Best types of properties to buy in Phuket 2024
Investing in Phuket Investing in Phuket provides a unique opportunity to capitalize on one of Southeast Asia's most sought-after destinations. Phuket offers a diverse range of investment options, from luxury condos, and beachfront villas to vacation rentals. With its well-developed infrastructure, favourable investment climate, and...
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By the Book: What is property valuation?
PHUKET: Valuation is a process of estimation of the most probable price that would be paid for a property under typical market conditions applicable at the date of valuation. The value of a property is the present value of all future benefits expected to be obtained from possession of the property. The ability to provide …
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Sansiri offers unique promotions at Central Festival Phuket
PHUKET: Sansiri Public Company Limited has launched its ‘Uniquely You’ residential campaign at Central Festival Phuket, which ends tomorrow. “The purpose of this event is to promote our outstanding designs,” said Suriya Wannabuit, Sansiri’s executive vice president of project management and marketing department. “For example, Burasiri Koh Kaew is surrounded by trees and hills, whereas …
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Ditching a brand for better marketing
PHUKET: Effective marketing is essential to securing occupancy numbers, both in high and low seasons, leading many resort and hotel owners to rely on established brands with loyal clientele. However, when those brands fall down on the marketing side, as one such international brand is perceived to have done for what is now known as …
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Across the Land: The persistent growing pains of Phuket
PHUKET: Last month, MasterCard Asia Pacific Destinations Index 2015 announced that Thailand is the most popular regional travel destination for 2015, with three of its cities making the top ten list. Bangkok was the most popular, followed by Phuket in fifth place and Pattaya in eighth. The survey was based on 167 destinations from 22 …
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Property Watch: Twinning yachting and property
PHUKET: Twins in any language are a strange brew, whether actual biological pairs, or the symbiotic kind. Whether it is yin, or yang, or any manner of kinship, there remains an undeniable connection. As I travel often between Asia’s resort islands, I’m fortunate to have a clear perspective of what’s right and what’s wrong with …
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Marina across the bay
PHUKET: Krabi Boat Lagoon opened in late 2012 as one of the province’s first residential marinas, adding a new freehold option for foreign investors with The Cleat Condominium – a collection of 45 waterfront condominium units in three low-density buildings overlooking the marina’s 80 yacht berths. Built by Boat Development Co Ltd, the same developers …
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Proud Real Estate expanding presence
PHUKET: Proud Real Estate Co is launching more hotels and amusement attractions in Hua Hin and Phuket to cash in on the flood of tourists. Proudputh Liptapanlop, Proud Real Estate executive director, said yesterday that the company would also expand its flagship hotel, the InterContinental Hua Hin Resort, by adding the 40-room BluPort Wing in …
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Property Watch: Foreigners: beware of condo laws
PHUKET: Every year I learn a host of new rules and regulations which impact property investors in Thailand, sometimes positively but often detrimentally. This year I learned something new, which either by chance or good fortune, my clients over 13 plus years here have never experienced. Unfortunately, I view the situation as being severely detrimental …
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Old Town architecture inspires
PHUKET: Even today, the Sino-Portuguese architecture of Old Phuket Town is an excellent example of practical designs that have stood the test of time. The simple and ingenious designs of shop houses and mansions built during Phuket’s tin-mining rush, and the influx of Chinese migrants in the 17th century, are often a source of inspiration …
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By the Book: Live in Phuket, work abroad
PHUKET: There is a growing trend in Phuket for expats in Southeast Asia to relocate their families here while commuting to work in major cities such as Singapore, Hong Kong, KL and Bangkok. Phuket’s international airport provides regional business people convenient access to multiple destinations at low costs. Therefore, the option of using Phuket as …
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Property Watch: Changing face of luxury villa rentals
PHUKET: Islands by nature change and evolve over time. Since the late 1980s, Phuket has witnessed sustained upward growth in luxury private pool villas and even today there are no signs of the sector slowing down. One important byline has been a growing emphasis on holiday rentals, and this has in fact shifted through the …
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Across the Land: Evolution of Phuket’s property scene
PHUKET: The property market in Phuket has seen an increasing amount of supply over the last five years with both Thai and foreign developers jumping on the bandwagon, building projects all over the island. The island continues to witness the growth in construction and some clients have commented that since the last time that they …
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Property Watch: Inside look at the hotel licencing crisis
PHUKET: Crisis? What Crisis? At long last the ticking time bomb of unlicenced accommodation establishments in Phuket has finally made headlines. The furor of action was capped as the Thai Hotels Association (THA) Southern Chapter issued a formal letter of complaint to the Governor’s Office asking for action, given an out-of-control spread of hotels operating …
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Layan luxury at Pavilions Phuket
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. …
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Property Watch: Thailand: North vs South
PHUKET: The divide exists in many places worldwide, and it exists in Thailand too. As I holiday regularly in Chiang Mai, I wonder whether the grass is greener up here in the North. Should I up sticks with my family, sell my Phuket property, relocate my business to a more modest micro-economic environment, and ‘escape’ …
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Sansiri launches Baan Mai Khao development
PHUKET: Sansiri Public Company Limited has officially launched its recently completed Baan Mai Khao beachfront condominium development. The development includes 206 ready-to-move-in units with up to three bedrooms, including single units, duplexes and penthouses, explained Uthai Uthaisangsuk, senior executive vice president at Sansiri. Prices start from 13.5 million baht with a guaranteed yield of six …
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By the Book: Off-plan vs completed properties
PHUKET: With high season well under way, many visitors to Phuket over the next few months will also be property buyers. There are many different considerations for buyers to think about when making a purchase, and one of the first to be made is whether to buy an off-plan property or a completed one. Both …
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Across the Land: Is bigger always better?
PHUKET: If you are planning to buy a home with the intention that it will become your dwelling when you retire, it is advisable to consider a few factors. Firstly, size should be a major consideration. Please be realistic; is it really necessary to own a large home with four or five rooms if it’s …
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Property Watch: Domestic market goes international
PHUKET: Part of Phuket’s expanding economy is its strong attraction as a regional hub for expatriates to live and work, and a key attraction for them is the high quality of educational offerings. Over the past decade, ten of the current thirteen international schools were established. The most evident surge was in the period of …
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New resort appeals to source markets with ‘Thainess’
PHUKET: Kata is prime real estate for those in the hospitality industry who are catering to the free independent traveller (FIT) market segment, explained Watanyu Asawabenjang, owner of the recently-opened Nook Dee Kata Beach Phuket Resort. “Kata Beach is where those people want to be. It’s the top choice for the FIT market, as well …
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Property Watch: Real estate agents: good, bad or ugly?
PHUKET: Has anybody noticed that the same properties can be listed on different websites with different descriptions and in some cases feel like completely different properties? Well, one of our readers did, and has brought to notice two listings about the same property. Is it fair for a buyer or seller to be subjected to …
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Dream Beach makes waves
PHUKET: Singaporean commercial real estate developer Castlewood Group has announced the highly anticipated December 12 opening of Phuket’s newest beach club, Dream Beach. Designed to provide a complete day-to-night beach club experience, the modern decor and contemporary furnishings provide an escape rarely found in Phuket. Set on the pristine white sands of Layan Beach with …
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Keep it Green: The need to invest in our trees
PHUKET: The recent decision by Rawai’s mayor to uproot 27 casuarina trees next to Nai Harn Beach caused such an outcry that the project had to be suspended and the project to build a Hollywood style movie museum, at least for the time-being, put on hold. This disturbing and short-sighted initiative is symptomatic of Phuket’s …
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Banyan Tree ready for high season with new renovations
PHUKET: After more than two decades as a dominant player in the luxury hotel market on the island, the Banyan Tree Phuket finally became an ‘all pool villa’ resort as it completed its most recent renovations last month. “With a lot of new resorts coming on line, it has become almost imperative to get our …
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Property Watch: Phuket tourism must innovate or die
PHUKET: As Phuket takes the sharp left turn into yet another high season, one constant source of chatter on line, in bars and in the media, is the meteoric rise of the cult of the doomsayers. Call it bling, or just plain nonsense, but our island telegraph remains ripe with tales of rampant chronic failure. …
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By the Book: Lowdown on holiday villa rentals
PHUKET: When planning a holiday, location is usually the first consideration. Having chosen your destination, the next decision is accommodation. Traditionally, holiday makers would look for hotels, with the idea that they will provide the best value for money and more facilities. However, these days, renting villas has become a popular and flexible option. A …
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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 …
