Leading yachting destination Royal Phuket Marina has been voted ‘Asia’s Best Waterfront Development by the 2010 Cityscape Real Estate Awards in Singapore. Both the Aquaminium condo project and the Luxury Waterfront Villas saw good strong sales interest the first quarter of the year and continue to see sales momentum. Speaking to Gulu Lalvani recently on a trip to Singapore next in the planning stages is a 220 unit hotel managed condo project that looks to come into the market by the start of the next high season. Source : thephuketinsider.com
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Royal Phuket Marina Voted Asia’s Best Waterfront Development
But if the government invests in mass transit routes, adding one or two new lines in the future, new residential and commercial areas will be created. Property tax incentives implemented by the government of Thailand to stimulate the sluggish market expired on May 30 as it was no longer a need for the tax breaks as the economy was recovering, the property sector had grown by 10% over the past year, and developers’ margins were improving. Governments have used tax incentives to stimulate the property market during most economic slumps since the 1997 Asian financial crisis.
