News: Long lease Thailand most popular

Thu, 31 May 07

The most popular investments in Thailand are long-lease villas in the Krabi province, according to a leading property firm...

Robert Collins, managing director of the Thailand branch of Savills, said that prices in Krabi are around 50 per cent cheaper than in Phuket.

However, because Krabi is very popular and cheap, investors need to act now because this situation "won't last forever", he told the Bangkok Post.

Mr Collins also said that there are a number of five-star hotels in Krabi, which will probably sell off residential space.

''It's a very significant trend taking place across all resort markets in Thailand for new developments to be branded by five-star hotel groups."

Good service and management control

He told the newspaper that the trend for these kinds of developments will create a new pricing structure for projects branded by desirable hotel groups.

"While these hotel-linked residential developments are not necessarily better than those that are not, they do give the assurance of good service and management control," he added.

Located 814 km from Bangkok, Krabi has been described by Thailand tourist board as "one of most attractive destinations" in the southern part of the country.

It is home to two "world-class" beaches? Ao Nang and Hat Rai Le, which offer diving trips restaurants, shops and rock-climbing opportunities.

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