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HIGH SEASON PROPERTY SURGE Will Bonus Market Return?

Category: Real estate, Posted:16 Feb 2010 | 06:00 am

One of the most overlooked drivers of high end Phuket real estate the past decade has been the mega bonus phenomenon in nearby Hong Kong and Singapore. For much of the past 10 years bankers, financial services and those working for blossoming Asian enterprises enjoyed huge annual bonus windfalls.
While 2007 to 2008 were no doubt a glitch in the cycle, company earnings are now back in full force and Asia has indeed led the global market recovery. For the Phuket property sector the question is, will this coming season see the return of these buyers?
All too often there is a misconception between tourist high season and a correspondence to this driving property. While in the broader market this is more relevant at the upper end hope springs eternal with the virtually coming of spring and announcement of individual bonuses.
While some pundits have correctly speculated the in the age of luxury guilt some companies may be looking at stock offerings or non cash payouts, in the broad terms the local industry is seeing an uplift in transactions and potential buyer activity.
In a market where cash remains king, no doubt the twining of cashed up buyers and real estate sold for cash create a potent mix.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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