Country: Thailand Region: Tri Trang Patong Phuket Status of resort: Majority Owned and managed by Realty Access
Welcome to the tropical Island of Phuket, your home away from home. Located on the luxurious hills of Phuket overlooking the amazing Patong beach, Jirana Patong provides guest with an unforgettable experience. The estate was designed and decorated by Thailand’s top Architect and Interior Designer supervised closely by the owner. The estate was first intended to be sold but because of its magnificence, it later became a residential hotel instead. Jirana Patong features nine exquisite units.
Each stylish unit comes with two to four bedrooms and a private pool with the beautiful view of the Andaman.
Strong economic growth has pushed the Thai price index (Phuket focus) for single detached houses up by 5.71% (3.74% inflation-adjusted) during the year to end-Q1 2014, after annual house price rises of 5.61% in Q4, 5.34% in Q3, and 6.17% in Q2 2013. Producing a year end increase by more than 21%.
Growth P.a.: 21% Realty Access Source: Bank of Thailand and The Department of Land, Ministry of Interior-Phuket.
Despite the politics, the Thai price index for single detached houses rose by 4.9% (4.11% inflation-adjusted) during the year to end-Q4 2014, after annual house price rises of 4.19% in Q3, 4.81% in Q2, and 5.71% in Q1 2014, according to the Bank of Thailand (BOT).The condominium index soared by 14% (13.18% inflation-adjusted), and is actually a more relevant index. Condominiums are what Bangkok people, including foreign homebuyers and expatriates, tend to live in. The longer-established detached houses index over-represents the rural population.
The price index for townhouses rose by 6.60% (5.82% inflation-adjusted), and the residential land price index surged by 6.36% (5.59% inflation-adjusted).
Strong economic growth has pushed the Thai price index (Phuket focus) for single detached houses up by 5.71% (3.74% inflation-adjusted) during the year to end-Q1 2014, after annual house price rises of 5.61% in Q4, 5.34% in Q3, and 6.17% in Q2 2013.
Producing a year end increase by more than 21%.
“Property prices in Thailand remain very attractive by international standards, for example at least four times cheaper than Singapore, said Apichart Chutrakul, Sansiri’s CEO and Co-founder.
With strong economic fundamentals, the market also offers good prospects for capital gains, with quality high-end and luxury projects in the best locations ensuring maximized capital appreciation in the long-term.”