openPR Logo
Press release

Phuket property sales predicted to rise

01-14-2011 02:41 PM CET | Industry, Real Estate & Construction

Press release from: Phuket Ocean Villas Co. Ltd.

Phuket property sales predicted to rise

Phuket property sales predicted to rise

Phuket, Thailand: Thailand property developer, Seacon Development, are predicting that property sales in Phuket will increase by twenty five percent in 2011.

The developers of Seacon Square on Srinakarin Road in Bangkok may have a point, as foreign investment in Phuket property has continued to rise, year on year, since 2008.

In 2010, foreign investment in Phuket property totalled four billion baht (US$ 131 million). This represents an increase of twenty five percent since 2008.

Although an increase is expected in Phuket, property sales figures are unlikely to reach those achieved during 2006 and 2007, when sales climbed to a peak of twelve billion baht (US$ 393.1 million) during 2007.

"The [property] market [in Phuket] has still not fully recovered from its peak before the 2008 financial crisis, however. The major reason for continued weak sales is the economic situation in Europe, particularly the UK, where large numbers of customers came from in the past," commented executive director of Seacon Development, Piya Sosothikul.

A report by Seacon says that there are currently one hundred and forty seven property projects still under development in Phuket.

Ninety-six of these consist of five to sixty million baht villas, and a further twenty-eight are condominium projects under construction.

There are also twenty-three projects classified as high-end luxury property, where properties cost at least sixty million baht (US$ 2 million) each. Most of these are located on the west coast of Phuket in areas such as Surin Beach, Kamala, Laem Singh and Naithon.

Phuket Ocean Villas


Rebecca Smith

Phuket Ocean Villas

Read the main article:

149/12 Srisoonthorn Road,

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Phuket property sales predicted to rise here

News-ID: 158460 • Views: 1145

More Releases from Phuket Ocean Villas Co. Ltd.

Thailand aims to double tourism by 2014
The Tourism Authority of Thailand (TAT) has unveiled ambitious plans to double tourist arrivals to the Kingdom over the next two years. Armed with a budget of 500 million baht (US$16.4 million) and a new campaign slogan, “The miracle years of amazing Thailand”, TAT will attempt to double arrivals to thirty million per year, whilst also increasing income from tourism to 2 trillion baht (US$65.5 billion) per annum. TAT has already earmarked
Phuket property: The Village, Coconut Island may face legal action
Phuket, Thailand: According to a report in the Phuket Gazette, Phuket property development The Village, Coconut Island could be facing legal action for infringing Thai environmental and licensing laws. A complaint filed by local residents at Phuket Provincial Hall last week stated that The Village was releasing untreated waste water into the sea. The matter was followed up personally by Phuket Vice Governor Somkiet Sangkhaosutthirak who visited the island last week with
Phuket Boat Lagoon crosses water to add moorings in Krabi, Thailand
Phuket, Thailand: As Phuket Boat Lagoon continues to be almost always full to capacity, its owners have been looking across the water to Krabi to increase the number of yacht berths that they can offer. And it seems that their plans are well advanced, as they have just announced that phase one of their Krabi Boat Lagoon is due to be completed in November this year. The new marina is located in
Thai massage hits new heights in Phuket - Bangkok to see climax
Phuket, Thailand: More than five hundred Thai massage therapists descended on Kata Beach in Phuket, Thailand today for an un-official attempt at setting a new world record for simultaneous massage. Although the official figure is yet to be confirmed, it is thought a total of five hundred and eighty four pairs took part. The current official Guinness World Record is two hundred and thirty two, set on 30TH March 2010,

All 5 Releases

More Releases for Seacon

Comprehensive analysis on Underwater Connectors Market Growth | Key Players are: …
Global Underwater Connectors Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2026. Underwater Connectors Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Underwater Connectors market and provides information regarding the revenue for the period 2020 to 2026. Underwater Connector market is projected to be around USD
Underwater Power Connector Market to Witness Robust Expansion by 2024– Top Key …
Market Research Report Store offers a latest published report on Underwater Power Connector Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 91 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: Underwater power connectors are designed to
Marine Cables and Connectors Market is set for a Potential Growth Worldwide by 2 …
A new business intelligence report released by HTF MI with title "Global Marine Cables and Connectors Market Insights, Forecast to 2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Marine Cables and Connectors Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The
Petroleum Resins Market Global Trends By 2026 With Major Key Players Arakawa Che …
Petroleum Resins Market–Insights Petroleum resins are low molecular weight thermoplastic hydrocarbon resins obtained from cracked petroleum fractions. It has a tackifying effect, which is slight sticky effect and hence, is used in coatings, paints, varnishes, printing inks, paper, lithographic inks, adhesives, concrete curing compounds, rubber, and other applications. It is available in powders, crushed nuggets, flakes, solid block, beads, solutions, and dispersions forms. Key market players in the global petroleum resins market
Underwater Connectors and Systems Market 2017 – 2025 Important changes in mark …
Press Release – 31 Dec 2018 Research and Development News -- . . Latest Update "Underwater Connectors and Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future. ' ' The global underwater connectors and systems market can be segmented based on type, application, end-user industry and region. In terms of type, the underwater connectors and systems market can be segmented
Global Underwater Connectors and Systems Market 2017 - 2025| The SEACON Group, G …
Researchmoz added Most up-to-date research on "Underwater Connectors and Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its huge collection of research reports. Underwater connectors and systems include a wide range of cables, wires, connectors, assemblies, and interconnectors, which are custom-manufactured for various projects such as subsea processing, subsea drilling, monitoring, production control, and operating equipment. These connectors and systems are an essential