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

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]