TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

PROPERTY TRENDS 2009 Top 5 Phuket Storylines

Category: Real estate, Posted:31 Dec 2009 | 09:50 am

On the final day of the year let's take a quick glance back at what story's made the headline and created a buzz with buyers, developers and agents –
1.Resales
Back of the GFC (global financial crises) which amplified buyer's risk concerns resales became a major segment in resort grade real estate this year and is the dominant storyline for the year that many property developers can't wait to end.
2.Villa Rentals
As more completed product became available both supply and demand saw substantial increases during the year. The number of dedicated web sites grew steadily, agents shifted business models to attract revenue and international hotel brands supplied management.
3.Shared Ownership
Fractional ownership became an industry talking point back of the launch of yooPhuket and the highly publicized Absolute group's vacation ownership projects. Going into a new decade this sector clearly is set to grow.
4.Hotel Branded Developments
This trend has continued to remain hot despite the cooling off of the broader market. A number of new mixed use projects are in the pipeline which will most likely see the light of day in 2010.
5.Launchless
For the first time in many years there was profound restraint in new project launches. With the number of significant products debuting, which could arguably be counted in one hand, the sideline remains currently crowed with standing room only for developers who remain gun-shy.

Other News

Read more

C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
Read more

Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
Read more

Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
SiaJai logo

Thailand's Leading Homecare Marketplace