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Sri Panwa New Launch Captures Luxury Villa Opportunity

Category: Real estate, Posted:19 Nov 2009 | 10:32 am

Thai listed Charn Issara has announced the launch of seven new units in Phase 4 at luxury development Sri Panwa. Priced from US$6 million and above; in a move signaling a strategic opportunity in the currently dwindling luxury villa market for the island. During the current challenging economic and political climate there has been a significant lack of upscale property launches this year and demand has been driven into the resale market.
There was an increase in the hotel private pool villas last December with 23 units in 1 and 2 bedroom configurations which were retained by the developer and operated as part of the exiting hotel. The hotel now operates 41 pool villas as a resort operation along with a residential estate.

Other News

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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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