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Laem Ka Four Seasons Site Taken Off Market

Category: Real estate, Posted:26 Jul 2009 | 09:51 am

One of Phuket's highest profile land parcels, the oceanfront 150 rai Laem Ka site in Rawai which was planned to be a Four Seasons resort has reportedly been taken off the market. The property which was a partnership between the defunct Lehman's financial institution and Singapore listed firm Hotel Properties Limited had considerable interest in the marketplace. While 12-18 months ago land valuations were looking at THB 15-18 million baht per rai for similar sites, it was widely speculated that recent offers were in the range of THB 8-10 million baht range.
Industry watchers have been keenly following the intended transaction due to its significance on effectively resetting land prices. A turn for the better in the global economic situation may be coming into play and investors now looking at a broadening horizon for holding land rather then cutting prices.

Other News

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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]