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

[webfact]

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

 

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[tomazbodner]

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?

[Celsius]

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

[hotchilli]

2 hours ago, tomazbodner said:

What comes after boom?

Looking at the op Photo possibly floods?