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IBAP Business Week is back
Tuesday 12 April 2011, 02:02AM
The International Business Association of Phuket (IBAP) Business Fair is back again this year with a large selection of exhibitors, events and shows. Events Thailand is joining forces with IBAP to organise what’s shaping up to be the biggest domestic business fair on the island this year. The fair offers local businesses a unique opportunity to showcase their products and services to an estimated 4,000-plus visitors for its duration. Events Thailand co-managing director Jorge De La Torre said the concept of the fair was for residents and tourists to learn about Phuket through its businesses. “The aim is for people in Phuket to come and discover what else Phuket has to offer throughout its various niche businesses,” he said. Events Thailand co-managing director Simon Samaan added “I think everyone can see that Phuket has grown substantially over the last decade or so. This has also neutrally translated into new industries, new products, services and businesses on the island – and not just hospitality related businesses either.’’ “Visitors to the show will be there to primarily look for new products and services, meet new suppliers and learn about new industries and business opportunities in Phuket, thus offering exhibitors the opportunity to showcase and sell their products and services to a “real targeted audience”. The show will take place at The Homeworks Centre in Phuket Town on July 30-31. For exhibiting opportunities please contact Events Thailand on, or 076 612 550 or 089 725 6994.  
Phuket property market 'still in good shape'
Saturday 9 April 2011, 03:21AM
Data released by the Govern­ment last Thursday indicates that the property market in Phuket is still in good shape, especially compared with other provinces in the country.The figures, released by the Government Housing Bank’s Real Estate Information Center (REIC), indicate that houses priced from one to five million baht are in demand, and that many property developers are still focusing on the budget market and condominium units.During a seminar entitled, “Analysis of Phuket’s housing market situation”, held at the Royal Phuket City Hotel, REIC Director Samma Kitsin said that Phuket is still a very good place for real estate investment.He offered the following numbers from REIC research: In the third quarter of 2010 there were 16,800 properties for sale on Phuket’s housing market: 8,750 properties in housing estate projects, 4,350 condominiums, 950 villas, and 2,750 properties in various National Housing Authority (NHA) projects aimed at poor people.The combined value of the private housing estate and condominium projects was B55.2 billion.By the end of February 2011, less than half that amount – B22.7 billion – was still on the market. Of the 950 villas, 400 have already been sold.The NHA properties have been selling even faster, with only 430 of the 2,750 properties still on the market.Houses popular on the Phuket market are one and two-story single houses, semi-detached houses, and town­houses priced between B1 million and B5 million.Mr Samma said that accord­ing to REIC research, factors that influenced the sale of a property included the devel­oper’s experience, a project’s location, pricing and design, and the facilities included.However, Phuket Property Association President Tanan Tanpaiboon said that Phuket’s housing market has been slow­ing down since the beginning of 2011, especially the high-end market tailored towards foreign customers.Mr Tanan said the continu­ing strength of the baht was the main cause of a 20- to 30-per-cent decrease in foreign customers.He said that Russian invest­ment in property was the only market showing growth.However, Mr Tanan did point out that ultra-luxury vil­las marketed to the super-rich are still doing well because demand in this sector depends more on satisfaction than on the economic climate.He also said the market for budget housing was still doing well.“The semi-detached houses prices between one and two million baht are popular among Thai people, especially people moving to work in Phuket who are looking to buy rather than rent.”Mr Tanan added that prop­erty developers now are starting to expand projects in the north of the island, and that areas in Phang Nga province are the next target for development and investment.
Intercon Group appoints new CEO
Friday 25 March 2011, 03:36AM
More cars for Phuket
Friday 25 March 2011, 01:56AM
Competition in the car market is set to increase after Mitsubishi opened a new dealership and Chevrolet Phuket launched its Cruze at Central Phuket Festival, both on March 21. Mitsubishi’s new Phuket Piya is located at Sapam, and is the second dealership on the island for the Japanese car manufacturer. Phuket Piya’s Managing Director, Bunpot Rataree, said the initial goal of the second dealership was to provide support to the first dealer and their customers. “At the first stage we are not aiming for numbers of sales. We would like to be another new garage providing good services and good quality cars for customers,” Mr Bunpot said. Mitsubishi has invested about B25 million in the new dealership, and used the opening to launch their new Lancer EX. Also on Monday, VST Autosales, the Phuket dealer for Chevrolet, launched the new Chevrolet Cruze at Central Phuket Festival, accompanied by a performance by Thai pop group Girly Berry. VST Managing Director, Kriangsak Jarunonwiwat, said he hoped the new Cruze would be able to take market share from similar cars, such as Toyota’s Altis and Honda’s Civic. “Since we have moved the showroom and launched many new products, we are confident that Chevrolet sales this year will reach our target of 700 cars from all categories,” he said. The American car manufacturer is currently fifth in Phuket in terms of vehicle sales. According to statistics from the Phuket Provincial Transportation Office, more than 235,000 motorcycles and 106,000 cars were registered in Phuket as of March 18.