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PHUKET REAL ESTATE Rampaging Thai Baht Adds to Woes

Category: Real estate, Posted:27 Jan 2010 | 06:00 am

PHUKET REAL ESTATE Rampaging Thai Baht Adds to Woes
A strengthening Thai Baht is creating a negative factor for foreign property buyers of resort grade real estate in Phuket. As the currency has appreciated against the US dollar and broken the exchange rate barrier of THB 32 other key buy currencies such as the UK pound sterling continue to flounder on sluggish economic recovery concerns.
Added into the mix is that a skyrocketing secondary market in terms of listings and supply is now cutting heavily into developers off plan or partially completed unit sales. For many earlier buyers, there is now an added incentive to sell based on Thai Baht prices as they look to capitalize on not only property valuation but currency as well.

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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]
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Asia’s Largest Hotel Investment Conference Next Week

Category: , Posted:16 Oct 2020 | 15:28 pm HICAP, Asia’s biggest hotel investment event of the year is set for next week in a 3-day virtual format. Scheduled for 21st to 23rd October, this is the first year the conference will be live online and not in person, in Hong Kong. C9 Hotelworks Bill Barnett will be moderating a special Thailand panel of […]