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Sri Panwa reveals modern tropical life in Phuket, Phang Nga

Legacy Phuket Gazette

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Sri Panwa reveals modern tropical life in Phuket, Phang Nga | The Thaiger

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 and Ditawat, on February 7 at Sri Panwa Phuket Hotel in Cape Panwa.

The second phase of Sri Panwa Phuket Hotel – costing 800 million baht – will be complete in November.

“We are targeting both Thai and foreign markets. Our aim is to be the leading contemporary tropical retreat in Asia. About 40 per cent of our customers last year were return guests,” explained Mr Vorasit.

The second phase, with 20 pool-suite units and 30 penthouse units, will be situated facing westward, offering unadulterated views of Cape Panwa as the sun falls behind the hills below Big Buddha every night, explained Mr Vorasit, Sri Panwa’s managing director.

“Each unit has its own infinity swimming pool and offers all the comforts of modern luxury living,” said Mr Vorasit.

“The suites are located just steps away from the new Baba restaurant and Cool Spa.”

The going rates for a 70sqm pool suite in the second phase of Sri Panwa will be 21,000 to 28,000 baht per night, and 32,000 to 46,800 baht per night for a penthouse.

“There will not be many difference between the two phases, but we have chosen a brighter color palate for the second phase. It has been designed in the same signature Sri Panwa contemporary tropical theme,” said Mr Vorasit.

“The new pool suites and penthouses offer accommodation of the highest quality, maximum privacy and superior service.”

About 20 minutes north of Phuket International Airport – just far enough for a weekend away from Phuket – will be Baba Beach Club, on a 180-meter-long beachfront at Phang Nga’s Natai Beach.

“The 3.02-billion-baht development, set to open next year, has a modern tropical design which is unique, luxurious and comfortable. The private villas will be situated in the jungle of Phang Nga with brilliant views of the Andaman Sea,” Mr Vorasit said.

The Baba Beach Club has 16 beach-club-style hotel rooms; six five-bedroom beachfront villas; 36 two-bedroom pool villas; 28 one-bedroom pool suites; 68 1-bedroom suites; and eight two-bedroom penthouses.

The project will offer facilities including a beach club, community mall, bar and restaurant, fitness center, swimming pools, parking, 24-hour reception services, security and house-keeping services.

“Besides the private villas and on-site facilities, we will also offer guests a wide variety of additional activities, such as yacht charters, golfing, shopping, boat trips to nearby islands, safari adventures, canoeing, elephant trekking, horseback riding and hiking,” explained Mr Vorasit.

“Baba Beach Club is designed so that our customers – both buyers and renters – can experience the best of Phang Nga, both jungle and sea.”

— Chutharat Plerin

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Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

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Bangkok

Stricter controls and paperwork putting brakes on residential property market

The Thaiger

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Stricter controls and paperwork putting brakes on residential property market | The Thaiger

The honorary president of the Thai Housing Business Association, Atip Bijanonda, is tipping the local residential market may fall by up to 10% this year starved of economic confidence, the global economic slowdown and the loan-to-value limits.

But he also believes the situation is far from the situation leading up to the 1997 economic collapse.

The Greater Bangkok residential market is now valued at 372 billion baht (in 2018). That’s a rise of 29% compared to the year earlier. So the drop this year is off the back of a very successful 2017.

For this year the market has fallen by 5%, according to the Thai Housing Business Association, with the largest declines in Q2, in retaliation to the LTV limits taking on April 1.

Some of Thailand’s major developers are now shelving some projects as the market soaks up a glut of properties constructed over the past two years.

Three property associations – the Housing Business Association, the Thai Condominium Association and the Thai Real Estate Association – are having meetings with the finance minister discussing the current property market.

Topics for discussion are the improvement in property regulation, construction permits, licences and stricter controls over developers and lending. The associations also want to discuss the current delays on Environmental impact assessments (EIAs). They say that since the responsibility for EIAs was handed over to the Bangkok Metropolitan Administration from the Office of Natural Resources and Environmental Policy and Planning in 2016, the process is now taking much longer.

Speaking to the Bangkok Post, Kobsak Pootrakool, deputy secretary-general to the PM for political affairs says that stricter lending criteria and the LTV rules are the main factors obstructing mortgage approvals for homebuyers

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Bangkok

14% of condos around Bangkok are empty – good time to buy

The Thaiger

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14% of condos around Bangkok are empty – good time to buy | The Thaiger

Looking for a condo around Bangkok? Now might the right time to take the plunge with the head of the Appraisal and Estate Agents Foundation saying some areas have between 8-14% vacancy rates, some areas of Bangkok up to 17.5%.

Dr Sophon Pornchokchai made the remarks at a news conference yesterday.

“Adding developer price wars, plus inducements to purchase, this represents a buyers’ market.”

He says the figures relate to condos, single houses, townhouses and other dwellings where less than 15 units of electricity were being used, deeming them to be classified as ‘unoccupied’.

Around Bangkok there are 525,889 such vacant properties.

The top three areas for vacancies were Nonthaburi (north west of the central area) with 335,421 available properties with 45,848 unoccupied or 14%. This percentage was also true of Bang Na (south east of Bangkok) with 231,192 properties, 31,289 unoccupied. Bang Yai – to the far north west of the capital – has 221,492 with 28,016 unoccupied or 13%.

Locations with the lowest unoccupied dwellings are Bang Plee (south east) with 8% unoccupied, Min Buri (north) 9% and Lat Krabang (south east) 9%.

Dr Sophon says that when it comes to condos in Bangkok and the surrounding areas, between 13.5% and 17.5% are unoccupied.

“This glut has prompted a selling war with discounts and deals.”

FazWaz‘s CEO Brennan Campbell says that we’re in part of the buying cycle right now that is definitely in the buyer’s favour.

“Long-term, the Bangkok market continues to show its strength, but there is definitely an enormous range of property to choose from, in almost every location, right now. The current dip in demand is just part of the cycle.”

SOURCE: Daily News

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Phuket

Wyndham adds two more hotels for Phuket’s south

Bill Barnett

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Wyndham adds two more hotels for Phuket’s south | The Thaiger

PHOTOS: Artists impressions of the new Wyndham Nai Harn Resort Phuket

Global hotel group Wyndham has announced two more Phuket pipeline hotels. The announcement follows a long list of new developments and openings over the next few years on the island.

First for Wyndham, is a 353 key property named the Wyndham Nai Harn Resort Phuket at the popular southern west-coast beach. It’s scheduled to open late this year.

A second hotel is located in Chalong, with 150 pool villa units and will debut next year. Both properties are developed by the Cissa Group.

The group already has three properties on the island – Wyndham Grand Phuket Kalim Bay (between Kalim and Kamala), the Wyndham Sea Pearl Resort Phuket, overlooking Patong on the Patong Hill road, and Ramada by Wyndham Phuket Deevana Patong, a rebranding of an older hotel.

Wyndham adds two more hotels for Phuket's south | News by The Thaiger

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