The developers of the Six Senses Hideaway Yao Noi which opened in 2007 are looking to cash in on the luxury villa market.
Nine private residences situated on a panoramic hilltop are available for sale. One bedroom units are priced from THB25 million, and two bedrooms from THB39 million.
Premium properties range as high as THB88 million. A revenue sharing and usage program between unit owner and operator is available.
The investor's group is led by a venture between Thai entrepreneur Dr. Chinavais Sarasas and Switzerland's Germing Frey.
More information <link>http://www.sixsenses.com/privateresidences/yao-noi/home/*CLICK</link>
After 4 years cutting his teeth with leading international firm CBRE, Mark Lightfoot has set up his own venture Zest Real Estate.
With the aim of providing real estate with a different view a comprehensive web site has been launched at <link>http://www.zestrealestate.com*CLICK</link>
Looking to provide specialized advisory and transactional services a number of properties have already been signed up for what is looking to be a very busy high season.
Further to our recent story about the Revenue Department targeting online villa, condo and apartment rentals, there are now visits be made to some of the island's agents asking for supporting documentation.
We communicated with Allan Mossop yesterday who operates such an agency and he comments as follows:
“A visit by the Revenue Department to Phuket Island Property Services yesterday reveals that this is moving ahead.
Representatives delivered documents requesting information relating to rental and management contracts for individual homes translated into Thai.
Details of the individual villas renting their homes for holiday rentals and room rates for each.
Also required are details of the number of check in's in December and a summary of deposits paid for occupation in January 2011.
One glaring omission on the part of the Revenue Department's request is that it does not cover those homes that are listed with an real estate or rental agent on an agent referral basis where the agent only provides the source of the enquiry but provides no other services such as check in or housekeeping.
Considering the number of owners who operate in this way, it can only be a matter of time before the Revenue Department tighten the loopholes for those having rental income deposited off-shore to avoid paying income tax in Thailand.
Tightening up on controls will not only bring significant benefits to the Revenue Departments but provide a level of service and transparency to the industry marred by opportunistic operators who do not have the same long term community commitment to our industry.”
A new firm “Up to View” in Cherngtalay is specializing in villa, condo and estate photography for sale and rentals.
Using elevated photography to get high quality photos and video the company uses a cost effective 50-foot tripod system.
Adding both dimension and a variety of views the offerings can tailored to individual budgets.
For details <link>http://www.uptoview.com*CLICK</link>
A new ultra luxury villa on the resort island of Koh Samui "Upni Duniya" has been completed and attracting rental demand from the rich and famous.
Sources close to the property say that interest is high from a number of high net worth individuals and those in the entertainment industry seeking an absolutely self contained private escape.
The 9 bedroom property which can host 18 guests is located on the oceanfront at Bang Rak Beach.
With eleven full time staff and an on site General Manager featuring 24 hour butler service and a personal cook.
A design team comprised of Thailand based David Lees and Pariya Sheanakul along with Canadian architect Chris Doray oversaw a 24 month development time line.
The unique property name can be traced in origins to Hindi and the phrase "Our World."
For a view of the property <link>http://www.upniduniya.com*CLICK</link>
West facing boutique development Waterfall Cove has just one remaining property for sale. Located along famed Millionaires Mile on the Kamala Headland the development featured a private estate of just three properties.
Villa A with a plot size of just over 2 rai and approved building covered space of 600 square meters will ultimately command a price between USD3.5 to 4 million depending on final finishes chosen.
A separate land and villa package has the former priced at THB28 million per rai and then a fully costed home with some optional upgrades allows the buy some flexibility.
Designer Donal Coyle of international firm SLA has led the project team. Construction is underway with completion set for the end of next year.
Calling upscale resort Paresa and luxury estate Waterfall Bay as neighbors, a key selling point has been completed environmental and building approvals.
To take a look at Waterfall Cove <link>http://www.waterfallcovephuket.com*CLICK</link>
The magic ball of peak season property prospects is seeing a massive surge in owners listing properties for resale.
Talking to a number of the leading brokerage houses on the island everyone is pointing to a rise in secondary properties coming on the market.
While this seasonal trend has existed in years past the sheer volume over the past month has many agents becoming more selective or even rejecting ad hoc owners.
In many cases owners pricing has now shifted from the past two year trend of stressed discounting. A new twist is embarking on a fishing expedition with expectations of cashing in on premium values.
Whether this is a healthy trend or not it's too early to know. But at the moment the floodgates of resales and common listings throughout the distribution channels and agencies make it hard for consumers to clearly distinguish between products.
One thing for certain is that property owners are perceiving a renewed interest in investor sentiment. They are now trying to capture the upside – be it real or imagined.
A new project in Kamala – Cyan Resort is targeting property investors who want to focus towards ongoing rental returns.
The project is comprised of 18 units, sixteen being two bedrooms at 105 square meter and three bedroom penthouses of 277 square meters.
Launch prices start from THB8.9 million. The property recently broke ground and expected to complete within a year.
A key feature promoted by the developers is the access to bank financing though UOB (United Overseas Bank).
According to the group which is a subsidiary of PIDC Co., Ltd, they are looking at launching another 6 Cyan branded projects on the island over the next 3-5 years.
Upscale Phuket real estate brokerage Hunter Sotheby's has opened a second office at the entrance of luxury resort Amanpuri.
Speaking to Andrew Hunter today at his Cherngtalay headquarters it was confirmed the new office is now operating and he is bullish about prospect's for this year's high season.
The timely expansion comes at a time when investor confidence in premium real estate is seeing renewed interest reported abroad.
Andrew pointed out that the island business bolstered by the international iconic names sees most demand at the upper scale in resort villas rather then mid tier mass markets.
For the company it provides a unique positioning point in a crowded market place.
One topical trend was in the continued surge of resales. He noted that there were few new offerings in the multi-million dollar ultra villa market despite rising interest, and that potential at the top end of the sector continued to languish.
