Bangkok--21 Jul--CB Richard Ellis CB Richard Ellis Thailand, the country’s leading international property services company, has launched the first ever issue of The Phuket Property Report, the latest quarterly subscription report by CBRE Research Services Thailand. This report is designed to bring professional analysis and transparency to the growing Phuket property market, which has generated some of the highest returns on projects in Thailand over the past few years. The Phuket Property Report provides detailed information and analysis from the company’s Phuket and overall Thailand databases, combined with market and property surveys and reliable secondary data from governmental agencies and private operators. The report provides in-depth detail of economic conditions affecting the Phuket property market, tourism activity, infrastructure development on the island, major land and investment transactions and individual studies on Phuket’s condominium, villa and hotel sectors. “After the success of our Bangkok Property Report, and given our position as a pioneer in the Phuket property market, we felt it was time to take the initiative to create a regular report that would serve to decrease some of the mystery and uncertainty surrounding Phuket’s property sector. The island has grown tremendously over the past few years, and it is now necessary for developers and buyers alike to become more informed about development and sales trends,” said David Simister, Chairman, CB Richard Ellis Thailand. In the first issue, the company analyses and reports on the Phuket market sector-by-sector, with details of supply, take-up, and pricing. This market is linked to continued growth in high-end tourism, and plans to upgrade Phuket International Airport have been announced recently, with capacity to be almost doubled by 2010. Tourist arrivals grew from 2.4 million in 2005 to 4.7 million in 2007, almost doubling over two years. Roughly 20% of foreign tourists to Thailand in 2007 visited Phuket. Infrastructural improvements have also helped to fuel demand for property. Phuket now has three existing marinas, with another three slated to be completed in the near future. The island’s six golf courses comprise 135 holes and include The Blue Canyon Country Club, the three-time host of the Johnnie Walker Classic. Also factors in buyers’ decisions to invest are the major retail facilities, multiple international schools and top-quality hospitals in Phuket. The company believes that subscribers will be surprised by some of the latest developments and trends in the Phuket property sector, including the number of off-plan villa and condominium projects that have already been sold out. In the hospitality sector, as many as ten luxury hotels (defined as those with ADRs of over THB 10,000) are expected to open by 2010-11, increasing the number of luxury hotel rooms by over 230%, from 340 currently to 1,145 at that time. The occupancy rate at selected upscale hotels in Phuket was 86% in Q1 2008, while average daily rates (ADR) increased 18% y-o-y. Concerns are whether 2009 performance can improve on that of 2008. Cape Sienna is an example of a high-end villa project where all units were sold during pre-launch The Phuket Property Report is available for subscription from CB Richard Ellis (Thailand) Co., Ltd. For more details, please emai to . For further information: Mr. David Simister Chairman — Thailand 662 654 1111 Ms. Ngamjai Jearrajarat Corporate Communications Manager 662 654 1111 Ext. 522