Sven-Goran Eriksson invests in Luxury Residential Resort Property in Thailand

Travel News Asia Monday, 9 October 2006

Renowned international football manager Sven-Goran Eriksson was a celebrity guest at a Bangkok briefing today to announce the launch of a new luxury residential development in Koh Samui, Thailand.

Peregrina Bay in Koh Samui - Thailand - click to enlarge

Peregrina Bay in Laem Set, Maret, on the island of Koh Samui, is a new luxury low-rise residential development with two beach front villas, four garden and ocean view villas and six duplex condominiums, located in a secluded beach position on the south eastern side of the island.

In-demand resort destinations such as Phuket and Koh Samui really continue to retain the mantle of the Hawaiis of Asia, as the Thai resort markets have little realistic competition regionally, said Mr. Robert Collins, Managing Director of Agency & Investment Services, Savills (Thailand) Ltd.

The Koh Samui property market continues to perform very well following new zoning regulations for real estate and seeks to control new types of development across the island in an effort to preserve the islands natural environment and to curb excessive property development.

Peregrina Bay in Koh Samui - Thailand - click to enlarge

The authorities attention to ensuring land use laws are strictly observed is expected to greatly help the market limit new speculative development and is anticipated to lead to a more mature property market following significant capital value appreciation for both land and completed properties during the past few years.

We are seeing strong levels of demand in the luxury residential market in the region and Thailand in particular, said Mr Collins. Secluded and aesthetically placed property has always been attractive, but discerning buyers are now looking in particular for value-added services including professionally managed developments. Savills has over 17 years of property management experience in Thailand.

One of the early, high-profile, owners at Peregina Bay is the renowned international football manager and former England national team coach Mr. Sven-Goran Eriksson.

The opportunity to find a secluded resort home in Thailand presented itself recently at Peregrina Bay in Koh Samui, said Mr. Eriksson. Koh Samui has long been considered one of the most interesting and beautiful spots in Thailand. One of the great attractions for me is the security and confidence that comes from an overseas residential development that is operated and run by an internationally proven professional management company.

Peregrina Bay has been designed by leading international architectural group Woods Bagot (Thailand) and developed by Jemro Development Co., Ltd and Pilawan Development Co., Ltd.

International property services group Savills (Thailand) Ltd. is responsible for property management and is the appointed sole marketing agents for Peregrina Bay. Marketing exhibitions are scheduled for October in Bangkok, Hong Kong and Macau.

See other recent news regarding: Koh Samui

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