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21/05/2010 - Property development and sales continue in Phuket despite political unrest  21/05/2010 - Property development and sales continue in Phuket despite political unrest

21/05/2010 - Property development and sales continue in Phuket despite political unrest

Property and hotel development on the tropical island of Phuket, Thailand is continuing apace despite the recent political unrest in Bangkok.

This month has seen the launch of two new property developments, one of which is already 50% sold, the other a five star ocean front development in Phang Nga is likely to sell quickly given it's unique location.

Twin Sands Resort and Spa on Tri Trang Beach, Patong, has not had an official launch, that's because the developer, Darren Judges has already sold 22 of the 45 unit development before it has even been offered to the mainstream market.   I asked him why he thought he'd had such early success; "Stock of prime units in Phuket is running out, we've seen nothing new launched in the last twelve months which has a good ocean view and is within a minute's walk to the beach.  Those people who are in a position to buy are struggling to find a product which fits their lifestyle and their pocket."

It's fair to say that ocean view apartments are in very short supply and with the new environmental restrictions coming into place during the latter half of this year, these type of developments are likely to become even harder to find.

Darren went on to say, "'A key market for us is Hong Kong and with the stock market flattening, bank interest rates at a low level, many Hong Kongers and expatriates are looking to overseas property to boost their investment portfolios."

Twin Sands Resort and Spa will have an official launch in Hong Kong on 5th and 6th June at the SMART Expo being held in the Hong Kong Conference and Exhibition Centre.  The event will be organised by Ocean Villas Group and pre-launch prices will be available - contact them at info@oceanvillasgroup.com for more details.

The other new development announced this month is a 79 villa luxury resort located on Natai Beach, just over the Sarasin Bridge in Phang Nga.  The property is being developed by Swiss private equity and real estate company Thunderbird Investment Ltd.

The project is located on an ocean front site, a little over 19 Rai (30,400m2) and close to the successful Aleenta Resort and other upmarket homes such as that of California Gym founder, Eric Levine's 'Villa Beyond'.

This will be the companies first venture into the Asian market and it will be followed by developments in Vietnam, Laos and Bali.  Work is expected to commence within this year and management will be by the emerging Kameha brand, who have their headquarters in Frankfurt. 

For details of the official Twin Sands launch and the opportunity to buy now at pre-launch prices contact info@oceanvillasgroup.com







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