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Engel & Volkers opens first South East Asia office News Feed

The property shop, located in Kamala, Phuket, opened in November. Further branches in Phuket, Ko Samui, Hua Hin, Pattaya, Chiang Mai and other resort destinations are planned for early next year, says the company, adding that it will also award a very limited number of licenses to operate the property shop concept and system in Bangkok in early 2006.

“This is a unique opportunity and we plan to award some exclusive licenses to qualified and highly motivated individuals for some of the prime locations in Bangkok,” says Martin Phillips, managing director of Engel & Völkers (Thailand) Limited. Engel & Völkers currently operates around 170 offices worldwide with a new shop opening on average nearly every 10 days, says the company. In most parts of Europe and South Africa, the company is affiliated with Christie’s Great Estates. Phillips says the branch in Phuket will focus on the premium expatriate second home sector, which is gaining in popularity as more expatriates and retirees recognise the lifestyle benefits, excellent infrastructure and healthcare facilities that Thailand has to offer.

"We expect that the majority of interest will come from UK, German and Scandinavian buyers, interested in acquiring a holiday home in Phuket. These are markets into which we can provide a strong sales and marketing advantage,” says Phillips. The opening of the first operation in Singapore is anticipated for the early first quarter of 2006, Phillips says.

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