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Phuket Residential Property Sales Spur Banyan Tree

Category: Real estate, Posted:30 Aug 2012 | 06:00 am

A recent media piece in Asia property report highlighted the fact that listed Banyan Tree Holdings saw its net profit boosted by residential real estate sales at Laguna Phuket.
The second quarter of the year saw a movement of 13 units including a Banyan Tree Pool Villa, units at the Lofts, Laguna Village Townhouses and two units at the affiliated Bangkok and Lijiang China properties.
Interesting that a comparison made on year-to-year sales in the article is that just two units were sold in the same period in Laguna Village in 2011.
While the property market on the island remains challenging there is some light at the end of the tunnel in terms of demonstrated pick-up in demand.

Other News

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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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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 […]