sail-world.com
 
 
News Home Video Gallery Photo Gallery

 

Sail-World.com : Phuket booming

Phuket booming

Two years after the Asian Tsunami, Phuket is booming. The 2004 December 26th Asian Tsunami caused significant damage in the region, but the recovery was rapid.

Raimon Land CEO Nigel Cornick explained; ‘The initial post Tsunami period was difficult for Phuket, but by last Christmas activity was back to pre-Tsunami levels. It only took twelve months, hotels are full and high season bookings are extremely strong.

‘Phuket is going from strength to strength. It has all the fundamentals, superb climate, the beaches, the islands and the city infrastructure.

‘We are delighted with the Phuket Kings Cup event and we have now confirmed our sponsorship until 2012. ‘It is one of our key sponsorship initiatives; it’s a wonderful event and it fits well for us.it has synergy with our resort destinations and boating and yachting.

‘While our Bangkok developments are high rise condominiums, high rise in the cities, in Phuket we develop in sympathy with the environment. ‘With the development of the internet, people can work in setting overlooking the beach in Phuket and watch the boats, rather than sitting in offices in Bangkok or Hong Kong.’

Last year, at the Phuket King’s Cup Regatta, Raimon Land introduced The Heights project featuring 51 freehold condominiums with stunning sea views on Phuket’s most exclusive location, Kata Bay. Twelve months later, over 65% of the units have been sold, achieving record prices between 80,000 – 95,000 baht per square meter.

Not only will major luxury hotel chains such as Grand Hyatt, Ritz Carlton, and Shangri-La soon be part of Phuket 5-Star portfolio, but private villas and luxury apartments are also emerging all around the island.

While two-to-three years ago, less than five condominium developments were marketed on the island, today one can easily count more than 40 projects under development, worth an estimated 20 billion Baht (US$ 500m). Phuket is now a more mature market where land is being bought to be developed, villas and apartments are occupied and booked year round, and the resale market is healthy and liquid.

According to Raimon Land research, most of the demand is coming from non-Thais with a great majority coming from foreigners living outside Thailand. British, American and Scandinavian are the most frequent buyers of condominiums. Foreigners can fully own their condominium, while villas owners need to register the land under a leasehold structure. In early 2005, condominiums were selling at an average of 60,000 Baht a square meter, while they are now selling at around 74,000 Baht. This trend is still on the up side as Raimon Land sold its latest units at The Heights for 90,000 Baht a square meter.

All world regions have their own resort destination, America has the Caribbean, Europe has the Mediterranean and now Asia is seeing the emergence of the Andaman. 'The investment world map has switched to Asia, to Hong Kong, to Singapore, to Shanghai and the property and leisure market is moving towards Thailand' added Mr. Cornick.




by Rob Kothe

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=29475

8:47 AM Sat 9 Dec 2006 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on



Related News Stories:

06 Dec 2013  Phuket King's Cup 2013: Leaders consolidate before final day’s racing
06 Dec 2013  Phuket King's Cup Regatta - Royal salute and racing action shots
06 Dec 2013  Phuket King's Cup 2013 - Gallery 4 from Guy Nowell Photography
05 Dec 2013  Phuket King's Cup 2013 - Gallery 3
04 Dec 2013  Phuket King's Cup 2013. Gallery 2
03 Dec 2013  Phuket King's Cup 2013 - Gallery 1
03 Dec 2013  Phuket Kings Cup Regatta Day 2 images by Max Ranchi photography
03 Dec 2013  Phuket King's Cup 2013. 'Big Fleet' racing
03 Dec 2013  Phuket King’s Cup 2013. A relaxed start to proceedings.
03 Dec 2013  Phuket Kings Cup Day 1 images by Max Ranchi photography
MORE STORIES ...

News - USA and the World

Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong










America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ














Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video
2014 Halifax – Saint-Pierre Ocean Race
Oyster Regatta Antigua - Glorious conditions prevail on final day
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day
Clipper Round the World Yacht Race - PSP Logistics prepares for USA
ISAF Sailing World Cup Hyères - Crème of the crop to compete
Congressional Cup: Luna Rossa makes podium in first event
Int 14 World Championships 2015 launch new event website
International Optimist Regatta Clinic and Team Race - Register now!
Congressional Cup: World top rankers finish that way in Long Beach
Sperry Top-Sider Charleston Race Week Day 3 finale
America's Cup: Gino Morrelli outlines the new AC62 design
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall   
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in   
50th Congressional Cup: See the delayed coverage and media conferences   
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   
PWA World Tour - A taste of things to come at La Torche + Video   
Women's International Match Racing Series kicks off in June   
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi   
Clipper Round the World Yacht Race - Frustrating conditions   
Man rescued after falling overboard in Pacific taken to hospital   
Sperry Top-Sider Charleston Race Week 2014 - Youth leading Melges 20   
Congressional Cup - Canfield leads toward Congressional Cup sailoffs   
Sperry Top-Sider Charleston Race Week 2014 - Perfection for Day 1   
America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report *Feature   
Clipper Round the World Yacht Race - Will light winds hamper progress?   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
X6XL WAS US