A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY www.thaiappraisal.org 1 www.thaiappraisal.org FIABCI’S PRINCIPAL MEMBER.

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A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND PROPERTY PRICES OF PHUKET AFTER TSUNAMI Dr.Sopon Pornchokchai, MRICS Chairman of the Conference, FIABCI 2006 Vice President, FIABCI Thailand President, Thai Appraisal Foundation

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 2

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 3  Found 1982: wholly ISO Certifiedd Land Prices in Phuket of A Typical Size of Land of 10 rai (1.6 ha or 3.95 acres) Price (mil.Baht/rai) : Before | Afterd d Tsunami July 2004 April | 3.3 a rai = 1,600 sq.m or 4, sq.f.

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 4

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 5 Luxury Resorts for Sale in Phuket 514 units launched in (94 units or 18%) launched after the tsunami514 units launched in (94 units or 18%) launched after the tsunami 253 units sold (49%), 22% sold prior to the tsunami, 10% sold after (Jan-April 2006) and 18%sold during May - December 2006)253 units sold (49%), 22% sold prior to the tsunami, 10% sold after (Jan-April 2006) and 18%sold during May - December 2006) An average price is US$ 463,207 making the total value of the development during was US$ (Baht billion)An average price is US$ 463,207 making the total value of the development during was US$ (Baht billion)

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 6 HILO, HAWAII 1960 VICTIM OF TSUNMI The buildings of downtown Hilo Town carry the legacy as the commerce center that sugar built. Despite tsunami, threats of lava flow, the end of the sugar industry and the resulting economic consequences these buildings remain. They are a lot like the people of Hilo, they are survivors who refuse to give in to forces of both natural and commercial. ( House prices in Hawaii increased for 21.33% in 2005 (

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 7

A Registered Non-Profit Organization No. BMA.1075 KNOWLEDGE IS NOT PRIVATE PROPERTY FIABCI’S PRINCIPAL MEMBER IN THAILAND 8

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