in the industry, the Bangkok-based firm has several branches and dealers throughout the country, namely in Bangkok’s Central World, …
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Boom in budget hotels
PHUKET: The changing regional and domestic tourism landscape is creating a lot of business opportunities. More budget hotels are opening, with investors out to cash in on the rising number of middle-class and solo travellers, thanks to the tourism boom and economic prosperity.Most operators agree that this hotel segment has good prospects. Thailand is a …
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Preserving Phuket’s old streets
PHUKET: As sprawl and congestion take full-hold of our island, Phuket city municipality planners and engineers strive, yet struggle, to preserve the last remnants of urban historical heritage, yet continue to face a number of obstacles obstructing the way ahead. Indeed, the narrow streets in Phuket’s Old Town district are currently undergoing a drastic makeover. …
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“Business Landmark’ in the works on Bypass Rd
PHUKET: Keep your eyes on the look-out – Bypass Biz Town, currently under construction right smack along the middle of one of the island’s most lucrative roads, is poised to be Phuket’s latest and greatest “Business Landmark”.Building on previous successes, reputable developer Boat Development Co Ltd, is fulfilling a much-needed real estate niche with its …