FazWaz assumes control of Lifull Connect for Thai global real estate leadership and innovation
Phuket-found PropTech company FazWaz has taken over Lifull Connect, the world’s largest real estate aggregation network, solidifying its position as a leader in the global real estate market. This milestone showcases the potential of Thai companies to succeed internationally. FazWaz and Thaiger share core shareholders...
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By the Book: Property market ripe for a rebound
PHUKET: Timing in life is everything but timing markets is always difficult. Buy low and sell high is easier said than done. At the top of the market is when most are buying, media news is positive and the consensus is cheery, while at the bottom people are fearful the market will go lower still. …
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Property Watch: The island that never gives up
PHUKET: Phuket is an island in which the motto “Never Give Up”, rings true. At one time, t-shirts and souvenirs could be seen listing the issues that businesses in Phuket had faced year after year, and yet through the human trait of perseverance and resilience, Phuket and its people carried on. So far as property …
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Infinity Condominium launches new project in Bang Tao
PHUKET: Infinity Condominium held the grand opening of its seven-storey condo project in Bang Tao late last month. The project will comprise of 78 units ranging from 59 square meters to 60.6sqm and include one bedroom, two bedroom, and two bedroom deluxe condominiums. “Construction will start by end of the year and is expected to …
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Property Watch: Thailand at a crossroads in property investment
PHUKET: Thailand is and will remain an attractive property market to invest in. The geography lends itself well to a good quality of life, especially if income to support that lifestyle isn’t an issue. However, it does have neighboring competition and is in the process of assessing its options to revise laws to continue developing …
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Across the Land: Luxury villa rentals picking up in Phuket
PHUKET: This year, the luxury villa rental inquiries are coming in early. By March, agents had already started calling around asking for rental rates over the holiday season of December 2017 to April 2018. Luxury villa rentals over the last two holiday seasons have been somewhat disappointing, with villa owners either not achieving any rentals …
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By The Book: Property market trends in the second quarter
PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow. There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting …
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Across the Land: Latest trends in Phuket hospitality
PHUKET: Based on C9 Hotelworks’ Phuket Hotel Market Update last month, total inbound passengers through Phuket International Airport in 2016 were 7,549,346, with 54 per cent from international flights and 46 per cent from domestic arrivals. This is an 18 per cent growth rate in 2016, compared with 13 per cent in 2015. The top …
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Property Watch: Keeping Phuket property dealings honest
PHUKET: I have written quite a few articles over the years, hopefully in a balanced way, on reservation deposits, property investments and purchases in Phuket, which have always included a word of caution about how practices in Thailand on property deposits can vary significantly from other Asian property investment destinations, such as Hong Kong and …
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By The Book: Market signals in the new year
PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year), generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year). As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – …
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Property Watch: Seeing through Phuket property transience
PHUKET: There are many themes of life in Phuket that are either interwoven or operate independently. It is possible, as many local Phuketians will testify, to exist in Phuket without even meeting your friends on a regular basis because you live on ‘different sides of the island’, or ‘don’t like driving over the hill’, or …
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Across the Land: Evolution of high season property market
PHUKET: The last two months have been particularly ‘different’ from the past years’ norms in Phuket in more ways than one. Firstly, the weather has not been as predictable. Hot, sunny days are now interlaced with cloudy, rainy days and the weather forecast is hardly ever accurate. If you think the weather forecast in Phuket …
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Property: Angsana Beachfront Residences attract global interest
Advertorial: PHUKET: The Banyan Tree Group’s launch of Angsana Beachfront Residences, its inaugural investment in resort style living in Thailand at Laguna Phuket, Bang Tao Beach, is already being hailed a success. Over 60% of the beachfront luxury branded condominiums have been sold since the project was announced last month (story here). “We are receiving …
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Across the Land: What the new airport means for Phang Nga
PHUKET: It’s been three months since the new Phuket International Airport terminal was officially opened, but the moans and groans about the efficiency of the airport remain, with passengers complaining of long delays at immigration counters – whether inbound or outbound. Even the domestic terminal has seen long queues waiting for luggage, and a chaos …
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Property: Banyan Tree redefines grandeur
Advertorial PHUKET: The Banyan Tree Group has unveiled designs for a selection of five-bedroom villas adjacent to Bang Tao Beach on the west coast of Phuket. With the infrastructure already complete, the Group is inviting interested parties to make appointments for private viewings of the newly-launched ‘Banyan Tree Grand Residences’. “The Banyan Tree Group is …
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Angsana launches beachfront branded freehold residences
Advertorial PHUKET: The Banyan Tree Group has launched a new dimension in resort style living with its first branded condominiums in Thailand under the Angsana brand. Aimed at foreign buyers seeking high-quality freehold properties by the sea, the two and three-bedroom residences – each with a private swimming pool and expansive patio – are one …
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Festive five per cent financing offered for Laguna Park’s townhomes, villas
Advertorial PHUKET: Investors in Laguna Park’s two-bedroom town houses and five-bedroom villas located next to the Laguna Phuket Golf Course are being offered a special five per cent financing option for the festive period. Aimed at couples and growing families, the homes by the Banyan Tree Group are priced from 9.3 million baht and come …
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By the book: Preparing your property for sale
PHUKET: The onset of high season is here again. The monsoon rains have passed, the sun is out and businesses are preparing for the influx of tourists to Phuket. The next six months are when most buyers will visit Phuket and when most property sales occur. Phuket real estate brokers will have already been short-listing …
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Second phase of Cassia apartments attracts investors with assurance of 7 p/c returns
Advertorial World-class developer of premium resorts, hotels and residences, The Banyan Tree Group is enticing investors to Cassia Phuket apartments at Laguna Phuket with a promise of 7 per cent returns over three years for owners. With the first phase already sold out, the second phase of the contemporary upmarket two-bedroom apartments in the grounds …
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Property Watch: Not everything can be ‘unique’
PHUKET: No other word suffers as much abuse in the Phuket property market as the word ‘unique’, to the extent that the misuse itself is almost unique. The word is important for property investors, because the ‘Unique Selling Point’ is a factor that ought to be addressed at an early stage of investment. However, items …
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Across the Land: Proposed 10-year visa for over-50s
PHUKET: Finally, after years and years of consideration and watching other neighboring countries benefit from attracting foreign residents for long-term resident stays, the Thai government has announced a long term (ten-year) visa for foreigners over the age of 50. The intention is to promote Thailand as an international hub for medical services. As Thailand plans …
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Property Watch: How to lose a property sale
PHUKET: Some of you will have had the feeling of seeing the bus you are waiting for gliding by just seconds before you reach the bus stop. Others will only be able to empathize, perhaps comparing their experience of their Mercedes breaking down and a mechanic not being immediately available to fix the issue. Whatever …
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Across the land: Burial plots become prime real estate
PHUKET: The current world population is 7.3 billion, but it is expected to hit 8.5 billion by the year 2030 and 9.7 billion by 2050, according to a new United Nations DESA report, titled ‘World Population Prospects: The 2015 Revision‘. Asia Pacific is also now home to half of the world’s population of elderly persons, …
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By The Book: Renting a villa in Phuket
PHUKET: Renting a villa or apartment long term is very popular in Thailand, especially in resort areas such as Phuket, Pattaya, Hua Hin and Koh Samui. Many would-be buyers are deciding to hold off and rent for a year or more while they get to know the area and learn the ways of Thailand without …
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Property Watch: Impact of weather on the property market
PHUKET: A lot is said about the negatives and positives of the business and economics of the Phuket property market, but it seems that less is said about the realities of the weather here on our green and often wet island, and how that impacts on property. What is said is often encapsulated in a …
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The billion dollar behemoth stirs
PHUKET: For the most part, the booming tourist high season at the start of 2016 was a challenge for the island’s luxury real estate sector, as there was no domino effect. Instead, the villa market went stone cold. As we edge towards yet another winter peak high season though, the question for the property market …
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Across the Land: In the Departure lounge to Damascus
PHUKET: On the 16th of September, Phuket officially opened the much anticipated and delayed new Phuket International terminal. The terminal is expected to accommodate up to 5 million international passengers a year while, the old terminal will accommodate 7.5 million domestic passengers. Firsthand experience arriving at the new international terminal two days after the official …
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Regional tourism growth dominated by Chinese
PHUKET: Continuing growth in the region’s tourism industry is being driven mainly by China, according to the latest CBRE ‘Hotel Megatrends’ viewpoint report, released in September. The total number of Chinese outbound tourists rose by 10 per cent year-on-year to 128 million in 2015, while spending grew by 26 per cent over the same period …
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Thailand’s largest property portal
property.thethaiger.com is Thailand’s largest property portal, in six languages, covering the Kingdom’s hot property areas, mainly in Bangkok, Phuket, Pattaya, Koh Samui, Chiang Mai and Hua Hin. The real estate market in Thailand, with all its bumps along the way, has proven itself to be robust with genuine growth over the past 20 years, especially …
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By The Book: Opportunities abound as island grows
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 …
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Property Inspector: Make outdoor furniture last longer
PHUKET: Outdoor furniture can be a sizable investment even here in Thailand. In Phuket it’s either the hot sun or rain adding to deterioration. With proper care and cleaning, you can enjoy your outdoor furniture for years. New furniture comes with care instructions; however this is not always the case in Thailand. So here’s a …
