TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Selling Noah's Ark on Craigslist

Category: , Posted:10 Dec 2011 | 06:00 am

Once upon a time as monsoon rains swept the Earth, Noah had to be content to slip into a comfy sofa and channel surf for some forty days and forty nights.
This was before the internet, so entertainment options were sadly lacking. I'm not sure if there was a Mrs. Noah, but let's just say boredom had our Biblical superhero climbing the walls of his condo.
Roll into Bangkok circa late 2011 and many people were caught up in both a real life tragedy and media circus over the pending end of days present in Bangkok and the central plains.
Striking out the keys as I tap out the storyline, life in Phuket remains pretty normal heading into peak tourism season. Over coffee this morning my next door neighbor's property agency hailed a flow of interested buyers in for the Laguna Phuket Triathlon and Ironman 70.3 events.
Yes, paperwork was being drawn up for a Kamala property transaction. Hark the Herald Angel's Sing, there is activity.
Banging out a few emails and making some calls, my mission was to see if indeed there was proof of life in the island's real estate sector.
Starting with the nearby Laguna Phuket and Managing Director Michael Ayling who said "we have definitely seen uplift in our property sales in the last 6 months which has coincided with a successful election and political stability being restored to Thailand."
Adding to the insight with some hard cold stats "in the last six months we have had 19 reservations totaling a sales value of 400 million baht over the range of our products, from a wide variety of geographic markets. This is against the backdrop of what is happening on the global financial markets. We continue to see very good interest and are very hopeful for a successful high season in both our hotel and property operations."
Incidentally this past week Laguna won two high level accolades at the South East Asia Property Awards 2011 held in Singapore with winning nods as best Thailand Developer and top gun K.P. Ho as "Real Estate Personality of the Year."
There remain mixed reports over the effect of the Bangkok floods on the market – CBRE Thailand's Prakaipeth Meechoosarn comments "over the past few weeks we have seen a number of Thais flying down to Phuket to view properties and also take out short terms rentals."
As for the trend compared to last year she added "trading conditions have improved over the same period in 2010."
There is much speculation as to whether the Bangkok situation has redirected business to Phuket, which was a similar situation during the Red Shirt political crisis.
Amy Koh from Engel and Voelkers weighted in with "the impact of the floods has had a positive impact here. There has been increased interest and more importantly renewed focus on villas at the USD one million dollar level."
I hope Noah has been saving for the trade up from a condo to ocean view dream villa.
A last minute call from Mark Lightfoot of Zest Real Estate confirmed the Bangkok flight sentiment saying "Bangkok residents are increasingly looking for a second home in Phuket or what they consider to be a safe haven."
'Tis the Season to be Merry or so it seems this year. Big island events just keep getting bigger – from the two Laguna triathlon races which are bringing in a global market, to the King's Cup, and upcoming Superyacht Rendezvous.
There are countless other activities such as the North Phuket Resorts Culinary Arts Festival, World Musiq Fest and a number of upgraded resorts reopening.
Word in from Noah's is that he's headed back outdoors as the sun is shining again, and has listed that ark for sale on Craigslist. Indeed there is life after the floods here in Phuket

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 […]