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Hong Kong launch for Thailand’s luxury residence in Samui

A total of 32 residential pool villas will form part of the new Conrad Koh Samui which will open in late 2010. Prices start at THB43.8 million for two-bedroom pool villas and THB88 million for three-bedroom pool villas.

Daniel Lorenzzo

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conrad villa

A total of 32 residential pool villas will form part of the new Conrad Koh Samui which will open in late 2010. Prices start at THB43.8 million for two-bedroom pool villas and THB88 million for three-bedroom pool villas.

More here:
Hong Kong launch for Thailand’s latest branded residence.

Thailand Real Estate

Although the Thai real estate industry has continued growing significantly since 2008, we have not seen a real estate bubble environment manifesting. The industry seems to have learned its lessons during the 1997 financial crisis and has successfully implemented the following safeguards: The banking industry has become much more cautious providing project financing and mortgage loans.
Being a developing country, the cost of property in Thailand is much lower than in the more developed European markets. But, on the other hand, prices for Thai property, in general, are rising at a much faster rate.

Real estate developers in 2009 are more cautious and many have professionalized their operations

conrad villa

The development boasts 32 private residences and are located on a hillside on the south west tip of the island, approximately 45 minutes from the airport. They offer spectacular views of the island’s idyllic archipelago and access to a private beach

Falling consumer confidence : The slowing global economy together with unstable local political and economic environments will result in falling consumer sentiment and confidence in Thailand. Consumers will delay home purchases because they will be unsure of current and future incomes – directly affecting real estate demand. The general public will also begin losing confidence in the financial sectors, although not as severely as in foreign countries. The 2008 global financial crisis has directly and indirectly impacted the Thai Real Estate Market . As Global Financial Crisis a result, it has also adversely affect the real estate market even though the industry has strengthened immensely since the 1997 financial crisis. The crisis – caused disposable – income decreases will result in falling consumer sentiment and confidence and the postponement of any purchasing decisions on the Thai Real Estate Market . Although the overall environment may be negative for many housing developers, those with good reputations, strong balance sheets and operating efficiencies may use the opportunity to gain market share.

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