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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Property Watch: Foreigners: beware of condo laws
PHUKET: Every year I learn a host of new rules and regulations which impact property investors in Thailand, sometimes positively but often detrimentally. This year I learned something new, which either by chance or good fortune, my clients over 13 plus years here have never experienced. Unfortunately, I view the situation as being severely detrimental …
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Old Town architecture inspires
PHUKET: Even today, the Sino-Portuguese architecture of Old Phuket Town is an excellent example of practical designs that have stood the test of time. The simple and ingenious designs of shop houses and mansions built during Phuket’s tin-mining rush, and the influx of Chinese migrants in the 17th century, are often a source of inspiration …
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By the Book: Live in Phuket, work abroad
PHUKET: There is a growing trend in Phuket for expats in Southeast Asia to relocate their families here while commuting to work in major cities such as Singapore, Hong Kong, KL and Bangkok. Phuket’s international airport provides regional business people convenient access to multiple destinations at low costs. Therefore, the option of using Phuket as …
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Property Watch: Changing face of luxury villa rentals
PHUKET: Islands by nature change and evolve over time. Since the late 1980s, Phuket has witnessed sustained upward growth in luxury private pool villas and even today there are no signs of the sector slowing down. One important byline has been a growing emphasis on holiday rentals, and this has in fact shifted through the …
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Across the Land: Evolution of Phuket’s property scene
PHUKET: The property market in Phuket has seen an increasing amount of supply over the last five years with both Thai and foreign developers jumping on the bandwagon, building projects all over the island. The island continues to witness the growth in construction and some clients have commented that since the last time that they …
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Property Watch: Inside look at the hotel licencing crisis
PHUKET: Crisis? What Crisis? At long last the ticking time bomb of unlicenced accommodation establishments in Phuket has finally made headlines. The furor of action was capped as the Thai Hotels Association (THA) Southern Chapter issued a formal letter of complaint to the Governor’s Office asking for action, given an out-of-control spread of hotels operating …
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Layan luxury at Pavilions Phuket
PHUKET: Holiday makers to Phuket’s shores are spoiled for choice when it comes to choosing a vacation spot. Boasting more than two dozen beaches, Phuket offers plenty of variety and flexibility for all tastes and budgets. For seasoned travellers who value tranquility and privacy above all else, Layan Beach is a good option to explore. …
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Property Watch: Thailand: North vs South
PHUKET: The divide exists in many places worldwide, and it exists in Thailand too. As I holiday regularly in Chiang Mai, I wonder whether the grass is greener up here in the North. Should I up sticks with my family, sell my Phuket property, relocate my business to a more modest micro-economic environment, and ‘escape’ …
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Sansiri launches Baan Mai Khao development
PHUKET: Sansiri Public Company Limited has officially launched its recently completed Baan Mai Khao beachfront condominium development. The development includes 206 ready-to-move-in units with up to three bedrooms, including single units, duplexes and penthouses, explained Uthai Uthaisangsuk, senior executive vice president at Sansiri. Prices start from 13.5 million baht with a guaranteed yield of six …
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By the Book: Off-plan vs completed properties
PHUKET: With high season well under way, many visitors to Phuket over the next few months will also be property buyers. There are many different considerations for buyers to think about when making a purchase, and one of the first to be made is whether to buy an off-plan property or a completed one. Both …
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Across the Land: Is bigger always better?
PHUKET: If you are planning to buy a home with the intention that it will become your dwelling when you retire, it is advisable to consider a few factors. Firstly, size should be a major consideration. Please be realistic; is it really necessary to own a large home with four or five rooms if it’s …
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Property Watch: Domestic market goes international
PHUKET: Part of Phuket’s expanding economy is its strong attraction as a regional hub for expatriates to live and work, and a key attraction for them is the high quality of educational offerings. Over the past decade, ten of the current thirteen international schools were established. The most evident surge was in the period of …
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New resort appeals to source markets with ‘Thainess’
PHUKET: Kata is prime real estate for those in the hospitality industry who are catering to the free independent traveller (FIT) market segment, explained Watanyu Asawabenjang, owner of the recently-opened Nook Dee Kata Beach Phuket Resort. “Kata Beach is where those people want to be. It’s the top choice for the FIT market, as well …
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Property Watch: Real estate agents: good, bad or ugly?
PHUKET: Has anybody noticed that the same properties can be listed on different websites with different descriptions and in some cases feel like completely different properties? Well, one of our readers did, and has brought to notice two listings about the same property. Is it fair for a buyer or seller to be subjected to …
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Dream Beach makes waves
PHUKET: Singaporean commercial real estate developer Castlewood Group has announced the highly anticipated December 12 opening of Phuket’s newest beach club, Dream Beach. Designed to provide a complete day-to-night beach club experience, the modern decor and contemporary furnishings provide an escape rarely found in Phuket. Set on the pristine white sands of Layan Beach with …
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Keep it Green: The need to invest in our trees
PHUKET: The recent decision by Rawai’s mayor to uproot 27 casuarina trees next to Nai Harn Beach caused such an outcry that the project had to be suspended and the project to build a Hollywood style movie museum, at least for the time-being, put on hold. This disturbing and short-sighted initiative is symptomatic of Phuket’s …
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Banyan Tree ready for high season with new renovations
PHUKET: After more than two decades as a dominant player in the luxury hotel market on the island, the Banyan Tree Phuket finally became an ‘all pool villa’ resort as it completed its most recent renovations last month. “With a lot of new resorts coming on line, it has become almost imperative to get our …
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Property Watch: Phuket tourism must innovate or die
PHUKET: As Phuket takes the sharp left turn into yet another high season, one constant source of chatter on line, in bars and in the media, is the meteoric rise of the cult of the doomsayers. Call it bling, or just plain nonsense, but our island telegraph remains ripe with tales of rampant chronic failure. …
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By the Book: Lowdown on holiday villa rentals
PHUKET: When planning a holiday, location is usually the first consideration. Having chosen your destination, the next decision is accommodation. Traditionally, holiday makers would look for hotels, with the idea that they will provide the best value for money and more facilities. However, these days, renting villas has become a popular and flexible option. A …
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Boat Pattana chases middle-class segment
PHUKET: Boat Pattana Co Ltd has announced a new 400-million-baht residential development in Chalong that aims to target middle-class families. “We don’t think any other properties are really targeting this segment with a project concept like ours; they seem to have forgotten the importance of family space,” said Panupong Kritchanarat, chief executive officer (CEO) of …
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Brokers: Condo market is bouncing back
PHUKET: Phuket’s residential property market is showing signs of recovery following two years of decline, according to research by real-estate agencies. The latest survey by Plus Property, an agency subsidiary of residential developer Sansiri, shows sales of high-end condominium units priced at about 100,000 baht per square meter or more are continuing to grow. Completed …
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Sansiri Plc’s ‘The Deck’ said to be selling hot
PHUKET: Mega property developer Sansiri Plc’s latest project in Phuket, The Deck, is now 100 per cent complete, with only 30 per cent of the units still available for purchase. Of the 270 units in two seven-storey buildings, 60 per cent were sold by July, with 35 per cent taken by Thais and the remainder …
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Property Watch: Phuket reality versus hype
PHUKET: Phuketians and long-term expatriates will recall the days when moving between beaches and Phuket Town required a scrambler bike due to the lack of roads. Umbrellas were occasionally sighted in Patong near the sandy Bangla Road track. The property market in Phuket and the reasons for Thais and foreigners to invest in Phuket have …
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Marriott to buy Starwood to create world’s biggest hotel chain
PHUKET MEDIA WATCH– World news selected by Gazette editors for Phuket’s international communityMarriott to buy Starwood to create world’s biggest hotel chainPhuket Gazette / ReutersPHUKET: Marriott International Inc (MAR.O) will buy Starwood Hotels & Resorts Worldwide Inc (HOT.N) for $12.2 billion to create the world’s largest hotel chain with top brands including Sheraton, Ritz Carlton …
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Residing in the luxury of a steadfast market
PHUKET: While those involved in many segments of the Phuket property market are having to carefully navigate through times, those in the luxury residential market continue to enjoy smooth sailing. “Premium luxury residential markets across the world are not directly impacted by market fluctuations in domestic housing sectors,” explains Micah Tamthai, vice president – real …
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Twinpalms teams up with MontAzure for luxury project
PHUKET: Phuket’s MontAzure, a mixed-use community in the Kamala district, has teamed up with leading hospitality company Twinpalms to launch a branded residential project on one of the last direct beachfronts on the west coast of the island. Twinpalms Residences MontAzure will comprise 75 luxury condominiums, with 100 meters of beachfront located between Millionaire’s Mile …
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Expansion helps Amari Phuket bags “Best Beach Resort in Asia-Pacific’
PHUKET: Taking home the ‘Best Beach Resort in Asia-Pacific’ at the 26th annual Travel Trade Gazette (TTG) Awards 2015 in Bangkok was a clear sign to Pierre-Andre Pelletier, Onyx vice-president and south Thailand general manager, that the Amari Phuket was on the right path as it goes toe-to-toe with other high-end developments on the island. …
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Across the Land: Going big while away from home
PHUKET: Recently we were invited to view a brand new luxury eight-bedroom villa solely for holiday rentals. I was thinking to myself before the viewing, now who would want to rent such a big villa and what purpose would it serve. Isn’t a villa with eight bedrooms just a little decadent? Well apparently I was …
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Port Takola prepares to open phase one
PHUKET: The Port Takola yacht marina and boatyard in Krabi will resume construction at the end of next month with the first phase of berths scheduled to open in May 2016. Owner Suriya na Nagara, a retired admiral of the Royal Thai Navy, along with his son Matthew na Nagara, are developing the marina within …
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Property Watch: Branding unlocks potential of hotel property
PHUKET: Thailand, and more specifically Phuket, is leading a strong Southeast Asia trend in hotel residences to the tune of US$3.5 billion in properties currently up for sale. Overall the SEA regional market inventory is valued at a whopping US$16 billion. Recently, we conducted research throughout the Southeast Asia markets and identified nearly 120 developments …
