Thailand is a major destination in the region for both business and leisure travellers, according to Mark van Ogtrop, Golden Tulip Southeast Asia's managing director.
The expansion to Thailand is part of the company's plan to spend about 25 billion baht in Southeast Asia over the next four years. In that time, it hopes to develop 20 hotels in Thailand. Of those, 60% will be the three-star Tulip Inn, 35% the four-star Golden Tulip and 5% the five-star Royal Tulip.
There are four confirmed projects in the initial stage, including two Tulip Inn hotels in Bangkok at Sukhumvit Soi 4 and another one in Chao Phraya Riverside, one Golden Tulip Resort in Samui and a Tulip Inn Patong in Phuket.
Tuesday, April 29, 2008
Friday, April 25, 2008
Massive Nordic boom set to hit resort towns
Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand).
The company's managing director, Patima Jeerapaet, said Swedish investors figure most prominently in the list, followed by Finns.
The main residential projects developed by Scandinavian investors include villas, resorts and condominiums at tourist hotspots.
The company's managing director, Patima Jeerapaet, said Swedish investors figure most prominently in the list, followed by Finns.
The main residential projects developed by Scandinavian investors include villas, resorts and condominiums at tourist hotspots.
Monday, April 21, 2008
Hua Hin - Coming of Age
HUA HIN, Thailand (April, 2008) - Thailand is a country of amazing beauty and intriguing culture, with a tropical climate, and inhabited by some of the friendliest and most hospitable people in the world, it has become even more affordable for international investors.
In particular, the Hua Hin property market is still undiscovered, which means that property prices remain far below those in the more established European markets, and well below other primary destination locations within Thailand itself. Yet, although they are relatively inexpensive, they are still projected to grow at a rate 10-15% a year. The primary reasons for this include the high cost of comparable resort locations, both in Thailand and around the world; the limited supply of develop able coastal properties world-wide; and the fact that Hua Hin is becoming known as the safe and comfortable place to come with families, especially due to its long history as the Royal Family's summer palace and vacation destination.
Being located on the Sea of Thailand less than 3 and one-half hrs drive from Bangkok, makes Hua Hin one of the most geographically ideal resort locations in all of Asia.
In particular, the Hua Hin property market is still undiscovered, which means that property prices remain far below those in the more established European markets, and well below other primary destination locations within Thailand itself. Yet, although they are relatively inexpensive, they are still projected to grow at a rate 10-15% a year. The primary reasons for this include the high cost of comparable resort locations, both in Thailand and around the world; the limited supply of develop able coastal properties world-wide; and the fact that Hua Hin is becoming known as the safe and comfortable place to come with families, especially due to its long history as the Royal Family's summer palace and vacation destination.Being located on the Sea of Thailand less than 3 and one-half hrs drive from Bangkok, makes Hua Hin one of the most geographically ideal resort locations in all of Asia.
You benefit from a small, quaint seaside community, yet have all of the most modern medical, transportation, and shopping facilities to be found anywhere in Europe or the US.
If you have not visited Hua Hin, discover all that it has to offer, including some of the best investment real estate in Asia.
Yes, Hua Hin is "Coming of Age!"
Joe Gaber, Director of Business Development and IT
Siam Property Co. Ltd
Friday, April 18, 2008
Invest in luxurious and exotic real estate of Phuket islands
Located on the southern gateway of fantastic landscape, property in Phuket is the most exciting development in the nearby Thailand area. Real estate Phuket is situated in the vicinity of Phuket International Airport and is well connected with waterways. Phuket property is provided with 24X7 security provision to the residents along with quality lifestyle amenities such as golf course, shopping, dining resorts, shopping outlets, hospitals and airports. Phuket private islands are famously known as Barama Bay and situated in the at the Jumeriah Private Island Phuket, it offers state of the art luxurious, privately owned, real estate that offers ample luxury. Jumeriah Island is developed by TGR Group and is spread across an area of 80 acre. So, if you are looking for Phuket villas, phuket islands, private islands, jumeirah phuket, 5 star hotels phuket, homes for sale phuket, islands phuket, phuket hotel resorts, phuket property, property in phuket, real estate companies phuket, and real estate phuket, then you have come at the right place.
Tuesday, April 15, 2008
Modernizing the deadly sins to protect gullible property buyers in Pattaya
Pattaya real estate - The new government has just passed a new law to protect all property buyers by introducing the “Escrow Account Systems”. The commercial banks will be permitted to undertake “Escrow Account Business”. The advantage for the property buyer in using an escrow account is to protect the down payment. If the buyer outs the down payment in an escrow account, the developer cannot use that money until the developer fulfils certain conditions of the escrow agreement.
If the project is not completed within the time schedule, the bank who is the escrow agent will return the money to the buyer. Most developers will hate this new law because the down payment will go to the bank not the developer. The buyer will not have to sue the developer in the Court of Justice which will take more than a year.
If the project is not completed within the time schedule, the bank who is the escrow agent will return the money to the buyer. Most developers will hate this new law because the down payment will go to the bank not the developer. The buyer will not have to sue the developer in the Court of Justice which will take more than a year.
Saturday, April 12, 2008
Property sector looks set to prosper in 2008
Thailand real estate - Foreign investors are expected to invest up to Bt70 billion in the Thai property sector this year, following the lifting of the Bank of Thailand's 30-per-cent capital reserve requirement.
Retail, office, serviced apartment, hotel and resort properties in Thailand are now being sought by real estate investment trusts and property firms from the United Kingdom, the United States, the Middle East, Japan and Australia.
According to research by international property agency Colliers International, investor confidence in Asian property investment has risen, with strong interest focused on Thailand. Following the removal of the capital reserve requirement, Thai assets have become more attractive, with the potential to generate annual returns of 20 per cent or more.
Retail, office, serviced apartment, hotel and resort properties in Thailand are now being sought by real estate investment trusts and property firms from the United Kingdom, the United States, the Middle East, Japan and Australia.
According to research by international property agency Colliers International, investor confidence in Asian property investment has risen, with strong interest focused on Thailand. Following the removal of the capital reserve requirement, Thai assets have become more attractive, with the potential to generate annual returns of 20 per cent or more.
Wednesday, April 9, 2008
Buying property in Phuket
Real estate in Phuket is, in some respects, a lot more established and sophisticated compared to other coastal regions, like Pattaya, Krabi and Koh Samui. There is a wide range of estate agents: Phuket One Real Estate, Tropical Homes and Knight Frank to name a few. This alone attracts a large number of foreign investors to a market once dominated by buyers from Hong Kong and Singapore. Phuket real estate is now seeing a large influx of European and American buyers. The common price tags for properties ranges from 5 million to a 20 million baht, largely depending on location and size, with beachfront and sea view properties going for significantly higher prices. Phuket was very heavily marketed in the 1990s by Laguna Phuket - an area of man-made lagoons in the Bang Tao district. A lot of spin off properties are now available to buy from companies associating themselves with large brand names such as the Banyan Tree, Sheraton, Allamanda and Dusit Laguna.
Wednesday, April 2, 2008
Villa dev hits Pattaya market
A new 27-unit pool villa development near the undeveloped Soi 7 area of Na Jomthien has just been launched onto the Pattaya market.
Construction is now well underway on the Royal Ambassador Residence and three show villas, the clubhouse, guardhouse and much of the development´s infrastructure have already been completed.
The project sits opposite the Ambassador City Hotel, 700 metres from Na Jomthien’s Soi 7 and while much of the rest of the surrounding area is still in its natural state there are big plans afoot for the location - which could spell substantial rental yields for investors. “The area is still unspoiled,” says Gino Mifsud, the project´s director of sales and marketing. “however, it is earmarked for a major entertainment development.”
Construction is now well underway on the Royal Ambassador Residence and three show villas, the clubhouse, guardhouse and much of the development´s infrastructure have already been completed.
The project sits opposite the Ambassador City Hotel, 700 metres from Na Jomthien’s Soi 7 and while much of the rest of the surrounding area is still in its natural state there are big plans afoot for the location - which could spell substantial rental yields for investors. “The area is still unspoiled,” says Gino Mifsud, the project´s director of sales and marketing. “however, it is earmarked for a major entertainment development.”
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