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Banyan Group launches first phase of Phuket’s largest residential development

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The first phase of Laguna Lakelands, Phuket’s largest residential development, has been unveiled. The Banyan Group project is valued around US$2 billion and covers 700 rai.

 

Ho Kwon Ping, Banyan Group’s founder, says post-pandemic tourism is driving Phuket’s booming real estate market.

 

“This current boom is the highest since I started doing business in Phuket over 30 years ago. It surpasses the robust recoveries following the 1997 Asian financial crisis and the 2008 global financial crisis.”

 

By Peter Roche

PHOTO: HipFlat

 

Full story: PhuketGO 2024-02-05

 

- 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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  • Popular Post
53 minutes ago, webfact said:

“This current boom is the highest since I started doing business in Phuket over 30 years ago. It surpasses the robust recoveries following the 1997 Asian financial crisis and the 2008 global financial crisis.”

What comes after boom?

  • Popular Post
1 minute ago, tomazbodner said:

What comes after boom?

 

Thai baht will devaluate shortly and the property will be worth the same in 10 years.... run down and decrepit, but probably

2 hours ago, tomazbodner said:

What comes after boom?

Looking at the op Photo possibly floods?

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