German firm keen on Thailand: First sales office to be opened in Phuket

14 November 2005

Engel & Volkers, a premium German real estate company, will enter Thailand with the opening of its first office in Phuket this week and a goal to open 30 more in the country over the next five years.

Martin Phillips, managing director of Engel & Volkers (Thailand) Ltd, said the company would focus on premium residential properties in both primary and secondary markets with overseas buyers as the main customers initially.

From its office on the Kamala high street, Engel & Volkers will offer new beachfront and hillside residential units with prices from US$500,000 to $2.5 million and old villas priced above $2 million each.

Source: AccessMyLibrary