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Follow on Google News | Image is everything in Phuket developments..Image is everything Momentum is the key for launching new developments in Phuket Real Estate.
By: Mark Lightfoot - Zest Real Estate Phuket I will by-pass repeating “allegedly” The formula for developers is simple; 1. Momentum and progression (ideally visually); Buying Off plan is all about confidence, if a project has been underway for 6 months with nothing to show to the prospective buyer it doesn’t scream “BUY ME”. Additionally, existing owners need to see their investment flourish, with each visit their money tree of bricks and mortar needs to grow steadily. 2. Stick to what you promised; You wouldn’t accept a steak if you ordered lobster, they may both be similar in standard and price point but it’s not what was promised and it was not ordered……you get the point. 3. Show units; Whilst we need to appreciate that buying off plan is cheaper and therefore the potential for profit is greater, the need for buyers to SEE and TOUCH a show unit is vital to the sale of the development and the long term prospects. 4. Complete project; Need I say more? Developers need to understand that these are second home investments, they are not a necessity, they are a luxury. Once buyers get a sniff of a bad investment it makes it twice as hard for the developer to sell. Inevitably, to every stalled development there are a hundred success stories. This is especially apparent in the Phuket market which continues to experience high success of re-sale for off plan developments. The Phuket real estate success stories are numerous with the most notable being Andara. Andara off plan villa prices were set between $2-3 million, re-sales have recently sold for $6-7 million. As mentioned in previous Blog’s, think carefully about your investment in Thailand and seek our advice before making a purchase. # # # Zest Real Estate, a dynamic, fresh look into Phuket properties. A home for life or purely investment, Zest will find your perfect property. End
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