Connect with us
The clever new way to send money abroad

Real Estate

Can you spare $20 mln ? These are Thailand’s priciest villas



With the most expensive unit priced at THB700 million (USD19.7 million), the villas will be the priciest yet in Thailand, eclipsing the THB380-million (USD10.7 million) tag for a villa project that will be launched by property developer Charn Issara Plc in 2017.

A villa project within MontAzure, a mixed-use luxury development in Kamala Beach in Phuket, is set to launch next month.

Developed by Kamala Beach Resort & Hotel Management Co, MontAzure’s villas will be spread on 75 rai in the hills of Phuket. The project has a total sales value of THB4 billion (USD112 million).

The priciest villa has a total usable area of 4,500 square metres, with a lot size of 6.5 rai.

More: Phuket market still relatively stagnant

“For us, the Philippines, China and Thailand are the most attractive countries for investment due to urbanisation and demographics,” Richard Yue, CEO of boutique investment firm Arch Capital Hong Kong, which is the lead corporate investor in MontAzure, told Bangkok Post. “The populations are dominated by a growing number of middle-aged people who have strong consumption and spending.”

Phuket villa sales increased in the second quarter of the year from the same period in 2015, according to CBRE.

“The biggest change this year has been that purchasers are looking for income producing properties,” said James Pitchon, executive director at CBRE Thailand. “There’s a split market right now, there have been a couple of sales at the super-luxury end, but the majority are at the much lower end….

Source link

Click to comment

Leave a Reply


Bangkok falls 19 places to 49th most expensive location worldwide

Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.



The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.

Continue Reading


Is There a Silver lining amid COVID-19?

Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.



A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.

Continue Reading

Most Read