bkkphuket Posted January 7, 2011 Share Posted January 7, 2011 Hi All, After almost 4 years in BKK, I'm thinking about getting a weekend place in Phuket for a combination of reasons (business, holidays, easy access to Singapore/Hong Kong, etc). I'm based in BKK but do business and visit clients all over Asia, as much as I love the city, spending some time on an island seems a great idea (I currently do that 3-4 times a year). Over the holidays season I stayed in Bangtao beach, which I find a nice area, and was tempted to buy one of the little studios that are being developed by the Regent. I would have the place as a weekend get away, and also a base in between international trips. I'm guessing the place will be used for ~40 nights a year. My question is for the locals if they see potential in a medium term investment for the studio. The off the plant price is 4mi thb (up to 10+ for bigger apartments), the location seems to be superb (5-10min walk from Laguna complex, beach, tesco, new shopping mall being developed etc) which strikes me the quesiton that Bangtao, being a bit quieter than Patong, close to the airport, etc, is an area that is still undervalued? A friend of mine bought a similar 1 bedroom apartment at The Regent Kamala back in 2008 and saw a 20% increase in its value to these days prices (not to mention the currency USD vs THB, assuming prices in THB only). Any input on this investment opportunity? I understand from an investment only perspective, it might not be great, but again, medium term, is the area going to get valued from the new developments coming? Thank you. Link to comment Share on other sites More sharing options...
grumpyoldman Posted January 7, 2011 Share Posted January 7, 2011 Where is Mr. Callen? Overall, that does seem like a good project, fairly good location. I'd be a little concerned regarding the fees, and what happens to your title if the whole complex gets sold. Link to comment Share on other sites More sharing options...
BangTaoBoy Posted January 7, 2011 Share Posted January 7, 2011 Fantastic area, but as far as buying as an investment goes, perhaps you should check out the other thread running at the minute, 'Cost of housing in Phuket', I think you'd be much better off continuing as you are and just stopping in Hotels. Link to comment Share on other sites More sharing options...
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