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Luxury Phuket Villas from Minor International

By on Apr 25, 2014 in Property News, Residential

15 ultra-luxury Phuket villas are to be built by Minor International, who are investing Bt5 billion. Tagged as The Residences by Anantara Layan, the villas range from four to eight bedrooms with commanding ocean views of Bang Tao Bay.  Size certainly is the new lead indicator, with built-up villa areas ranging from 1,500-2,000 square metres and averaging in the range of Bt300 million in price.

As a sign of market confidence, Minor has elected to construct all of the units fully, with work already under way and project completion expected by the middle of next year. Minor’s Bill Heinecke has been a lead proponent of luxury hotel-branded residences, with highly successful offerings at the St Regis Bangkok and Four Seasons Koh Samui.

In 2012 the group purchased the Bundarika Resort at the northern end of Bang Tao, along with an adjunct vacant parcel. The hotel received a major upgrade and was recently relaunched under the Anantara flag. The Residences has been integrated into the development.

Phuket appears to have firmly established itself as the leading luxury market in Asia, with a long-sustained history of transactions, which well surpass those in Bali or any other regional destination, and a number of new projects coming up in the next few years. What remains a solid business dynamic is that foreign direct investment, which has declined in Bangkok as the capital has been plagued by disruptive anti-government protests, has strengthened in Phuket.

New developments to look for include the Rosewood on the Patong headland, Point Yamu by Como, Park Hyatt on Koh Sirey, Layan’s Avadina Hills and Mont Azure Kamala.

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