Recommended Investment opportunity; Outstanding value on the stunning Bangtao Beach, Phuket

We are pleased to say the property market in Phuket has still been very buoyant following the elections in December last year.

Our customers are seeing the value in owning a "serviced property" in Phuket allowing them the opportunity to use the property as much as they like with the FLEXIBLE RENTAL PROGRAM and then place their property straight in to the rental pool the following day to start generating them an income irrespective of whether their property is actually being let.

TOURISM GROWTH BODES WELL FOR OWNERS INCOME PROJECTIONS

The unofficial tourism growth rate in Phuket for this high season is estimated at a staggering 20% increase year on year which can only be good news for owners of investment property. CBRE stated in their Resort Markets Outlook, published in January of this year, that "Growth in tourism creates the market for resort real estate and increases in tourism bring in both more buyers and fuel demand which in turn creates price rises".

With arrivals in Phuket alone totalling 5.7m in 2007 and occupancy rates and accommodation prices continuing to rise, Ocean Palms owners will hopefully see the benefit of this when the project is completed in December 2009. In terms of hotel occupancy and arrivals, CBRE stated "Phuket has outperformed itself in terms of hotel occupancy and arrivals even in last year’s low season. From a highly seasonal tourist destination, worldwide appeal has transformed Phuket into a year-round destination, with a 70% average annual hotel occupancy. This high season is undoubtedly one of the busiest Phuket has seen. Phuket International Airport currently handles up to 287 international flights per week, while many hotels and airlines remain fully booked until March this year"

NEW GOVERNMENT INTRODUCES SIGNIFICANT TAX INCENTIVES TO PROMOTE PROPERTY TRANSACTIONS IN THAILAND

The newly elected government of Thailand has recently (March 4th) introduced a reduction in the fees associated with buying and selling property in Thailand. Transfer fees of 2% which would be paid by the purchaser have now been reduced to 0.01% giving a clear indication that the government is supporting the real estate market in Thailand. The reduction in transfer fees and other taxes payable to the government on real estate transactions makes Thailand one of the most attractive property destinations in Asia at the moment. The real estate market in Phuket is expecting that these government incentives will have a significant impact on property sales in Phuket this year from both local Thai's and international property investors.