Fractional Ownership News

Fractionals established on Thai island

The Thai island of Koh Samui has seen the launch of at least two fractional ownership real estate developments against a background of rising tourist traffic.

Bill Barnett, managing director of consultant C9 Hotelworks, said the Beach Republic project (pictured) is offering fractional ownership by capitalising in on its name as an entertainment venue.

"It's a beach club in Lamai but they have also gone and opened a resort, and with it they are doing fractional sales. People like the brand, they like the concept, they feel at home and they are buying into it."

Ownership at Beach Republic starts from US$20,000.

Fractional ownership is also taking hold elsewhere on the island, for example at X2 Resort. Barnett said there is a good spread of people buying property and trying fractional ownership in Samui and they comprise both long- and short-haul travellers.

A recent controversy over oil exploration off the coast of Koh Samui does not seem to have had an adverse effect on tourism. The number of visitors increased by 19% in the first half of 2010 compared with last year. "Certainly people are coming from Malaysia, people are coming from Indonesia – we are seeing a sharp increase in regional travellers over the past two years so that is a strong fundamental," said Barnett.

www.beach republic.com
www.x2residences.com

30/08/10
 

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Your comments

David Smith - 11/10/2010 08:47:48
Indeed we have very recently set up what we believe to be a quite superb Vacation Ownership Club of our own at X2 Resorts and Residences. These periods are on sale with absolute Freehold Title Ownership.

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