{"id":26588,"date":"2016-09-20T09:10:35","date_gmt":"2016-09-20T02:10:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/phuket-residential-market-is-dominated-by-income-seekers\/"},"modified":"2016-09-20T09:29:39","modified_gmt":"2016-09-20T02:29:39","slug":"phuket-residential-market-is-dominated-by-income-seekers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phuket-residential-market-is-dominated-by-income-seekers\/","title":{"rendered":"Phuket residential market is dominated by income seekers"},"content":{"rendered":"<p>&#013;<br \/>\nWatch: exclusive insights from one of Asia\u2019s leading boutique investment firms \u2013 what makes Phuket desirable?<\/p>\n<p>Phuket\u2019s residential market experienced increased villa sales in Q2 2016, with five higher-end properties sold compared with just one in Q2 2015, according to CBRE\u2019s Phuket Residential MarketView Q2 2016.<br \/>\nSmaller and cheaper units are where primary interest lies, with a focus on income.<br \/>\n\u201cOverall the Phuket market is still very slow and the biggest change this year has been that purchasers are looking for income producing properties,\u201d said James Pitchon, Executive Director at CBRE.<br \/>\n\u201cThere\u2019s a split market right now, there have been a couple of sales at the super-luxury end, but the majority are at the much lower end. There is a definite focus on income purchases and overall the volume of sales is very low.\u201d<br \/>\nMore: Beachfront condo on Phuket set to make waves at overseas launch<br \/>\nSpeaking in an exclusive interview, Richard Yue, CEO of Arch Capital Hong Kong; one of Asia\u2019s leading boutique investment firms and developer of Phuket\u2019s MontAzure, said he is positive about the future of Phuket.<br \/>\n\u201cPhuket is probably one of the best brands for resorts in Asia, and it\u2019s a very mature market here, so we\u2019ve always been attracted to this market,\u201d he says of the decision to build MontAzure,\u00a0a luxury mixed-use resort development, on Phuket\u2019s west coast at Kamala beach.<br \/>\n\u201cWhen someone takes their family to a beach resort, they would often just envision water, sun, beach, good food and a nice environment, but I think Phuket has a lot more to offer than just that.\u201d<br \/>\nWatch the exclusive here:<br \/>\n<div class=\"video-container\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"740\" height=\"417\" src=\"https:\/\/www.youtube.com\/embed\/gdxNzt1WxAk?version=3&#038;rel=0&#038;showsearch=0&#038;showinfo=0&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation\"><\/iframe><\/span><\/div><br \/>\nBranding and consumer trust appear to be a major theme in the development of MontAzure.<br \/>\n\u201cA lot of what we are doing are going to be homes that people are going to live in. People want to buy into credibility and track record. So for example the Intercontinental hotel will be anchoring our development. The beach club that will be coming, which we can only announce later this year, is also coming from a very strong brand. Twin Palms will be managing our condominiums on the beach, they have a long history here in Phuket.<br \/>\n\u201cSo by building a collection of credible brands, in a way that makes our development even stronger and more credible.\u201d<br \/>\nRead next: Crackdown on Airbnb style holiday rentals in Phuket&#013;<br \/>\n&#013;<br \/>\nSource : property-report.com&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.property-report.com\/phuket-residential-market-is-dominated-by-income-seeking-purchasers\/\" target=\"_blank\">Phuket residential market is dominated by income seekers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Watch: exclusive insights from one of Asia\u2019s leading boutique investment firms \u2013 what makes Phuket&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26588","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6UQ","jetpack-related-posts":[{"id":37442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/these-are-thailands-priciest-villas\/","url_meta":{"origin":26588,"position":0},"title":"These are Thailand\u2019s priciest villas","date":"December 8, 2016","format":false,"excerpt":"\r The hunt for income-producing properties may start here A show suite at MontAzure in Phuket A villa project within MontAzure, a mixed-use luxury development in Kamala Beach in Phuket, is set to launch next month. With the most expensive unit priced at THB700 million (USD19.7 million), the villas will\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-with-the-new-why-buyers-are-eyeing-phukets-inland-opportunities\/","url_meta":{"origin":26588,"position":1},"title":"In with the new: why buyers are eyeing Phuket\u2019s inland opportunities","date":"February 12, 2016","format":false,"excerpt":"\r Investors are looking beyond beachfronts on Thailand\u2019s most popular island Thailand Road in old Phuket Town is in the midst of new residential and commercial developments It is easy to fall in love with Phuket. Its beautiful beaches, the laid-back lifestyle and vibrant nightlife make it a favourite of\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Thailand-Road-in-old-Phuket-Town-is-in-the-midst-of-new-residential-and-commercial-developments.png?fit=740%2C494&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":42603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-are-becoming-investors-first-tourists-second-in-thailand\/","url_meta":{"origin":26588,"position":2},"title":"Chinese are becoming investors first, tourists second in Thailand","date":"February 2, 2017","format":false,"excerpt":"\r That is, if Beijing\u2019s capital controls don\u2019t catch them first Phuket, one of the most popular destinations for Chinese property investors in Thailand. Aleksandar Todorovic\/Shutterstock Chinese demand for real estate in Thailand is at an apogee, but the Beijing government\u2019s drive to control capital flight could hinder such\u00a0demand, according\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/royal-phuket-marina-is-on-the-market\/","url_meta":{"origin":26588,"position":3},"title":"Royal Phuket Marina is on the market","date":"July 7, 2016","format":false,"excerpt":"\r A rare opportunity for developers Royal Phuket Marina Royal Phuket Marina, one of Asia\u2019s leading yachting facilities, has been put on the market, it has been announced today. The marina, which was developed in 2005 by entrepreneur Gulu Lalvani includes 110 wet berths and a hardstand for 40 boats.\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/take-5-one-on-one-with-entrepreneur-gulu-lalvani\/","url_meta":{"origin":26588,"position":4},"title":"Take 5: One-on-one with entrepreneur Gulu Lalvani","date":"May 5, 2016","format":false,"excerpt":"\r The yacht-loving\u00a0businessman\u00a0shares how he fell in love with Phuket \u2013 and why he\u2019s invested so much on the island Gulu Lalvani at Royal Phuket Marina British India-born Gulu Lalvani, 77, previously made a name for himself as a founder of Binatone Electronics based in the United Kingdom, becoming one\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crackdown-on-airbnb-style-holiday-rentals-in-phuket\/","url_meta":{"origin":26588,"position":5},"title":"Crackdown on Airbnb style holiday rentals in Phuket","date":"July 5, 2016","format":false,"excerpt":"\r Short term holiday rentals not only raise safety concerns and pose a nuisance for neighbors, they also fall foul of the law Many of Phuket\u2019s luxury hotels are being usurped by illegal hotel style rentals at luxury condos. Image credit: Roderick Eime (Flickr) Cape Panwa Hotel Short term \u201choliday\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26588"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26588"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26588\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}