Phuket Residential Property Sales Spur Banyan Tree
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.