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Phuket Airpark Future Remains Uncertain

Category: Real estate, Posted:10 Dec 2011 | 06:00 am

Documented legal proceedings in the Thai media between the developer of the Phuket Airpark and an investor has cast a shroud of uncertainty over the residential-led project.
In what had been a unique property inspired product, an airpark for private planes on the island's east coast and house plots has encountered financial and now what appears to be larger issues.
With the apparent inability of the developer to fund the project to completion, plots sold to investors and new litigation, there is no telling what lays in the future for the Phuket Airpark.
In the meantime anxious Bangkok listed property developers and scouring the middle of the island and inner areas of the east coast for large land parcels in order to bank for future domestic residential projects.

Other News

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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]