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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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 …
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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 …
