Moving on from the plethora of positive articles over the past few weeks regarding investments returning back to Phuket now the economy is getting stronger, a report from Bualuang Securities says that the Minor Hotel Group is planning to develop up to 20 hotel-branded residences.
Located at Bang Tao Beach, opposite the Anantara Resort, the prices of the residences are expected to be USD3-5 million. The residences will be launched in 2013, however, Minor is expecting that the sales revenue will commence in 2014.
Money is now flowing back into Phuket, as Minor’s investment in the project is expected to reach around the 3 billion baht mark.
It’s a great time to invest in Phuket, as we have also received news that Laguna Hotels and Resorts also have a new phase of Deluxe Townhouses and residences are to be constructed due to high demand. It is also expected that the company will announce a lifestyle condo development near to the Dusit Laguna.
These new movements in the Phuket property market are music to our ears, and you can be sure that we will be one of the first to list these high quality residences over the next year or so. Keep tuned in with Prime Real Estate Phuket!