Of the 22 markets listed in a new property report targeting wealthy property buyers in Europe looking for a residence abroad, Phuket and Mauritius are the real deals at 3,000 euro a square meter. A used home in Monaco costs on average of 45,000 euro a square meter, or about $57,000, making the principality...
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Eric Levine of California Fitness is trying to sell his Oceanfront Estate at Natai Beach in Phang Nga again - reportedly for a cool 20 million dollars.
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Terrorism policy to be revamped: - Thailand is no longer the same in the perspective of international reinsurers, says CEO of ThaiRe; No more smiles: - Parts of Bangkok looked more like the next Afghanistan, according to Financial Times. Investors will return.; More Bangkok money pouring into local resorts in Phuket.
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The countdown has started for the official opening of Outrigger Laguna Phuket Resort and Villas. In 60 short days the project at Bang Tao in Phuket will be ready for guests - with some unbeatable rates until 1st of April 2010.
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Nearly half of all new hotel developments projects in Phuket are experiencing major delays. More than 4600 new rooms are expected to be added to Phuket in the next two years, according to Bill Barnett of C9 Hotelworks.
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The local real estate market has probably reached bottom. A large number of new projects are being launched around Phuket.
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Outrigger has signed its third management contract in Phuket - this time at Laguna Resorts. The American company continues its expansion in South East Asia despite the financial crisis.
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