TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

PHUKET ESTATE MANAGEMENT Jones Lang LaSalle Target Growth

Category: Real estate, Posted:11 Feb 2010 | 06:00 am

Leading global firm Jones Lang LaSalle (JLL) back of its Thailand branch is reportedly actively pursuing a growth strategy back of estate management and resort rental operations. While broad real estate transactions have flattened out the past 24 months on the island the group appears to be making a tactical move similar to that of other international brands CBRE and Knight Frank who need recurring income to manage cash flows.
As the property market remains challenged both larger and smaller firms are tapping into management of villa estates, condominiums, free standing units which are now just entering the supply steam back of projects sold off plan during the island real estate boom. Currently JLL's estate management contracts are in double digits and include high profile Cape Yamu (now called The Cape, and The Bay) along with a variety of other development.
Vacation and long term rentals are another target of brokers now aggressively seeking new business models. Non-traditional accommodation is sky rocking and becoming a key competitor to Phuket's hotels with its substantial critical mass of resort grade property.

Other News

Read more

PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
Read more

Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]
Read more

Two Neil’s For Six Senses

Category: Hotels, Posted:03 Oct 2021 | 17:35 pm Veteran Asia-Pacific hotelier Neil Palmer has been named Chief Operating Officer of Six Senses Hotels Resorts Spas. Palmer is best known as a stalwart executive at Starwood Hotels & Resorts. Meanwhile, Neil Jacobs continues in his role as Chief Executive Officer. Former Six Senses COO Guy Heywood has moved to boutique chain Habitas Hotels.