Phuket real estate expands to inland areas
Phuket’s real estate market has experienced unprecedented growth over the past few years, driven primarily by the strong recovery of tourism following the Covid-19 pandemic. Another hugely important factor contributing to this market buoyancy has been the increase in Russian investors, who led the way...
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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 …
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Property Watch: Avoiding property fraud
PHUKET: Recently a video produced by a global news outlet about property and fraud in Phuket went ‘viral’. The video covered serious subject matter, involving people who had been injured and who had their rights violated. However, what many people I spoke to found, was that the presentation of the video and representation of Phuket …
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Phuket Pads: Mediterranean style in Rawai
PHUKET: While other real estate markets on the island seem to be struggling, the luxury villa sector remains steady, making room for those looking for unique, stylish villas jumping to buy. Such is the case with a five-bedroom Mediterranean inspired villa with stunning views from its rooftop. Located in Rawai Beach’s Saiyuan Med Village, this …
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Phuket real estate shrugs off Bangkok slowdown
PHUKET: In terms of property, Phuket seems to be worlds away from Bangkok, where the market has experienced a slowdown, mostly because the island is more affected by events outside of Thailand than inside the Kingdom, Robert Collins, managing director of Savills (Thailand), said earlier this week. Because the Bangkok market has dipped, three real-estate …
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Castlewood Group to open Phuket flagship, luxury hotel
PHUKET: Singapore commercial real estate developer Castlewood Group has announced the launch of their flagship luxury hotel development in Phuket, the Dream Phuket Hotel & Spa. This is the first project cementing the recently established strategic partnership with Début Hotel Group – a part of the New York-based Hampshire Brand, Hotel and Asset Management – …
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Dual expansion at Krabi Boat Lagoon
PHUKET: Two exciting projects will be unveiled by Krabi Boat Lagoon shortly, with one being a beach club near the marina and the other a third condominium building at the marina itself. Ms Sriya Yongsakul, Krabi Boat Lagoon’s deputy managing director, said at an exclusive interview with the Gazette last week that the long beachfront …
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By the Book: Tips on handling property transactions
PHUKET: With the island’s real estate market staying strong, some owners could be thinking of selling their property. If so, here are some tips for making this move. Establishing a Price Consider what you paid for the property, how long you have lived there, what similar properties have sold for, any improvements added, present condition …
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Property Watch: Hotel wars raging on Phuket
PHUKET: There is a war going on in Phuket. It’s not being fought on the street, or across the beaches, but in glittering hotel properties across the island. Both sides are squarely facing off against each other in trying to woo guests and conquer higher levels of occupancy and premium room rates. In this instance, …
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Supply overload shakes budget condo sector
PHUKET: The budget condominium segment in Phuket and many other cities in Thailand is now suffering from the large supply that has inundated the market over the past 5 to 7 years, Phanom Kanjanathiemthao, Managing Director of Knight Frank Chartered Company, said this week. This low-end market, with units costing from about 1.1 to 1.8 …
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Phuket Pads: Bargain Karon condo with beach view
PHUKET: Karon beach is the third longest on Phuket Island and located on the west coast between Patong and Kata. Karon Beach is also the second favorite holiday destination in Phuket. Recently, the Lonely Planet Guide named Karon Beach as one of the Top Ten Family Beach Holiday Destinations in the world. With its long …
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Supalai Lagoon a star performer
PHUKET: Making waves all the way to Bangkok is the recently launched Supalai Lagoon Condo because it has turned out to be one of this listed developer’s best performing condominium projects this year. Supalai Plc’s Chairman and CEO Prateep Tangmatitham said at an exclusive interview in the capital last week that it is this project’s …
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Luxury real estate prospers
PHUKET: One thing that I love about Phuket is the ability for luxury to live side by side with abject casualness. You could be sitting next to a multi-millionaire or a packaged tourist on the bar stool, as the ties that bind are the flip-flops adorning your respective feet. Islands tend to have little social …
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Across the Land: Container homes anyone?
PHUKET: Researching shipping container homes on the internet was an eye opener and it was fascinating how cool and creative some of these homes can be. There are definitely sustainable benefits from building a home with recycled shipping containers, but can it be a real home? Well, it looks like some countries have taken shipping …
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Property Watch: Waking up the ever-looming giant
PHUKET: Technically there is no specific way to jump-start a snoozing behemoth. Sure, a stun gun might do the trick or a slap on the face, but look at poor little Jack who had to scamper down that beanstalk. In Thailand’s current property market there continues to be a strategic emphasis on fishing where the …
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Myriad designs becoming more popular
PHUKET: As most villa projects in Phuket are individually owned and cater to the requirements of the individual buyer, one sees a plethora of interior designs ranging from very conservative to highly modern. However, those that are influenced by Thai architecture stand in sharp contrast to replicas of European styles. “Rightly called the Isle of …
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Property Watch: Island remains worthy investment
PHUKET: Like many Phuketians, I took a ‘green season’ break with my family. I chose Sydney and the Gold Coast, and inevitably a visit of this nature leads to comparisons with my home island of Phuket. Property investors interested in Phuket will also conduct their own comparisons and therefore agents, developers and owners who wish …
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Video Report: Sansiri launches mid-rise condo
PHUKET: There are panoramic views of the island with glimpses of the sea from the 14th floor of Sansiri Plc’s recently completed, mid-rise condominium The Base Height-Phuket, making it something truly special. With the starting price of a 30-square-meter unit, including all transfer expenses at the Land Office, coming to 1.99 million baht during a …
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Phuket pads: Modern architectural masterpiece
PHUKET: Loch Palm Golf Course’s five-bedroom villa has got to be the most unique and unusual property in Phuket, breaking every design and construction norm. Architecturally, the conceptual inspiration was drawn from the site and situation. Located on the edge of the Loch Palm reservoir and golf course, the site is positioned between two geometrically …
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Going up: Baba’s five-bedroom villas
PHUKET: Kicking into gear on Na Tai Beach, across the bridge in Phang Nga, is Charn Issara Development PLC’s riveting joint-venture project Baba Beach Club. The sales gallery has now been built and construction crews are busy building five-bedroom villas. Vorasit ‘Wan’ Issara, managing director of Sri Panwa resort, said that Charn Issara, which is …
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Penang, Phuket: islands of irony
PHUKET: Penang and Phuket share many historical and cultural similarities and recent similar events in their property markets show that the sister islands still have much in common. On a recent trip there, courtesy of Firefly Airlines, to join Penang’s heritage celebrations, I was introduced to a small Thai enclave in the northern quarter of …
