Phuket Select, an exclusive real estate showcase that includes some of the paradise island’s top developers and representatives, is
visiting Hong Kong on September 8 and 9. Hosted at the Ritz Carlton, the event will focus on Phuket’s most desirable and upscale
residential and resort development investments.
It will also offer potential purchasers an opportunity to discuss with professionals the often misunderstood foreign ownership rules
around purchasing property in Thailand which have been in the headlines recently.
One of the highlights of the developments on show will be Barama Bay, a gated community with 24-hour security on an island paradise off
the shore of Phuket that is made up of a private deep water marina, a six-star boutique hotel, yacht club, spa and wellness centre and
luxury estate villa homes. Reachable only by helicopter, the development is heralded to set a new standard as the most exclusive, luxury
resort development in the world.
David Simister, Chairman of CBRE Thailand,
said, “International interest in Thai real estate, especially in Phuket, is on the increase
spurred by the significant growth the area has witnessed since 2000. Investors are coming from as far and wide as the Middle East and
Hawaii; however Hong Kong investors continue to own a large percentage of Phuket real estate and the current favourable economic
conditions in Hong Kong suggests this trend is set to continue.”
Commenting further, Simister
said, “Phuket has also witnessed fervent hotel development activity which will no doubt increase investor
confidence moving forward. This includes the sale of the Crowne Plaza and the recent announcements that Hyatt International and The
Peninsula Group will be opening hotels on the island.”
Other resort and residential developments to be showcased include Laguna Phuket, a popular holiday paradise of five hotels including
the Banyan Tree Phuket, Sheraton Grande Laguna Phuket, Dusit Laguna
Resort, Laguna Beach Resort and Alamanda Laguna Phuket.
Royal Phuket Marina, Asia’s first world-class marina waterfront development, combining luxury homes, a 350-berth state-of-the-art marina
and an extensive range of up market retail and leisure facilities set against the backdrop of Phang Nga Bay and the Andaman Sea on the
sheltered east coast will also be on introduced to potential investors.
Representatives of the two remaining freehold estate homes at Orchard Springs (selling upwards of US$2.25 million), as well as Villa Santi
and Djinnah Santi (luxury villas and apartments that guarantee rental yields of up to 11%), will also be present at the event.
Other exhibitors include Layan Gardens, Raimon Land, Sai Taan Villas, Ocean Breeze, The Village Koh Ma Phrao, Dewa Resort, The
Estate Beachfront and Richmond Properties.
Individuals and investors alike are drawn to Phuket not just because of its beautiful setting and directional, aesthetically pleasing
developments, but also for its convenient international travel links, upscale local amenities and quality infrastructure, including two world
class international hospitals.
The event will offer the opportunity to informally discuss and learn about the property market in Phuket and meet some of the major
investors and key players who are based there.
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