News by Phuket Andaman Villas

New Year is promising better future for tourism in Phuket, said Phuket Governer Tri Augkaradacha. “Foreign investors are gradually investing in Phuket especially those interested to hotels, resort and tourism sector in general,” said him.
“Foreign investors are usually buy existing property without any difficulties of managing documentation process,” said him. The thorny issue is land ownership. “We heard the issue of legal land title. Investors then are carefully checking land ownership documents before they are investing their money,” said Gov Tri. Department of Special Investigation (DSI) officers who came to Phuket last year tried to investigate this case, said him.

“DSI and Public Sector Anti-Corruption Commission (PACC) office had came to Phuket to inspect land deeds at Kamala Beach and Freedom Beach,” said Governor Tri. “They found more than 10 plots that has not legally issued. Those deeds will be revoked,” said him. This reformation should increase the coming of potential foreign investors, said him. Usually foreign investors are from Russia, Scandinavia or the Middle East.

They are investing Phuket in range of 150 until 200 million baht for a hotel property with 150 rooms or more. The properties then improved and sold to the other foreigners, said him. Current government noticed if Phuket is important to support economic sector of this island by receiving investment in several big projects. “Government has sent advisers from Prime Minister Office as well an economic advisory team to collect information about development projects in Phuket. One of them is Phuket International Convention and Exhibition Center. The other ones are light rail train project and Patong Tunnel project.

News by Phuket Gazette