From ICONSIAM to One Bangkok: Mentabuild, the consultancy firm behind Thailand’s most ambitious developments
If you’ve ever set foot in Bangkok and looked up at its towering skyline, there’s a good chance you’ve seen Mentabuild’s work, whether you realised it or not. Founded over 40 years ago, this construction consultancy firm has played a big role in shaping Thailand’s...
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Post-high-season autopsy on Phuket’s luxury property market
PHUKET: As I sit in my office on a faceless Saturday afternoon heading into low season, a song that flips up on Spotify grabs my attention – Ike and Tina Turner’s ‘River Deep, Mountain High’.My heart nearly skips a beat as Tina grittily sings the lines “And it gets stronger, in every way. And it …
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Dealing with the trash problem in Phuket
PHUKET: Hygiene and cleanliness are very personal, and judging by the aroma at the airport and on airplanes, often seem to be an optional affair. But living in our environment is a shared community exercise, and Phuket does suffer from the stresses and strains of tourism, as well as a lack of regard by certain …
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Marriott to launch new resort in Nai Yang
PHUKET: Marriott Hotels are launching the Phuket Marriott Resort and Spa, Nai Yang Beach, next month. Inspired by cultural and architectural characteristics of Thailand, the resort is located about a 10 minute drive from Phuket International Airport. It has 180 rooms and is designed as a combination of traditional Thai style and sophisticated, modern architecture, …
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Across the land: Dealing with water scarcity
PHUKET: Every April, the weather is blistering hot in Thailand, and it’s been no exception this year if not hotter. According to reports, it has not been as hot as this in Thailand for 65 years. Intense heat, attributed to the El Nino weather phenomenon, is causing a severe drought and water shortage throughout the …
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Airport completion fails again – this time mooted for December
PHUKET: Completion of construction work on the new international terminal at Phuket Airport has been pushed back to September, admits Airports of Thailand Plc President Nitinai Sirismatthakarn in an exclusive interview with the Phuket Gazette last week. Mr Nitinai was in Phuket to ‘assess progress’ with the new terminal but could not give a fixed …
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By The Book: Effective ways to sell your property
PHUKET: In our experience 15 per cent of sales will fail, become delayed, or end up incurring higher closing fees than necessary, due to sellers being unaware of the sales process, the documents required, and the options available to them. Before a buyer is found for your property and you begin negotiations, it is highly …
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Property Watch: The great balcony debate
PHUKET: Life on the edge is never easy, as Romeo and Juliet would have told you. One of my many (and growing) property nightmares is the great debate over condominium and hotel balconies. Is it really a balcony, terrace, veranda or even that exotically-tinged Hawaiian tropical lanai? Let’s just stick to balcony for now. Through …
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Chillva Market brings fun, food and excitement to Phuket
PHUKET: After a successful soft-opening, Phuket’s newest container market is officially open to the general public. Located off of Yaowarat Road, the 20-million-baht Chillva Market’s piece de resistance is a shipping container park, situated around a central bandstand and pond. Phakanan Daowatthanakij, the owner, said that the market is arranged into three zones by stall …
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Property Watch: Impact of tourism on real estate
PHUKET: Statistics are regularly reported by tourism organizations – public and private, which break down the number of visitors arriving in Phuket. Are Phuket visitors domestic travelers, or business-people commuting? Do we count arrivals and departures, or just arrivals? How do we know the information received is accurate and are people leaving Phuket by other …
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By the Book: Erecting a ‘For Sale’ sign when putting your property on the market
PHUKET: Let people know your home is on the market with a ‘For Sale’ Sign! In real estate markets all over the world, it is common practice for property sellers to erect a ‘For Sale’ sign when putting their property on the market, as it increases the chances of selling. The majority of the time …
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Across the land: Unusual times in Phuket tourism
PHUKET: A typical ‘high season’ in Phuket is usually from November to April every year, with the ‘peak season’ being December and January. However, this has not been the case for 2015/2016, where the high season and peak season has passed by hitting a large speed bump. Almost all businesses on the island – tour …
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Property Watch: The property name game
PHUKET: It’s hard to trace the origin of the practice of naming people, places and things. Arguably you could start with Adam and Eve, and perhaps that first gated-estate village called the Garden of Eden. Yes, the branding gurus were hard at work, even way back then. I’ve been reading about the current backlash in …
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Cracking Phuket’s hotel industry with reliable mega-data
PHUKET: Surveys are often seen as one of the lowest forms of data collection for a variety of reasons. Often respondents may not provide accurate answers or be comfortable providing answers that are perceived as unfavorable. Nonetheless, as STR Global has shown with more than 30 years of data collection in the hotel industry, important …
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Property Watch: Influence of crime on land value
PHUKET: Reading through the news each week for Phuket, we all see the stabbings; suicides; drive-by shootings; drug hauls; crazed mini-van and other public vehicle smashes; horrific murders and assaults. Some elect to comment on these stories in the hope that those who can do something about the levels of crime will take action not …
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Phuket to get two of eight new marinas planned for the south
PHUKET: Two new marinas are to be built in Phuket as part of the government’s plan to stimulate economic growth by turning Thailand into a marine leisure hub in the ASEAN region. The marina development plan, announced by Transport Minister Arkhom Termpittayapaisith, includes construction of eight new marinas – four in the Andaman Sea and …
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Property Watch: Leasehold vs freehold – revisited
PHUKET: Leasehold versus freehold has been a livewire in Phuket and continues to be so. Over 14 years ago when I arrived in Phuket, I saw my first lease offered by a developer to a ‘buyer’ written in English and was shocked. I had been practicing as a commercial property lawyer in London for two …
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By the Book: Benefits of vendor financing
PHUKET: Although the property market has recently been slow in Phuket, properties are still selling. In previous years, buyers would pay full cash for properties. However, in today’s climate, sellers are being more flexible to achieve a sale. One of the main head winds Phuket’s property market faces is that the majority of foreign buyers …
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Video Report: Trends in Phuket’s Sustainable Hospitality
PHUKET: Grace Kang is a managing partner at Greenview, a Singapore-based sustainability advisory company that specializes in tracking and measuring sustainability performance for hotels, convention centers and commercial buildings. Ms Kang shared some pearls of wisdom on sustainable practices with local industry specialists at the recent American Chamber of Commerce (AMCHAM) meeting at the Keemala …
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Across the land: Is Airbnb taking a slice of Phuket hotels’ profits?
PHUKET: For those not so active in the online community, Airbnb may sound completely alien, and you may well ask what they are selling. According to San Francisco-based Airbnb, it is a trusted community marketplace for people to go online and list, discover, and book unique accommodation around the world, using a computer, mobile phone, …
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Property Watch: Less is more for Koh Samui
PHUKET: We live in a world where percentages seem to matter and growth dominates our horizon. I still recall growing up and marking off on a wall in our house how tall I was. I could not wait to be older, and the irony today is how I wish that I could instead roll back …
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Property Watch: Realities of a dream clubhouse
PHUKET: When we think of a clubhouse, many of us start to dream. Sipping cocktails overlooking the hills, or even facing the sandy beaches and sea. A place where an agreed set of rules are adhered to by all with a sense of what is right and proper. Ladies wear comfortable but appropriate attire and …
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AccorHotels spreads its wings
PHUKET: AccorHotels has teamed up with Avista Resort and Spa Patong Co Ltd to manage three properties in Phuket. The newly-inked agreement brings two existing Phuket properties in Kata and Patong under the new brand and management, and paves the way for the building of a brand new hotel in Karon. One of the two …
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Quality tourism trending
PHUKET: Last year was a favorable one for tourism in Phuket, boosting confidence throughout the hospitality and property sectors with a rise in ‘quality’ tourists and investors – a trend that appears set to continue in 2016. Arrivals at Phuket International Airport soared to 6.4 million – a record number of passengers passing through the …
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By the Book: What is property valuation?
PHUKET: Valuation is a process of estimation of the most probable price that would be paid for a property under typical market conditions applicable at the date of valuation. The value of a property is the present value of all future benefits expected to be obtained from possession of the property. The ability to provide …
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Sansiri offers unique promotions at Central Festival Phuket
PHUKET: Sansiri Public Company Limited has launched its ‘Uniquely You’ residential campaign at Central Festival Phuket, which ends tomorrow. “The purpose of this event is to promote our outstanding designs,” said Suriya Wannabuit, Sansiri’s executive vice president of project management and marketing department. “For example, Burasiri Koh Kaew is surrounded by trees and hills, whereas …
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Ditching a brand for better marketing
PHUKET: Effective marketing is essential to securing occupancy numbers, both in high and low seasons, leading many resort and hotel owners to rely on established brands with loyal clientele. However, when those brands fall down on the marketing side, as one such international brand is perceived to have done for what is now known as …
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Across the Land: The persistent growing pains of Phuket
PHUKET: Last month, MasterCard Asia Pacific Destinations Index 2015 announced that Thailand is the most popular regional travel destination for 2015, with three of its cities making the top ten list. Bangkok was the most popular, followed by Phuket in fifth place and Pattaya in eighth. The survey was based on 167 destinations from 22 …
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Property Watch: Twinning yachting and property
PHUKET: Twins in any language are a strange brew, whether actual biological pairs, or the symbiotic kind. Whether it is yin, or yang, or any manner of kinship, there remains an undeniable connection. As I travel often between Asia’s resort islands, I’m fortunate to have a clear perspective of what’s right and what’s wrong with …
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Marina across the bay
PHUKET: Krabi Boat Lagoon opened in late 2012 as one of the province’s first residential marinas, adding a new freehold option for foreign investors with The Cleat Condominium – a collection of 45 waterfront condominium units in three low-density buildings overlooking the marina’s 80 yacht berths. Built by Boat Development Co Ltd, the same developers …
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Proud Real Estate expanding presence
PHUKET: Proud Real Estate Co is launching more hotels and amusement attractions in Hua Hin and Phuket to cash in on the flood of tourists. Proudputh Liptapanlop, Proud Real Estate executive director, said yesterday that the company would also expand its flagship hotel, the InterContinental Hua Hin Resort, by adding the 40-room BluPort Wing in …
