Connect with us

Property

By The Book: Opportunities abound as island grows

Published

 on 

PHUKET: Anyone living in or visiting Phuket will notice the amount of construction work going on around the island. From property development to schools, hospitals, marinas and roads – all types of infrastructure on the island are undergoing development.

For several years now Phuket’s residents have grown used to the traffic diversions around the construction of Phuket’s underpasses at Darasamut, Samgkong & Bangku but this is just the tip of the iceberg for what is coming next.

With continually growing tourist numbers, population and vehicles on the road, Phuket requires better infrastructure. There are currently plans in place for further projects for new and existing roads, hospitals, schools, tourist attractions, transport systems, hotels and more.

Recently highlighted infrastructure projects in the local and national media have been: the new highway which will be built from Nai Yang to Koh Kaew, the expansion of Central Festival and Phuket’s light railway, which will run from the airport down to Chalong Circle.

The development of a public transport system (light railway and new highway) will result in more development along their routes. We will begin to see condos, housing projects, shopping facilities, office space and more development in locations that were previously overlooked. This in turn will increase land values.

A lot of Phuket’s planned infrastructure projects are located in the province’s central and eastern areas. These locations currently have the lowest land values compared to Phuket’s west coast and the south.

As infrastructure projects come to fruition the result will be greater increases in land values in these areas compared to other locations.

Another area of note is the northeast of the island, which continues to develop, albeit at a slower pace than the rest of the island. There are plans for the new Sheraton Phuket Grand Bay Resort and Residences, brand new Kung Bay Marina, expansion of the existing Ao Phor Marina and the ever-developing Thanyapura and United World College. We expect to see more development in this area in the future and with land values by far the most reasonable in Phuket, this is a very good opportunity for property investors to buy and hold.

For more information, contact Kevin Hodges, Siam Real Estate (SRE) Tel: 076-324042 Email: kevin@siamrealestate.com; siamrealestate.com

— Kevin Hodges

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Destination Guide7 hours ago

Best areas to live in Phuket (2022)

Video8 hours ago

Thailand News Today | Fears of shenanigans in Mountain B Pub fire investigation

Travel8 hours ago

5 vineyards and wineries in Thailand all wine lovers should know

Sponsored18 hours ago

Super luxury villas in Phuket with breathtaking ocean views

Thailand8 hours ago

Thai neitzens angry at SUV driver using a siren just to use toilet

Thailand9 hours ago

New poll says people from Thailand more relaxed about Covid-19

Thailand10 hours ago

Rama 2 Road guilty of being a repeat accident offender

Join the conversation on the Thaiger Talk forums today!
Thailand10 hours ago

Body of one teacher found in double suicide pact in SE Thailand

Thailand11 hours ago

Son who tried to starve mother to death dies of TB in NE Thailand

Crime12 hours ago

Mystery 911 emergency service call turns out to be a monkey

Thailand13 hours ago

Hot gran bowled over by Shane Warne before he died in Thailand

Thailand13 hours ago

Soi Dog Foundation pledges to neuter 1 million animals in 2 years

Thailand14 hours ago

EPL praises Thailand for crackdown on illegal footie sites

Pattaya15 hours ago

Sick German man fails in suicide attempt in Pattaya

Video15 hours ago

Thailand approves all time high electricity price | GMT

Economy15 hours ago

Instant noodles, a staple budget food, fighting to increase prices

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending