Latest Phuket Property News

16/10/2008 - Trump to invest in Thailand.

The American property billionaire Donald Trump will join in the investment and development of a new luxury retail plaza in Bangkok.

Trump is currently in negotiations with Gaysorn Group who plan to develop a shopping mall together with 178 serviced apartments and thirty high end residencial units.

The new project at the Ratchaprasong intersection, Bangkok's prime retail site, is intended to compete with two direct rivals nearby, CentralWorld and Siam Paragon and has a projected completion date of 2010.

A spokesman for the Trump organisation said &quotWe are exploring development opportunities. 'We believe that Asia provides strong opportunities for growth in the future.'

The portfolio of the Trump Organisation, renowned as an international developer of deluxe properties, includes office buildings, hotels, condominiums, casinos, golf courses and country clubs, mainly in major cities in the US.

In July 2008, Mr Trump's eldest son Donald Trump Jr told the Dubai-based daily English-language newspaper Gulf News that  'the Middle East and Asia will provide opportunities for growth in future'.

Gaysorn also plans to develop twenty luxury villas for sale at Cape Paradise on Patong Beach in Phuket.  A show unit will be completed by the end of this year and villas will be priced at around 100,000,000 Baht (2,174,000 Euros).

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