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Bangkok Developers Steaming Into Phuket

Category: Real estate, Posted:18 Feb 2011 | 06:00 am

While foreign demand has continued to flatline in broad terms for Phuket property, domestic demand is the real storyline for real estate on the island.
Setting to cash in the trend which was once pioneered by Land & Houses and later Supalai are now groups such as Pruska.
Recently the group launched a 248 unit project in Thalang which is now nearly sold out. While pricing points remain low in the segment THB1.5 to 4 million, volume is driving the strategy.
With a focus on the mass or low income market, margins and efficiency continue to focus on cost reductions and economies of scale to be able to retain profit levels.
Expect more of these type of projects to enter the supply stream of the coming few years.

Other News

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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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Three More Thailand Sandboxes Join Phuket On Tuesday

Category: Tourism, Posted:09 Jan 2022 | 20:33 pm The Thai government has added three more  Sandbox destinations along with Phuket for vaccinated international travelers. Effective on Tuesday 11th January 2022, Phang Nga (including Khao Lak), Krabi, and Surat Thai (Koh Samui, Koh Pha-ngan, and Ko Tao) will be open to Sandbox visitors. The current Sandbox restrictions mean a minimum of seven-night stays in […]
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Choice Brand For New Phuket Hotel

Category: Hotels, Posted:30 Dec 2021 | 09:37 am The new upscale Quality Resort and Spa Patong will open in early 2022. Quality is a brand under Choice Hotels International, and the property is operated under a master-franchise agreement with a third-party management group La Vie Hotels & Resorts. La Vie currently operates a number of hotels across Asia Pacific. With 88-rooms, the Quality […]