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Phuket Property: More than half of Laguna Shores already reserved



PHUKET: Laguna Property, Phuket’s largest developer of high-quality resort residences, has started selling units in the third wing of its landmark Laguna Shores holiday apartment development.

Almost 120 Laguna Shores units – more than 50 per cent of the total 229-unit building – have been reserved since its market debut on December 15, 2012.

The stylish one- and two-bedroom apartments, ranging in size from 40 to 88 square meters, have various layouts that utilize space, and prices starting at 3.7 million baht.

Laguna Shores will be built on a lagoon view site at the heart of the Laguna Phuket resort and provide owners with access to a range of the resort’s renowned lifestyle benefits.

Buyers who have reserved apartments represent a broad range of nationalities with British, Russian, Thai, Singaporean, Australian and Chinese being the main takers.

Seventeen per cent of the buyers are existing Laguna Property owners.

“We’re delighted that Laguna Shores has received such an enthusiastic response from buyers who clearly recognize the secure investment and lifestyle qualities this development offers,” said Stuart Reading, deputy managing director of Laguna Resorts and Hotels.

“It’s very pleasing that our decision to proceed with Laguna Shores, which represents a new direction and character for our property portfolio, has been vindicated by this positive response.”

The apartments are sold leasehold and will be made available in a rental pool managed by a new brand under the prestigious Banyan Tree Group. Investment and lifestyle rental programs provide maximum flexibility and choices to investors.

Construction of Laguna Shores is due to begin during the second half of this year, with completion expected in 2015.

Show units of three different apartment layouts are on display in Laguna Phuket’s Canal Shopping Village.

The Group’s other branded luxury properties available include Banyan Tree Residences, Dusit Thani Pool Villas and Laguna Village.

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