TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Phuket UltraVillas Push USD76 Million In Property Sales

Category: Real estate, Posted:30 Sep 2010 | 06:00 am

Phuket's luxury real estate market has caught a USD76 million tailwind in trading with 14 “UltraVilla” properties sold in the first eight months of the year.
According to market research released today by consulting firm C9 Hotelworks, resales highlighted the sector, bolstered by Asian wealth which is leading the global storyboard.
A growing appetite by the rich and famous to “supersize” saw Natai's Beyond Villa trade for a reported USD24 million.
The profound 'failure to launch' during the past 24 months by developers has resulted in a reduced inventory of 77 new properties with a market value of USD329 million.
A switch effect into the secondary market has seen resales eclipse 83% of total volume.
C9's mid-year Luxury Villa Market Update reports that the upscale segment registered an average property value of USD5.4 million which had soared due to the rising impact of premium villa sizes.
Viewing broader trends in supply and demand, take up rates for off plan units remains soft with the possibility of product fatigue setting in. A lack of new entrants and fresh products which could induce demand are presently absent from the mix.
Growing investor confidence in hospitality projects was spilling over to the residential market and the stage is set for some “marquee” suspended projects to be restructured and re-enter the supply stream.
Research data indicates the geographic source of buyers is pragmatically shifting with the changing fortunes of the world's economies. A lead indicator has Chinese and Indian investors showing early signs of sales activity in Phuket.
Looking forward new planning restrictions are becoming a third party force for development, and the adoption of the recent Phuket Environmental Regulation and upcoming revision for land use to existing legislation is fast and furious.
A delicate balancing act between environmental impact, over development concerns and foreign investment remained challenging, but lower density luxury villas look to be well suited for the market conditions ahead.
To view the full report <link>https://c9hotelworks.com/downloads/Phuket-Luxury-Villa-Market-Update-September-2010.pdf*CLICK</link>

Other News

Read more

Thailand’s Wellness Economy Booms, C9 Hotelworks Report

Category: Hotels|Tourism, Posted:18 May 2025 | 14:17 pm Thailand’s wellness economy has entered a period of rapid expansion, with the market reaching a value of THB1.4 trillion (USD39.2 billion) in 2023, according to the newly released Thailand Wellness Economy Report 2025 by C9 Hotelworks. The surge is most visible in the wellness tourism sector, where total trip expenditures more than doubled year-on-year, from […]
Read more

Bali Hotel and Branded Residences Report 2025 Now Available

Category: Hotels|Real estate|Tourism, Posted:15 May 2025 | 11:51 am Bali’s hospitality-managed real estate market has evolved significantly over the past few decades, transitioning from small-scale independent developments to a key hub for internationally branded residences. This year, the  Bali branded residences market continues to attract new entrants, including Mandarin Oriental, Anantara, and Aman (Amankila), according to the new Bali Hotel and Branded Residences Report […]
Read more

Khao Lak & Phang Nga Hotel Market Coming Of Age as Demand Rises

Category: Hotels|Tourism, Posted:13 May 2025 | 10:45 am According to C9 Hotelworks newly released Khao Lak and Phang Nga Hotel & Tourism Market Review 2025, there is a rising tide of travelers who fly to Phuket and head North up over the bridge to the mainland.  A second Marriott namesake hotel has opened in Khao Lak, and the new integrated resort community Matalay […]
SiaJai logo

Thailand's Leading Homecare Marketplace