Find our most recent stories tagged by their locations. Click here for more story locations.
Posted: 23 Aug 2009 | 5:42 am
As the thephuketinsider.com is in the Philippines it's interesting to view trading comparisons in the residential condo market. According to industry analysts there are over 100 new projects currently in the pipeline. Leading property firm Colliers is reporting that the residential market is showing signs of recovery with notable increases in volume in Q2 of this year. Market estimates are at the beginning of this year there were 60,000-80,000 condominium units in Manila.
Other key trends commented on have been the growth of the secondary resale market, which is displacing new unit sale and an active rental segment with the country experiencing a positive economic uplift. Absorption rates are expected to be under fire with the new round of product launches and the question of discounting remains widely speculated on. As for the moment though the real estate sector is riding high on a positive trading environment and feel good atmosphere of purchaser and investors.
Perhaps a key in this market that separates comparisons to Phuket is that strong domestic demand is present along with relatively good liquidity in the buyer's pools. Whereas our island relies strongly on overseas buyers for resort grade property, breaking into the Thai domestic market remains an elusive objective yet to be widely tapped into.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
CENTEL 33.00 - 0.75 %
DTC 56.50 - 1.00 %
ERW 4.04 + 0.02 %
GRAND 1.10 0.00 %
LRH 28.75 + 0.50 %
MANRIN 25.00 - 0.50 %
MINT 24.20 + 0.10 %
ROH 27.00 - 2.75 %
SHANG 47.50 - 1.00 %
Library of published hospitality, tourism and property market intelligence.
Get Off The Beaten Track - Soma Journeys
PHUKET GAZETTEMerry in the Maldives
PROPERTY REPORT SOUTH EAST ASIAThe Great Toast Crisis