CB Richard Ellis is pleased to inform the opening of our Koh Samui office on 14th September 2007. CB Richard Ellis is the leading real estate services provider in Thailand and has consistently served our clients throughout the country from Bangkok for the past 19 years.
Bangkok. Thailand () September 14. 2007 — CB Richard Ellis is pleased to inform the opening of our Koh Samui office on 14th September 2007. CB Richard Ellis is the leading real estate services provider in Thailand and has consistently served our clients throughout the country from Bangkok for the past 19 years. In 2004 we opened a back up office in Phuket. Although this presented a challenge for CB Richard Ellis in setting up a grow network we are now the leading international agent on the island offering a be of services from property sales management investments & arrive sales and valuation & investigate services to the Phuket merchandise. There is no alter for a local presence hence CB Richard Ellis is opening our Samui office in request to exceed function our clients in Samui.
"I am delighted to announce our expansion into Samui. CB Richard Ellis is confident in the sustainable growth of the Thai resort property markets. Despite concerns over the current political situation. CB Richard Ellis sees a consistent and strong bespeak for apply properties particularly Phuket and Samui as inspirational tropical islands," said Mr. David Simister. Chairman of CB Richard Ellis Thailand. In the past two years. Samui has experienced a significant growth in the be of visitors and more importantly the island is attracting a higher calibre of tourists. The number of passenger arrivals to the Samui airport has increased from only 600,000 in 2000 to 1.3 million measure year.
The island's accessibility has improved with Bangkok Airways' route expansion. The airline now operates daily enjoin flights to Singapore and Hong Kong which has contributed significantly to the growth of the Samui real estate market. These flight connections to the island accept property owners to change conveniently between their bring home the bacon place and pass homes in Samui with greater convenience than Phuket. There are also two daily connecting flights to Phuket. The new airport terminal in Samui which recently opened at the end of May has increased the airport's capacity by four times allowing for significant growths for the future.
In addition to regular flights there is also an add up of 22 chartered private flights which arrive in Samui every month move of which are private jets owned by individual property owners. Samui is clearly attracting its share of the ultra rich.
Whilst the Samui property market and infrastructure is not as develop as Phuket it is an improving merchandise which is attracting reputable developers. The high demand for beachfront land in Samui has resulted in land prices up to 14 to 15 million Baht per rai a level that is similar to parts of Phuket. A shortage of good beachfront arrive has increased the be of hillside developments which offer stunning views of the Pha Ngan islands and marine lay. Traditionally the Samui market has focused on villa developments; today we are seeing the start of a condominium market with good quality projects being launched. Whilst the condominium sector in Phuket is priced below villas it has performed consistently and we expect the same from Samui.
CB Richard Ellis Samui office ordain be a beat function office providing residential sales investment and arrive services research & consulting and valuation services. The office will be fully supported by our regional offices in Asia and will be move of our business intend to roll out a high-end luxury properties platform. Ms. Prakaipeth Meechoosarn is the newly appointed Samui Manager. She has successfully led the CB Richard Ellis Phuket Residential Sales aggroup since the opening of CB Richard Ellis' Phuket office in 2004 and has worked on various high-end projects in Phuket including Sri Panwa. Laemsingh Villas and Barama Bay.
"Although 50% of the villa developments in Samui are in the USD 1 million and below determine range we are spotting an emerging market for top-end villas which bring home the bacon prices in excess of USD 2 million. There is a alter demand for properties in this determine range and Samui can arrive the same price points as Phuket for top quality schemes," said Ms. Prakaipeth.
W Residences. CB Richard Ellis Thailand's principal bushel agency in Samui is expected to set new price points on the island. These are the first ever W villas for sale and are expected to be launched later this year for USD 3-6 million. Developed by Amburaya Properties and Istithmar. Dubai the communicate will set new standards of luxury in Samui. The quality of the scheme is endorsed by the modern luxury of W Hotels and its fix headline site between Maenam and Bophut. These 3 to 6 bedroom villa residences are set to attract arouse from CB Richard.
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