TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

PROPERTY BUZZ TERMS Zombie Mansions

Category: Real estate, Posted:13 Jan 2010 | 06:00 am

Thought to be originated by the Wall Street Journal to describe the growing legion of vacant multi million dollar luxury properties in the United States.
As the financial crises continued to spiral over a two year period a combination of speculative building and the inability by developers to sell premium real estate coupled with financial defaults to banks with resulting foreclosures saw a rise in what has not become a phenomenon known as Zombie Mansions.
With no signs on the horizon in many markets for an upswing either in sales or those ill advised negative equity investments the growing number of these mega properties which are abandoned remains on the upswing.
There have been no reports from Hollywood yet as to whether either a reality based TV show or else movie franchise like the 'Twilight' series will be looking at incorporating the term into an entertainment offering.

Other News

Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
Read more

GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
Read more

Phuket Brand Conversions and Affiliations Ramp Up as Tourism Rises

Category: , Posted:06 Feb 2024 | 09:45 am Back of surging tourism numbers. Phuket hotel owners and developers are increasingly looking to convert to brands or affiliate to soft brands. The 274-key Village Coconut Island Beach Resort is part of the Spanish hotel group Barcelo. Now known as Barcelo Coconut Island, it is located on Phuket’s east coast on Koh Maphrao. Barcelo has […]
SiaJai logo

Thailand's Leading Homecare Marketplace