How proptech shapes Thailand’s real estate future
Thailand is experiencing a pivotal technological transformation in the real estate sector, reshaping our understanding of residential and commercial spaces. With an increasing demand for innovative office solutions in Bangkok, traditional setups are transitioning to modern concepts such as hotdesking, collaborative team spaces, and telecommuting...
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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 …
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Nai Harn Beach Condos on top
PHUKET: In the highly competitive condominium arena it takes a lot to get ahead, and among those that have done so is the stunning Nai Harn Beach Condominium, which recently won applause for its low-density structures. The development is nestled into a prime location on the island, cheek by jowl to Nai Harn Beach, which …
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Phuket Pads: Winter birds looking to cash in on Phuket property market
PHUKET: More and more resorts and hotels in Phuket are offering excellent guaranteed rental returns for properties that buyers are looking to use themselves for only a short period each year. The rest of the year, the property is expected to generate rental income for its owners. This week’s property offers exactly that. Priced at …
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Phuket’s secondary property sector drifts into autopilot mode
PHUKET: A familiar term for anyone with children is, ‘Where do we go from here?’ Those inquisitive, blank, questioning looks that penetrate deep into the heart of the seemingly innocent question about what’s next? Lately, the topic seems to have shifted to adults in the island’s real-estate trade. It’s been nearly a decade since the …
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By the book: Demand for Phuket rentals outpaces supply
PHUKET: The rental market in Phuket in recent years has been very strong, with rental prices increasing across the island, giving owners very attractive returns on their investment. This surge in strength in the rental market has coincided with increasing tourist arrivals, which has led to demand for rental properties outpacing supply. Good rental properties …
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Sansiri says “Now or Never’ with latest Phuket campaign
PHUKET: Sansiri has launched a “Now or Never” sales campaign, which will see some of the best units available in six Phuket developments up for grabs at special prices through June. The property development company held an event launching the campaign at Central Festival Phuket that concluded on April 1. “We have a limited number …
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Property Watch: Evolution of property – Multi-pronged approach to cashing in on Phuket market
PHUKET: There is nothing wrong with short-term goals, striking while the iron is hot and being commercially opportunistic for a profit, if this is all balanced with a long- term view. This principle also applies to the property market in Phuket. I recently saw an adviser inform a client interested in property in Thailand, that …
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Phuket’s re-sale market shows value
PHUKET: Most re-sale properties in Phuket are priced lower than comparable new developments, a trend clearly highlighted in the data accumulated in Siam Real Estate’s 2014 Phuket Residential Market Report. In Phuket and the rest of Thailand, most buyers prefer brand-new properties. There are many reasons for this: new properties have never been lived in; …
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Hua Hin offers lessons for Phuket’s developing property market
PHUKET: For Thais, there is little doubt that Hua Hin remains a keen object of desire, be it for a holiday, or a property purchase. Call it legacy, or location, but the magnetic draw of the beach town continues to be a key driver of demand. A few weeks ago I visited the destination and …
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Property: Self-centered Patong lures seven new hotels
PHUKET: Patong remains Phuket’s epicenter of development, as it attracts seven new hotels to its shores. Hoteliers investing in Patong see the non-seasonal beach as establishing a stable market, while some believe that other beaches such as Kata and Nai Thon are perceived by visitors as being more seasonal, explained Bill Barnett, managing director of …
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Phuket Pads: Take to the hills for stunning views
PHUKET: Aside from the wishful thinkers who request beachfront properties, the majority of inquiries for properties in Phuket are for those with a sea view. Thankfully, as the island boasts 70 per cent hillside coverage, there are many properties on the island that fit this criteria. It all really depends on how close of a …
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Pricing Phuket Plots: The attractive north
PHUKET: If one single fact has become evident in Siam Real Estate’s Residential Market Report 2014, it is that since the tragic tsunami on Boxing Day 2004, land prices in Phuket have tripled in value. The surge in prices has been led by land prices on the west coast, most notably in the traditional and …
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Across the land: Harvesting monsoon bounty
PHUKET: Those of us who have lived in a tropical country nearly all our lives tend to take rain for granted. We regularly forget that it’s the rain that keeps the plants a lush green, while also providing for our everyday water-usage needs. My grandmother used to collect rainwater in big Chinese urns in the …
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Phuket Pads: Kathu – A golfer’s paradise
PHUKET: Kathu, in the center of Phuket, has a number of advantages over other locations on the island when it comes to residential property. Its central location means that it’s as easy to get to Patong on the west coast, as it is to visit Central Festival shopping mall, or Phuket Town on the east …
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Property Watch: Battle of the properties
PHUKET: I was a big fan of the ideas behind Planet of the Apes and the subsequent movies, even the remakes. “Don’t touch the filthy humans!” had a good ring to it and penetrated straight through our general human – though often misplaced – feeling of superiority. In Phuket, I have witnessed a battle between …
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Property: Working a wider Angle
PHUKET: One picture is worth a thousand words. Make it a panoramic picture or a virtual tour, and it becomes even more valuable, especially in the competitive world of property sales. Geoff Whitlie of Panoramas Thailand has proved this formula successful in Koh Samui – now he is expanding to Phuket. Before the internet, the …
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Phuket Pads: Luxury villa shortage in south
PHUKET: The south of the island is facing a shortage of new upmarket villa developments. There are two main reasons for this: higher land and material costs, and more buyer demand for two-bedroom to three-bedroom villas on smaller plot sizes. However, a home is up for grabs in one of the first upmarket luxury villa …
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Sri Panwa reveals modern tropical life in Phuket, Phang Nga
PHUKET: The family powerhouse behind Charn Issara Development Public Co Ltd is launching new developments at Phuket’s breathtaking Cape Panwa and another just over the bridge on Natai Beach in Phang Nga. The two projects are part of a series of 11 new developments throughout Thailand, announced CEO Songkran Issara, along with his sons Vorasit …
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Expectations high at the Phuket Real Estate Show
PHUKET: Expectations are high among the property developers promoting the latest condos and houses for sale in Phuket at the Phuket Real Estate Show at Central Festival Phuket Visitors at the show, which got underway on Thursday, can expect to find some excellent deals and promotions at the fair from the variety of properties on …
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Diamond Condominium: building on strong foundations
PHUKET: All good projects begin with strong foundations. To make theirs even stronger, the developer of Diamond Condominium in Cherng Talay inaugurated an environmentally friendly piling system called “Hydraulic Static Pile Driver” at the initial stage of the project’s construction. Following the official land blessing ceremony in mid January, the first of 768 piles was …
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Phuket Pads: Next stop – Layan Beach
PHUKET: It is common knowledge that land prices on Phuket have multiplied several times over in the past 10 years, and land prices on the west coast have become out of reach for most buyers, except for large developers, hotels and resorts. The future for smaller developers and individual private buyers is inland and north …
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Commitment keeps a restaurant alive
PHUKET: What makes a restaurant successful? Many will say it’s the location, but the owners of Rodizio Brazil restaurant add “commitment” to this list, as they prepare to let go of one of their Patong ventures. It’s been a year and a half since Rodizio opened in Patong, in a narrow lane off the beachfront …
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Property Watch: Community lifestyles and property value
PHUKET: At this time of year when we are all thinking about our objectives for 2015, it is also time to reflect on the direct and indirect influences that affect the value of our properties in Phuket. How can you take affirmative action to maximize any possible appreciation of your Phuket property investment?COMMUNITY CREATION My …
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Property: Choose unique, not common
PHUKET: The clothes we wear, the cars we drive, even the food we eat are all, to a certain extent, a way in which we express ourselves. So are the houses we live in. Make it your own, says the developer of Andaburee Phuket, a new custom-built pool villa project. Unique and custom-made are the …
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Phuket Pads: Smaller villas all the rage
PHUKET: The Phuket property market has remained fluid over the past 10 years. Crises have come and gone, yet the property market has remained surprisingly resilient. Buyers have benefited during this time period, as developers have adapted their offerings and prices to meet the budgets of overseas clients. Five years ago there were few off-plan …
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Phuket’s NBC targets expat freehold condo market
PHUKET: High demand for condominiums coupled with an oversupply of new units has led the developers of Naiharn Beach Condominium (NBC) to turn their attention to the island’s south, where they say attractive locations for new developments are easier to come by. “The number of places left for freehold condominiums is very limited,” says Fredric …
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Across the Land: Phuket as an island haven has room for improvement
PHUKET: Thailand recently made the top 10 list of The Retirement Havens for 2015 by International Living, coming in at 10th place. The only other Asean country that made the list was Malaysia, which is sitting pretty in third place. In Thailand, there are multiple locations for retirees to live, whether they prefer the hustle …
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Royal Phuket Marina brings luxury to central Phuket
PHUKET: Phuket is changing in front of our eyes. And where some see trouble, others see opportunity. One of the latter is Royal Phuket Marina (RPM), whose latest development, La Reserve, is a luxury condominium property for the new, changing Phuket. “Phuket is turning into a proper city, a proper town,” says Ian Spurdle, RPM’s …
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Phuket Pads: The island’s chalk and cheese
PHUKET: Phuket is, in many ways, becoming similar to Pattaya, with more and more cheap condos popping up in Patong, Kathu and other areas of the island. One-bedroom units from 1-3 million baht are becoming the norm to cater to the once-a-year tourist, and Thai investors are becoming eager to make an investment in Phuket’s …