As Phuket continues to attract massive foreign investments, the latest big money to come Phuket’s way is from the partnership of two UAE companies, Tasweek Real Estate Development and Marketing, and Asset Allocation Advisors (AAA), which help make up the Khalid Al Hamed group. These two high profile companies are set to launch a high-end luxury development at Ao Por.
Covering a total of 26 rai of sea-view land and at a cost of USD60 million (1.8 billion THB), the development will contain 126 pool Suites and 8 villas. There will be a choice of properties such as studio apartments right up to luxurious pool villas. The resort will also have a spa. The expected prices will be 120,000 baht to 150,000 baht per square meter.
This is more great news for the Phuket real estate market, and yet another scoop in the investment stakes. For more information of properties for sale in the Ao Por area of the island, please click here!