Triplex ‘Aquaminium’ penthouses at Royal Phuket Marina sell for over US$2 million

Both triplex ‘Aquaminium’ penthouses, with private yacht berths incorporated into the design of the condominium, sold for more than US$2 million at the Royal Phuket Marina sales exhibition held at the Four Seasons Hotel in Hong Kong last weekend.

The triplex penthouses, which are the most desirable units in the world’s first Aquaminium, were bought by two European bankers. The successful sales event saw a further six reservations made for properties at the marina.

"The fact that we sold the most highly priced units in the Aquaminium so quickly demonstrates the desirability of this completely unique product,” said Mr. Gulu Lalvani, owner and developer of the marina. “Investors are clearly looking at the success of our Phase 1 development where re-sales are producing capital appreciations of up to one hundred per cent.”

David Simister, Chairman, CB Richard Ellis Thailand and sales agent for the Hong Kong launch added, “Phuket real estate has, for virtually all buyers, been one of their most successful investments ever. This fact coupled with a lifestyle to rival any worldwide resort has promoted continued interest and Royal Phuket Marina offers something completely unique in a highly desirable part of the world.”

Thailand’s ‘paradise island’ of Phuket earned the accolade of ‘Asia’s Maritime Capital’ at the annual Christofle Asia Boating Awards held in Bangkok in April, putting Phuket firmly on the map of international yachting.

Royal Phuket Marina’s Aquaminium is a pioneering concept and one of the world’s first condominiums to feature private boat-berths within the residence itself. The property comprises three buildings and offers investors varying unit types including triplex and duplex penthouses, and two and three bedroom condominiums, and offers one of the world’s most unique investment opportunities.

The eight Royal Villas, the most prestigious homes available at Royal Phuket Marina, open onto sweeping views of the Mediterranean-style marina with its profusion of luxury yachts and boardwalks.

These grand residences which have been designed in classic Thai style, blend seamlessly with the resort-inspired surroundings of the marina. Expansive outdoor terraces come with a private swimming pool with built-in Jacuzzi at one end and at the other, a traditional Thai-style sala which overlooks a private boat berth.

The Royal Phuket Marina is located on Phuket’s up-and-coming eastern seaboard overlooking scenic Phang Nga Bay.

The entire US$150 million Royal Phuket Marina project is due for completion in 2010.

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