Connect with us


Phuket Governor predicts investment boom in 2012

Legacy Phuket Gazette



PHUKET: The new year is shaping up to be a golden one for investment and tourism in Phuket, says Phuket Governor Tri Augkaradacha.

In an exclusive interview with the Phuket Gazette, Gov Tri said the island’s continued attractiveness to foreign investors could see growth figures for 2012 surpass those of 2011.

“Thai and foreign investors are continuously coming to invest in Phuket, especially foreign investors who want to put their money into hotels, resorts and the tourism industry in general,” he said.

“Foreign investors typically don’t buy land or start construction. They usually buy an existing property in order to avoid lengthy legal and documentation processes,” he said.

Chief among these is the thorny issue of land ownership.

“We have many cases in which land title deeds were issued illegally. Investors are aware of this issue. They have to check land ownership documents carefully before making the decision to invest,” said Governor Tri.

Department of Special Investigation (DSI) officers who came to Phuket last year to probe suspect land title deeds unearthed a number of irregularities, he said.

“I have heard that the DSI and Office of Public Sector Anti-Corruption Commission (PACC) came to Phuket to inspect land title deeds on plots at Kamala Beach and Freedom Beach,” said Governor Tri.

“They found more than 10 plots for which title deeds had not been legally issued. Those deeds will all be revoked,” he said.

Developments like this should increase confidence among potential foreign investors, he said.

The typical foreign investor is from Russia, Scandinavia or the Middle East and invests from 150 million to 200mn baht to acquire a hotel property with 150 rooms or more. They often improve resort properties and sell them on to other foreigners, he said.

The current government sees the importance of Phuket as an economic growth area and intends to invest substantially in several big development projects planned for the island, he said.

“The government has sent advisers from the Prime Minister’s Office as well as an economic advisory team to collect information on development projects in Phuket. These include the Phuket International Convention and Exhibition Center, the light rail train project and the Patong Tunnel project,” he said.

“Since the government is showing a real interest in these projects, I think they will be approved without too much difficulty,” he added.

— Warisa Temram


Want more Thailand news from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Tourism34 mins ago

US Warns its citizens against traveling to Thailand

Coronavirus (Covid-19)41 mins ago

Embassy of France in Thailand starts vaccine campaign for French nationals ages 55+

Road deaths1 hour ago

Driver killed after truck crashes from bridge, explodes in Hat Yai

Phuket Sandbox July 1st


Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Bangkok2 hours ago

Bangkok public hospitals run low on beds for Covid-19 patients in critical condition

Coronavirus (Covid-19)2 hours ago

Lao woman rejected while trying to register for Covid-19 vaccine

Hong Kong3 hours ago

First person charged under Hong Kong security law goes to trial – without a jury

Coronavirus (Covid-19)3 hours ago

Medical researchers look into combining vaccines to beat Delta variant

Coronavirus (Covid-19)4 hours ago

Wednesday Covid Update: 3,174 new cases and 51 deaths

Coronavirus (Covid-19)4 hours ago

Restrictions eased in yellow zones

Phuket4 hours ago

It’s happening: Phuket sandbox approved by Cabinet

Thailand19 hours ago

Thailand News Today | AoT warns about tourist exuberance, easing of restrictions | June 22

Coronavirus (Covid-19)19 hours ago

CCSA: Bars to stay closed for now, drunk customers risk the spread of Covid-19

Bangkok20 hours ago

Woman dies after jumping from Phra Khanong BTS station in Bangkok

Coronavirus (Covid-19)20 hours ago

263 covid cases linked to canned seafood factory in Songkhla

Drugs21 hours ago

Narcotics Control Board announce recent drug busts, heroin and cocaine sent by mail

Thailand4 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism4 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket4 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand6 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8