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Phuket Propery Business is Recovering

June 5th, 2010 · 1 Comment · Business and Economy

Phuket was not suffering for negative impact by the recent political unrest in Bangkok. In the short therm it tourism industry was even benefited by the flood of visitors avoiding Bangkok for safety reasons. However in the long run the whole country was affected, and Phuket was not in exception. Now the tourism industry and real estate sector in Phuket are slowly but surely recovering.

As the rainy season starts, Phuket is indeed facing its low season. But this time the situation could be even worse, as the low season is taking place under the shadow of political turmoil that turned into violent clash which severly affect demand for all destinations throughout the country. If then the situation remains negativelay affected, being 70% of economy powered by tourism industry, Phuket will run into trouble.

However playes of tourism and real estate in Phuket remain in optimism. Cyrille Hareux of Vauban, a real estate agency based in Bangkok, believed that Thailand – Phuket in particular – is well prepared for challenges, and the situation will get bounced back. “We have seen Phuket’s ability to counter economic downturn when it swiftly bounced back after the tsunami, in fact the longer the crisis to more it stacks up the fuel for even stronger bounce”, he said as reported by Thailand Business News.

The key factors fuelling up the optimism is the fact that with the uniqueness it has to offer, Phuket has proven to be able to promote itself, separated from Thailand. “You can compared to similar situation when Bali was isolated from bombings in Jakarta and Cebu separated itself from the troubles in Manila”, said Bill Bernett from C9 Hotelworks, Phuket based hotel management consultant. Many evidence support the confidence on Phuket’s indepencence from Thailand, including separated marketing strategy, and growing number of direct international flights.

“Property investors find Phuket’s independence from the country as a verry attractive factor”, Cyrille said. “Owners from Singapore, Hong Kong, or any other parts of the globe do not newd to transit in Bangkok to reach Phuket.  Another factor is political reasons as historically the conflict between the rend and the yellow shirts has no relevance in Phuket”, he added.

Cyrille believes that up market properties on Phuket coastline remain atrractive to foreign investors and therefore he is planning to take them to SMART Expo in Hong Kong. Among those which he believes to attract a lot of interests is Baan Yamu, a low density development on the East coast. Recently won International Property Awards’ Best Architecture Award, Baan Yamu will be driven to attract both investment and lifestyle buyers. In addition to all these Phuket ocean front villas, direct flight between Hong Kong and Phuket is another advantage.

Other than private villas, Baan Yamu also offers apartments and penthouses. More than just accommodation, those buying in properties like Baan Yamu get access to long array of leisure and lifestyle facilities like malls, marinas, golf courses, even international schools right on their doorsteps.

“Current situation is just a little shock, well informed holiday makers and buyers will soon back to Phuket because they know the peacefulness of the island which offers both unique natural beauties and sophisticated facilities”, he assured.

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