Laguna Phuket has unveiled plans for a new venue capable of hosting a wide variety of meetings and incentive programmes, conferences, gala dinners and other events in a spectacular tropical waterside setting. The new venue known as Latitude will feature a 1,000m2 marquee style structure which will be fully air-conditioned, and capable of accomodating up to 1000 guests in theatre style seating, 800 for cocktails and 600 for a banquet
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Laguna Phuket unveils New MICE Venue
Thailand Real Estate Outlook
The completion of the Suvarnabhumi-Phuket International Airport has spurred growth in commercial property markets in eastern Phuket as well as in the beach resort of Pattaya. Thailand has become even more accessible by air with a wide range if International carriers using Phuket as a hub. In recent years, there has also been a surge in budge carriers, offering very competitive prices to both local and international destinations.
Real estate developers in 2010 are more cautious and many have professionalized their operations
Thailand’s property market was able to rebound from past crises and there is every reason to believe it will be able to absorb the blow of recent political tensions. The taxation situation has actually improved the conditions for purchasing property in Thailand, and if property prices do dip slightly as a result of the current situation it may actually be a good time to buy as there is a very real possibility Thailand property will regain its golden outlook soon. As a result, the financial condition of most major housing developers in Thailand is much more robust than in the past. The development of the local bond markets and increasing domestic savings has the made the industry much less dependent on foreign funds, a significant difference from 1997.
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Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
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