Archive News

Khun Aliwassa Pathnadabutr, Managing Directorof CB Richard Ellis Thailand, has stated that at a time when fixed deposits earn interest at only 2.5%, buying residential property can generate a far healthier return.

Residential projects at resort destinations, such as Samui, have seen strong demand. Investors buying property here can expect a return on their investment at an average of 7% a year and, if they sell the property within one or two years, then the returns can be even more significant.

Kasikorn Bank's first Senior Vice-President, Khun Chatchai Payuhanaveechai, has supported this by confirming that buying a well-located property is better than making a long-term deposit in the bank. It’s believed that high inflation and low interest rates make buying residential property a good investment choice.(Read more)

Agencies are currently working to develop new water-tourism projects that are designed to attract more tourists and investors.

The Tourism and Sports Ministry, the Transport Ministry’s Marine Department and the Tourism Authority of Thailand (TAT) have recently been discussing the development of various projects.

Once the projects have been agreed, the committee, with representatives from each department, will submit proposals and budgets to the Cabinet for approval.

The first proposed project involves opening up water-transport routes between the East and West coasts. Cargo, trucks and cars will be able to move between Pattaya, Laem Chabang, Chantaburi, Koh Chang, Samui, Hua Hin, Cha-am and Pran Buri. (Read more)

Finance Minister, Dr. Surapong Suebwonglee, announced that as part of this government’s plan to stimulate the property market it is now considering allowing greater foreign ownership in property firms and extending leasehold periods beyond 30 years. “This has been discussed quite seriously over the past two to three months. We need to think about the percentage of shareholding and leasing access compared with the number of years. The crisis that we have had in the past two years led us to think and look at a new paradigm.” (Read more)

The Koh Samui International Regatta’s organisation team is working to ensure another great event between 1st and 7th June.  The entry list includes an increased number of hot yachts and there’s a growing air of anticipation that we’ll see a fitting season finale on the Asian Yachting Grand Prix Championships.

The 7th Samui Regatta will have one of the best fleets ever participating in this event with a line-up of top sailors from Australia, Singapore, Hong Kong, Dubai and Thailand. Competition is expected to be tough with premier yachts like Jelik, Foxy lady IV, Blauwvoet, Full Metal Jacket, Quantum Racing, Ichiban, Ambush, Happy Endings and Sumatra being just a few of the international participants. (Read more)

The All-Stars football team will be taking part in the Bangkok Masters soccer tournament between 31st May and 1st June. This year the event is sponsored by The Royal Samui Golf and Country Club and is made up of football legends Ian Rush, Peter Reid and Viv Anderson, along with an expert contingent from ESPN, such as Paul Masefield, Shebby Singh and Andrew Lecci. And completing the team is a number of ex-footballers from teams such as Middlesbrough and Aston Villa; there may be a couple of other surprises in there too (Read more)

The expert overseas property company, David Stanley Redfern, has recently highlighted Samui as the second best worldwide location for a property investment after the Philippines. It stated that Samui now has more 5- and 6-star resort developments than any other Southeast Asian island, and the competition in the market is good for buyers because it’s forcing developers to find ways to make their developments stand out.

In a separate report the company has again promoted investments on Samui stating that people who bought on the island in recent years have made 100% profit on their investments and resort properties continue to grow by 20% a year.(read more)

Tanayong, a large residential and commercial property development company, has announced plans to open 12 hotels in Thailand over the next 5 years.

Managing Director, Khun Kavin Kanjanapas, said the company intended to acquire and build a deluxe brand of hotels and resorts including one on Samui.
Tanayong has appointed InVision Hospitality, a hotel consultant firm, to create the brand U Hotels and Resorts. Each will have a maximum 100 rooms and in some cases will include a residential element.

TCC Land has set aside an investment budget of nearly Bt10 billion for new hotels this year. Samui will see the opening of two Imm Brand Hotels.(Read more)

Research by CB Richard Ellis (CBRE) has shown that Samui is experiencing significant growth. Last year, the island welcomed 1.5 million visitors, up from 600,000 in 2000.

These tourist arrivals are expected to rise further with the introduction of the Thai Airways’ flights. In fact, the number of airport arrivals this year is expected to surpass the 2 million mark.

Khun Prakaipeth Meechoosarn, Manager of CB Richard Ellis Samui, stated, “The improved connectivity will be a key factor in supporting growth in the area’s property market.”
(Read more)

Wotif.com Holdings has recently agreed to acquire all of the issued shares in Asia Web Direct Limited (AWD).

Robbie Cooke, Wotif.com’s Managing Director and CEO, stated, “The combination of Wotif.com and Asia Web Direct presents an exciting opportunity to secure a greater share of the Southeast Asian accommodation markets. These markets are likely to see strong growth in coming years as consumers in Asia follow the worldwide trend of booking their accommodation needs online.”In 2007, Wotif.com sold around 180,000 room nights in Asia.

AWD, which was established in Phuket in 1993, was a pioneer for online hotel bookings with instant confirmation in Southeast Asia and it now provides these and other related services through a network of travel portals and destination websites.(Read more)

If you take the time to read any travel brochure, magazine, website or blog about Samui, the chances are you’ll read about it having an indescribable atmosphere. It’s the same if you spend time talking to people that visit regularly or live here full-time. Most will talk about a feeling experienced on the island that separates it from other destinations.

This aura, ambience or atmosphere is something that’s existed ever since the first intrepid backpackers arrived on the shores of the island. And it’s miraculously survived all of the development and progression that has been witnessed since.

Most people, when questioned on the subject, find it difficult to express in words, it has a certain je ne sais quoi, something that you just can’t put your finger on, but it does exist. (Read more)

Two return flights a day from Bangkok to Samui may not seem like such a big deal. However, just the presence of Thai Airways on Samui should not be underestimated. Thai Airways has a global reputation for being an excellent carrier and it has a marketing machine that reaches far and wide.

With Samui now established as a Thai Airways destination, worldwide awareness will undoubtedly be raised. In-flight advertisements, TV commercials and holiday promotions will all encourage new visitors to arrive on the island.

It could be argued that Samui has already developed into a top worldwide destination without Thai Airways providing flights. It’s true that Samui’s growth has been phenomenal since Bangkok Airways built and opened the airport here in 1989. And Bangkok Airways has to be congratulated for opening the island up to the world. It should also be thanked for recognising that the long-awaited inclusion of Thai Airways flights will be a major boost to the island’s economy and popularity. (Read more)

The new government has clearly indicated that it intends to promote and encourage foreign investment and has singled out real-estate for specific changes.

Firstly the Bank of Thailand removed 30% capital controls on foreign inflows. Then taxes relating to property transfers, namely the transfer tax and business tax, were both reduced to 0.01% from 2% and 3.3% respectively. And the latest announcement is regarding potential positive changes to the Foreign Business Act which would make property purchases easier and clarify issues re work permits, visas and company set-ups. So, overall, the signs for the future of real-estate are looking far better now than they have for a long time.(read more)

Qatar Airways, is one of three major operators from the Middle East that is assertively building a strong presence within the Thai market. Its Bangkok to Doha flights had a load factor of 84% last year which has seen an increase already this year.

Qatar joins Etihad and Emirates, from the UAE, in wishing to increase its flights to Bangkok. However, this is limited due to aircraft capacity constraints.

A third daily flight is expected to be added in the next year. Qatar is the only airline that offers a non-stop service between Bangkok and Doha and it benefits from a code-sharing agreement with Thai International Airways. It is also currently negotiating with Bangkok Airways to allow direct check-ins from Doha through to the domestic airports such as Samui. (read more)

This year will see property developers investing nearly Bt10 billion in new hotels and resorts on Samui. In fact, the number of hotel and resort rooms is expected to increase by over 1,100 to 15,500 by the end of the year.

Khun Sanee Puwasetthaworn, president of the Tourist Association of Koh Samui,stated that the introduction and expansion of international hotel chains had played a significant role in the growth in room numbers from 10,000 in 2005 to the current number. Nearly Bt30 billion has been invested by hotel groups such as Accor, Hyatt, Avasorn and Four Seasons.

Such investment has been encouraged by the rapidly rising number of tourists visiting the island which is expected to reach 1.5 million this year.(read more)

Silk Air, the regional wing of Singapore Airlines, is planning to introduce daily flights between Singapore and Samui. The proposal has been welcomed by Bangkok Airways but the airline must seek permission from the Department of Civil Aviation and related authorities who are responsible for restricting the number of flights to and from Samui Airport.

Bangkok Airways currently operates a daily flight to Singapore and last year it carried 27,550 passengers on the route. About 45% of them originated from Singapore and 55% were connecting passengers; mainly from Australia.(read more)

Media reports are consistently telling everyone that Samui is now globally accepted as one of the top high-end destinations in the world. Surveys regularly support this by naming the island in many top-ten compiled lists. The most recent example was a survey in New Zealand which placed Samui as one of the top-ten most romantic locations in the world. Individual companies also add support, with some of the island’s hotels often winning similar acclaim, as does Samui Airport which is regularly voted as one of the best in Asia and the world.

However, as nice as it is to be honoured in this way, the validity and credibility of many such surveys can sometimes be questioned. So, what other evidence is there of Samui’s worldwide attraction? Well, a walk through Chaweng, Nathon, Lamai or anywhere else on the island will soon answer that question.( Read more)

Samui may be a relatively small tropical island but there are plenty of healthcare professionals working here to take care of all your medical needs.

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Part of Samui’s metamorphosis from back-packer retreat to international tourist hot-spot has been in the area of health services. With the arrival of more tourists comes an increase in accidents, health concerns and the need for medical attention. Similarly, as more foreigners have bought real-estate and relocated here, the need for good quality hospitals has increased.

The swing towards high-end tourism and the real-estate industry targeting retirees all adds to the requirement for better medical care; purely because the age of those being attracted is generally higher. And, unfortunately, as we get older the medical baggage we carry with us often increases, too.(read more)

One of the main reasons for Samui becoming such a successful and popular worldwide destination is undoubtedly the airport. When Bangkok Airways initially built and opened the original Samui Airport in 1989, the island immediately became available to a much wider group of travellers and the foundations were made that have shaped the island’s development from then on.

But the airport has helped the island’s progress in more than just accessibility. The natural looking, open-sided thatched buildings and the relaxed style of the original airport soon became synonymous with the atmosphere and the beauty of the island itself. As the first thing seen by visitors for years the airport provided a breathtaking first impression of Samui and was often described as one the most beautiful airports in the world.(read more)

The result of the election and the appointment of Thailand’s 25th Prime Minister mean that the real-estate industry on Samui can finally start planning for the future.

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Whether you agree or disagree with the result of the election, the fact is that Thailand has returned to a democratically elected government. And, as such, the country can now start to deal with the issues that have been impeding the continued growth of the real-estate market.

Political uncertainty, possible changes to the Foreign Business Act (FBA) and fears over investing into a country run by generals who took power by staging a military coup have all been major factors in potential real-estate investors taking a ‘wait-and-see’ approach.(read more)

As a place to live, or invest in, Samui’s size and development style make it a unique destination as there are no recognisable good or bad areas. Every part of Samui has a mix of exclusive luxury properties and more affordable homes all sharing the beaches and the views available. Where else in the world could you buy a three-bedroom luxury pool villa priced around $300,000 (Bt10 mil) that shares a road and a view with a home costing $2 million (Bt60 mil). Add that fact to the very low crime rates; genuinely friendly people; pleasant year-round climate; low cost of living and excellent rental returns, and it’s hard to imagine a better value-for-money investment anywhere else in the world.

Property prices have risen here and it may now be possible to find properties of comparable prices in many of the aforementioned locations. But you still tend to get more property for your money here and, taken as a whole package, Samui arguably provides the opportunity to get a bigger house, a better location, and a higher return on your investment than any of its competitors. So, there are many alternative holiday destinations but, as a place to own property, Samui appears to have few real competitors.( read more )

The PanyaDee School at Chaweng Noi is a school that caters for children of many nationalities. But it’s not, and has never claimed to be, an international school as defined by the Thai Ministry of Education. This is a controversial subject on Samui and there is much confusion about which schools are registered or accredited to offer the education that they promise. As a parent you have the right to request some form of proof as to exactly what the school is accredited to offer your child. PanyaDee is registered by the Thai Ministry of Education as an English Program School and, as such, follows the English National Curriculum.

Any parent will appreciate the effect that the learning environment can have on a child’s education. And this includes the surroundings, the facilities and, most importantly, the atmosphere generated amongst the students, teachers and the parents involved in the school.

PanyaDee is a small friendly school that has developed a strong reputation on the island without trying to overstretch or make guarantees that it can’t fulfil. Its popularity is assisted by the cheery and comfortable atmosphere that envelopes the whole school. The relaxed but professional attitude of the staff fits perfectly with the natural surroundings of palm trees, rock formations and waterfalls.( read more )

Shopping on Samui has always been associated with traditional Thai silks, ornaments and handicrafts, copy designer bags, clothing and watches, and all things aimed at the tourists that visit every year. However, the island has changed in many ways and the boom in real-estate has inspired a Samui shopping revolution.

In any area that experiences growth on the scale that Samui has seen over recent years there needs to be essential improvements to the local infrastructure to meet the new demands. Samui’s population has grown significantly, and specifically in terms of foreign residents. The island’s transformation from a backpackers’ secret hideaway to a luxury international destination is almost complete. And one area that has had to undergo a complete metamorphosis is shopping.

Just a few years ago, foreign residents were few and far between. Those that did settle here were happy to live the simple lifestyle that the island offered. But, as more people began to settle, the demand for certain products and services had to be catered for.( read more )

The leisure company headed by former British tennis player David Lloyd has formed a joint venture with Thai property developer Sea Pearl Business to develop a Bt100-million sports resort in Phuket. And a similar venture on Samui is set to follow.

This is the first venture into the Thai market for the David Lloyd Group, which operates 87 sports complexes around the world, including locations in the UK, Dubai and Barbados.

David Lloyd has stated that his group is planning to open three more sports complexes in Thailand, including one on Samui. Each complex will cost in the region of Bt100 million.

The sports complexes in Thailand will be different from others owned by the British group, because they will be part of residential developments and will therefore be referred to as Sports Resorts.( more )

Thai and British tour operators are introducing community tourism programmes in Thailand later this year. The Thai Community Based Tourism Institute (CBT-I) is a unit of the Thailand Research Fund, established to provide co-operation and support amongst local people at international levels. This aims to help strengthen Thai communities in order to manage sustainable tourism. It also gives financial support for local communities to improve their tourism sites.

Khun Tanes Petsuwan, director of the CBT-I, stated that the Tourism Authority of Thailand (TAT) had supported the programme, which conformed to the agency’s eco-tourism policy.

Small groups of visitors (such as students, families, and visitors who prefer cultural and natural attractions) are the target and the programme allows such travellers to experience and learn more about people living in rural areas through recreational activities that include trekking, fishing, diving and cooking the local cuisine.( more )

Investment applications submitted to the Board of Investment (BOI) hit a record high of 655.8 billion baht in 2007, up 32% from the previous year despite the political uncertainties.

The investment promotion agency stated that, in terms of project approvals, the value also broke records last year, doubling to 744.5 billion baht.

The agency’s representative, Mr. Satit, said, “Even though the country has faced political turmoil, investors have remained confident in the Thai economy and the capability of the infrastructure to support their investments in Thailand.”

Applications by foreign investors last year were worth 502.73 billion baht; up by a staggering 63% on 2006. ( more )

Environmental officials have paved the way for more flights and aircraft with a higher passenger capacity to be allowed at the Bangkok Airways owned Samui Airport.

Thailand’s Office of Natural Resources and Environmental Policy and Planning approved an Environmental Impact Assessment (EIA) which took local residents and the surrounding environment into account whilst considering the proposed additional flights.

By approving the plans Samui Airport will experience a rise of 62% in the number of aircraft seat capacity allowed to arrive and leave the island.

This decision means that airlines will now be permitted to run an extra two flights each day (daily flights were previously limited to just 34) as well as use two additional aircraft models, the Airbus 319 and the Boeing 737-400.

As part of this approval Thai Airways International (Thai) will seek permission to operate two flights each day from Bangkok and Samui using its Boeing 737-400 planes. Thai Airways hopes to start using this route as early as April, providing an agreement over landing times and fees can be reached with Bangkok Airways.

It’s a move which will benefit Bangkok Airways as it will then be able to use the Airbus 319 to carry a greater number of passengers. Following a 10% increase in air passenger traffic every year Bangkok Airways have recently completed a major expansion and upgrade in the facilities at the airport which is more than capable of coping with the expected rise in passenger numbers.( more )

Following pleas from property-related groups urging the next elected government to support the real-estate sector and bring stability to the industry, each of the prospective political parties has proposed policies aimed at boosting real-estate in Thailand.

In total, six major political parties have pledged to revive the economy by boosting the real-estate sector through different measures.

Speaking at a seminar on the post-election outlook for the property sector, representatives from political parties vowed to review policies such as the 30% capital controls, the nominee issue in the Foreign Business Act (FBA) and the length of residential leases.

Such a seminar shows that, whoever is elected, real-estate is recognised as an important factor in the Thai economy and even proposing to review certain policies is a major confidence boost for those working in the sector and those looking to invest.( read more )

Demand prompts new flight routes
There has been such an increase in bookings from Scandinavia to Thailand that new charter services have been introduced, as well as more frequent flights on existing routes.

TUI Nordic product area manager for Italy and South-east Asia, Ms. Lin Wessblad, has stated that the company estimated its clients from the Nordic countries to all Thai destinations would increase to 130,000 visitors between October 2007 and April 2008, representing a 30% climb from the previous period. ( read more )

The winners of the 2007 Thailand Property Awards were announced at the Royal Orchid Sheraton in Bangkok, in December. And, with over 350 of Thailand’s real-estate elite in attendance, Samui once again celebrated a successful night.

The best developer award went to Raimon Land PLC from Bangkok who will be opening on Samui in the near future. Samui’s Dhevatara Properties walked away with the best boutique developer prize, whilst Samui Villas & Homes once again won the best Thailand Agent award.

Thailand’s best international agent went to CB Richard Ellis of Bangkok that also has an office here on Samui, as does Woods Bagot which won the Gaggenau best architect award.

(read more )

X2 Resorts has been launched and promoted as Thailand’s first chain of designer resorts and hotels. The owners of X2 believe that more style-conscious travellers are becoming dissatisfied with the traditional tropical resort designs that are commonly found throughout the Asian region. The similarity in designs, products and expectations, in their opinion, can provide an emotionally and spiritually unrewarding experience.

Therefore, X2 is determined to break free from traditional design concepts and allow guests to ‘cross to’ (X2) a new dimension of luxury, designed for the spirit. And this is partly achieved with architectural designs, but more prominently through the outstanding natural beauty of the location. The X2 characteristics include: simplicity in style, invisibility of design, privacy without isolation, natural articulation of structure, and homogeneous execution with the environment. ( read more )

The Supreme Court on Friday dismissed all lawsuits challenging the Dec 23 elections, opening the way to the opening of parliament on Monday and formation of a PPP-led coalition government next week.

In separate rulings, the court threw out attempts by New Aspiration Party spokesman Sarawut Thongpen and Democrat Party maverick Chaiwat Sinsuwong to annul the election.

Mr Chaiwat contended several legal breaches in his suit: That the advance polls on Dec 15-16 were flawed, and that the People Power party and its executives were acting illegally as proxies for the banned Thai Rak Thai party and politicians, including former prime minister Thaksin Shinawatra.(more)

Having well-known visitors and residents can have exciting repercussions on the tourism industry for the island. Some celebrities are hugely popular, interesting, and incredibly influential. And not just for love-sick teenagers with a crush. Tabloid newspapers and glossy magazines, filled with pictures and gossip about the stars, consistently outsell more serious journalism and literature. People of all ages love to know what famous people are up to; who they’re with; and where they are.(read more)

Samui has got a large number of new top-end highly priced luxury properties. But the majority of homes available are far more realistically priced. Despite first impressions Samui can provide a home for anyone and any budget.

Price ranges can be bracketed to incorporate an exceptional range of living options on the island. You may be pleasantly surprised by what you can get for your money.(read more)

Dining on Samui comes in many forms. The most eye-catching for many will probably be the sheer amount of 5-star restaurants available. Samui can boast an incredible number of world-renowned chefs all working on this small tropical island. But this kind of fine dining is merely a portion of a much larger food orientated industry.

Everywhere you look you’ll see food; restaurants of varying price ranges exist side-by-side and all have one thing in common, excellent food. And don’t be put off by appearances; some of the best food on the island comes out of what can only be described as wooden shacks.(read more)

Alan Kozlowski has an illustriousbackground in arts and music that started over 30 years ago. In the roles of producer, director, cinematographer, editor, and visual effects supervisor, Alan has been involved in some of the world’s most groundbreaking productions.

When you consider memorable visual effects one of the first films you’ll undoubtedly think of will be Independence Day, and specifically the scene where the White House is blown up by aliens. Alan was the visual effects executive producer on that movie.( read more)

Seattle, Feb 21: Citigroup's property unit said it raised 1.29 billion dollar for its first fund to invest in real estate and related assets in the Asia-Pacific region, with focus on

China and India.

Citigroup, the largest US bank, and its investment professionals committed 200 million dollar to the fund, CPI Capital Partners Asia Pacific, according to a statement from the

New York-based bank.

The fund will be managed by a Hong Kong-based team of more than 25 employees led by Managing Director David Schaefer. About 40 per cent of the fund has been

already invested or pledged.

Since the beginning of 2006, the US managers have raised more than 5 billion dollar to invest in Asian real estate, according to private equity intelligence in London. (Read More)

The Asian market for real estate investment trusts (Reits) is expected to grow this year after a strong showing in 2006 resulting from buoyant equity markets and robust

economies, a property consultancy's report said on Thursday.

Twenty-seven new Reits floated in the first 11 months of last year boosted the total market capitalization of Asian-listed Reits by 66 per cent to 63 billion US dollars, up

sharply from 38 billion US dollars at the end of 2005, said CB Richard Ellis (CBRE).

"Asian Reits will likely follow their present expansionary trend in 2007," said the consultancy's executive director Danny Mohr.

Robust economic conditions support continued demand for property and a more benign interest rate outlook, he said.

With the market evolving, CBRE said Reits with hotels, hospitals and even infrastructure projects are being offered. These are diversifying asset types beyond conventional

office, retail and industrial property.

While Singapore's conducive regulatory regime and competitive tax system favourably positioned the city-state to draw an increasing number of cross-border Reits listings,

Thailand, South Korea and Hong Kong were considered the laggards in the market. (Read More)

The conference is in co-operation with the Jeddah Chamber of Commerce and in association with Islamic Banker magazine.

According to a study conducted by Samba Financial Group, the Kingdom is positioned to earn an all-time record, SR761 billion ($ 202.9 billion) in oil exports earnings this

year, representing a 25-percent increase in oil earnings compared to last year. Furthermore, according to many bankers, the projected magnitude of the capital flows in the

GCC and Saudi economy over the next few years is 'mind-boggling.'

This massive liquidity in the market has also generated huge private wealth, which is continuously in search of value added investment opportunities both at home and abroad.

IREF is the first international real estate conference to be organized in the Kingdom, which also straddles both the conventional and Shariah-compliant investment sectors.

Saudi Arabia is by far the single largest real estate market in the GCC, whether in terms of owners of capital; market size or potential market growth, accounting for US$

12,800 million followed by the UAE with US$ 8,049 million.

According to various estimates, private liquidity in the MENA (Middle East and North Africa) countries is a staggering US$ 2.3 trillion, of which US$ 1.5 trillion is in the

GCC alone. Moreover, the contribution of the real estate sector to GDP in the GCC, according to Global Research, totaled US$ 27,274 million in 2004, some 5.8 per cent of GDP.

Also perhaps one of the most promising market indicators is that 36 per cent of GCC population is under the age of 15. This alone suggests huge future demand for housing

stock. High quality office space is in short supply in Dubai, Riyadh, Jeddah, and Doha. This has had an upward impact on prices.

With all these factors in play, this conference aims to leverage these factors and to highlight the role, contribution and importance of the sector to the Saudi economy, comes

at a perfect time. It aims to explore and inform interested parties about the current state of the real estate market, focusing particularly on the regional markets and those

markets that are popular locations of GCC investment such as the US, UK, and the EU.

The conference will consider new market opportunities; future product trends including private equity, REITS and Waqfs; innovations in housing finance; developments in

social housing; and the case for real estate insurance. It will also discuss the spectacular emergence of Shariah-compliant real estate investments.

Mohamed Abdullah Al-Sharif, Secretary General of the Jeddah Chamber of commerce commented that: 'With global oil markets sustaining current levels; all projections

indicate that increasing GDP growth rate and levels of private wealth in the Kingdom and Gulf States will maintain an upward momentum in the foreseeable future. Most

analysts stress that real estate, as an asset class will dominate the investment scene in the Kingdom and the region, including in new areas such as social housing, home

financing, and securitization. As such this conference which focuses on the Kingdom of Saudi Arabia, the GCC and international markets could not be more timely.'

In the past IREF has brought together professionals and practitioners from the global real estate sectors as well as those from the conventional and Islamic financing industry.

Continuing this tradition, IREF ME 2006 will feature presentations from over 40 distinguished speakers from all over the world focusing on the hottest topics in their areas of expertise. (Read More)

...equity investments given the country's "defensive" nature and the firm's desire for more risky markets, HSBC Holdings is forecasting continued gains for Israel's real estate market - particularly the high-end.

"Rising demand and a lack of supply have resulted in increasing real estate prices in Israel," HSBC analysts wrote in a note to clients Tuesday, noting that the upper end of

the market and properties in the sought-after central region look to have been the main beneficiaries of the trend.

"Not only are buyers interested in new properties, but the feeling of being relatively better off financially than a few years ago pique interest in more expensive, higher-end properties," the analysts said.

Commercial and office real estate values are also rising, according to the analysts, who identified the return of the high-tech sector, a low supply of grade A buildings, the entrance of insurance companies into the market and the arrival of real estate investment trusts as factors that are likely to help the trend continue in coming years.

Elaborating on the firm's downgrade of the country to "underweight" earlier this month, the analysts said the defensive nature of Israel's equity market has been appealing during the period of turmoil in Europe, Middle East and Africa (EMEA) and global emerging markets (GEM).

Analysts noted that the MSCI Israel index outperformed the MSCI EMEA and MSCI GEM indices by 10.6 percent and 6.6% respectively in the past week and by 15.8% and 12.4% in the past month.

Until the current macro tensions are resolved, the analysts believe emerging markets are likely to remain fragile, with the short-term downside possibly further amplified but with Israel possibly bucking the trend given its stable economic footing and traditional equity market endurance.

"Israel is a solid market that is outperforming in the current equity crunch, but we see more headroom across the emerging market after recent falls," the HSBC analysts said.

"Looking past short-term emerging market instability, we want to increase our exposure to risky markets and reduce holdings of defensive entities."

Even so, the firm has some top stock picks in the country, identifying Bank Hapoalim and Bank Leumi as having potential upside, as well as Azorim, Aloni Hetz and

Bayside in the real estate sector. In technology, HSBC said it favored Nice Systems, whose latest acquisitions, it said, positioned the company as the worldwide market leader in the enterprise segment.

Deutsche Bank raised its rating on Israel over the weekend, citing its defensive nature, and highlighted Israel Discount Bank and Leumi as domestic plays. (Read More)

According to a statement issued by the State Council yesterday, as of June 1 the minimum down payment for a new apartment larger than 90 square metres will be raised from 20 per cent to 30 per cent.

The ratio for an apartment smaller than 90 square metres will remain unchanged at 20 per cent, to cater to "the needs of middle- and low-income groups," the statement said.

In another important move, a transaction tax will be imposed on people attempting to resell their properties within five years of purchase. The current period is two years.

The tax rate will stay unchanged at 5.5 per cent of the sale value.

The move, also effective June 1, is aimed at "curbing speculative and investment-oriented housing demand," according to the statement. (Read More)

...chief of Phuket Execution Office, said in the middle of October his department will bring media members from Bangkok to visit five major properties in Phuket which are listed to be auctioned.

The properties are worth over 350 million baht (US$9.35 million). These include an 80 rai plot of land in Chalong area, a 31 rai plot at Kalim bay north of Patong beach and a 11 rai plot in Kata on the south side of Phuket island.

The five properties have an official medium value of around 350 million baht. They are scheduled to be put on the next auction and they have attracted strong interest from investors. A minor auction will be organized on September 28th at the Phuket Execution Office. (Read More)

Construction management of The Heights Phuket has been awarded to Cornerstone Management, a well established company with a successful track record in Thailand.

The actual construction contract has been vetted out to Vasi Construction. Vasi is one of the most established and reliable contractors on Phuket with a strong portfolio of completed projects, including Raimon Land’s Kata Gardens and the legendary Amanpuri.

Conceived by renowned architect Hans Brouwer, The Heights Phuket is an inspired contemporary expression designed to complement the unique natural environment of Phuket. Its developer is Thailand-based Raimon Land.

The development is located at Karon, Phuket and is comprised of 51 luxury condominiums with two and three bedrooms ranging in size from 195sqm to 414sqm. All units look over Kata Beach and enjoy panoramic views of the Andaman Sea. (Read More)

Movenpick Residence Karon Beach Phuket has just been launched. Bill Barnett, Managing Director of C9 Hotelworks, who is responsible for the development and marketing of the project, says 30 brand new 125sqm two-bedroom apartments make up the property which is set on 2.5km of pristine white sandy beach.

The Movenpick Residence Karon Beach Phuket will be managed by the adjoining Movenpick Resort and Spa, Karon Beach Phuket, and the internationally renowned Movenpick hotel group will be responsible for the day-to-day operations of the residence.

“Movenpick´s management of each investor´s apartment makes this project the only internationally-branded and managed beachfront investment opportunity in Phuket and also affords investors a larger rental pool being part of a global hot el reservation and booking distribution chain,” said Barnett.

"Initial international response to the Movenpick Residence Karon Beach Phuket has been most positive," continued Barnett. "The Phuket property market is as robust as it has ever been with many major institutional investors entering the sector and this, combined with a boom in the Phuket travel market, points to internationally managed apartment ownership being a sound investment choice.”  The apartments start for sale at Bt13 million. (Read More)

...by the world’s richest man has kick-started plans to build an exclusive mooring off the coast of Thailand’s most popular island for billionaires to park their yachts.

Talk of the project reportedly began when Microsoft founder and US billionaire Bill Gates visited Phuket last month on a 54-metre yacht. Reuters quoted cordless telephone tycoon and developer of the Royal Phuket Marina Gulu Lalvani as saying that Gates told Lalvani that Phuket was one of "the best holidays he´d had", and he would come back every year if he could find somewhere to moor his mega-yacht.

According to Lalvani, who´s dream is to see Phuket become the number one marine destination in the world, Bill Gates was his "inspiration", yet is not a financier as some media previously reported.

The doughnut-shaped island is still at the planning stage and requires various assessments and permits granting before it can move ahead. Expected to include moorings for yachts of 70 metres (or more if need be), the island will include luxury villas, condominiums, a hotel and shopping and restaurant facilities, and yacht berths. And all this at a cost rumoured to be approximately USD200 million, which is to be funded entirely by Lalvani with no borrowing or financing.

Located approximately 3 kilometres off Phuket, opposite Lalvani´s Royal Phuket Marina, the deep water access is thought to be suffice for the expected mega yachts.

It is reported the island will be named after Lalvani´s youngest, Zoran.

This announcement by Lalvani is hot on the heels of the recent 2007 Christofle Asia Boating Awards held in Bangkok where the Phuket King´s Cup Regatta was voted ´Best Yachting Event´ for the second consecutive year and Phuket was voted ´Asia´s Maritime Capital´. And in December this year PIMEX (the Phuket Boatshow) will be held at Royal Phuket Marina for the first time, further cementing Royal Phuket Marina´s pivotal role in Phuket´s marine development. (Read More)

...C9 Hotelworks has launched a website and worldwide video competition urging the global community to interpret their idea of the perfect lifestyle on the island.

In order to gain a foothold in the strong Phuket property market, savvy developers have had to initiate new media streams to highlight the benefits of investing in Phuket property. In association with the Mövenpick Residence Karon Beach, the PhuketPerfect.com website guides viewers to a
dedicated page on the popular You Tube website where they can upload their idea of the perfect Phuket day or lifestyle.

The PhuketPerfect.com website was launched on the back of a hugely successful television advertisement campaign, broadcast throughout the region on CNN.

Participants were able to start uploading their videos illustrating the perfect Phuket lifestyle on March 1. The competition closes on April 30 and winners will be announced on PhuketPerfect.com on May 15.

All details of the program and uploading instructions can be found on PhuketPerfect.com. A number of prizes will be awarded, with the grand prize being a week-long stay at the Mövenpick Residence.

Bill Barnett, managing director C9 Hotelworks, who acts as Mövenpick Residence’s project marketer, says promotion is not just about a single apartment development but a campaign to display the perfect tropical lifestyle Phuket offers all year round.

“Phuket is booming at the moment, both on the apartment investment front and on the tourist front and we hope this campaign shows to the world that Phuket is as wonderful as ever,” said Barnett. “We wanted to do something not just for the Mövenpick Residence but also for the entire Phuket
community to show our fantastic lifestyle continues here and this is a great opportunity for others to get involved in the prosperous times we are experiencing.”

The Mövenpick Residence apartments consist of 30 two-bedroom apartments which are now for sale. The project is managed by the adjacent five-star Mövenpick Resort and Spa Karon Beach. (Read More)
 

The beachfront development is the first Anantara in Indonesia, and will complement three existing resorts in Thailand (Hua Hin, Koh Samui, Golden Triangle) and one in the Maldives.

Originally starting his professional life as an apprentice chef in his hometown of Melbourne, Hehir’s career has spanned from the kitchen to hotel operations. By 22 he had been recruited as Senior Chef in one of Melbourne’s most prestigious luxury hotels before joining The Dorchester in London.

Only a decade after, he revealed his culinary aptitude with the successful ‘Five Senses Experience’ at Hilton Tokyo’s exclusive restaurant, Twenty One. Hehir’s creativity and leadership propelled his career as a chef before taking on restaurant management positions with Hilton in Kuala Lumpur, where he oversaw the opening of seven food-and-beverage operations to award-winning reviews.
 
Prior to joining Anantara, Mark honed his hotel management skills as Area General Manager at Per Aquum properties in the Maldives. At Huvafen Fushi he excelled in delivering the highest levels of service and provided innovative guest experiences such as visits by the internationally acclaimed DJ Ravin. In addition, he was tasked with heading up the Project Development team for Per Aquum Resorts. (Read More)

leading pool companies with over 10 years of experience, recently held the ´J.D. Pools Festival´ in Phuket to promote a range of new product and technologies.

Held at Central Festival Phuket, the five day extravaganza attracted developers, hoteliers and individual homeowners.

According to Mr. Thanusak Puengdetch, Managing Director of J.D. Pools (Phuket) Co. Ltd. The J.D. Pools Festival is J.D. Pools´ first complete product exhibition and the first such stand alone exhibition held in Phuket.

New products on display included those in the ´Intel Pool Innovation´ range. The 3 in 1 Spa, which has a total of 60 massage jets (reportedly the first in the world to do so), was a popular item on display, attracting the attention of many. Other products on display included an infrared sauna (there are indoor and outdoor models) and the Mobile Spa which can be easily moved and only requires water changes every six months.

J.D. Pools also showcased their decorative range of artificial rocks which are made from fiberglass, and add a distinctive touch to the pool landscape and surrounds.

In addition to the Intel Pool Innovation product range, popular J.D. Pools products on show included the ‘Granite Composite Pools´ – a new pool which is strong, flexible and leak-free, and uses a new technology from Australia. The pools have a 25-year warranty and can be installed within 3-7 days. These pools are produced by J.D. Pools at their factory in Phuket. (Read More)

 Sirivadhanabhakdi, of TCC land, plans to develop a further 18 projects, set to be worth over Bt100 billion in various destinations, in Thailand and Vietnam, says chief executive, Wallapa Traisorat.

Mrs. Wallapa also stated that, the company’s board later this month will finalise development and renovation plans for its land plots and old properties. These are located in, Chiang Mai, Chiang Rai, Pattaya, Bangkok, Samui, Phuket, Cha-am and Krabi.

“We’re master-planning the projects to develop livable residential areas and tourist destinations with sustainable development.  The plans will generate income within the next five years” Wallapa said.

Five out of the 18 projects the board are set to consider, will be started this year. TCC, has plans to develop a 300-rai site in Bang Sai, Ayutthaya.  The site is set to be the location for a film studio that is considering two overseas partners for a joint venture.

Also in Cha-am, TCC land plan to develop a theme-park on a 10,000-rai site, through an investment with Australian and Dutch partners that want to co-invest. It also plans to redevelop a small office building into a boutique hotel in front of its Empire Tower office on Sathon Road, said Mrs. Wallapa.

TCC, are also in talks with a financial adviser, to set up property funds, for its hotels nationwide and its office buildings in Bangkok. “The property fund could have a value of more than Bt100 billion,” said Mrs. Wallapa. She also said that, “We’re selecting our properties and will set up funds one by one to be launched over the next two years”.

TCC Land and Singapore-based CapitaLand, are also very interested in, investing in Vietnam, where a presence has already been established.  New investments would be made through their joint venture; TCC Capital Land.

Mrs. Wallapa, said that TCC Capital Land are planning to open two new projects, with a combined worth of Bt3.5 billion. The Villa Sathon, a 600 unit condominium, is located near the new Charoen Nakorn skytrain station. Prices are expected to start from Bt2 million and is set to be launched in June.

The other project; a 130 luxury condominium units, located at North Park on Vibhavadi-Rangsit Road, is worth over Bt1.5 billion. Construction is expected to begin in the fourth quarter.  The company is expected to generate Bt4 billion in revenue, an improvement from the Bt2 billion last year, Mrs. Wallapa added. (Read More)

its boutique 59-suite resort property in Seminyak on December 15, during Bali’s low season. The Bali property, a 30-minute drive from the international airport, marks Anatara´s first project in Indonesia and will complement the group’s three existing resorts in Thailand (Golden Triangle, Hua Hin, Koh Samui) and the Maldives.

Enjoying a prime 3,500sqm beachfront location next to the Gado Gado restaurant, Anantara Resort Seminyak features 59 suite accommodation units on four floors, with prices starting from US$305,000 and owners enjoying an annual rental guarantee of 8% for three years plus 28 days’ free usage a year.

Just a short stroll from the glamorous hub of Seminyak, with its hip designer ateliers and cosmopolitan dining nightlife, the resort reflects the lifestyle and culture of its stylish surroundings. The design is spearheaded by the architectural vision of Anthony Liu, whose firm TonTon is renowned for its innovative tropical designs such as the Bale Resort in Nusa Dua.

Each spacious suite in the five-storey resort, which are all about 70-80sqm in size, has an ocean view, accentuating the resort’s breezy, relaxed atmosphere. Making the most of the Indian Ocean panorama, the contemporary design includes extensive glass panelling to bring the vast waterscape of Seminyak Beach into the interiors. All suites feature plasma-screen TVs, contemporary Asian-inspired furniture, broadband internet connection and a private bar.

The resort has a stylish rooftop bar with languorous settees and oversized cushions, so guests can chill out and soak in the famous Balinese sunsets. Serving up new world and Asian fare, and overlooking the wide expanses of beach below, the rooftop is set to be one of the island’s premier dining venues.

The Thai restaurant on the lobby level will offer a mix of traditional Thai and contemporary fusion-styled dishes, inspired by Thailand’s four main provinces. Transforming from a daily breakfast venue into an ambient-lit dinner venue, the restaurant is punctuated with exquisite local and Thai object d’art.

Further features at the resort include an infinity-edge pool overlooking the ocean vista, a fitness facility and the island’s first Anantara Spa, consisting of four double suites and eight treatment beds. Featuring Balinese design and décor, each spa room will be equipped with private jacuzzi and ocean views.
its boutique 59-suite resort property in Seminyak on December 15, during Bali’s low season. The Bali property, a 30-minute drive from the international airport, marks Anatara´s first project in Indonesia and will complement the group’s three existing resorts in Thailand (Golden Triangle, Hua Hin, Koh Samui) and the Maldives.

Enjoying a prime 3,500sqm beachfront location next to the Gado Gado restaurant, Anantara Resort Seminyak features 59 suite accommodation units on four floors, with prices starting from US$305,000 and owners enjoying an annual rental guarantee of 8% for three years plus 28 days’ free usage a year.

Just a short stroll from the glamorous hub of Seminyak, with its hip designer ateliers and cosmopolitan dining nightlife, the resort reflects the lifestyle and culture of its stylish surroundings. The design is spearheaded by the architectural vision of Anthony Liu, whose firm TonTon is renowned for its innovative tropical designs such as the Bale Resort in Nusa Dua.

Each spacious suite in the five-storey resort, which are all about 70-80sqm in size, has an ocean view, accentuating the resort’s breezy, relaxed atmosphere. Making the most of the Indian Ocean panorama, the contemporary design includes extensive glass panelling to bring the vast waterscape of Seminyak Beach into the interiors. All suites feature plasma-screen TVs, contemporary Asian-inspired furniture, broadband internet connection and a private bar.

The resort has a stylish rooftop bar with languorous settees and oversized cushions, so guests can chill out and soak in the famous Balinese sunsets. Serving up new world and Asian fare, and overlooking the wide expanses of beach below, the rooftop is set to be one of the island’s premier dining venues.

The Thai restaurant on the lobby level will offer a mix of traditional Thai and contemporary fusion-styled dishes, inspired by Thailand’s four main provinces. Transforming from a daily breakfast venue into an ambient-lit dinner venue, the restaurant is punctuated with exquisite local and Thai object d’art.

Further features at the resort include an infinity-edge pool overlooking the ocean vista, a fitness facility and the island’s first Anantara Spa, consisting of four double suites and eight treatment beds. Featuring Balinese design and décor, each spa room will be equipped with private jacuzzi and ocean views. (Read More)

the strategy of eco-design by using principles from recent European eco-villages, where power, water, heat and sometimes food are supplied from within the estate. Neither isolated nor self-sufficient, an eco-estate exists in harmony with the natural environment.
 
Stemming from a concept developed to combat the negative effects of building, eco-estates have been promoted by the Global Eco-Village Network since 1995. The group comprises an international collection of specialists trained in the science of Self- Sustainability and Permaculture – a way of designing the world around us to be healthier.

The key principles of their philosophy are: building to create a low impact on the environment; incorporating building products, technology, materials and designs which promote ecobalance and, establishing an economic system in which fairness and non-exploitation are hallmark features.

In recent years, the idea of building without taxing the environment has improved by advancements in technologies, which enables the results of research and development to make their way more quickly into commercial products. Ongoing government initiatives like the Nasa Space Program have produced many new innovations with eco-friendly functions, such as the Dynaspec roof insulation system.

Eco-building is also no longer a far-fetched concept in global manufacturing centres like Thailand, where there is also a healthy demand for building products. The property market here has now evolved into a hub for “green” energy recycling technologies.

Pioneering the way in building eco-friendly homes by incorporating the latest in energy-saving technologies are Architects Gary Fell from GF AB in Bali (Na Pah Samui and Mangosteen Suites & Villas Phuket) with roof gardens and “cool” designs, Adrian McCarroll of Original Vision in HK designing Rajadhani in Bali, a mountain retreat under the gaze of Mount Gurung Agung with cliff hanging villas and modern treehouses. Paul Raff from Montreal also is greening his estates with hanging gardens and “green walls” at The Natai. Rob Mirams in Sydney plays with solar movements and seasonality to best effect with interesting skylights in his luxury villa designs. (Read More)

 property buyers and investors have returned back to the Thai market this month and more transactions are expected in the second half of the year, according to Aliwassa Pathnadabutr, Managing Director of the property consulting firm CB Richard Ellis.

"This will be true if the government can keep the situation without violence until the election day" she said.

"Foreigners who do not follow Thailand´s situation keep asking about the new election."

The overall outlook for the Thai property market has improved considerably, after the Constitution Tribunal’s decision to dissolve the Thai Rak Thai party in May. This was seen as a promising move to clear up the political instability plaguing Thailand.

A lack of confidence was still seen by many in Thailand, until graft investigators seized the assets of ousted Prime Minister Thaksin Shinawatra and authorities announced new elections as early as November would take place.

"Demand remained strong but decisions were delayed, so as soon as everything seemed to be clear, property buyers hurried to make decisions" Ms Aliwassa said.

"The most active market was the high-end residential sector. This segment is the company´s residential focus. Demand was pent up and had slowed down since last year.

Early-bird buyers now hurried to acquire units they had aimed at as they were afraid other buyers would grab this chance to get a good price."

The property developments that attracted most attention were those that were nearly completed. With high-end residential developments- Athenee Residence and The Infinity set for completion next year, the future looks bright. (Read More)

...resort market fuels need for CBRE expansion

CB Richard Ellis has opened a new office in Koh Samui in response to growing investor demand and the number of quality developments on the market. CBRE is a leading real estate service provider in Thailand and has consistently served its clients throughout the country from Bangkok for the past 19 years.
 
In 2004, a second office was opened in Phuket and CB Richard Ellis is now the leading international agent on the island offering a range of services from property sales, management, investments and land sales, and valuation and research to the Phuket market. There is no substitute for a local presence, so CBRE is opening a Samui office in order to better service their clients either living or looking to invest from overseas in the island.

“I am delighted to announce our expansion into Samui,” said David Simister, Chairman, CB Richard Ellis Thailand. “CBRE is confident in the sustainable growth of the Thai resort property markets and despite concerns over the current political situation, CBRE sees a consistent and strong demand for resort properties, particularly in Phuket and Samui which are highly desirable tropical islands.” (Read More)

...sophisticated destination for property buyers, new design concepts are beginning to emerge that match and even exceed the progressive ideas on display in more established destinations like Phuket and Bali.

Aqualina Samui is one such project, and will exemplify an almost futuristic approach to design with function emphasized over form and special features such as grass-planted roofs and ultra-spacious living areas.

With Gary Fell´s GFAB team as master planners on the project, it comes as no surprise that the designs challenge traditional living concepts in favour of more energy efficient, practical spaces. A seamless spill over from architecture to nature breaks down the definitions of interior and exterior, and  a considered use of glazing invites the surrounding views inside.

Eighteen luxury villas will sit on a hillside in Mae Nam affording stunning sea vistas. The living concept is aimed primarily at the ´ young professional´ market, with the internal elements, furniture packages and interior designs creating a fresh, bright and clean environment that compliments the open spaces incorporated into the architecture.

Aqualina also comes with a comprehensive management package, marketed through Savills Thailand, which makes healthy yields a realistic option for those non-resident on Samui. Owners can also opt for a full service package that includes added conveniences such as housekeeping, security, landscaping and concierge services. (Read More)

...unprecedented triumph, Koh Samui´s residential property market has recently been suffering from a sales slump. The government´s planned crackdown on foreign companies with nominee shareholders, combined with a number of high-profile land encroachment investigations have caused a significant drop in investor confidence, although the construction and tourism sectors continue to boom.

Most of those involved in the property sector see the slow down as temporary, but many also feel that new approaches to foreign ownership are needed to re-establish investor security.

An email circulated to the local press and business community on Koh Samui last month claims to offer exactly such a new option for foreigners that want to invest in property on the island. In what appears to be an extension of existing laws and exclusive to Samui, a Thai company known as Thailand Long stay Management (TLM) is offering perpetual 30-year leases through a special government-backed programme. (Read More)

...of stricter foreign ownership regulations on Koh Samui, it comes as no surprise that the first condominium projects have broken ground over the last year. Unlike Phuket and Pattaya, the island has not yet been a major target for this type of development, mainly because of strict adherence to Samui’s restrictive building code, which limits a building’s height to 12 metres. But things may be about to change.

In Thailand, a foreigner can personally own a building, but not the land it sits on. Therefore an apartment within a condominium provides an obvious solution to the foreign ownership issue.  In a condo building, a foreigner can own 49% of the total floor area, not 49 out of 100 units, either as a lease or by setting up a legal vehicle to own the freehold title. After it has been properly registered, the condominium juristic body then owns the land title.

Along with legally owning it, another advantage of buying a condominium is that by definition it is generally a managed property.  An owner can use it and then lock it up while away knowing that the building and common areas will be looked after.  Alternatively, they can leave it under contract management and have it generate income in their absence. (Read More)

...may have slowed but not before the island had been transformed by the construction of innumerable high-end villas and homes. Almost every beach and mountainside now features one or more first class property, and the construction of luxury homes continues unabated, especially in the island’s less touristed south. Samui is still a long way behind Phuket in terms of providing exclusive residential choices, but a burgeoning ‘millionaires list’ of properties has already made a significant impact in terms of the kind of accommodation available to rent and buy.

High-end investment
The first people to build high-end luxury homes on Samui were private individuals in search of a holiday retreat. A handful of investors, many from Hong Kong, snapped up plots of prime beachfront and mountainside land, then built their own private palaces looking out over the island’s famed blue seas.

On the beach, the friendly climate meant villas could be designed as a series of interconnected buildings rather than as single houses, while on the mountainside, multi-level terraced homes became the trend amongst the island’s new rich residents, with infinity pools almost a standard requirement.

As the word spread, particularly in Hong Kong, larger developers began to buy up land on Samui and soon there was an extensive list of 5- 6 bedroom luxury properties on the books of most real estate agents. The houses catered specifically to buyers with deep pockets and investors with limitless wealth and good taste. Many sold for upwards of a million dollars, still a steal for buyers used to the multi-million dollar price tags in other parts of the region. (Read More)

...the biggest brand on Koh Samui was probably Bob Marley, but massive economic growth and major developments in tourism have led to a significant increase in global interest and investment. As is often the case, it was the retail sector that led the brand invasion with golden arches, superstores and high street pharmaceuticals taking over from street stalls and family-run corner shops. More recently, the hospitality sector followed suit with mainstream hotel chains and now, largely on the back of big name resorts with mixed use strategies, the island’s property industry has expanded to include international, corporate agencies and developers.

In the coming months, well known firms such as CB Richard Ellis, Savills and Raimon Land will all begin to exert their influence on Samui, either representing or developing projects that will eventually transform the island’s residential landscape. The advent of “Brand Samui” may mark the beginning of a new phase in the island’s evolution and could stimulate the recovery that many feel is now desperately needed. (Read More)

...has been at the receiving end of a significant amount of criticism relating to its Bangkok-Samui route.

As reported in Property Report Thailand’s December edition, the airline axed a proposed fare hike following complaints from Samui business owners and tourism industry workers that it would have an impact on the island’s economy.

But not everyone is pleased with the airline’s flip flop. In fact, John Birt, managing director of Samui Villas and Homes, says businesses should be thanking the airline for opening up a whole new market to them, rather than protesting.

“People react to any news about Bangkok Airways without thinking it though. All of us in business on the island wouldn’t be here if not for BA,” says Birt, adding that the airline’s CEO, Dr Prasert Prasarttong-Osoth, came to the island and built the airport himself, when nobody would assist him financially. “Most people don’t know the true story behind the airline.” (Read More)

...part of Samui Villas & Homes’ (SVH) ‘The Signature Collection’, is preparing to welcome VIPS from Land Rover Thailand in Bangkok during the week of the Koh Samui Regatta, 27 May – 2 June. Three of the eight showpiece properties at Miskawaan will host the team of senior executives for two nights as part of a ‘Land Rover Experience’ VIP event planned to coincide with the Regatta, of which Land Rover Thailand is a Co-Sponsor.

The brand new Miskawaan Estate is one of the latest additions to the prestigious The Signature Collection managed by beach villa specialist SVH, the 2006 Winner of Best Agent at the Thailand Property Awards and also an Island Sponsor of the Koh Samui Regatta. This stunning development enjoys a prime beachfront location on Maenam Bay on Samui’s tranquil North coast and is exemplary of The Signature Collection in offering the discerning traveller the ultimate luxurious experience in the most exclusive and private tropical environment. Like all of the villas in the portfolio, the Miskawaan houses are designed and finished to the best western standards and are equipped with 5-star facilities and amenities, including a private pool and a number of resident staff, including a Thai gourmet chef. The particular hallmark of a stay in one of The Signature Collection villas is the very high level of personalised service offered to guests by the live-in Thai team. (Read More)

...are often compared for their natural beauty and lifestyle attractions, as are Langkawi and Penang in Malaysia. Each unique yet all four have similarities, not least their buoyant real estate markets. And now they are joined, not by land but by air, following the announcement of new services by Firefly Airlines.

Launched in April and wholly owned by Malaysia Airlines, Firefly is a low-cost start-up based in Penang that currently features a fleet of two Fokker F50 turboprops. As the newest arrival on the Asian aviation scene, Firefly is focusing on non-trunk sectors, rather than going head-to-head with more established rivals.

Termed a ´community airline´, Firefly has targeted unique routes as a distinct point of difference. Along with its two popular international routes to Phuket and Samui, it offers domestic flights from Penang International Airport to Kota Bahru, Langkawi, Kuantan and Kuala Terengganu. Firefly executives are now aiming to break even in the company´s first year following a positive response in the first month of operation. (Read More)

...PLC announced it is stepping into the luxury residential property market with two high-end developments – one in Bangkok and the other in Koh Samui.

The development plans are part of the company’s aim to expand its hotel, food and residential businesses over the next four years. The company has earmarked Bt10 billion for its expansion plans.

The 14-unit Samui Beach Residence will be part of the company´s Four Seasons Hotel on Koh Samui, which opened February 1 at Laem Yai peninsula. One unit, worth Bt100 million, has already been sold.

The Bangkok property will be located on Ratchadamri Road, next to the company’s Four Seasons Hotel. Following the trend toward mixed-use properties, it will have 250 hotel rooms on 30 floors and 75 residential units on 20 floors. Construction has already begun, with the project scheduled for completion in 2009. Units will start at Bt25 million.(Read More)

...hotel brand, has announced plans to open its first hotel/residences development in Thailand.

W Retreat & Residences–Koh Samui will be the brand’s third in the world, following W Maldives which opened in September 2006 and W Vieques, scheduled to open in late 2007.
The newly built 70-villa W Retreat & Residences–Koh Samui will cater to upscale leisure travelers when it opens in late 2008. There will also be approximately 20 luxury residential villas on the grounds of the retreat that will be available for purchase.

Starwood Hotels & Resorts Worldwide, Inc. the parent company of W Hotels, has entered into a management agreement with Amburaya Resorts to manage the hotel.

"The signing of W Retreat & Residences–Koh Samui marks the entry of the W brand into Thailand, undeniably one of the top-rated destinations for its value and unforgettable beauty, luxury, culture and adventure,” said Ross Klein, President of W Hotels Worldwide. “Koh Samui will be the first destination in Thailand to have W Residences, which have become the ultimate expression that our guests want to live with us 24/7, checking-in and never needing to check-out.” (Read More)

Property hot spots linked by airline

Bangkok Airways are soon to announce their winter schedule and four new routes starting toward the end of October.

As well as further expanding it's regional service with Chiang Mai-Siem Reap (one way) and Bangkok-Vientiane, Bangkok Airways are targeting the Andaman Region with new Bangkok-Krabi and Samui-Krabi services.

Samui is Bangkok Airways' stronghold, due in large part to their exclusive access to the island's airport which they privately own. As a result, Samui's growth has been largely attributed to Bangkok Airways and their strong support and promotion of the destination over the years.

Operating Singapore-Samui and Hong Kong-Samui routes has contributed to the growth of the Samui property market through providing easier and quicker access for regional buyers and investors.

Now linking Krabi with flights direct from Samui and Bangkok, the trickle down effect is expected to be seen in Krabi. Not only is Krabi hoping to see increased tourism numbers through more flights to the province and more convenient access, but Krabi´s burgeoning property market is expecting to see gains too.

In property circles, Krabi has often referred to as part of Great Phuket, which includes Phuket, Phang Nga and Krabi provinces. And now with improved air access from key destinations within Thailand, the expansion and development of Greater Phuket, and Krabi in particular, is expected to gain momentum.

World Tennis Association number one ranked Female player Justine Henin has selected an apartment on Koh Samui to be her holiday home in Thailand.

The Belgian recently picked up a unit in Infinity Samui, a new gated low rise luxury development on a prominent hillside position with panoramic ocean views located in the Mae Nam area of Koh Samui.
The development was recently launched by Savills in Dubai with high levels of interest received.

Commenting on her purchase, Henin said: “I am delighted to have selected Infinity Samui for my holiday home in Thailand as the design and stunning ocean views provide for a truly tropical modern environment.” (Read More)