From ICONSIAM to One Bangkok: Mentabuild, the consultancy firm behind Thailand’s most ambitious developments
If you’ve ever set foot in Bangkok and looked up at its towering skyline, there’s a good chance you’ve seen Mentabuild’s work, whether you realised it or not. Founded over 40 years ago, this construction consultancy firm has played a big role in shaping Thailand’s...
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Property Watch: Avoiding property fraud
PHUKET: Recently a video produced by a global news outlet about property and fraud in Phuket went ‘viral’. The video covered serious subject matter, involving people who had been injured and who had their rights violated. However, what many people I spoke to found, was that the presentation of the video and representation of Phuket …
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Phuket Pads: Mediterranean style in Rawai
PHUKET: While other real estate markets on the island seem to be struggling, the luxury villa sector remains steady, making room for those looking for unique, stylish villas jumping to buy. Such is the case with a five-bedroom Mediterranean inspired villa with stunning views from its rooftop. Located in Rawai Beach’s Saiyuan Med Village, this …
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Phuket real estate shrugs off Bangkok slowdown
PHUKET: In terms of property, Phuket seems to be worlds away from Bangkok, where the market has experienced a slowdown, mostly because the island is more affected by events outside of Thailand than inside the Kingdom, Robert Collins, managing director of Savills (Thailand), said earlier this week. Because the Bangkok market has dipped, three real-estate …
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Castlewood Group to open Phuket flagship, luxury hotel
PHUKET: Singapore commercial real estate developer Castlewood Group has announced the launch of their flagship luxury hotel development in Phuket, the Dream Phuket Hotel & Spa. This is the first project cementing the recently established strategic partnership with Début Hotel Group – a part of the New York-based Hampshire Brand, Hotel and Asset Management – …
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Dual expansion at Krabi Boat Lagoon
PHUKET: Two exciting projects will be unveiled by Krabi Boat Lagoon shortly, with one being a beach club near the marina and the other a third condominium building at the marina itself. Ms Sriya Yongsakul, Krabi Boat Lagoon’s deputy managing director, said at an exclusive interview with the Gazette last week that the long beachfront …
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By the Book: Tips on handling property transactions
PHUKET: With the island’s real estate market staying strong, some owners could be thinking of selling their property. If so, here are some tips for making this move. Establishing a Price Consider what you paid for the property, how long you have lived there, what similar properties have sold for, any improvements added, present condition …
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Property Watch: Hotel wars raging on Phuket
PHUKET: There is a war going on in Phuket. It’s not being fought on the street, or across the beaches, but in glittering hotel properties across the island. Both sides are squarely facing off against each other in trying to woo guests and conquer higher levels of occupancy and premium room rates. In this instance, …
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Supply overload shakes budget condo sector
PHUKET: The budget condominium segment in Phuket and many other cities in Thailand is now suffering from the large supply that has inundated the market over the past 5 to 7 years, Phanom Kanjanathiemthao, Managing Director of Knight Frank Chartered Company, said this week. This low-end market, with units costing from about 1.1 to 1.8 …
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Phuket Pads: Bargain Karon condo with beach view
PHUKET: Karon beach is the third longest on Phuket Island and located on the west coast between Patong and Kata. Karon Beach is also the second favorite holiday destination in Phuket. Recently, the Lonely Planet Guide named Karon Beach as one of the Top Ten Family Beach Holiday Destinations in the world. With its long …
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Supalai Lagoon a star performer
PHUKET: Making waves all the way to Bangkok is the recently launched Supalai Lagoon Condo because it has turned out to be one of this listed developer’s best performing condominium projects this year. Supalai Plc’s Chairman and CEO Prateep Tangmatitham said at an exclusive interview in the capital last week that it is this project’s …
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Luxury real estate prospers
PHUKET: One thing that I love about Phuket is the ability for luxury to live side by side with abject casualness. You could be sitting next to a multi-millionaire or a packaged tourist on the bar stool, as the ties that bind are the flip-flops adorning your respective feet. Islands tend to have little social …
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Across the Land: Container homes anyone?
PHUKET: Researching shipping container homes on the internet was an eye opener and it was fascinating how cool and creative some of these homes can be. There are definitely sustainable benefits from building a home with recycled shipping containers, but can it be a real home? Well, it looks like some countries have taken shipping …
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Property Watch: Waking up the ever-looming giant
PHUKET: Technically there is no specific way to jump-start a snoozing behemoth. Sure, a stun gun might do the trick or a slap on the face, but look at poor little Jack who had to scamper down that beanstalk. In Thailand’s current property market there continues to be a strategic emphasis on fishing where the …
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Myriad designs becoming more popular
PHUKET: As most villa projects in Phuket are individually owned and cater to the requirements of the individual buyer, one sees a plethora of interior designs ranging from very conservative to highly modern. However, those that are influenced by Thai architecture stand in sharp contrast to replicas of European styles. “Rightly called the Isle of …
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Property Watch: Island remains worthy investment
PHUKET: Like many Phuketians, I took a ‘green season’ break with my family. I chose Sydney and the Gold Coast, and inevitably a visit of this nature leads to comparisons with my home island of Phuket. Property investors interested in Phuket will also conduct their own comparisons and therefore agents, developers and owners who wish …
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Video Report: Sansiri launches mid-rise condo
PHUKET: There are panoramic views of the island with glimpses of the sea from the 14th floor of Sansiri Plc’s recently completed, mid-rise condominium The Base Height-Phuket, making it something truly special. With the starting price of a 30-square-meter unit, including all transfer expenses at the Land Office, coming to 1.99 million baht during a …
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Phuket pads: Modern architectural masterpiece
PHUKET: Loch Palm Golf Course’s five-bedroom villa has got to be the most unique and unusual property in Phuket, breaking every design and construction norm. Architecturally, the conceptual inspiration was drawn from the site and situation. Located on the edge of the Loch Palm reservoir and golf course, the site is positioned between two geometrically …
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Going up: Baba’s five-bedroom villas
PHUKET: Kicking into gear on Na Tai Beach, across the bridge in Phang Nga, is Charn Issara Development PLC’s riveting joint-venture project Baba Beach Club. The sales gallery has now been built and construction crews are busy building five-bedroom villas. Vorasit ‘Wan’ Issara, managing director of Sri Panwa resort, said that Charn Issara, which is …
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Penang, Phuket: islands of irony
PHUKET: Penang and Phuket share many historical and cultural similarities and recent similar events in their property markets show that the sister islands still have much in common. On a recent trip there, courtesy of Firefly Airlines, to join Penang’s heritage celebrations, I was introduced to a small Thai enclave in the northern quarter of …
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Royal Phuket Yacht Club to reopen
PHUKET: Excitement is building up across the island over the upcoming reentry of the iconic Royal Phuket Yacht Club in January. After an expansive 18-month upgrade, the Royal Phuket Yacht Club, which in 1986 was the island’s first luxury hotel, will now reopen under the name ‘The Nai Harn’ on January 16, 2016. Over the …
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By the book: Not all doom and gloom on Phuket
PHUKET: People who spend time on Phuket or reside here will surely have heard expats grumbling about the island’s property market. Of course there are some nagging issues: there is a lack of easily accessible information for buyers, similarly and most certainly a lack of regulation and there is no Multiple Listing Service [MLS]. However, …
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Property Watch: New chapter for Vietnam property
PHUKET: A few weeks ago I found myself, once again, on the central coast of Vietnam in Danang. Over the past decade, the city has undergone a massive transformation and despite the old school charm of tree-lined avenues and the penultimate buzz of Asian-flavored street life, towering skyscrapers are starting to dot the horizon. My …
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Chinese funds trickle down to Phuket
PHUKET: The expected rush of Chinese money to overseas safe-haven properties after the recent crash of Shanghai’s stock market is an unlikely surge for this popular resort island, which will continue attracting some of the outflow, but less than what people might expect, Robert Collins, managing director of Savills (Thailand), says. It is clear that …
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Property watch: All about crunching numbers
PHUKET: Part of the buzz of the property market in Phuket is that Phuketians, foreign and Thai, have land and property in their blood and love discussing values. However, there are other numbers and number-crunching functions involved in the property game. The functions of property have transformed radically over the last few decades and the …
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The Deck condo zooms ahead
PHUKET: Major property developer Sansiri Plc’s new condominium, The Deck, is attracting interest from both Thai and international buyers. The draw is likely a result of the condo’s prime location in the heart of Patong and the fact that construction is now 100 per cent complete, with just the final stages of architectural and interior …
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Phuket Pads: Nai Harn condo goes big
PHUKET: Nai Harn Beach, which some say is one of the most popular on the island with the nearby lake attracting many tourists and locals who regularly walk or exercise around it, is getting the biggest condo development in the south of the island, due for completion in 2017. This is a much welcomed addition …
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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 …
