\nPhuket continues to be the premier destination for high-end investors<\/p>\n
Phuket is poised for some major changes with an ambitious mixed-use development that will stretch from beachfront to mountainside across the island\u2019s ritzy central west coast.
Phuket continues to be the premier destination for high-end investors Phuket is poised for some...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-16856","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4nS","jetpack-related-posts":[{"id":26588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phuket-residential-market-is-dominated-by-income-seekers\/","url_meta":{"origin":16856,"position":0},"title":"Phuket residential market is dominated by income seekers","date":"September 20, 2016","format":false,"excerpt":"\r Watch: exclusive insights from one of Asia\u2019s leading boutique investment firms \u2013 what makes Phuket desirable? Phuket\u2019s residential market experienced increased villa sales in Q2 2016, with five higher-end properties sold compared with just one in Q2 2015, according to CBRE\u2019s Phuket Residential MarketView Q2 2016. Smaller and cheaper\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/gdxNzt1WxAk\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":37442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/these-are-thailands-priciest-villas\/","url_meta":{"origin":16856,"position":1},"title":"These are Thailand\u2019s priciest villas","date":"December 8, 2016","format":false,"excerpt":"\r The hunt for income-producing properties may start here A show suite at MontAzure in Phuket A villa project within MontAzure, a mixed-use luxury development in Kamala Beach in Phuket, is set to launch next month. With the most expensive unit priced at THB700 million (USD19.7 million), the villas will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-with-the-new-why-buyers-are-eyeing-phukets-inland-opportunities\/","url_meta":{"origin":16856,"position":2},"title":"In with the new: why buyers are eyeing Phuket\u2019s inland opportunities","date":"February 12, 2016","format":false,"excerpt":"\r Investors are looking beyond beachfronts on Thailand\u2019s most popular island Thailand Road in old Phuket Town is in the midst of new residential and commercial developments It is easy to fall in love with Phuket. 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Image credit: Roderick Eime (Flickr) Cape Panwa Hotel Short term \u201choliday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/royal-phuket-marina-is-on-the-market\/","url_meta":{"origin":16856,"position":5},"title":"Royal Phuket Marina is on the market","date":"July 7, 2016","format":false,"excerpt":"\r A rare opportunity for developers Royal Phuket Marina Royal Phuket Marina, one of Asia\u2019s leading yachting facilities, has been put on the market, it has been announced today. 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\nOne of the outstanding developments on the island is MontAzure, which spans 73 hectares in Phuket\u2019s chic Kamala District and feature beach condominiums, plus an InterContinental resort.
\nA consortium of real estate and hotel investment groups, namely Thailand\u2019s Narai Group, China\u2019s Arch Capital Management, and Singapore\u2019s Philean Capital, will pour more than THB15 billion (USD494 million) into the project.
\nThe high-end MontAzure project comes at a time when entry-level condominiums have experienced brisker sales than villas on Phuket, according to a recent CBRE quarterly report.
\nMore: Asians in, Europeans out \u2013 the changing dynamics of Phuket\u2019s villa market
\nRebecca Shum, executive director of CBRE, noted that MontAzure sits on an \u201cabsolute beachfront location which is a rare find in the Phuket market today.\u201d
\nBy 2018, the area will be lined with 75 beachfront units, ranging from 753 sqft to 4,305 sqft, under the prestigious TwinPalms Residences MontAzure luxury brand. Residents will enjoy 99 metres of absolute beach frontage, plus such amenities as a private rooftop and pool, residents\u2019 lobby, beachfront restaurant and bar, gym, yoga studio, spa pavilions, and library, among others.
\nAs part of MontAzure\u2019s second phase, the InterContinental Phuket Resort will open next to the condo complex by 2019.
\nEventually, the project will scale the hills. Villas named The Estates at MontAzure, in addition to a retail space and a 32-hectare rainforest reserve, are reportedly in the offing.
\nPile-driving works for the TwinPalms units in the middle of this month, when the project will be showcased to investors in Hong Kong at a sales event on 18-19 June, from 11:00 to 19:00, at the Tian & Di Room of the Landmark Mandarin Oriental Hong Hong.
\nMore: Chinese investors flock to Phuket to hunt for real estate
\n\u201cIt is very rare to find beach condominiums in Phuket and we believe Hong Kong buyers will appreciate the location, the very high standards of the development and the holiday lifestyle that the destination provides,\u201d said Arch\u2019s CEO Richard Yue in a statement.
\nPreviously launched in Bangkok in the first half of 2016, MontAzure is located in the neighbourhood of famous Thai resorts as Andara and Amanpuri. The project is also located 35 minutes away from the Phuket airport, which will be increasing capacity to 12.5 million passengers once it completes expansion by the end of 2016.
\n\u201cFrom a macro-economic perspective, Phuket has all the right fundamentals in place for continued and sustained growth \u2013 the increase air lift capacity with the opening of the new airport terminal in June 2016, the announcement of the the private jet terminal, charter licenses for foreign registered super yachts,\u00a0six\u00a0marinas, 13 international schools, international hospitals, and continued improvements with public transportation and road infrastructure,\u201d MontAzure\u2019s managing director, Roland Bleszynski, told Property Report earlier this year.
\n\u201cOther than tourism, there has been a noticeable and steady increase in the local expatriate community,\u201d he added, citing the availability of facilities and infrastructure that support families (international schools and hospitals), Phuket\u2019s international airport becoming a regional transportation hub, and the low cost of living as some of the contributing factors.
\nRead next: Why buyers are eyeing Phuket\u2019s beachfront and inland opportunities
\n
\nSource : property-report.com
\nRead more…Beachfront condo on Phuket set to make waves at overseas launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"