PHUKET: The property market on Phuket had changed, the governor heard this week, both in product and buyers.
Gone were single homes - because of the high price of real estate, said the Deputy President of the Real Estate Association of Phuket, Montavee Hongyok.
Instead of homes valued at five million baht to 15 million baht Phuket was seeing developments of semi-detatched houses, condominiums or shophouses.
European property buyers had fallen away and Thais were replacing them, he told Governor Maitree Intrusud at a meeting in Phuket Provincial Hall.
The condos were mostly in the one million baht to two million baht range, from 60,000 baht to 90,000 baht per square metre, with large well-known brands dominating the market.
Car parking was the island's biggest problem associated with the present trend, he said.
''So many developers still rely on street parking,'' he said. ''We would urge local councils to insist on two car parking spots for any unit of 120 square metres.''
He added that it would be wise if the governor sought to end the need of developments of 80 units or above to apply for their environmental impact assessment through Bangkok.
''It usually taken a lot more time and often there are needless delays,'' Khun Montavee said.
Gone were single homes - because of the high price of real estate, said the Deputy President of the Real Estate Association of Phuket, Montavee Hongyok.
Instead of homes valued at five million baht to 15 million baht Phuket was seeing developments of semi-detatched houses, condominiums or shophouses.
European property buyers had fallen away and Thais were replacing them, he told Governor Maitree Intrusud at a meeting in Phuket Provincial Hall.
The condos were mostly in the one million baht to two million baht range, from 60,000 baht to 90,000 baht per square metre, with large well-known brands dominating the market.
Car parking was the island's biggest problem associated with the present trend, he said.
''So many developers still rely on street parking,'' he said. ''We would urge local councils to insist on two car parking spots for any unit of 120 square metres.''
He added that it would be wise if the governor sought to end the need of developments of 80 units or above to apply for their environmental impact assessment through Bangkok.
''It usually taken a lot more time and often there are needless delays,'' Khun Montavee said.
Isn't that the rule already? When you submit your application for a building permit, you need to show a parking place for every unit. TIT enforce the rules.
Posted by GiantFan on October 27, 2013 18:05