Industry veteran Mike Hall has been appointed by the vacation ownership firm Absolute World Group as General Manager for Thailand.
Mr. Hall has extensive experience in vacation clubs and fractional ownership working with a number of projects affiliated with leading global exchange organizations RCI and Interval International (II).
The group's most recent projects include the new Absolute Twin Sands Resort and Spa in South Patong and The Beach Samui.
As of April 1st real estate firm CBRE Thailand has been a property manager for the Infinity Residences in Koh Samui.
Located on a 10 rai site with 67 upscale apartments the project sits above Mae Nam.
CBRE's Phuket office will oversee operations of Infinity with their substantial critical mass of estates already here on this island.
The first phase of a large master planned residential project launched in Krabi with the debut of The Pelican condominiums.
The developer is Thai based Perry Group International headed by Chairman Khun Phonchai Ngamsappasilp (Perry),
With 96 units configured with 1, 2 and three bedrooms pricing ranges from approximately THB5 to 16 million. Smaller units are 80 square meters up to 180 square meters.
Located in the premium resort district of Klong Muang, the site is near to the Sofitel Phokeethra, Sheraton, Amari and Phulay Bay, a Ritz-Carlton Reserve.
Plans call for a rental pool and full range of resort facilities. For those participating in the rental pool 5% guaranteed resorts are on offer for the initial three years.
As part of a larger development 25 private pool villas and an upscale resort will be launched at a later stage.
Richard Li's Pacific Century Premium Developments who are behind the 1,000 rai Thai Muang destination resort in Phang Nga will develop a new mixed use project in Japan's Niseko.
Located in the prime ski resort area of Hokkaido both hotels and condominiums will be part of the offering.
PCPD are best known for their Bel-Air residences and Cyperport project's Hong Kong.
While Thai Muang is purported to be the next Laguna-type master planned development in Southern Thailand, planning is ongoing.
One of the prime examples of the island's upscale hotel and residential development surge is Nai Thon beach. Once considered one of Phuket's quietest seaside retreats, things are changing fast.
Luxury villa developments at Malaiwana, Isatana and nearby Trisara have fueled a new rush of activity with construction already underway at the 281 room Pullman Arcadia resort.
Located at the north end of the beach, after you pass the site and head up the hill is the new Vista del Mar. An all villa development with twenty one 3 and 4 bedroom homes ranging from 400 to 700 square meters in size.
Pricing ranges from THB29 to 55 million baht. Site development has commenced and building of a model unit is well underway.
For more information <link>http://www.vistadelmarkphuket.com*CLICK</link>
One of the region's recurring real estate shows iProperty Expo is set to roll out at Marina Bay Sands Convention Centre – Singapore from March 5-6.
Organized by leading regional agency iProperty.com the show is aimed at regionally buyers.
Well known property legal expert Desmond Hughes will be one of the featured speakers on property in Thailand.
For more information <link>http://www.iproperty.com/expo*CLICK</link>
AMCHAM Thailand's Greater Phuket Chapter has organized a legal update on recent changes to both Phuket and Phang Nga's zoning regulations this Friday February 25th.
Two keynote speakers who are leading experts are featured – Sorachon Boonsong, Partner, Baker McKenzie Thailand and Anurag Ramanat, Partner, South Asia Law.
A question and answer forum will follow along with networking cocktails. Venue is Sheraton Grande Laguna Phuket. Registration starts at 4:00 pm. Attendance is open to the public for THB200 baht.
For registration visit W: amchamthailand.com or contact Sheree Tanpensuk E: [email protected] T: 02-254-1041 ext. 212
While foreign demand has continued to flatline in broad terms for Phuket property, domestic demand is the real storyline for real estate on the island.
Setting to cash in the trend which was once pioneered by Land & Houses and later Supalai are now groups such as Pruska.
Recently the group launched a 248 unit project in Thalang which is now nearly sold out. While pricing points remain low in the segment THB1.5 to 4 million, volume is driving the strategy.
With a focus on the mass or low income market, margins and efficiency continue to focus on cost reductions and economies of scale to be able to retain profit levels.
Expect more of these type of projects to enter the supply stream of the coming few years.
Jones Lang LaSalle Thailand have been engaged by Kalim's Bay Cliff condominium for CJP (condominium juristic person) and property management.
The group now manages seventeen estates on the island including The Palm Beach Club, Kamala Beach Estate and The Cape.
Speaking to JLL's Dexter Norville who says the local team have grown from 30 to 60 staff over a short period and the organization is gearing up for another set of new signings shortly.
As a result of the success in the resort market of Phuket, the Bangkok based company is gearing up in open an office in Pattaya within the second quarter of this year to capture the surge in new condominiums and hospitality led residential properties.
