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Engel And Voelkers Phuket Office Shutting Down

Category: Real estate, Posted:25 Oct 2017 | 14:35 pm

The Phuket branch of international real estate brokerage house Engel and Voelkers in Cherngtalay is set to close at the end of October.

Operated under a franchise by DWK Reality Co, Ltd. The closure notice cites growing competition from online and social media models that are challenging brick and mortar businesses.

DWK has said they will be looking into other business opportunities in Hua Hin and Phuket in the retirement property sector in the future.

As online models have increasingly grown to take on traditional real estate brokerage the same can be said for Thailand’s retail segment and we expect similar right sizing in the years ahead for the country’s massive mall industry.

Other News

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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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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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