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Bangkok Condo Property Bubble Warning

Category: Real estate, Posted:27 Aug 2010 | 06:00 am

After a bull run in the largely domestically fueled Bangkok condo market there is growing concern about a possible bubble back of widespread speculation.
Industry estimates have placed levels as high as 25% where units are handed over to buyers and they continue to remain vacant.
A key hot spot of concern is on purchaser defaults where buyers walk away from down payments once interest rates go higher or else values start to drift.
As pricing continues to be robust in the nation's capital for many the 1997 Asian contagion continues to be an unwelcome ghost of the past.

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Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
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Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
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New C9 Hotelworks Phuket Hotel and Tourism Update Released

Category: Hotels|Tourism, Posted:05 Sep 2022 | 20:15 pm Since the easing of travel restrictions in Thailand, pent-up demand has continued to push travelers to Phuket.  The first half of 2022 created positive market sentiment, as the Island welcomed 1.78 million visitors, a 342% increase over the same period last year. European source markets delivered higher volumes in the first quarter, while Asian source […]
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