{"id":37442,"date":"2016-12-08T17:06:09","date_gmt":"2016-12-08T10:06:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/these-are-thailands-priciest-villas\/"},"modified":"2016-12-08T17:23:07","modified_gmt":"2016-12-08T10:23:07","slug":"these-are-thailands-priciest-villas","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/these-are-thailands-priciest-villas\/","title":{"rendered":"These are Thailand\u2019s priciest villas"},"content":{"rendered":"


\nThe hunt for income-producing properties may start here
\nA show suite at MontAzure in Phuket
\nA villa project within MontAzure, a mixed-use luxury development in Kamala Beach in Phuket, is set to launch next month.
\nWith the most expensive unit priced at THB700 million (USD19.7 million), the villas will be the priciest yet in Thailand, eclipsing the THB380-million (USD10.7 million) tag for a villa project that will be launched by property developer Charn Issara Plc in 2017.
\nDeveloped by Kamala Beach Resort & Hotel Management Co, MontAzure\u2019s villas will be spread on 75 rai in the hills of Phuket. The project has a total sales value of THB4 billion (USD112 million).
\nMore: Phuket market still relatively stagnant
\nThe priciest villa has a total usable area of 4,500 square metres, with a lot size of 6.5 rai.
\n\u201cFor us, the Philippines, China and Thailand are the most attractive countries for investment due to urbanisation and demographics,\u201d Richard Yue, CEO of boutique investment firm Arch Capital Hong Kong, which is the lead corporate investor in MontAzure, told Bangkok Post. \u201cThe populations are dominated by a growing number of middle-aged people who have strong consumption and spending.\u201d
\nPhuket villa sales\u00a0increased in the second quarter of the year from the same period in 2015, according to CBRE.
\n\u201cThe biggest change this year has been that purchasers are looking for income producing properties,\u201d said James Pitchon, executive director at CBRE Thailand. \u201cThere\u2019s a split market right now, there have been a couple of sales at the super-luxury end, but the majority are at the much lower end. There is a definite focus on income purchases and overall the volume of sales is very low.\u201d
\nWatch an interview with Richard here:<\/p>\n

Read next: Phuket Town is easily one of Thailand\u2019s most endearing enclaves
\n
\nSource : property-report.com
\nRead more…These are Thailand\u2019s priciest villas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The hunt for income-producing properties may start here A show suite at MontAzure in Phuket...<\/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-37442","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\/p75ss1-9JU","jetpack-related-posts":[{"id":16856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beachfront-condo-on-phuket-set-to-make-waves-at-overseas-launch\/","url_meta":{"origin":37442,"position":0},"title":"Beachfront condo on Phuket set to make waves at overseas launch","date":"June 17, 2016","format":false,"excerpt":"\r Phuket continues to be the premier destination for high-end investors 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. 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