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New York Times Slams Phuket's Property and Hotel Market

Category: Real estate, Posted:29 Apr 2009 | 10:38 am

The Global Section of the New York Times has published a harsh assessment of the state of play for property and hotel developments in Phuket. The article titled "Turmoil Stalls Vacation Home Boom" published on the 28th of April has referenced Shangri La, The Yamu, Four Seasons, Raimon Land's Amalfi, Lersuang and Jumeirah Private Island as either troubled or delayed projects. Even Gulu Lalvani who was quoted in the piece was decidedly downbeat on the current market.
While objectively the market is currently challenging the amount of construction activity and limited amount of developer defaults have proven the Phuket is still out trading most overseas markets. Additionally the lack of developers taking on significant leveraging which could incur defaults and possible bank repossession is not widely in effect so with flat demand the prospects of market recovery remain fundamentally solid.

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C9 Hotelworks Releases ‘The Phuket Luxury Report’

Category: Hotels|Real estate|Tourism, Posted:01 Nov 2024 | 08:27 am C9 Hotelworks newly released ‘The Phuket Luxury Report‘ explores the rising prominence of Phuket as the leading luxury destination in Southeast Asia. What is driving demand for Phuket’s luxury real estate? The island’s combination of natural beauty, high-end amenities, and competitive pricing draws affluent investors and tourists worldwide. Compared to destinations like Miami, Dubai, and […]
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C9 Sessions Are Back This Thursday, The Phuket Luxury Report

Category: Hotels|Real estate|Tourism, Posted:27 Oct 2024 | 10:38 am The C9 Sessions are back in Phuket this Thursday 31st October 2024.   We have an awesome 90-minute program on luxury real estate, Michelin restaurants, international schools, hospitals and more. Phuket has changed dramatically over the last few years as it has morphed from a tourist haven to a residential destination. The more recent transformation is […]
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C9 Hotelworks New Thailand Branded Residences Report Released

Category: Hotels|Real estate, Posted:21 Sep 2024 | 09:19 am In 2020, Aman Nai Lert Bangkok established a new standard for ultra-luxury branded residences positioning itself as the best-in-market product at the time. Today, the Porsche Design Tower Bangkok, developed in partnership with Ananda Development, has pushed those boundaries further, surpassing THB1 million (just over USD33,000) per square meter. This landmark project not only raises […]
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