The mounting Patong low price condo surge is continuing with The Charm Residence offering an entry price point of THB3.9 million.
Located at the north end of the beach road, the 246-unit project offers completed studio units.
A 10% guaranteed return is available for the first year only.
Facilities include underground parking, swimming pool and restaurant
Raimon Land Chief Executive Hubert Virot has been quoted in the Bangkok Post saying the group has created a subsidiary for rentals and resale's of condominium units.
Aimed at its customers the offering is meant to create an in-house opportunity for the property group.
Another possibility mentioned in the article was a hospitality offering given the synergies for the leisure and resort segment.
In Phuket Laguna Phuket has a similar after sales service for its real estate products where it has teamed up with Hawaii's Outrigger chain.
In what is developing as an offshoot of Patong bursting at the seams, is the entertainment district's Southern headland.
Another new residential project the 66 unit Jade Condominium is looking to attract both domestic and foreign buyers.
With one and two bedroom units – the penthouses offer private pools.
Pricing points start at THB6.5 million and sizing ranges from 65 to 183 square meters.
Ocean views of Patong Bay are a feature.
The new world order has spurred property resales for the year 2010.
Market research shows a pivotal shift in buyer's profile. (Read more…)
To download a copy of C9 Hotelworks Phuket Luxury Villa Market Update please click on the link below:
<link>https://c9hotelworks.com/downloads/phuket-2010-luxury-villa-market-update-may-2011.pdf*2010 Phuket Report</link>
Don't' shoot the messenger with the headline but the Economist publication has said Australia is the world's most overvalued housing market.
Perhaps the most glaring example of the possible volatility ahead is the Sunshine Coast where market values have dropped by over 20% over the past 36 months.
Another key resort destination Brisbane and the Gold Coast has seen a ripple effect with a disconnect between the evolving supply chain and demand cycle.
Despite the negative sentiment, CBD property in key cities such as Sydney and Melbourne remains on a journey upstream and values rising.
According to a report in the South China Morning Post Hong Kong and Shanghai real estate are headed in different performance directions.
On the heels of research by Savills and Jones Lang LaSalle mainland China darling Shanghai could see value decline by as much as 10% this year.
Lead indicators in the big chill have been new tax legislation and a ceiling imposed on new purchases aimed to stem widespread speculation.
While Hong Kong is on the flip side of the coin with leading experts looking at a 10% rise through 2011.
The SAR continues to be one of the regions hottest property storylines with little indication of a flattening anytime soon.
The hangover from the global financial crises is setting the stage for some Phuket developers to not push through with projects, and look at exiting land investments.
Two recent examples of properties entering the market are the Baan Talay and Miora Resort developments.
Located in Layan across the road from the stalled Shangri-La site, the 48 rai Baan Talay estate which was planned to be mixed use villas and commercial has been put up for sale.
While in Kalim, what was to have been Miora, operated by an international hotel company is also seeking buyers.
Some infrastructure exists for both, but in reality these are greenfield site. The tables have been turned on the island in favor of Thai groups who have access to equity and debt.
While smaller foreign investment groups who looked at financing projects though pre-sales have seen this model debunked over recent years.
Expect more "For Sale" signs to pop up this year as the residential market looks for equilibrium.
New zoning regulations are about to be issued for the island of Phuket, which are expected to be released in the near future.
From our discussions with local officials and a sneak preview of the updated zoning program it appears that the revision will be more advantageous to developers.
One clear area highlighted is the large Mai Khao area, which for the allowable residential and commercial areas it seems that officials have anticipated being transformed into a higher density semi-urban area.
For those anticipating more zoning controls over the island as have taken place last year in Phang Nga, there may be some disappointment.
Longtime Phuket resident and co-owner of the property agency franchise for Engel and Volker's Thailand Peter Kraus passed away peacefully last night with his immediate family by his side.
Peter was a well known entrepreneur and during his time on the island had owned what is now the Siam Supper Club.
Together with Duangjai the couple worked hard over the past few years basing themselves in Hua Hin, opening offices throughout Thailand for E & V and had been strong promoters of the real estate trade.
Services will be held in Bangkok with the followings details:
The venue is Wat That Thong Ekkamai BTS Station from today -though Saturday (except Friday) Pavilion – 17.
There will be prayers daily at 18.30
On Saturday – Afternoon acremation service will be held.
We would like to pass on our condolences to his wife Duangjai and family.
