TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

PHUKET LAND SCANDAL Politics Or Passion?

Category: Real estate, Posted:11 Mar 2012 | 11:02 am

The latest round of Phuket land investigations continue to hit media headlines.
A well known hotel site on the Patong Headland called Freedom Beach seems to have been the rallying point for a series of new Bangkok led probes.
Under the microscope are both raw land parcels and hotel and residential projects that cover the island from the south in Rawai up to Kamala, Patong and Nakalay.
For the most high priced west coast land appears to be the most contentious.
Corruption, flying titles and land grabs on public and national forestry real estate appears to be the common denominator.
I have to admit after being in Phuket over a decade land scandal investigation's tend to make me yawn.
Is this a real effort by the government to rectify abuses or is it a matter of politics aimed at an out of favor Democrat dominated island?
What's unfortunate is the volatility that is created by sensational headlines for foreign investors who often don't' understand the lay of the land.
One step forward or two steps back? The issues under the latest round of scrutiny are not new ones, nor do most local business folk expect them to be resounding or final.
The best advice for the moment is take a 'wait and see approach', and perhaps another cup of coffee to clear the sleep from my eyes.

Other News

Read more

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
Read more

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
Read more

New Phuket Marina Opening Before Year-end

Category: Tourism, Posted:12 Apr 2024 | 15:03 pm A new marina on the island’s East Coast in Ao Makham named ONE° 15  Marina Panwa Phuket will open in the fourth quarter of the year. Developed by Singapore’s SUTL Enterprise along with Thailand’s Numchai Ocean Transport Company, the facility will accommodate yachts up to 120 feet in length. SUTL, led by Singaporean Arthur Tay […]
SiaJai logo

Thailand's Leading Homecare Marketplace