Phuket's Zoning and Development Laws Under Fire

Category: Real estate, Posted:02 Sep 2010 | 06:00 am

Developers and environmentalist's look set to do battle over the Provincial Government's sponsored dialogues on the existing General Development Plan 2005.
It's understood that new zoning regulations for the island are currently under consideration at the Ministerial level for Phuket. Tasked with this is the Department of Public Works and Town & Country Planning which fall under the Ministry of the Interior.
For real estate developers who have been hit hard over recent changes to Phuket's environmental act and then southern Phang Nga's new beachfront zoning amendment, expect more volatility in the near future as part of the land planning process continues to take on an aura of uncertainty.

Other News

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

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 […]

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 […]

More Insider News