Connect with us

Property

Luxury real estate prospers

Legacy Phuket Gazette

Published

 on 

image
image

PHUKET: One thing that I love about Phuket is the ability for luxury to live side by side with abject casualness. You could be sitting next to a multi-millionaire or a packaged tourist on the bar stool, as the ties that bind are the flip-flops adorning your respective feet.

Islands tend to have little social stratification, which can probably be explained in a Robinson Crusoe round-about manner. Be it a local eatery, or stepping down the aisles of Villa Market, or indeed sitting in the crowd at a kids’ sporting event at one of Phuket’s many international schools, the pecking order doesn’t much matter at these venues.

All that equality of course does not necessarily apply to where the top end of the market lay down their heads on comfy pillows at night. The history of luxury pool villas has been recanted many times around the local watering holes, so that’s no place we need to go now.

One clear positive sign for Phuket’s luxury real estate is the amount of impressive new product now coming into the marketplace. Just a few days ago, I had the chance to visit one of the newest launches, Avadina Hills overlooking Layan Beach, and once you catch your breath, all of Bangtao Bay and beyond.

Size does matter in what has been a hand-crafted effort of 22 ultra estate villas. One feature that I personally love is the ample plot size with an average of two rai each. With configurations mainly of four bedrooms, built up areas range from 1,700-1,800 square meters and internal built up space of over 709sqm.

Is the price tag, starting from 300 million baht, high? Certainly, but viewing the high level of quality, the artistic framework of architect Sakakura Associates and landscape planner James Hyatt, ultimately the price tag is attuned to the exclusivity, privacy and view overlooking one of the island’s most sensational vistas.

Writing this, I can almost hear the online boo-birds chirping about the demise of Phuket, being overrun by cheap travellers and with a declining trajectory. Yet, looking at the bare facts and quality of investment into the island’s luxury property sector by well-heeled groups and affiliates like Kajima (Japan), Minor (Thailand), HPL (Singapore), and New World (Hong Kong), the reality seems to suggest that, despite a world gone mad, upscale property is continuing to find a global marketplace in Phuket.

Over the next 12 to 18 months, more than US$500 million in new luxury estate villas will enter into the market, including notable projects such as Rosewood, MontAzure and others, joining Avadina Hills, Anantara Residences and Point Yamu by Como. One reality of the sector is that a fresh phase of demand will be induced by the world class product and will generate sales from both domestic and overseas buyers.

If you want a reality check about Phuket’s leadership in real estate, take a drive on Kamala’s Millionaire’s Mile some time, or take a look at the superyachts that can’t find space at the island’s overfilled marinas.

There is little doubt that our island is transforming into an urbanized landscape, and yes – volume is inevitable in all things we do and see. Yet, putting perspective into the real estate sector, and viewing the positive investment sentiment, all indications are that we will continue to move ahead as we enter the next development cycle.

Luxury living is indeed finding more partners to sleep with, given some very spectacular new products that are gracing our shores.

Bill Barnett is Managing Director of C9 Hotelworks, the Phuket-based hotel and property consulting firm.

This article appears in the September 5-11 issue of the hard-copy Phuket Gazette newspaper.

Digital subscribers may download the full newspaper, this week and every week, by clicking here.

Keep checking the Phuket Gazette, join our Facebook fan page or follow us on Twitter
@PhuketGazette for the latest news updates.

— Bill Barnett

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forum
🔔 Subscribe to our daily newsletter
📺 Subscribe / Join for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Coronavirus (Covid-19)11 hours ago

Wednesday Covid Update: 4,886 new cases; provincial totals

Thailand11 hours ago

Thailand News Today | Substandard masks, PM to decide on Omicron, lingerie worker demands | Dec 1

Southeast Asia11 hours ago

Vietnam to welcome fully vaccinated tourists from Thailand this month

Sponsored20 hours ago

Hungry Hub Bangkok Rooftop Festival 2021

advertiseadvertise
Southeast Asia11 hours ago

Myanmar junta likely to be temporarily barred from the UN, along with Taliban

Coronavirus (Covid-19)12 hours ago

Hospital warns not all PCR tests properly detect Omicron variant

Thailand12 hours ago

Thailand’s exclusion from US Summit for Democracy could impact foreign investment

image
Join the conversation on the Thaiger Talk forums today!
Tourism12 hours ago

TAT predicts 500,000 travellers before 2022, 133,000 arrived so far

Thailand13 hours ago

Kanchanaburi park ranger reportedly stabbed co-worker, shot himself

Crime13 hours ago

Former Deputy PM Suthep indicted over construction contracts

Transport14 hours ago

New variant casts shadow over Thailand Motor Expo, concerns outbreak could affect the industry

Thailand15 hours ago

Thai porn industry, Forget about Pattaya nightlife, Hualampong station | Thaiger Bites | Ep.72

Transport16 hours ago

Cabinet sets aside over 5 billion baht to improve Bangkok’s public transportation

Drugs16 hours ago

Men arrested at Bangkok airport for allegedly smuggling drugs valued at 95 million baht

Thailand17 hours ago

Victoria’s Secret Thailand supplier faces labour abuse by laid off workers

Coronavirus World18 hours ago

Health officials say Omicron probably in the Netherlands prior to South Africa reports

Thailand3 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand9 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism9 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket9 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism9 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand9 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism9 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand10 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand11 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand11 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand11 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand11 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand11 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand11 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand11 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending