Phuket’s phenomenal rise: From tropical paradise to global hub

[webfact]

In the wake of a robust global economic resurgence, Phuket has emerged as a magnet for inbound migration, shaping a vibrant and eclectic international community in the heart of Asia, reveals C9 Hotelworks’ latest expansive investment dossier on Phuket’s economic landscape.

Managing Director of C9 Hotelworks Bill Barnett stated…

“With a tourism and property market in full throttle, we’re witnessing a swift transformation of the economy, branching into diverse sectors like international education, health and wellness, retail, and marine industries.”

 

The comprehensive report delves into crucial economic facets, encompassing tourism, hotels, real estate, key demand drivers, and infrastructure, offering insights into Phuket’s potential developmental shift.

 

by Mitch Connor

Photo courtesy of Coworker

 

Full story: The Thaiger 2023-12-19

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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[BritManToo]

They paved paradise and put up a parking lot  global hub!

[London Lowf]

In the wake of a robust global economic resurgence, Phuket has emerged as a magnet for inbound migration, shaping a vibrant and eclectic Russian community in the heart of Asia, reveals C9 Hotelworks’ latest expansive investment dossier on Phuket’s economic landscape.

 

FIFY

[Ben Zioner]

9 hours ago, webfact said:

The comprehensive report delves into crucial economic facets, encompassing tourism, hotels, real estate, key demand drivers, and infrastructure,

taxi mafias, Arabs, whores and landslides.

[stoner]

“We conclude that the island is entering a noteworthy new era of development that will create a platform for one of the region’s most desirable international destinations.”

 

ill take that bet. 

[Felt 35]

From tropical paradise yes it was 30+ years ago and I am grateful for over several years and having had the experience of living here. Today and sad to say it, but I don't understand what kind of interests a tourist can have who comes here.

Felt

[hotchilli]

18 hours ago, webfact said:

Phuket has emerged as a magnet for inbound migration, shaping a vibrant and eclectic international community in the heart of Asia, reveals C9 Hotelworks’ latest expansive investment dossier on Phuket’s economic landscape.

Russian front dodgers?

[stoner]

9 hours ago, Felt 35 said:

From tropical paradise yes it was 30+ years ago and I am grateful for over several years and having had the experience of living here. Today and sad to say it, but I don't understand what kind of interests a tourist can have who comes here.

Felt

 

but they are going to build a monorail. 

[Skipalongcassidy]

From "paradise" to "chithole"

[nobodysfriend]

Thailand is not using the right strategy to attract wealthy investors and holidaymakers .

It has the BIG advantage to be far away enough from all the mess in the world today , to be kind of a ' safe harbor ' for all the people from other countries who simply want to live a good life without being dragged into wars , street fighting , demonstrations , hatred etc ...

To make it attractive for the wealthy , laws and regulations need to change here .

Thailand is beautiful , many Thai people are not so bad ...

I am still happy here , found my piece of paradise away from people .

[mfd101]

14 minutes ago, nobodysfriend said:

Thailand is not using the right strategy to attract wealthy investors and holidaymakers .

A general cultural trait in Thailand: Unable to distinguish between quantity & quality.

[KhunLA]

Global hub ... 

 

... more like educational, learning tool what not to do.  

 

First visit for me, 1999, and the main road from the airport now, wasn't even finished, still a few small stretches just gravel, and hard surface not laid yet, or maybe just expanding it.  Patong was actually nice.  Thought Bangla rd was a bit of overkill back than   Though I was never a sextourist, so apparently extremely ignorant to the world of.  Live & learn 

[klauskunkel]

Quote

Phuket’s phenomenal rise: From tropical paradise to global hub

a global hub of what... globality?

[stoner]

2 hours ago, klauskunkel said:

a global hub of what... globality?

 

if you hub it they will come. 

[Mises]

Barnett is a shrill for the property sector

 

I have lived here near Layan for 14 years and currently they are destroying the place, traffic is already a nightmare and not only are they building villas on every spare bit of land but around 3,000 apartments at Layan.  Most villas are all over developed, a U around a pool then a wall, some with just 1 on road parking space, asking prices THB15 million up for something that costs less than THB5 million to build.  Hence the building frenzy.

 

The condos are selling to an extent (money laundering), all that money sent to Ukraine and other corruption has to go somewhere to be cleaned. but all these villas are all going to be ready at much the same time so I predict a big bust.

[London Lowf]

When I first came to Phuket the abandoned development at the southern end of Nai Yang was a bit of a nmovelty.

 

Then Covid came along and virtually every work-in-progress got mothballed and permanently abandoned - my regular ride along the west coast is now littered with them being reclaimed by nature. One notable exception was Laya Wanda Vista Resort which has been resurrected and now looks like it will be completed which surprised me as I thought that was Chinese money.

 

On my last visit I was very surprised to see that virtually the entire stretch between Siranat National Park and Banyan Tree is a construction site - obviously, so far the cash is flowing in but I agree with Mises above that the market will collapse in the not too distant future. I believe that this is all being funded by Russian money but eventually the Ukranian situation will be resolve and the world will open up again to them - some will be happy to stay, but many will go elsewhere.

 

Phuket is a bolt-hole at the moment and a great place for a holiday or retirement, but spending the rest of your life there with a family?