PROPERTY TRENDS 2009 Top 5 Phuket Storylines
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 –
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.
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.
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.
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.