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. One of Phuket’s lesser known beaches, Layan is situated on the northern end of Bangtao Beach on the west coast,and offers a pristine, unspoiled ambiance that one would be hard pressed to find elsewhere on the island.
Layan Beach is home to some of Phuket’s most magnificent properties, courtesy of the patronage of several large developers, hotels and resorts. Situated on a hillside just off Layan Beach, ‘The Pavilions Phuket’ is an up-market luxury development built on a 44,000 sqm plot.
This secluded ‘adults only’ villa hotel includes 49 villas with up to three bedrooms. Options include ocean view, tropical pool villas and a penthouse villa. The villas range in size from 275sqm to about 600sqm, and each offers various choices, such as a sundeck, sala, infinity pool, Jacuzzi and even a fully equipped kitchen, winning it the 2015 Best Luxury Boutique Spa award at the World Luxury Spa Awards.
“Our market is primarily couples seeking privacy and seclusion, and not the activities and hustle and bustle of [more crowded beaches such as] Patong,” says Resident Manager Simona Chimenti.
An added advantage to private villa properties, such as The Pavilions Phuket, is the fact that they are unfazed by the confusion over government zoning regulations.
“There is no direct impact for us as we are a boutique property featuring private pool villas and our guests do not necessarily book Pavilions for a beachside vacation,” says Ms. Chimenti.
However, overall perception of Phuket as a destination has been negatively affected, she admits.
Although The Pavilions Phuket offers a break from the otherwise noisy, tourist-centered locations, it has jumped on the Chinese free independent market [FIT] traveller bandwagon.
There has been a boom of organized Chinese group tourism over the last couple of years, Ms Chimenti says. She also explains that there has been a flattening in occupancy over the last few years, with fewer guests in the high season, but increased occupancy levels during the traditional low season from May to October.
Like any business in Phuket, Pavilions is not impervious to market factors such as the multiple travel warnings issued by main feeder markets.
“The impact is hard to measure, but over the past five years, there have been recurring incidents tarnishing Thailand’s position as a prime tourist destination,” Ms Chimenti adds.
The multi award-winning Pavillions residences have been designed to offer maximum privacy, surrounded by stunning natural beauty and lush tropical views. Situated on an ideal vantage point in the hills, the property also houses a 360-degree bar to enjoy a panoramic view of the island and watch the intoxicating Phuket sunset.
— Sahar Aftab PaliwalaKeep in contact with The Thaiger by following our Facebook page.
14% of condos around Bangkok are empty – good time to buy
Looking for a condo around Bangkok? Now might the right time to take the plunge with the head of the Appraisal and Estate Agents Foundation saying some areas have between 8-14% vacancy rates, some areas of Bangkok up to 17.5%.
Dr Sophon Pornchokchai made the remarks at a news conference yesterday.
“Adding developer price wars, plus inducements to purchase, this represents a buyers’ market.”
He says the figures relate to condos, single houses, townhouses and other dwellings where less than 15 units of electricity were being used, deeming them to be classified as ‘unoccupied’.
Around Bangkok there are 525,889 such vacant properties.
The top three areas for vacancies were Nonthaburi (north west of the central area) with 335,421 available properties with 45,848 unoccupied or 14%. This percentage was also true of Bang Na (south east of Bangkok) with 231,192 properties, 31,289 unoccupied. Bang Yai – to the far north west of the capital – has 221,492 with 28,016 unoccupied or 13%.
Locations with the lowest unoccupied dwellings are Bang Plee (south east) with 8% unoccupied, Min Buri (north) 9% and Lat Krabang (south east) 9%.
Dr Sophon says that when it comes to condos in Bangkok and the surrounding areas, between 13.5% and 17.5% are unoccupied.
“This glut has prompted a selling war with discounts and deals.”
FazWaz‘s CEO Brennan Campbell says that we’re in part of the buying cycle right now that is definitely in the buyer’s favour.
“Long-term, the Bangkok market continues to show its strength, but there is definitely an enormous range of property to choose from, in almost every location, right now. The current dip in demand is just part of the cycle.”
SOURCE: Daily NewsKeep in contact with The Thaiger by following our Facebook page.
Stricter controls and paperwork putting brakes on residential property market
The honorary president of the Thai Housing Business Association, Atip Bijanonda, is tipping the local residential market may fall by up to 10% this year starved of economic confidence, the global economic slowdown and the loan-to-value limits.
But he also believes the situation is far from the situation leading up to the 1997 economic collapse.
The Greater Bangkok residential market is now valued at 372 billion baht (in 2018). That’s a rise of 29% compared to the year earlier. So the drop this year is off the back of a very successful 2017.
For this year the market has fallen by 5%, according to the Thai Housing Business Association, with the largest declines in Q2, in retaliation to the LTV limits taking on April 1.
Some of Thailand’s major developers are now shelving some projects as the market soaks up a glut of properties constructed over the past two years.
Three property associations – the Housing Business Association, the Thai Condominium Association and the Thai Real Estate Association – are having meetings with the finance minister discussing the current property market.
Topics for discussion are the improvement in property regulation, construction permits, licences and stricter controls over developers and lending. The associations also want to discuss the current delays on Environmental impact assessments (EIAs). They say that since the responsibility for EIAs was handed over to the Bangkok Metropolitan Administration from the Office of Natural Resources and Environmental Policy and Planning in 2016, the process is now taking much longer.
Speaking to the Bangkok Post, Kobsak Pootrakool, deputy secretary-general to the PM for political affairs says that stricter lending criteria and the LTV rules are the main factors obstructing mortgage approvals for homebuyersKeep in contact with The Thaiger by following our Facebook page.
Wyndham adds two more hotels for Phuket’s south
PHOTOS: Artists impressions of the new Wyndham Nai Harn Resort Phuket
Global hotel group Wyndham has announced two more Phuket pipeline hotels. The announcement follows a long list of new developments and openings over the next few years on the island.
First for Wyndham, is a 353 key property named the Wyndham Nai Harn Resort Phuket at the popular southern west-coast beach. It’s scheduled to open late this year.
A second hotel is located in Chalong, with 150 pool villa units and will debut next year. Both properties are developed by the Cissa Group.
The group already has three properties on the island – Wyndham Grand Phuket Kalim Bay (between Kalim and Kamala), the Wyndham Sea Pearl Resort Phuket, overlooking Patong on the Patong Hill road, and Ramada by Wyndham Phuket Deevana Patong, a rebranding of an older hotel.
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