Phuket in high season

Phuket in high season

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Phuket has well entered into a high season. Not only the beaches are packed, but there are a number of property developments that are driving the interest in the island, according Dexter Norville, a director at property consultancy JLL.

Montezure, the 450-rai development in Kamala, is a standout project not only because of its sheer size but its diversity ranging from the Twin Palms condominium project, luxury hillside villas and the aged living development which will be built in the next couple of years.

Coupled with the Intercontinental Hotel and the Cafe Del Mar, there is no surprise that the project is the talk of the town.

Heading south back towards Patong, construction of the third phase at award-winning development Twin Sands is expected to complete in May 2018.

Situated in Tri Trang and just opposite the luxury Rosewood Hotel, the new phase will have 89 apartments, a wellness centre, children’s club and a lagoon-style swimming pool.

Also read: Bangkok Luxury Residential Market Stable

Tri Trang has seen quite a bit of development in the past few years and offers investors the chance to own property close to Patong but just far enough away from lively nightlife to be able to relax and take in the breathtaking vistas.

Bluepoint is another project in Tri Trang which will finally complete in early 2018. The project was sold to new owners who have now brought the development forward and they hope to be transferring the first units in March or April.

Up and around the Laguna Area and Cherng talay, Casia has added a new phase which is another addition to the already impressive Laguna Phuket portfolio.

Diamond Condominium is another project in this area which is due to transfer its first units towards the middle of next year or slightly sooner.

This resort-style condominium development offers sensibly sized and priced units catering towards both foreign and local investors.

River House is a new development which will be offering 26 luxury villas in Cherng Talay. A Scandinavian development team is the driving force behind this venture and have their focus firmly set on investors looking for properties with more room than the average condominium in the area.

Well placed near to Boat Avenue and Laguna, it will be interesting to see the progress of this development.

“All in all, there seems to be a lot of interest and activity in the development and investment market of Phuket which really should not come as any surprise. After all, it is one of the world’s top destinations and also has one of the region’s most well-connected airports, making it easy to get to from just about anywhere,” says Mr Dexter.

Also read: Home loan battle backed by real demand, says central bank

“A few words of advice to any potential investor would be to seek advice from a quality service provider to ensure that you make the right purchase decision. You should also check that the property is going to be well managed as, after all, this should be a key point in any real estate investment situation as your investment needs to be looked after,” he adds.

Source: Bangkok Post

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