Private equity firm RECAP and their SC Capital Partners unit have hiredformer LaSalle Investment Management executive Andrew Heithersay.
RECAP are well known in Phuket for their opportunistic acquisitions and dispositions including the Laguna Beach Resort, Millennium Hotel Patong and Jungceylon.
Heithersay has an island pedigree as well, for his involvement in the re-development and eventual resale of the Moevenpick Beach Resort Karon.
The once quiet beach area of Nai Thon is increasingly becoming a development target.
Thai property developer Phanason has launched a 300 unit, six building condominium complex called The Naithon.
Initial pricing points started at THB1.9 million but have been increased to THB2.3 million as of the beginning of April.
Construction is underway and expected to take two years to complete.
Nai Thon's once empty beachfront is now congested with sun loungers and tourists are now being pushed onto walking on the road, which is increasingly a traffic hazard.
Again the island's private sector development is sprinting ahead of public sector, and infrastructure to accommodate surging traffic is woefully inadequate.
Australian real estate developers have shrewdly targeted Indonesian property buyer back of a visa incentive scheme.
According to an article in the Jakarta Post under Australia's Significant Investor Visa mechanism, four-year residency permits are available.
The entry level starts at A$5 million and is proving popular with other markets such as Mainland China. One of the key trigger points is the lure of overseas education for the children of Asian-based investors
Bangkok's Sansiri Development is heading the trend towards mixing both Thai and overseas property buyers with their new premium housing estate Burasiri Koh Kaew.
The THB1 billion project offers single detached houses from THB5.9 to 10 million.
Two homes types are available with the entry level product being three bedroom and 3 bathroom in 149 square meters. The next level up is 178 square meters.
One key feature of the estate is a clubhouse, swimming pools and fitness center along with a green area.
Location is expected to be key, given the proximity to nearby British International School.
Pricing points are continuing to fall on the island despite increased demand by foreign buyers. What is clearly under the gun is the traditional inland pricing model for resort grade residences.
Phillips Group has acquired the internet real estate portal www.PhuketProperty.com.
The site was launched in 1998 and has drawn a considerable amount of traffic for property and rental.
Managing Director Martin Phillip's has said he is keen to continue to develop the group's island interest and their regional expansion from Singapore.
The developers of the newly launched AquaSamui villa estate are reporting they have sold 10 of a total of units in less than two months.
Designed by Bali-based designer Gary Fell the project features views hillside views over Chaweng Beach.
Pricing is clearly the main driver of demand with the combination of two and three bedroom pool villas.
Unit sizing starts at 160 square meters priced from THB8.9 million up to 275 square meters at THB15.9 million.
Phuket based Prime Real Estate have won an International Property Award in the Asia Pacific region.
Prime is headed by long-time local property player Barry King.
An award ceremony will be held on May 10th at the Shangri-La hotel in Kuala Lumpur.
Phuket developer Laguna is reporting over 50% of it's newly launched resort apartments have been reserved since coming to market in December.
Over 120 of the apartments in the 220 unit building are in the process of transacting.
The project is attracting overseas buyers mainly from the U.K, Russia, Singapore, China and Australia.
There is a large take up of interest in the investment returns of the development under a hotel management program.
Construction is slated to start later this year and complete by 2015.
Media is ablaze today over the monetary crises in Cyprus.
For many U.K. citizens who reside there a new tax measure could impose a reported 9.9% tax on bank deposits over 100,000 euros. Those under the amount would be hit with a 6.75% levy.
It's a one-time charge and is part of a bailout package that has been agreed by the government and the IMF.
Cyprus remains a popular expatriate retirement destination with nearly 60,000 British residents.
