Phuket's Exclusive Developments to Go On Display in Hong Kong

Travel News Asia Monday, 4 September 2006

Phuket Select, an exclusive real estate showcase that includes some of the paradise islands top developers and representatives, is visiting Hong Kong on September 8 and 9. Hosted at the Ritz Carlton, the event will focus on Phukets 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, Asias 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.

See other recent news regarding: Phuket, Property, Hong Kong

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