Jones Lang LaSalle manages the Palm Beach Club in Phuket.

Property management group Jones Lang LaSalle grew by over 20 per cent in Phuket last year, increasing the total number of estates it manages on the island to 17.

The Chicago-headquartered global company established its Phuket office three years ago. Jones Lang LaSalle aims to increase its number of managed estates in Phuket to over 20 this year and expects the number of staff to rise by 50% by the end of 2011. Estates managed by JLL in Phuket include  Kamala Beach Estate, The Cape, The Palm Beach Club, and The Bay Cliff Patong.

“Phuket has many beautiful estates ranging from villa developments to resort condominiums. Each of them is different and requires a multitude of management’s services. Making sure our can deliver the requirements for each client is of utmost importance,” said JLL Thailand head of estate management Dexter Norville.

The firm is also planning to open a management office this year in Pattaya, where continued growth in resorts and condominiums presents opportunities.

“As the trend of property owners and investor outsourcing to professional property management service providers continues, our portfolio of properties under management has seen a dramatic growth from 2.0 million sqm in 2007 to now 3.8 million sqm, making us the largest property management service provider in Thailand,” said Mrs Suphin Mechuchep, managing director of Jones Lang LaSalle Thailand.

See original here:

Thailand Condo – Jones Lang LaSalle expands in Phuket

Thailand Property Outlook

This points to the need for a better and more transparent system for issuing travel warnings. Countries are generally large, and it is rare when travel to every part of a country can be deemed unsafe. A civil disturbance in Toronto doesn’t affect travel to Vancouver any more than demonstrations in central Bangkok affect vacationers in Phuket.

Examples like these lead me to urge foreign embassies and the global media to think of their responsibility to prevent unnecessary panic towards their host nations and to see that an accurate picture is projected.

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.

The completion of the Suvarnabhumi-Bangkok International Airport has spurred growth in commercial property markets in eastern Bangkok 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 Bangkok 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.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Stock Exchange of Thailand welcomes property developer PEACE

PEACE is a real estate developer focusing on low-rise residential properties for sales, consisting of single-detached houses and townhomes, mainly in Greater Bangkok.

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively

Hotels Market Insights: Signs of reopening but domestic demand leading the way

Thailand also welcomed foreign tourists in November, but Omicron has pushed authorities to remain cautious and suspend the ‘Test & Go’ scheme.