Monday, September 5, 2011

Heliosolar, an affilitate Network of Solar Panels Installers UK

Our New Office Leasing Website -

Our New Penthouse Related Website -

Here is a list of all the new pages added to our new website:

Tuesday, March 20, 2007

Even budget units pricey on Phuket

More interesting and up-to-date articles can be found at

Even budget units pricey on Phuket
Some buyers looking across Sarasin Bridge

Nina Suebsukcharoen

A busy year is shaping up for Phuket’s property market with prices of even lower-end residential developments having risen on the back of foreign interest, says David Simister, chairman of CB Richard Ellis.
Prices at the budget level have doubled over the last three years with local bungalows primarily aimed at Thais, originally offered for under a million baht, now costing 2.5 million to three million baht with many foreign buyers.
Underscoring the fact that there is something for everybody in Phuket is the most expensive property on CB Richard Ellis’s books: a villa with a 20-meter infinity pool on an eight-rai site directly facing Kamala beach and costing US$ 12 million.
“I am aware of people who have spent more than that on their own villas but they are not for sale but for their own use,” Mr Simister said.
He says he’s seeing on rush to sell by people panicked by current political developments. In any case, selling is not something one can quickly.
“I am confident that Thailand has the ability to resolve its current political problems and we have seen a market that has actually risen steadily.”
Mr Simister, who recently returned from Britain, said that while Phuket was not as well-known as the Caribbean or the Mediterranean in his homeland, global interest in Thailand’s premier resort island was only just starting and could only go up as long as there was the right supply.
Britons are the most adventurous property buyers in Europe, accounting for half of all overseas property sales, snapping up real estate in France, Spain and Italy.
“Eastern Europe has opened up and there have people who have been buying in countries like Bosnia and Poland,” said Simister. “Clearly, again they have to assess the relative risks of going into new markets.”
In this region Vietnam is cheaper than Thailand and is attracting a few pioneering buyers because the beaches are less accessible due to a lack for road or air infra-structure. “It also has a maximum foreign ownership term of 50 years, in Thailand we have 30 but with options to extend.”
Mr Simister noted that as people become much more global in terms of where they can buy property, beach land in general can only appreciate in value. In the context of Thailand this would be almost independent of the Thai economy because the resort market is driven by tourism and increases in the number of people buying second and third homes.
The taste for sand and surf has spurred interest in acquiring good plots in the Natai beach area that lies across the Sarasin Bridge linking Phuket to Phangnga province. Thi area is much closer to Phuket than tsunami-devastated Khoa Lak, which is 50 kilometers away. Spurring the market in this area will be the opening of two to three hotels on Natai beach before high season this year, he added.
“I saw people asking for eight million baht a rai for beachfront property two years ago and I thought it was expensive, but the market obviously didn’t and I think prices are now 13-14 million baht for this beach,” said Mr Simister.
Phuket itself is teeming with several projects between Nai Thon and Bang Tao beaches on the west coast and also farther south. There is also a critical mass of development on the east of the island.
Fetching some of the highest prices is the Trisara estate, which is based around a hotel. The final phase covering 54 rai with 18 villas is fetching prices of US$ 2.5 million to $5.3 million per unit.
“I have actually met people in the UK who have bought a large villa sight unseen. They have never been to the project and I think this shows what can achieved when you have top quality, discernible branding and track record,” said Mr Simister. “In many ways Trisara is this millennium’s Amanpuri.”
Another project emerging soon is Supalai Plc’s development on the east of the island, which will feature individual villas with private swimming pools located on seafront terraces and linked in the middle to a hotel, conference center and spa. Prices here will start form $500,000.
Mr Simister says the danger people face with resort real estate is becoming infatuated with a particular property or location and not doing the checks they should do. They should really look at the risk they face and a lawyer should prevent them from buying a bad land title. “I can’t think of a lot of circumstances where people have been cheated,” he said. “I think there are a number of people who perhaps buy in haste and then find that maybe, had they done more homework or looked around the island, they might prefer to spend money on the east coast rather than the west, or they might have been able to identify a better project.”