Upcoming in the fourth quarter of this year will be the X2 Vibe Bangtao that is set to usher in a rush of new ‘off beach’ properties.
Within the same catchment area of Cherng Talay, C9 Hotelworks is tracking three new branded properties in the planning stage.
Moving away from the beach and onto lagoons is a trend, and Laguna Phuket are in early stages of a new branded hotel and residential offering in one of their peripheral land holding areas.
Expect news of another international chain coming in shortly.
Moving further inland to the town itself, land prices are now escalating on main highway properties from ten to fifteen million a rai.
While speculation over a mixed-use tourism attraction, retail and hotel project is pushing prices further.
Talking to local property developers the area is seeing strong demand from Russian and Chinese real estate buyers for midscale offerings.
For now, the island urban trend is changing its hotel and property sectors in a significant way.
– Bill Barnett, CEO, C9 Hotelworks