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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By the Book: Buying property in Thailand

By the Book: Buying property in Thailand

PHUKET: Buying property in Thailand is not straight forward, so you will need sound, professional advice which acts in your best interest. It can be a confusing experience due to laws, regulations, the language barrier and the many choices. Real estate brokers in Phuket have the largest selection of property, land and long-term rentals – they have sales teams that are both foreign and Thai and can speak a variety of languages. With a vast array of properties available, it is important to short list to maximize the use of your time and avoid viewing unsuitable properties by narrowing down choices. Brokers act as a liaison

Wednesday, March 22, 2017 | 02:00 PM

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Across the Land: Latest trends in Phuket hospitality

Across the Land: Latest trends in Phuket hospitality

PHUKET: Based on C9 Hotelworks’ Phuket Hotel Market Update last month, total inbound passengers through Phuket International Airport in 2016 were 7,549,346, with 54 per cent from international flights and 46 per cent from domestic arrivals. This is an 18 per cent growth rate in 2016, compared with 13 per cent in 2015. The top five geographic source markets are Mainland China, Russia, South Korea, Australia and the UK. Even though Mainland China is the top overseas source market, it actually dropped 2 per cent in 2016 as it was affected by a nationwide crackdown by the Thai government against zero baht tourism last year. T

Friday, March 10, 2017 | 02:00 PM

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Property Watch: Keeping Phuket property dealings honest

Property Watch: Keeping Phuket property dealings honest

PHUKET: I have written quite a few articles over the years, hopefully in a balanced way, on reservation deposits, property investments and purchases in Phuket, which have always included a word of caution about how practices in Thailand on property deposits can vary significantly from other Asian property investment destinations, such as Hong Kong and Singapore. Certain elements of Phuket’s property community are complicit and intent on damaging a fragile market that requires reputable and ethical business practices to underpin and maintain the investment climate. The reason I felt inclined to write about this issue is th

Thursday, March 2, 2017 | 02:00 PM

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By The Book: Market signals in the new year

By The Book: Market signals in the new year

PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year), generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year). As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – especially for pool villas, which seem to be like gold dust right now. In some respects, 2016 was a tremulous year, both in Phuket and abroad. However, many seem to hold a positive view for the year ahead. Thailand, while going through a period of transition, has once again proven itself

Tuesday, February 21, 2017 | 02:00 PM

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