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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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Koh Samui To Follow Phuket In International Reopening

Category: Tourism, Posted:19 Jun 2021 | 16:29 pm Leading tourism news out of Thailand has the government’s CCSA (Centre for Covid-19 Situation Administration approve in principal a plan to open a sealed route to Samui in mid-July. The plan covers the three islands of Koh Samui, Koh Tao and Koh Phangan and would require travelers to first stay in an ASQ hotel for […]
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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]