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New Phuket Villas – Kamala Beach Resort to open 13 high-end villas

The Phuket villa property company Kamala Beach Resort & Hotel is a joint venture investors from Thailand, Hong Kong and Singapore. They are planning to open 13 villas on Kamala Beach worth 4 billion THB in the second half of 2016.

Jainchai Limvattanakul, managing director of property developer Narai Property Co, the Thai partner in the joint-venture firm said real estate remained attractive for investment as there was surplus cash in the upper-end market. “Thai buyers of high-priced property are active in Phuket as it is a world-famous destination,” he said. “Factors such as the expansion of Phuket airport and rennovations of its highway bolster its reputation as a stable investment proposition.”

The 13 new villas will be built on a new hillside phase at MontAzure and prices will range from 280 to 350 million baht. MontAzure is set to be completed in the next 7 years.

Another development is the Twinpalms Residences MontAzure. Construction has just started on this 9 rai site and will be worth 2 billion baht. 50% of the 75 condo units priced between 10.9 and 93 million baht have already been sold.

Phuket continues to be attractive for high end developments.

Source: Bangkok Post, 30th June 2016
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