Thailand Property News: Most expensive villas to rise in Phuket

December 12, 2016 Thailand

Property firm Kamala Beach Resort & Hotel Management Co. Ltd, a joint venture with investors from Thailand, Hong Kong and Singapore, is developing a Thailand property project comprised of 13 villas priced from US$10 million or 350 million baht.

Thailand-based Kamala Beach Resort & Hotel Management Co. Ltd, the former subsidiary of BTS Group Holdings Public Company Limited , is building the most expensive villas in Phuket.

Development of the most expensive Thailand property villas | Thailand Property | Yazhou PropertyStunning view of the Kamala Beach, Phuket

To be launched in January 2017, this Thailand property development is valued at 700 million baht, with 13 villas priced at $US10 million or 350 million baht.

The site of the villas is located on a 75-rai area, part of the 450-rai land of MontAzure. The latter is a mixed-use upscale development on Kamala beach which was bought by the BTS Group Holdings four years ago.

The most expensive villa of this Thailand property for sale will almost be twice the price of the two upcoming villas to be launched by Charn Issara Plc next year, which will be worth 380 million baht each.

The Bangkok real estate development will also house a number of luxury apartments

The joint venture is expected to help the Thailand property market as Chief Executive and Chief Investment Officer of the Hong Kong partner Arch Capital Management said that “Thai property has good value.”

Aside from the villas, this Thailand property development will also include a 2.2 billion baht beachfront condominium called Twinpalms Residences with units priced at 8 million to 93 million baht. Of the 75 units available, 41 had already been sold.

Intercontinental Hotel, an investment of Liptapanlop family-owned Proud Real Estate, is also expected to rise on the real estate development. The famous club in Ibiza, Spain called Café Del Mar is set to join the project, with its first ever venture in Thailand.

A retirement village will also be developed with the help of a luxury retirement operator in Britain called Audley and Nye Estate. The latter is a high-end property development subsidiary of Narai Property, the Thai partner of the joint partnership.

They are negotiating a deal to a partner for a lifestyle mall and the development of the Bangkok Hospital to supply medical care.

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