Property Developers Shift Towards Small Thai Islands to Deal with Privacy Demand
Property development in Phuket is intensifying to another four small close by islands for the reason of the demand for isolation.
Investments worth approximately 20 billion baht are at present in progress. They take in the huge Indian corporation Tata Group which is developing Taj Exotica Resort and Spa. The 100-room hotel and 19 villas are likely to be ready by the end of 2009.
Thai Prime Minister Samak's nephew Dilokpol Sundaravej and a Canadian partner are building a project on Koh Raet northeast of Phuket and on Koh Maphrao a British investor has begun developing The Village which comprises of 62 villas.
A group of local Phuket investors are looking for foreign investors for the growth of a hotel and villas on Koh Mai Thon, southeast of Phuket.
"It's a tendency in the direction of private islands," said Risinee Sarikaputra, head of research at property consultant Colliers International Thailand.
"World famous personalities, Hollywood stars and people in the particularly high-end segment love seclusion and choose buying into a resort on a concealed island where no one can get in the way with them. This is the reason why a lot of property developers are shifting their interest towards the small islands," she added.
The tendency has by now materialized on small islands in the Gulf of Thailand, together with Koh Kood close to Koh Chang where Six Sense opened Soneva Kiri resort. On Koh Tao close to Samui an international fund is ready to initiate a project and fresh hotel developments are in progress on Koh Phangan.
In Phuket, there are no less than 17 residential projects under way with a entirety of 969 units worth above 20 billion baht which will be concluded in the coming few years.
Land prices on Phuket's west coast having good sea views increased by 30 to 40% every year although there is no accessibility of such plots of land for upcoming development.
The movement in Phuket also point to demand for projects incorporated with hotels and directed by the same group that manages the hotel and the leasing of property.
Phuket tourism is looking forward to an additional increase when two new marinas are built making a sum of five with a total of 800 cruiser berths.
Investments worth approximately 20 billion baht are at present in progress. They take in the huge Indian corporation Tata Group which is developing Taj Exotica Resort and Spa. The 100-room hotel and 19 villas are likely to be ready by the end of 2009.
Thai Prime Minister Samak's nephew Dilokpol Sundaravej and a Canadian partner are building a project on Koh Raet northeast of Phuket and on Koh Maphrao a British investor has begun developing The Village which comprises of 62 villas.
A group of local Phuket investors are looking for foreign investors for the growth of a hotel and villas on Koh Mai Thon, southeast of Phuket.
"It's a tendency in the direction of private islands," said Risinee Sarikaputra, head of research at property consultant Colliers International Thailand.
"World famous personalities, Hollywood stars and people in the particularly high-end segment love seclusion and choose buying into a resort on a concealed island where no one can get in the way with them. This is the reason why a lot of property developers are shifting their interest towards the small islands," she added.
The tendency has by now materialized on small islands in the Gulf of Thailand, together with Koh Kood close to Koh Chang where Six Sense opened Soneva Kiri resort. On Koh Tao close to Samui an international fund is ready to initiate a project and fresh hotel developments are in progress on Koh Phangan.
In Phuket, there are no less than 17 residential projects under way with a entirety of 969 units worth above 20 billion baht which will be concluded in the coming few years.
Land prices on Phuket's west coast having good sea views increased by 30 to 40% every year although there is no accessibility of such plots of land for upcoming development.
The movement in Phuket also point to demand for projects incorporated with hotels and directed by the same group that manages the hotel and the leasing of property.
Phuket tourism is looking forward to an additional increase when two new marinas are built making a sum of five with a total of 800 cruiser berths.
Labels: Property Developement, residential projects, Villa
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