Author: Bill Barnett

Russian property buyers rising again in Phuket

From Russia with Love might is a James Bond 007 thriller but it has also been a mantra for island developers as the past nine months has seen a strong uptick in demand in Phuket real estate by Russian buyers. According to the recently released Phuket Russian Tourism Market report, over 51% of Russian travelers to Thailand come to Phuket. The contribution to the local economy in terms of tourism re...

Why selling property too fast is bad business?

One of the most common mistakes by property developers in hot markets or with premium properties is the misconception that a fast sell-out is good. It’s often hard for real estate sales people whose mantra follow’s the ABC’s (always be closing) to understand the big picture, or more importantly the bottom line. Property projects remain fairly finite investments and the quantum rules are how much d...

Phuket Commercial Land Parcels Soar

Ol’ Blue Eyes Frank Sinatra might be gone but who can forget those tuneful lyrics “Fly me to the moon,let me play among the stars, let me see what spring is like, on a Jupiter and Mars, in other words…” Well in other words what has taken flight in Phuket real estate over the past few years have been the stratospheric growth of commercial land parcels at inland locations. As the Millennium turned i...

Malaysia considers restricting foreign property purchases

A hot topic over the past month has been the Malaysian government’s review and possible increase of the set minimum of investment in property by foreign buyers.Currently the level for the most part is RM1 million (approximately USD225,000), The trigger of the issue has been the weakening Malaysian currency, the ringgit, which has been on the slide for a continued period of time. Though to complica...

Why condo model units pay off big time

Traveling around Asia I can’t help but start to see similarities in successful real estate projects. One of the key denominators has to be a well fitted out model unit. That said, please be reminded all model units are not created equal. Last week I was in Cebu and visited the sales deck at The Residences at The Sheraton Cebu Mactan Resort. There was not only an impressive sales area, but moving u...

Overseas buyers flock to Bali luxury villa offering

Bali’s resort grade real estate market has gotten a shot in the arm with strong overseas buying activity at the Mandarin Oriental Residences offering in Pandawa. Within recent memory the mainstay property audience has been Indonesian’s in mostly condohotel units. Pricing points and unit sizing fell sharply and for the most part larger villa estate offerings have seen fairly flat trading. One of th...

Thai government renews 50 year property lease talk

Thailand’s real estate sector is buzzing on comments in the media that the Finance Minister has made on the possibility of extending property lease terms to 50 years. Currently a 30 year term with a  renewal for the same period is in effect.  What is the possible implications for Phuket’s apartment and villa market? Leasehold ownership has remained a popular and sustainable market force for the la...

Why design adds value to tropical properties

Adding value to property is the dream of every real estate investor. How to unlock value through key drivers can often be a minefield of confusion and a is further complicated by a lack of understanding what actually motivates buyers? Sure location is a key factor, but going beyond that often means forgetting about bricks and mortar, and looking what moves purchasers off the bench and into the fie...

How to retire in Margaritaville?

One of rock and rolls longest serving stars Jimmy Buffet is partnering on a new rollout of Margaritaville retirement communities. Jimmy’s brand has already swept though cafes, casinos, hotels, and vacation ownership, so real estate is the next great leap forward. The property venture is a tie-up with Minto Communities and will feature a high concept Town Center hub. Wellness, learning and recreati...

Phuket Ups Luxury Ante With Aquila Mega Villa

Phuket’s much-vaunted Millionaires Mile in Kamala has a new push luxury contender with the opening of the Aquila Villa. Featuring seven bedrooms and fitted-out much like a private hotel, the property is already gaining attention far and wide. Located on a 10,000 square meter site, highlights include a thirty meter pool and ocean access to a coral reef along the stunning island’s west coast. Privat...

Ultra luxury Avadina Hills project gearing up

One of the latest ultra luxury villa estates in Phuket Avadina Hills is pushing ahead to build out seven villas. The latest move demonstrates confidence by the developer in the island real estate market. Bright signs in the sector this high season has been strong demand at the nearby The Residences at Anantara Layan Phuket. Another instant success story was the launch of the Angsana Beachfront Res...

How currency volatility affects Phuket real estate

While much is written about real estate market values in Phuket, undoubtedly the sleeping giant of the resort grade property is foreign currency fluctuations. Why you might ask? Well the majority of transaction activity in this segment are transactions by foreigners unlike other markets in Thailand. According to data on FazWaz.com the relationship between the Thai baht and popular perceptions migh...

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