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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Phuket Pads: Smaller villas all the rage
PHUKET: The Phuket property market has remained fluid over the past 10 years. Crises have come and gone, yet the property market has remained surprisingly resilient. Buyers have benefited during this time period, as developers have adapted their offerings and prices to meet the budgets of overseas clients. Five years ago there were few off-plan …
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Phuket’s NBC targets expat freehold condo market
PHUKET: High demand for condominiums coupled with an oversupply of new units has led the developers of Naiharn Beach Condominium (NBC) to turn their attention to the island’s south, where they say attractive locations for new developments are easier to come by. “The number of places left for freehold condominiums is very limited,” says Fredric …
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Across the Land: Phuket as an island haven has room for improvement
PHUKET: Thailand recently made the top 10 list of The Retirement Havens for 2015 by International Living, coming in at 10th place. The only other Asean country that made the list was Malaysia, which is sitting pretty in third place. In Thailand, there are multiple locations for retirees to live, whether they prefer the hustle …
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Royal Phuket Marina brings luxury to central Phuket
PHUKET: Phuket is changing in front of our eyes. And where some see trouble, others see opportunity. One of the latter is Royal Phuket Marina (RPM), whose latest development, La Reserve, is a luxury condominium property for the new, changing Phuket. “Phuket is turning into a proper city, a proper town,” says Ian Spurdle, RPM’s …
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Phuket Pads: The island’s chalk and cheese
PHUKET: Phuket is, in many ways, becoming similar to Pattaya, with more and more cheap condos popping up in Patong, Kathu and other areas of the island. One-bedroom units from 1-3 million baht are becoming the norm to cater to the once-a-year tourist, and Thai investors are becoming eager to make an investment in Phuket’s …
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Phuket’s property of tomorrow
PHUKET: The year 2014 saw a number of new property developments – most noticeably condominiums – emerge on the Phuket map, fundamentally changing the Phuket landscape. To find out what tomorrow holds for the island’s property market, the Phuket Gazette‘s Maciek Klimowicz talked to Uthai Uthaisangsuk, senior executive vice president of Business Development and Project …
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Expats target market for Thalang residential housing project
PHUKET: Following the completion of phase one of 59 European-style tropical townhomes in Thalang under the banner “Baan Tak r Kard”, local developer Living Vis has launched the second phase of its residential development under the brand “r homes”, in a bid to attract more expat buyers. “More than 80 per cent of the two- …
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Phuket Pads: A hint of Europe in the South
PHUKET: Most villas available on the island are either in Thai or Balinese style and as the Thais say, “Same, same!” But this unusual and well-designed property stands out from the crowd with its European design. One of the main attractions is that it is a perfect family home in which to entertain and comes …
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The Santa Clause: Many happy rental returns
PHUKET; What did Santa Claus bring you via your property investment this Christmas? Was it 5% guaranteed net rental return on your property investment? 6%? 7%? A 60:40 or a 50:50 split of all expenses and rental returns after expenses? Looking at the wide mix of so-called guaranteed returns promised in property ads, online and …
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Across the Land: Building a sustainable home in Phuket
PHUKET: Chatting with a local architect who has designed and built homes in Phuket for the past 15 years prompted me to investigate sustainable materials used in home building. The architect had mentioned that current-day building materials have less maintenance issues and are more durable. Sure, the materials are more expensive, but in the long …
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Seven Seas Condo: Phuket’s downtown island luxury
PHUKET: Seven Seas Condo, a plush new resort-style condominium project, is about to shoot up in the heart of Phuket Town. The 2.5-billion baht Seven Seas Phuket project is located on Hongyok-Uthit Road, near Bangkok Hospital Phuket, and consists of four, eight-story buildings with a total of 975 units – all surrounded by views of …
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Phuket Pads: Beverly Hills of Thailand hidden in Nai Harn
PHUKET: The exclusive, very private and tranquil Baan Bua estate of over 60 rai is one of the best-kept secrets in Phuket. It could be described as the Beverly Hills of Thailand – hidden in Nai Harn, in the very south of the island, sheltered and surrounded by the hills on three sides with lakes …
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Regent Bangtao targets Phuket holiday rentals
PHUKET: Expats in Phuket live in a tropical paradise, yet many work full time. Holidaymakers surround them while they divide their time between home and the office. Phuket can be a strange place to live – not to call it schizophrenic – but this dual character of island life comes with a distinct benefit, and …
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Phuket Renaissance, giving peace a chance
PHUKET: Situated in Mai Khao, the Renaissance Phuket Resort and Spa is surrounded on all sides by the pristine nature of northern Phuket, “the island’s hidden gem”, explains Goetz Bauer, who joined the resort as general manager in April 2013. Designed by P49 Deesign Associates, considered to be one of Thailand’s foremost interior design practices, …
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Phuket Pads: Southern properties on the rise
PHUKET: The northwest region of Phuket has been the most popular area on the island for residential properties over the past 15 years, due to the many west coast beaches, the Laguna complex encouraging further nearby construction and the convenient proximity to Phuket International Airport. This high demand has led to the average three-bedroom villa …
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Evictions not imminent at Phuket luxury property, says developer
PHUKET: A report in the Sydney Morning Herald (SMH) claiming that more than 40 owners of luxury homes at a residential resort property in Phuket face eviction* has been refuted by the developer as a distortion of the facts. In a statement to Bangok-based Property Report, Andy Street of Tawan Properties, the developer behind the …
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Phuket residents shift toward Thalang
PHUKET: Thalang is geographically the biggest of the three districts in Phuket – dominating 252 square kilometers of the island’s entire 576sq km land mass. Thalang begins at the bridges joining the mainland – the gateway to Phuket – and stretches to just past Heroines’ Monument in the Tah Reua subdistrict. This includes both the …
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Phuket’s high life: Amari Residences aim high in Patong
PHUKET: Just when you think that it’s simply impossible to develop Patong further, there comes a company that does just that. And in the case of Amari Phuket, it’s done with style. The Amari Residences complex, rising quickly over Patong Bay, is set to take the game up a notch. “Amari Residences are the only …
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Phuket’s Patong Bay Hill, in the heart of the valley
PHUKET: Mark June of 2015 in your calendars. It might be the very month when Patong begins changing for the better, all due to the launch of the beach town’s much anticipated Patong Bay Hill development. “We are very happy, as everything is going according to schedule. Patong Bay Hill is expected to be completed …
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Shanghai Property Expo to showcase foreign investments
PHUKET: If you are looking to buy, sell or rent a property, then make a note on your schedule to visit the 2014 Shanghai Real Estate Expo from December 8-10, and check out the hundreds of properties on offer, all under one roof. The three-day free exhibition, which takes place in Shanghai’s financial district, will …
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Property: Conundrum of Phuket’s luxury landscape
PHUKET: In the travel and lifestyle industry, certain words are overused to the point where they become little more than verbal gloss; shiny adornments designed to entice people to part with more cash than they would normally choose to spend. The word boutique is one such term, now applied with abandon to everything from a …
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Video Report: Sansiri targets Phuket’s high-end with Baan Mai Khao condo project
PHUKET: With prices starting from 8 million baht and reaching up to 52mn baht, Sansiri’s latest Phuket development, the Baan Mai Khao seaside condominium in the island’s north, is targeting the high-end of the Phuket property market. “The high-end market begins at prices of more than 100,000 baht per square meter,” explained Uthai Uthaisangsuk, senior …
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Video report: Phuket realtors align strategy with market slowdown
Among the seminar’s speakers were representatives of respectable developers such as Sansiri and The Mall Group’s Supaluck Umpujh. PHUKET: Realtors throughout Phuket are re-aligning their strategies to counter the slowdown in market activity this year, which has been attributed to saturation. Thanusak Phungdet, president of the Phuket Real Estate Association (PREA), revealed the news after …
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The Mall Group forges ahead with B20bn baht Phuket project [video]
Phuket Today talks with the Mall Group’s Vice-Chairwoman Supaluck Umpujh. PHUKET: Not concerned about the current economic slowdown and full of hope about the changes that Phuket is undergoing, the Mall Group will drive forward with its plan to invest as much as 20 billion baht in a new, multi-purpose retail and entertainment center in …
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The Lodge at BB Phuket adjusts to a changing market
PHUKET: It was one year ago when property guru Bill Barnett wrote in the Phuket Tattler, “Foreign buyers have returned to the island in big numbers and what is motivating them is not luxury pool villas but investment-oriented condominium and apartment properties that are hotel managed”. Yet, a lot has happened over the past 12 …
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Absolute World names new head of real estate
PHUKET: Absolute World Group has announced the appointment of Stuart Coakley as director of the group’s real estate division. Based at the property developer’s Thailand headquarters in Phuket, Mr Coakley is tasked with overseeing the group’s real estate division and growing future real estate strategy for the mixed-use resort developers and fractional and vacation ownership …
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Indigo Pearl Phuket cashes in on big-spending tourists
PHUKET: Indigo Pearl Phuket has added unique products, developed sales channels and worked with quality agents, as part of its strategy to capture the high-spending travel market. The hotel is the flagship property of the long-established, Phuket-based hospitality firm, Pearl Group. Wichit Na-Ranong, owner of the hotel, said that since the group rebranded from Pearl …
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Sheraton to be new Emerald in Phuket luxury hotel market
PHUKET: Emerald Phuket Development, confident that the luxury property market on the island isn’t saturated, is bringing the Sheraton brand back to the province after a three-year hiatus. “The Sheraton brand has one of the best distribution systems and traveller loyalty programs. It is returning to Phuket with a firm vision to take its rightful …
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Property Update: Urban-style condo launched in the heart of Phuket
PHUKET: Location, location, location is every property expert’s mantra, and Sansiri knows it well. They prove it with their latest Phuket project – THE BASE, located in the very heart of the island. Situated on five rai of land on the bypass road, THE BASE Uptown is in the middle of Phuket’s retail action, just …
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Thailand Property Awards recognize Phuket developers
PHUKET: Phuket developers and developments won the lion’s share of acclaim at this year’s Thailand Property Awards with four wins and six Highly Commended awards. Most notable among award winners was Point Yamu Villas by COMO Hotels & Resorts who won Best Villa Development and Best Hotel Architectural Design, and were Highly Commended for Best …
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