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

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]