Property in Phuket

THE first three rules of buying property are: location, location, and location. But in Phuket, this rule of thumb inevitably leads to endless debate about the benefits of the east coast versus the west coast.  Arguments ensue about the wide open, monsoon-flushed seascapes of the west, compared to the dreamy, limestone karst islands of Phang Nga Bay.

But one development seems to offer the best of both worlds, with southern facing villas offering fabulous ocean views from an idyllic headland. The Tamarind Development, on the tip of Cape Panwa, does all these things, and will eventually feature a total of only seven villas on about seven rai of pristine forested headland.

The small private development features absolute water frontage at Ao Nam Bo, on the very tip of Cape Panwa. Because it is a dead end with no through traffic, it is a really quiet oasis, which is rarely found on Phuket these days.  Peace and seclusion are guaranteed and Cape Panwa has retained most of its original quiet island charm, while still being within easy driving distance of the shopping, bars, restaurants and amenities of Phuket Town.

The development features amazing 280-degree views across the dreaming islands, from Koh Lan in the south, across Taphao Yai and Noi almost straight ahead, through to Koh Sirea in the north.  You can even get a glimpse Koh Phi Phi off in the misty distance.  Unlike the views commonly seen on Phuket which are often empty expanses of sea, here they are a hive of activity.  Colourful fishing boats chug gently between the offshore islands, and the odd yacht will drop anchor to shelter in the protected waters in the lee of the islands. Continue reading →

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property in phuket

INTEREST in the Phuket property market has increased in recent weeks despite the troubled financial markets as savvy, cashed up investors focus on Thailand’s most popular island.
According to Martin Phillips from Engel & Volkers (Thailand) Ltd, the attraction is simple.

Thailand, while not totally unaffected by the world’s economic woes, has taken a very conservative approach to the financial crisis.  Banks have cleaned up their balance sheets and are now careful lenders with no sub-prime exposure.

Phuket property transactions are principally a cash purchase, and as such, there is usually little mortgage or debt in place.
This means there is less risk of asset values falling other than through supply and market demand.

In fact prices have held stable in Phuket while in other parts of the world, property prices are experiencing steep property price declines. There are also guaranteed yields of up to 8per cent in place for properties on Phuket which are attached to resort facilities.

Completed and near completed projects are also offering guaranteed yields of up to 8 per cent per annum subject to, terms and conditions such as placing the property into a rental pool.  Obtaining a good yield is one positive point, but when you consider the additional benefits of buying a great holiday home and possible long-term capital appreciation, buying property on Phuket can be a very favorable investment alternative.

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