Article Category - Property in Phuket

Premium property developer Raimon Land PLC recently announced that sales at its luxury condominium project "The River", located on the Chao Phraya River in Bangkok, opposite the Shangri-La Hotel, have surpassed Bt 5 billion, 40% of the Bt 12 billion target sales value for the property. The River, Raimon Land's largest project to date, was pre-launched in March 2007. Within three days the initial units released were snapped up at a record-setting price for Bangkok of Bt 150,000 per square metre.

Raimon Land has been thrilled with the response to their newly completed unit, which they say is practically indistinguishable from its computer generated marketing image, thus delivering on its promise for high quality and standard of design and construction.

Raimon Land’s Somtam Express continued its winning form by blitzing its rivals in the recent Royal Langkawi International Regatta in Malaysia. After a convincing victory in the 2007 Phuket King’s Cup – a regatta also sponsored by Raimon Land – the yacht sailed the 120-nautical mile journey from Phuket to Langkawi during the 5-11 January event in the sports-boat division against a fleet of nine other sports class yachts.

Chalong Bay is looking to newer, trendier times. With the street to the pier already lined with a myriad dive shops and tour operators, it has come a long way from the quiet back-of-beyond it was a mere ten years ago. It's now moving on an even livelier era.

2007 was a year of robust growth for the tourism industry in Thailand’s resort markets, according to a report by international property consultant CB Richard Ellis. Arrivals to Phuket alone totaled 5.47 million, a third of total tourist arrivals to Thailand. Samui, Asia’s emerging “boutique” resort island, is also seeing significant growths. In 2000, there were only 600,000 visitors to the island compared to 1.5 million in 2007.

Luwan district bars foreign land bids Foreign investors have been banned from bidding in land auctions by Shanghai's Luwan district government, amid claims that overseas buyers are causing property prices to spiral out of control.

“Villa Suksan is inspired by the simple desire to eliminate all the superfluous, achieving natural order, calm and tranquility,” says Simon Murray, of the Villa Suksan project. A tall order perhaps, but the team at Villa Suksan feel more than up to it and are confident of delivering those “few magic essential elements” to help to make you live in harmony with the tropical environment. Suksan, after all, in the Thai language, means happiness, and the developers are determined to make sure their owners will have everything they need to be completely happy here.

In a year that has been undeniably harsh on the property industry across the state and the nation, a few developments on the island have managed to accumulate substantial success. In the light of the prevalent state of the industry, the sales figures for these have been more than heartening.

In an interview with the Phuket Post Khun Tamrong Tongtan Chief of Phuket's Treasury Department has revealed that evaluation of the capital expenditures related to construction together with the land prices in Tessaban Phuket areas is on the cards, after a new land evaluation policy was approved by Phuket Governor Niran Kalayanamitr. The government department is keenly aware that the price of land is trebling in some locations, and in others spiraling “out of control”, and yet, reported prices do not reflect these large figures, leading to incorrect tax figures.

Set along Saiyuan road, near Nai Harn and Promthep Cape, hidden away in a small peaceful space set well back from the middling crowds, is a sight for sore eyes. The Tharadon Residences are to be found in a quiet nook just right for those who want to steal away from Phuket's busy lifestyle and the ubiquitous hotels and tourists.

The following is a round-up of news from Asian property markets. These stories and more can be read on-line at www.property-report.com.

Set along Saiyuan road, near Nai Harn and Promthep Cape, hidden away in a small peaceful space well set back from the middling crowds, is a sight for sore eyes. The Tharadon Residences are to be found in a quiet nook just right for those who want to steal away from Phuket's busy lifestyle and the ubiquitous hotels and tourists.

Change they say, is the only thing permanent, ironically enough... and development, it has been said, is a good kind of change. It has also been said, that its the worst thing to have happened to a lot of good places.

Getting to the Coconut Village Island is just a matter of a hop, skip and boat ride, but you might as well have reached another realm. Make your way to Laem Hin Pier, turn left at the Chinese temple on the way to Phuket city and grab a 10 minute water taxi ride, and… there it is. Serene and pure. A fantastically luxurious island property settlement so far from the bustle, it's a treat to the senses.

Keppel grabs new Shanghai site CHINA – Keppel Land Ltd is set to embark on its fourth residential development in China’s gateway city of Shanghai, the company has announced. Keppel has revealed that it is poised to capitalise on the urban expansion and growing real estate market of Shanghai, with a new large-scale residential project in Nanhui District.

For the first time since the inception of the Thailand Property Awards, a preview event event was held in Phuket. A host of invitees including developpers, real estate agents, local businessmen and press attended the evening at the Watermark on Thursday, 25 November. The Phuket Post spoke to Duncan Worthington, Managing Director of Ensign Media for details the upcoming awards and comments on the property industry in Thailand.

The long-awaited and much discussed extension of Laguna Resorts has finally been announced. "Laguna Phuket has taken another innovative step in providing high-end luxury accommodation to its vacation guests with the launching of the Laguna Phuket Holiday Residences, an alternative private villa option to the six deluxe hotels within Asia’s finest destination resort." says a press release from Laguna Resorts.

Malaysia’s Fraser’s Hill to remain as “Little England” MALAYSIA – Fraser's Hill, the tranquil hilltop town with its picturesque surroundings, is definitely the destination for those who seek nature. The cool atmosphere added with the chirpings of the wild birds and the cries of the gibbon add to the charm of this little town dubbed as 'Little England'. Despite being located at a much lower altitude, it?s literally a tough road when it comes to getting up to Fraser?s Hill. "The lack of road signage compounds the problem. The authorities must view this matter seriously if they want us to return to Fraser's Hill after this," lamented Taha Muhammad Abdul Karim, a tourist from Madinah, Saudi Arabia.

The International Property Awards, held annually in London, acknowledge the highest levels of achievement in a range of property-related fields and this year, they chose Royal Phuket Marina for the ‘Best Interior Design’ award for their Aquaminium Condos and Royal Villas.