Phuket Property Watch Your Eyes on Real Estate in Thailand
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Hello and Happy Friday from your friends at PPW. We’ve got a good roundup for you this week, starting with an Asian Correspondent reflection on comments from Juwai.com CEO Carrie Law. Law mentions a few reasons to expect continued interest from Chinese buyers in 2019, from quality projects offering lifestyle and/or investment extras to new infrastructure projects in Thailand (we’ve previously reported on proximity to public transit being a significant factor in current and future devleopment prospects). Another factor weighing in is the ongoing China/US trade war which could convince investors to focus on more affordable and reliable locations like Thailand. While markets like Bangkok, with an estimated 15,000 units sold comprising half of all foreign purchases, are already seeing strong numbers, Juwai is of the opinion that real estate enquiries in Thailand could grow by 10% this year. Last year was the first that Thailand topped enquiries submitted to Juwai’s site so there’s reason to believe, and at $2.3 billion in total Chinese investment in Thailand last year, reason to hustle too.
Next up is a Thaiger News overview of the recent Thailand Yacht Show & Rendevous (TYS), held from January 10 through 13. For now the fourth year in a row, and for the first time combining other shows into one, the show has proved a success. With yacht dealers, property developers, lifestyle product retailers, brokerage houses and charter agencies providing a fine assortment of luxury offerings, and an enthusiastic and high-caliber crowd, many sales were made both at the event and in continued negotiations thereafter. And it’s not just the private sector that is excited about the TYS, the government is also pushing for increased foreign interest and investment in yachting and the superyacht lifestyle across Thailand. Recent efforts have been generating results, as a Bloomberg superyacht tracker report showed Thailand to be the 4th most popular winter yacht destination especially over Christmas and New Year holidays. This is great news for local businesses like BoatCrowd who are looking to make it easier to rent or charter a yacht in Phuket or across the world.
Our final item today is a press release from JW Marriott Phuket about some exciting new technology being utilized at the resort. With the help of partner Generation Water, JW have installed a device that will suck humidity out of the air, filter and mineralise it, and distribute it as clean healthy drinking water into glass bottles for guests of the JW Marriott Phuket Resort & Spa (445 rooms) and the Renaissance Phuket Resort & Spa (180 rooms) as well as visitors to the Mandara Spa and attendees of corporate meetings and events. They’ve claimed more than 100,000 plastic bottles saved since the project kicked off 5 months ago, and are expecting to prevent the use of over 2 million bottles this year alone, with plans to scale to other resorts in Thailand for an even more impressive 4 million bottles eradicated yearly. Experts recommend drinking 8 glasses of water each day to maintain optimal levels for health. Additional health tips can be found at MyMediTravel who are making it easier to research and book medical procedures in Thailand and worldwide.
