TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

REAL ESTATE UPDATE Bangkok Developers Flocking To Phuket

Category: Real estate, Posted:13 Jul 2011 | 08:42 am

While most assume the peaceful election has been the trigger, in talking to a number of sources the property hunters are primarily motivated to move to greener pastures from the CBD given intense competition and escalating land prices.
Most acquistion pricing is ranging from THB3 – 5 million baht per rai with the focus on larger inland located parcels.
At the same time there is a resurgance of interest by overseas investors in development land mainly from Singapore and Hong Kong based groups. These tend to be driven to more prime locations.
We've seen planning for some smaller villa projects recently with 3-6 homes even on the upscale Natai beach region which are being driven by overseas investment.
During the global financial crises in 2007/2008 this was the hardest hit sector in Phuket property.
On the domestic front, a potential looming threat is a government mandated miniumum wage of THB300 baht. According to an article in today's Nation newspaper the Thai Contractors Association is quoted that building costs could escalate as much as 9-11% lead by labor costs and a resulting surge in building materials.

Other News

Read more

Phuket’s Massive Bangtao Property Surge Set to Reset Destination

Category: Hotels|Real estate|Tourism, Posted:05 Nov 2023 | 11:08 am Phuket’s once-quiet beachside west coast community of Bangtao is experiencing an unparalleled surge in real estate development. According to new research from C9 Hotelworks, there are currently 7,842 condominium units (click to see upcoming project map). Added to the supply influx are just over 2,400 upscale and luxury homes, which equate to a pipeline of […]
Read more

New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market

Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway.   It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]
Read more

Tourism recovery and branded residences top C9 Hotelworks new Niseko market report

Category: Hotels|Tourism, Posted:31 Oct 2023 | 11:29 am C9 Hotelworks new Niseko Tourism and Property Review has just been released and shows a flight to brands. The report highlights that 74% of pipeline projects are branded. In the wake of Niseko’s official border reopening in October 2022, the area has witnessed a substantial influx of visitors, reaching 2.6 million in YTD2023. This represents […]
SiaJai logo

Thailand's Leading Homecare Marketplace