Tag: ThailandBusiness

Both expert investors and neophytes alike are taught that knowing their risk appetite is the very first step to success in the investment landscape. Question now is – how does one determine their own risk appetite? more

In our previous article, we discussed the importance of investments and some investments that one can make in preparation for their retirement. We also mentioned the mutual fund as one of the best vehicles for long-term investment for any retiree, or for anyone in general. more

An investor should make the most out of his investment, whatever it may be and wherever it may be. In some cases, investments made abroad can have better returns than ones made in your one’s home country for various reasons. more

Retirement has been a topic in this blog for sometime now. We all know how touchy this subject can be, but it’s also something that we have to tackle as it’s a very important milestone for everyone’s lives. more

The New Year is almost upon us. As businessmen, it’s time to sit back and think about what the New Year can bring about for our business. Of course, it’s against our training and instinct as entrepreneurs to just meditate without action. more

For starters, we’d like to congratulate you on your choice of choosing Thailand as the place in which you’ll be retiring to. The Kingdom is a very beautiful land, full of equally beautiful people, and plenty of opportunities for foreign expatriates like you! more

In the past, we have discussed that nominee shareholdership had become a widespread practice among foreign investors in Thailand.  more

It has been mentioned many times in this blog that acquiring a condominium unit in Thailand is the best method available to investors who are interested in getting a piece of real estate for themselves in the Kingdom. more

Phuket has always been the Kingdom’s most popular island. It’s already a known fact that tourists flock to the island in droves to enjoy the island’s various offerings. However, it’s also know that the off-peak season is a time when business gets really slow in Phuket.

However, it appears that the ongoing sale of the high-end Royal Phuket Marina is defying established theories and learnings about doing business in any area in the slow season. That’s because, after announcing a Master Plan in July that calls on investors to put in money on the 200-rai high-end property, transactions are hitting a high despite them taking place in what is considered as slow season in the island province.

It was reported back in July that Mr. Gulu Lalvani, sole developer of the project since 2005, is looking to infuse a total of THB5 billion in investments to expand the Marina. The project has successfully established itself as a prime yachting destination, but Mr. Lalvani is now setting his sights on transforming the Marina into a “lifestyle destination” as reported back in 2015.

The Master Plan

The plan, which is dubbed by parties privy to the details as the “Master Plan,” seeks to add hotels and resorts and a beach club to the existing yachting facilities. In addition, Mr. Lalvani and his partners want to introduce a family-friendly resort project as well as a convention center for businesses into the vast real estate project.

When the sale was first reported in July, it was indicated that Mr. Lalvani is giving space for new investors to pitch in and provide the needed capital for the expansion. Investors seemed to have heard the call, and found the project satisfactory given the response to the sale.

What could be the reason for this investor interest in the project?

Royal Phuket Marina’s managing director, Michael Ayling, attributed the interest to the project’s prime location and its extensive amenities. These, he said, are factors behind the immense investor response to the announced sale of the Marina. Ayling even said that he expects a significant increase in the actual value of the Royal Phuket Marina once the sale concludes, and the planned expansion activities push through afterwards.

Ayling also revealed that their company has seen three re-sales of properties, and said that the expected increase in property value is directly responsible for that response.

The Royal Phuket Marina at a Glance

The Royal Phuket Marina began operating in 2005. At that time, Mr. Lalvani, who is now Chairman of the Marina, was the major investor. His efforts, together with his partners, have resulted to the development of the immense property and resulted to berths for over 110 vessels. The Marina also has a hardstand enough to accommodate 40 vessels.

The Royal Phuket Marina also has its share of accolades. In February this year, the Marina received the first ever “Luxury Yachting in Thailand” award.

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Photo from Gazette file of Phuket News

As an investor, you should always be looking out for number one. It doesn’t mean that you literally push yourself beyond your capability to get that number one spot. It means that you, as an entrepreneur, should always be looking out for the best interests of your business. more