Property Watch: Welcome to Phuket's Darwinian season

Property Watch: Welcome to Phuket's Darwinian season

PHUKET: I love nature, the environment, and all it has to offer. However, I know that my shark fin soup eating ways aren’t popular, and my Darwinistic sympathies applied to nature will be mocked on social media as simplistic and outdated. However, Darwin’s Theory and Phuket are linked. Phuket has it’s own environments – natural and economic, and these environments are in constant battle with each other. Monsoon season, laughingly referred to as the ‘Green Season’ (it’s green all year here anyway), is now upon us, and this is a perfect time to reflect on whether or not the fittest will survive. Economic Now

Friday, July 7, 2017 | 12:00 PM

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By the Book: Property market ripe for a rebound

By the Book: Property market ripe for a rebound

PHUKET: Timing in life is everything but timing markets is always difficult. Buy low and sell high is easier said than done. At the top of the market is when most are buying, media news is positive and the consensus is cheery, while at the bottom people are fearful the market will go lower still. For some time now many of our articles have talked about the market reaching a bottom and that buyers should now be looking to buy back in. This is, of course, viewed with some skepticism of trying to ‘talk up’ the market. However during April and May, Siam Real Estate has experienced a marked increase in buying activity, mostl

Friday, June 16, 2017 | 05:00 PM

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Property Watch: The island that never gives up

Property Watch: The island that never gives up

PHUKET: Phuket is an island in which the motto “Never Give Up”, rings true. At one time, t-shirts and souvenirs could be seen listing the issues that businesses in Phuket had faced year after year, and yet through the human trait of perseverance and resilience, Phuket and its people carried on. So far as property investment is concerned, the same rings true. Property agents face a market where their role is made ultra difficult due to unprofessional agents who, using a website, a mobile phone and a car, guess their way around the island. They talk about ‘new upcoming areas’ and pray that their unknowing customers won

Thursday, June 8, 2017 | 04:00 PM

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Infinity Condominium launches new project in Bang Tao

Infinity Condominium launches new project in Bang Tao

PHUKET: Infinity Condominium held the grand opening of its seven-storey condo project in Bang Tao late last month. The project will comprise of 78 units ranging from 59 square meters to 60.6sqm and include one bedroom, two bedroom, and two bedroom deluxe condominiums. “Construction will start by end of the year and is expected to be completed in two years. The units will be available for sale starting from the grand opening day. Even at this stage, we have received a lot of positive feedback from our agents,” said Apiwat Chaiyarat, general manager of the project. “The unique thing about this project is the size of the r

Thursday, June 1, 2017 | 02:00 PM

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Across the Land: Luxury villa rentals picking up in Phuket

Across the Land: Luxury villa rentals picking up in Phuket

PHUKET: This year, the luxury villa rental inquiries are coming in early. By March, agents had already started calling around asking for rental rates over the holiday season of December 2017 to April 2018. Luxury villa rentals over the last two holiday seasons have been somewhat disappointing, with villa owners either not achieving any rentals for their properties at all or conceding a lower rental rate to accommodate the budget of the booking. It was also noted that the length of bookings over the last two holiday seasons, if any, were shorter than previous years. The holiday season also looked quite positive, with inqui

Wednesday, April 26, 2017 | 02:00 PM

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By The Book: Property market trends in the second quarter

By The Book: Property market trends in the second quarter

PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow. There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting strong sales so far this year. During the past high season, rental occupancy on pool villas was very good, with many villas experiencing high occupancy rates, albeit at rental rates which were lower than in peak years. It is true to say that the current market remains challenging, but there a

Friday, April 21, 2017 | 02:30 PM

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