Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Property  >>   Phuket property markets recovers
NEWS UPDATES Asean Affairs        28  June  2011

Phuket property markets recovers

Related Stories

June 1, 2011
Thailand to modify foreign property rules?

April 7, 2011
Film piracy holds back Thailand

November 11, 2010
No Bubble In Thailand's Property Business

November 8, 2010
Hanoi real estate sales slow

May 8, 2010
Vietnam: Investors focuses on low cost apartments

October 25, 2008
Vietnam: Real estate keeps attracting retail investors

The Phuket property market from January-May of this year has recovered but not to the point of its pre-2009 levels, according to the latest study by Colliers International Thailand.

Kamala Falls is being marketed as a halal investment, including a women-only swimming pool, in order to appeal to Muslim buyers.

Managing director Patima Jeerapaet said the coastal market in Phuket was far more reliant on foreigners than the resorts of Pattaya and Hua Hin.

"Most wealthy Thais prefer having second homes in the resorts close to Bangkok due to the easier access, so the coastal areas of Phuket are more responsive to the global economic situation," he said.

Although landed property dominates the residential market, especially inland, 2010 was one of the rare years when more condominium units were supplied. Around 1,020 units were supplied last year, though only 200 units were supplied up to May for 2011. Most of the units are located inland and the Thai domestic market is acting as the main driver.

The high-end coastal market has yet to return to the heady days prior to the global financial crisis in late 2008, but the success of some projects is promising.

"The glass at present can be perceived as half-full or half-empty depending on whether you are comparing the period around 2006-07 or the situation in 2009," said Antony Picon, associate director of research at Colliers.

"High-end buyers are coming from a wider range of countries, not just Europe, with Hong Kong, Russia and the Middle East becoming key markets now," he said. Developers are reconsidering their marketing strategies to suit buyer profiles.

One development called Kamala Falls is being marketed as a halal investment, including a women-only swimming pool, in order to appeal to Muslim buyers.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    28  June  2011 Subsribe Now !
 • Ramba to explore more Subcribe: Asean Affairs Global Magazine
• SBY’s popularity is down Asean Affairs Premium
• Malaysia sets women’s affirmative action goal
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines government Muslim rebels discuss peace
• Thai firm scores IKEA contract
• Phuket property markets recovers
• TPP trade pact moves forward
• Vietnam forecasts trade deficit of US$6.6 billion p

Asean Analysis    28  June  2011

Advertise Your Brand
• Philippines-US naval exercises come at tense time Sponsor Our Events

Asean Stock Watch    28  June  2011 

• Asean Stock Watch-June 28 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand