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Property: Middlemen scuttle many large property deals
PHUKET: After 12 years in Thailand helping international investment funds and property groups to buy big-ticket real estate, particularly hotels and resorts, the founder of ThaiEstate Asia Group knows too well that it is the middlemen who have ruined many a good transaction. Lars Lang chose his words carefully in voicing his frustration with middlemen …
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Across the Land: Designing creative domiciles
PHUKET: It is interesting every year to see the new season’s designer-wear on the runways of Milan, New York, London and other haute couture centers. Creative designers show off their very latest fashions to the world on those runways and instantaneously these new designs are considered the hottest fashion trends. Designing clothes is of course …
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Tread carefully in budget condo market
PHUKET: Regardless of whether the Thai gross domestic product expands at the lower target of 3 to 3.8 per cent, as earlier expected this year, it would not help the Phuket budget condominium market, or that of other major provincial cities, as they have already been affected, Phanom Kanjanathiemthao, managing director of Knight Frank Chartered …
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Phuket pads: Escape to Coconut Island paradise
PHUKET: A rare opportunity is presenting itself on Koh Maprao, or Coconut Island, in the form of a piece of private, pristine beach front featuring a luxury, tropical villa ready for the taking. The essence of Asian simplicity is captured by this Balinese style villa, isolated on the enchanting beach front on Coconut Island, which …
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Property Watch: Tourism’s disruptive behavior
PHUKET: As the island rains have drenched the collective spiritual well-being of Phuket’s hotels and property people, a little step into the reality zone could be needed. There is little doubt that the months of May and June – well, throw in September – remain agonizing for those in the trade. I came to live …
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Property Watch: Innocent until proven guilty
PHUKET: The global hypocrisy of societies, governments, parliaments, judicial bodies, law enforcement agencies and even friends and acquaintances can be a fascinating subject. Hypocrisy exists everywhere in the world, including the Phuket property market. In recent months, there has been a notable and worthy attempt to clean up many issues here. This work is ongoing, …
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Fraudulent designing in disguise
PHUKET: When purchasing new furniture, it is always wise to keep an eye open for poorly made or refurbished goods in disguise. Some seemingly brand new, imported furniture is in fact a renovated secondhand piece with a big price tag, says Niwat Aunprueng, interior designer and executive partner of PIA Interior Company. This means that …
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Property Watch: Phuket pivots into regional education
PHUKET: Sun, sand, surf and study is without a doubt an unlikely combination of S-phrases. That said, Phuket is maturing into a key Asian resort destination for international level education and the upward trend is showing no sign of stopping. This past week, Thanyapura, the umbrella complex of Phuket International Academy, announced plans to further …
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Montara Hospitality Group eyes young, wealthy Chinese
PHUKET: Montara Hospitality Group, owner and operator of Thailand’s ultra-luxury resort brand Trisara is set to increase its presence on Phuket in a bid to capture emerging markets while also expanding locally and abroad for the first time. “More private villa hotels and luxury residences have been opened on Phuket island and that has brought …
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Phuket Pads: Hide out in Nai Harn home
PHUKET: A very unusual yet stunning two-storey, four-bedroom modern Thai-style home is hiding in Nai Harn, only 1 kilometer from the famous beach and beautiful Nai Harn Lagoon. This is one of the most coveted locations in which one can live on the island because of its access to upscale lifestyle venues. This home is …
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Property: Building a better market
PHUKET: Although not visible across the island’s multi-fold property market, the dominance of re-sales over new developments is obvious in the luxurious, but not lavish segment, chairman of CB Richard Ellis Thailand David Simister said. Sitting just below the multi-million-dollar villa tier is this interesting segment, which has a number of quality properties in the …
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By the book: Prep your property for rent
PHUKET: Many Phuket property owners purchase here with the intention of renting out their property. Historically, Phuket has provided owners with very attractive rental returns on their investments, a trend which is likely to continue as the island’s appeal to tourists and long-term expats continues to grow. Preparing a property for rent starts at the …
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Property: Boat Avenue goes higher
PHUKET: The Boat Avenue community mall in the Laguna area is in the process of adding seven more shophouses in the main compound and will later build commercial structures along both sides of the newly constructed road. Boon Yongsakul, deputy managing director of Boat Development Company, an offshoot of the famous Boat Lagoon marina, told …
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Property Watch: Breaking down stats
PHUKET: Island condominiums continue to be the horse you have to ride, which is evident when you see mid-rise buildings coming up as far as the eyes can see. For the market though, talk continues to turn toward a bubble, a crash or at least a short break for a little ‘me’ time. So what’s …
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Phuket Pads: Great home, great community
PHUKET: The perfect family home is located on a secure estate just walking distance from British International School, and only 15 minutes from Phuket International Academy, two of the most well-known international schools on the island. The six-bedroom – or five-bedroom plus office – home is in an estate which is already full of expat …
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Property: Small condos boost in sales
PHUKET: A sea change set in for Phuket’s condominium market post-2008 with units smaller than 70 square meters now vastly outnumbering larger ones, according to in-depth research results by Knight Frank Thailand. Research director for Knight Frank Thailand, Risinee Sarikaputra, explained last month that prior to 2008, as much as 84% of Phuket’s condominium supply …
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Property Watch: Make change, not war
PHUKET: We may all well remember a court case involving a hot cup of coffee and a customer who sued the coffee shop for serving hot coffee. What a preposterous case, we may cry. How do people inhabit this earth and go about their daily lives, and yet still manage to create issues out of …
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Southern Asian, Arabic visitors lift Phuket rental market
PHUKET: Although a plunge in the number of Russian visitors hit Phuket’s rental market hard this high season, the unsettling gap narrowed slightly through a small increase in Southern Asian and Arabic travellers, said Dexter Norville, Jones Lang LaSalle’s director for Thailand. This rental market is made up of the usual crowd of Europeans, Australians …
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Baba Beach Club aims for top tier
PHUKET: Only a perch at the very top is good enough for a 42-rai super project just across the bridge on Phang Nga’s Na Tai Beach, which is being developed by well-known Charn Issara Development Plc in partnership with China-based Junfa Real Estate Company. Called Baba Beach Club, this massive development will have a hotel …
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Phuket Pads: Layan villa beckons buyers
PHUKET: Some would say location and convenience are two of the main attractions, in addition to exceptional property value, in what is a very up-market area of Phuket Island. The Laguna, Layan areas are known for houses and villas with starting prices above 20 million baht, which makes this value-for-money gem a great buy. This …
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Start-up property portal prepares to “transform’ market
PHUKET: A start-up technology company created by the same team that built the LivePhuket real-estate company says it’s ready to ‘transform’ Thailand’s property market with a ‘data-driven’ property portal. The portal, launched in Phuket on April 24, provides instant and easy access to the largest selection of newly-built condominiums, all on a platform that aims …
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Patong Bay Hill investors offered a 7% return
PHUKET: Patong Bay Group’s 20 years of experience developing hotel and entertainment business in Patong adds credence to the Group’s offer to investors in Patong Bay Hill apartments-hotel that they could enjoy a 7 percent return over 15 years, according to the group’s chief marketing officer. Kriangkrai Keesin said the Patong Bay Group is not …
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Across the Land: Strong baht, fewer buyers means soft summer market
PHUKET: The Year of the Goat (Sheep/Ram) was heralded February 19 and signaled the start of the Chinese Lunar New Year. After a disastrous Year of the Horse – two major airplane crashes, unrest in Ukraine, ISIS kidnappings and be-headings, social turmoil in Thailand – the Year of the Goat is much welcomed. For a …
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Phuket Pads: Get resort feel in bay villa
PHUKET: This type of beachfront villa in the south of the island is rare. But, why? We should start by saying that all beach fronts on the island of Phuket have been occupied by hotels and resorts, and the cost of land is so expensive that to build a private villa, for most budgets, would …
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Phuket’s Hideaway breaks ground
PHUKET: Despite a nationwide slow-down in the property market, a new residential estate construction project is on track, according to the scion of a local tycoon family. Boon Yongsakul, deputy managing director of Boat Development Company, said Hideaway@Bypass is up and running as transfers of the company’s first project near Bypass Road, Bypass Biz Town, …
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By the book: Phuket’s condo market surges
PHUKET: Phuket’s property market has changed dramatically over the past decade. One particular segment which has seen huge changes is the condominium market. More than 10 years ago, there were very few condo developments in Phuket, as the majority of new expansions were large villa developments. This was because land was much cheaper than it …
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Across the Land: Phuket expat community living
PHUKET: If you are living in a foreign country where there is already a well-organized expatriate community, there can be many benefits. Having catered to an expatriate society for many years, Phuket is one such destination that is popular among foreigners – and for many reasons – including, of course, the tropical climate, beautiful beaches …
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Property Watch: Post-purchase pitfalls
PHUKET: There has always been a lot of talk about the safest way to invest in property in Thailand. We know there is a lot of very nice property out there. A less-talked-about issue is that of what happens after you make an investment – what are the common issues property owners face on our …
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Island Fever: Lost and found in Eden
PHUKET: As many jaded expats living in Thailand for any length of time know, the search for enduring values in a littered landscape is often a bottomless pit. Perhaps it was that herd of stampeding elephants which obliterated those rose-colored glasses. In the heat of a sunny tropical landscape, blindness is inevitable. In some ways, …
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Phuket Pads: Find supreme elegance at Villa Verai
PHUKET: In terms of value for money, Phuket has it all, especially when the vast number of mid-range to luxury villas in all price ranges and located in all areas of the island is considered. Yet there is one incredible villa on the island that is likely to evoke envy in almost everyone, and this …