A new 555-unit hotel managed residence project named Phuket Waterworld is now offering apartments for sale.
Located ‘off beach’, near to Casuarina Shores and the Outrigger Laguna Beach Resort the project is being developed by the New Nordic Group.
Phase one units range for studios from 26 square meters, one bedroom apartments and two bedrooms up to 104 square meters.
Pricing goes from THB3.2 up to 15 million.
The developer is offering 10% guaranteed returns for 10 years, or if a leasehold option extending to fifteen years.
Phuket is continuing to see a surge of new hotel residence investment oriented projects.
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Kamala Phuket’s emerging destination resort MontAzure won 5 awards at the recently concluded Thailand Property Awards 2017.
MontAzure claimed the prestigious award for Best Mixed Use Development, as well as receiving the Special Recognition in Sustainable Development award, and also being highly commended in the Best Universal Design Development category.
While the list was rounded out in the Best Condo Development Phuket set and Best Low Rise Architectural Design for resorts.
For more on the Thailand Property Awards CLICK
Details of a Senior Living project in Kamala’s MontAzure integrated development have been unveiled.
The project will include 200 lifestyle condominiums and 30 villas with a value of THB3.5 billion.
An overseas retirement community group Audley from the UK has been paired with Thai-based Otium Living who will be the operator.
Partners in the joint venture development include some very significant Thai property groups including L.P.N Development PLC, Nye Estate and Chewathai PLc.
Kamala Senior Living is the first large-scale institutional backed aged living development in the country and is likely to set off a new series of upscale retirement real estate projects.
Luxury hotel brand Banyan Tree and Thai property developer Nirvana Daii Plc have unveiled a branded upscale residence project on Bangkok’s Chao Phraya River.
The project is set on a 5 rai plot of land and is located near to the upcoming ICON Siam project which features residences by Mandarin Oriental.
While across the river the Four Seasons Hotel and Residences is rising along with a Capella managed luxury hotel.
Another nearby development is TCC’s next phase at Asiatique that will reportedly have leading hotel brand and residential offering.
Still on the river, expect another top end hotel and branded residences project to be announced shortly.
Banyan Tree is continuing to tap into the real estate segment with their brand with a Brisbane Australia project currently in the market.
Well-known longtime Phuket real estate lawyer Matthew McEvily passed away in the United States on June 20th.
He was 59 years old.
McEvily was actively involved in the real estate sector in Phuket, Bangkok and Samui.
For a number of years he was a a partner in McEvily & Collins law firm, and later on his own under McEvily and Associates.
A new senior living development has been announced in Phuket, within the MontAzure integrated resort project in Kamala.
Onboard is a joint venture consortium of notable Thai groups Nye Estate Co., Ltd., LPN Development Plc., CH Karnchang Plc and Chewathai Public Company Ltd.
The project cost is estimated at THB3.5 billion and the focus is in creating an international retirement community with a noted experienced operator.
MontAzure in Kamala is rapidly developing their footprint with Twinpalms Residences, a branded Intercontinental resort, and Café del Mar are all works in progress.
Well-known US property brokerage Coldwell Banker now has brand representation in Phuket.
Heading up the office is Norbert Witthinrich who has operated on the island for a number of years in the real estate sector.
The office is located on the ground floor of the Zcape condominium in Cherngtalay.
Coldwell Banker are a leading global franchise-based property group.
A planned 3,000 unit condo hotel in Bali is creating waves with local residents on the Island of the Gods.
According to Nusa Bali local government officials are closely examining the project, as the resort island grapples with a rapidly urbanizing landscape.
The site is located in Sawangan, next to the luxury St. Regis hotel and near to the tourism enclave of Nusa Dua.
Chinese real estate conglomerate Country Garden Group has paired up with an Indonesian property owner PT Surya Gardenia Propertindo for the project.
Country Garden has been pushing beyond their home back in Guangdong Province with massive developments in Australia and Malaysia.
According to sources the group is currently preparing a push in Thailand, which is strategic given their large base of buyers on the Mainland who are the country’s largest overseas tourism market.
Press reports have stated that hospitality group MGM will brand the condo hotel.
Country Group’s large-scale Malaysian development in Johor state near to Singapore has been in the news recently given issues with Mainland Chinese buyers who are unable to take currency out of the country to Malaysia to make real estate installment payments.
A recent report in the Straits Times said that many property buyers were using UnionPay credit cards to make installments with developers but that the issuer was set to restrict this practice.
The clampdown on exporting currency has created a crunch in many international projects that cater to the Chinese segment and capital controls continue to squeeze investor’s appetite to invest abroad.
As for Bali’s reaction to the giant footprint of a mass-market condominium, expect the great debate on Asia’s surging tourism footprint to continue.
Listed Thai-firm Minor International has finalized three new major projects in Phuket.
First is the conglomeration of the current ultra luxury estate Avadina Hills with Minor becoming a 50% joint venture partner. A new project name will be Avadina Hills by Anantara and will consist of 16 luxury villas.
Kajima had been unable to sell the planned multi-million dollar Avadina Villas and the tie-up with Anantara who have experienced good sales pace in their Layan project is a strategic move.
The current clubhouse facility of Avadina will be leased to the Anantara Layan Phuket hotel.
Another project not with Kajima will be the expansion of the Anantara Vacation Club in Mai Khao on a greenfield site adjacent to the current facility, with 97 new upscale apartments and pool villas.
Lastly is the expansion of the Turtle Village retail areas with a new 3 story structure adding additional retail and office space.
