Krabi's Destination Resort Project 'The Cove' Calls It Quits

Category: Real estate, Posted:20 Oct 2010 | 07:46 am

The developers of the mega mixed use destination resort The Cove Krabi have announced the project is being wound down and will be put up for sale. A price point of THB2.7 million a rai has been set, or total of THB1.242 billion.
CEO John Grice of Asian Tropical Homes Group points to global economic and Thailand's politic issues as key deciding factors by the shareholders.
Located south of Krabi in Haad Yao with 460 rai of land, a Colin Montgomerie golf course and multiple international hotels and residences, the project had gone to the property market with an initial offering prior to the US led crisis.
As Thailand's domestic economy continues to recover, a number of previously stalled resort projects in key areas are being marketed for sale or restructuring.

Other News

Phuket’s Massive Bangtao Property Surge Set to Reset Destination

Category: Hotels|Real estate|Tourism, Posted:05 Nov 2023 | 11:08 am Phuket’s once-quiet beachside west coast community of Bangtao is experiencing an unparalleled surge in real estate development. According to new research from C9 Hotelworks, there are currently 7,842 condominium units (click to see upcoming project map). Added to the supply influx are just over 2,400 upscale and luxury homes, which equate to a pipeline of […]

New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market

Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway. It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]

Tourism recovery and branded residences top C9 Hotelworks new Niseko market report

Category: Hotels|Tourism, Posted:31 Oct 2023 | 11:29 am C9 Hotelworks new Niseko Tourism and Property Review has just been released and shows a flight to brands. The report highlights that 74% of pipeline projects are branded. In the wake of Niseko’s official border reopening in October 2022, the area has witnessed a substantial influx of visitors, reaching 2.6 million in YTD2023. This represents […]

More Insider News