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London "Ghost Luxury Apartments" Growing

Category: Real estate, Posted:28 May 2015 | 06:00 am

I've just read an article in Singapore's Business Times about mounting concern over the growing market of London Ghost property.
The trend is tagged "buy-to-leave" and is in a nutshell driven by foreign real estate buyers speculating on capital appreciation of upscale London apartments.
While a mounting segment of end-users are scrambling with find rentals, a legion of properties are being kept vacant for longer-term flipping.
There is pressure on local-government authorities to place restrictions on owners to either occupy or else rent out their units.
Over the past three to four years Phuket has experienced a ramp up of small cheap apartments and it's likely that supply and demand will see the island have it's very own 'buy-to-leave' issue in the short term once these projects complete and handover.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]