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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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Sandbox Vaccine. Young Turks. Hotel PR Tips

Category: Tourism, Posted:10 May 2021 | 06:00 am Hey Monday. Late last week word was that the Phuket Sandbox remains on course, despite the current outbreak. Time will of course tell, as island hotels are reeling in what is nearly a travel lockdown to Phuket. With hotel occupancies in single digits and restaurants unable to serve alcohol, business levels are hitting pandemic lows. […]
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Who’s Caesar And Phuket’s Fastest Growing Hotel Group

Category: Tourism, Posted:04 May 2021 | 06:00 am Welcome to the latest Thai Road Trip episodes from C9 Hotelworks and Delivering Asia Communications. Listen to the Executive Director of Jee Teng Hospitality talk shop and what’s next. We also get out the kitchen and into the dining room handcrafted tableside food service. Check these two now – Inside Story. A Phuket Hotel Group […]
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Sandstorm In the Sandbox

Category: Tourism, Posted:03 May 2021 | 09:39 am All eyes this week locally are on the fate of the Phuket Sandbox which remains a work in progress. The second round of local vaccinations were planned to start this week but given Thailand’s third wave it’s unclear whether the process can move on the expected timeline due to vaccinations being deployed elsewhere in needed […]