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Phuket Property market shows healthy demand

Tourists coming to Phuket are more in favor of high-end residences such as the Malaiwana Luxury Villas at Naithon Beach. In a press release by Knight Frank, it was reported that Phuket has continued to be a global attraction for holiday makers as well as for those renting private villas instead of staying in hotels. Last year villas and condominiums on Phuket witnessed an improvement in rental demand during the high-season. Now lessees are coming from a greater variety of countries, with Hong Kong and Singapore’s expatriates plus Russians, Koreans, and Indians coming in beside Europeans as key markets investors.

Daniel Lorenzzo

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Laguna Phuket

In a press release by Knight Frank, it was reported that Phuket has continued to be a global attraction for holiday makers as well as for those renting private villas instead of staying in hotels. Last year villas and condominiums on Phuket witnessed an improvement in rental demand during the high-season. Now lessees are coming from a greater variety of countries, with Hong Kong and Singapore’s expatriates plus Russians, Koreans, and Indians coming in beside Europeans as key markets investors.

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Thailand Property – Phuket rental market shows healthy demand

Mr. Nattha said that the variety of buyers this year are found in Phuket, for instance Asians and Russians. Russia is also threatening to overwhelm Europe as Phuket residential buyers. One reason for the dramatic increase in numbers is simple, the severe weather in the Euro-zone, notably Eastern Europe, has shaken up many people about the need to relocate to safer, better homes.  The busiest time is between October to April when the weather in Europe is really cold.

Another reason is that it’s never been easier for the international tourists to get to Phuket. There are many charter airlines now run direct flights between many big and small cities in various parts of the world to Phuket. Previously, Russians were visiting places like Turkey and Egypt, but due to the political unrest in those areas, and the cost being the same, they have turned to come to Phuket. However, there are two main classes of tourist which are the lower middle class and ultra-wealthy tourist. Phuket is abuzz with talk of these new buyers.

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Covid-19 puts flexible space markets under strain

In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

Daniel Lorenzzo

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The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.

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How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

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Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

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Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

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Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

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