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Three new luxury show suites open at flagship Twin Palms Residences

Tanutam Thawan

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Three new luxury show suites open at flagship Twin Palms Residences | The Thaiger

MONTAZURE ON STUNNING KAMALA BEACH

MontAzure, the upscale mixed-use residential resort community set on 454 rai (178 acres or 72 hectares) of mountainside to beachfront land in Kamala, has launched 3 new on-site beachfront show suites at the award-winning beach condominium development, Twinpalms Residences MontAzure.

Considered by real estate experts to be one of the most compelling lifestyle investment opportunities on Phuket, the development will be managed and operated by Twinpalms Group. Investors and visitors will be able to tour and experience all three of the units to really get a feel for the unique luxury island lifestyle on offer.

“Recent luxury investment trends on Phuket have seen a move away from private villas toward upscale condos, especially penthouse units with outdoor facilities. Buyers appreciate the opportunity to own these luxury properties on a freehold basis,” says MontAzure Executive Director Setthaphol Boottho.

“Properties managed by reputable brands also attract savvy investors, as the condos can be rented out to international visitors and therefore generate income when owners are not using them,” he added.

Three new luxury show suites open at flagship Twin Palms Residences | News by The Thaiger

Andreas Savvides of Haveli Design, whose pedigree includes several landmark residential developments in Bangkok including 185 Rajadamri and The River, designed the interiors for two of the new show units at Twinpalms Residences MontAzure, one of which is a stunning penthouse with a rooftop pool and ocean view sun deck.

As the first phase of the expansive MontAzure master-planned mixed-use development, the luxury beachfront condominiums have already attracted lifestyle-driven investors looking for a combination of hotel-based yields and usage time, along with strong capital appreciation due to the rare beachfront location. Owners enjoy privacy and world-class facilities without having to employ their own staff as they would at a private villa.

The development is sensitively designed as a series of low-rise clusters orchestrated around generous communal swimming pools with intimate views of the beautifully landscaped grounds. One-bedroom units are sized from 70 to 250sqm while the two-bedroom units range from 154 to 400sqm. The developers also recently added super penthouses measuring an impressive 799sqm and offering stunning views of Phuket’s idyllic sunset coast. Prices for entry-level investment units start from 15.5 Million baht.

Three new luxury show suites open at flagship Twin Palms Residences | News by The Thaiger

Part of the development’s beachfront zone, Twinpalms Residences MontAzure is just a short stroll along the beach from HQ Beach Lounge, which has become an island favourite for its chic, contemporary oceanfront dining and entertainment. The sea view restaurant at HQ serves delicious light fare, signature cocktails, fine wines and an eclectic music selection to match the casual surroundings. 

Right next door to HQ Beach Lounge, lifestyle aficionados can enjoy causal fine dining, world class drinks and entertainment at Café Del Mar, Phuket’s hippest waterfront venue with 40 metres of beach frontage and chic tropical design. A rolling schedule of events includes weekly pool parties, international guest DJs, and tempting food and drinks promotions to attract a stylish global clientele.

Enhancing the unique choice of word-class beachfront facilities, MontAzure’s anchor hotel, InterContinental Phuket Resort, will open this year to offer visitors and residents of Kamala even more options for dining and entertainment, complementing the breathtaking sea views and tropical surroundings.

Three new luxury show suites open at flagship Twin Palms Residences | News by The Thaiger

“Twinpalms Residences MontAzure offers buyers a rare opportunity to own a property within an integrated beachfront resort and residential community just steps from the pristine sands at Kamala beach and within walking distance of the island’s most popular beachfront venues,” says Henri Young, Director of Marketing at MontAzure.

To mark the launch of the new show suites and MontAzure is offering buyers a guaranteed return on investment for 3 years on selected units, as well as free furniture packages valued up to 2 Million baht. 

For more information or to make an appointment to view the show units call +66 93 624 8800 or email [email protected]

Three new luxury show suites open at flagship Twin Palms Residences | News by The Thaiger



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Local Thai journalist speaking fluent Thai and English. Tanutam studied in Khon Kaen before attending Bangkok’s Chulalongkhorn University.

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Phang Nga

Hong Kong property tzars team up for new Phang Nga development “Aquella”

Bill Barnett

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Hong Kong property tzars team up for new Phang Nga development “Aquella” | The Thaiger

FILE PHOTO

Two of Hong Kong’s leading entrepreneurs Allan Zeman and Richard Li are developing a mixed-use project in Thai Muang, Phang Nga named Aquella.

The initial phase of the development includes a par 72, 18 hole golf course, resort pool villa residences with two to four bedroom unit configurations back of a massive land site that offers over 2.5 kilometres of white sand beach.

Previously, the approximate 1,000 rai site was the home of the Thai Muang golf course. After acquisition the course was closed, and the master planned Pinetree project that was to contain a marina and luxury Park Hyatt hotel stopped when land zoning issues changed in Southern Phang Nga.

Today, the new golf course has been reconfigured and Zeman’s Paradise Group who developed Kamala’s posh Andara ultra villa resort in Phuket are collaborating with Li’s Pacific Century Premium Developments (PCPD) group.

South West Phang Nga hosted some of Asia’s most significant luxury villa sales in the mid 2000’s given it’s close access to Phuket International Airport, over the Sarasin Bridge.

Changes in the zoning regime stunted the area’s growth over the past decade but a new wave of interest has been born in projects such as Charn Issara’s Baba Beach Club.

Land prices in Koh Pilai and Koh Kloy have sharply escalated in recent months on the announcement of a second Greater Phuket airport by Thai aviation authority AoT.

That said, the area has a rich history in demonstrated luxury residential sales in projects such as Aleenta and Sava.

With Phuket bursting as the seams, and prime oceanfront plots limited, the recent transaction of the former greenfield site of the Ritz-Carlton Reserve has indicated positive sentiment.

Hong Kong property tzars team up for new Phang Nga development

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Property

Car and house loans surged in 2018

Tanutam Thawan

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Car and house loans surged in 2018 | The Thaiger

The Bank of Thailand says they’re concerned about the double-digit growth in loans for cars last year. The central bank is now monitoring the trend and will keep track of statistics for the rest of 2019. Their concerns about the Thai mortgage market the year before resulted in new regulations coming into effect this April.

Loans for cars were up nearly 13% in 2019, up from 8% growth in 2017 and much smaller growths in the years before.

They reported that commercial bank auto loans rose to 1.07 trillion baht last year, a rise of 12.6% from the previous 12 months. Defaults on loans has also risen during 2018 but the BoT says the rate is still “manageable” at 1.66%.

The BoT says they will need to continually monitor the business of loans for cars for at least the rest of 2019.

Last year they put the spotlight on property mortgages. The study resulted in more stringent conditions for the loan-to-value ratio, especially for second or subsequent housing loans.

Mortgage lending expanded nearly 8% in 2018, compared to 5.5% in 2017. The more stringent requirements for housing mortgages comes into force on April 1 this year.

Generally, the loan sector for commercial banks rose by 6% last year, again a rise from the previous year where the rise was 4.4%.

But the BoT reports that the profitability of the banking sector remains in positive territory. Interest income is now the main source after the fee-based income of some banks, particularly fund transfer fees, declined.

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Phuket

Kamala’s Twinpalms Montazure poised to welcome guests in July

Tanutam Thawan

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Kamala’s Twinpalms Montazure poised to welcome guests in July | The Thaiger

Set on the golden sands of Kamala Beach, Twinpalms MontAzure will welcome its first guests in July this year.

Already a member of Small Luxury Hotels of the World, the boutique beach hotel offers beautifully appointed Suites, Penthouses and Private Pool Suites.

Suites range in size from 70m2 to Penthouses with private pools and sea views boasting large living spaces of up to 300m2. Guests will also enjoy using a lap pool or an infinity pool offering views of the Andaman sea.

Twinpalms MontAzure will also launch its beachside restaurant and lounge, ‘Shimmer’, with uninterrupted sea views. Shimmer restaurant will serve vibrant and tasty food with an Asian focus, delicious and creative cocktails, and a great wine list, all served with the customary gusto and flair expected from the Twinpalms brand.

Olivier Gibaud, General Manager of Twinpalms Hotels & Resorts says, “With 15 years’ experience refining Twinpalms excellent service standard complemented by a luxurious dining and entertainment quality that sets itself apart from other destinations on the island, we are very excited to bring this knowledge to a new hotel”.

Designed by Martin Palleros, following the original Twinpalms concept and style, of utilising Phuket’s beautiful landscape, Martin has allowed the design to maximize the sea views from most of the Suites and areas within the buildings, whilst also ensuring the preservation of the views of the mountainside from other perspectives.

Resident Manager, Thipwimon Chatchavansilachai says, “For respect for our island location, we will launch with a ‘no single-use plastic’ policy, meaning alternatives to common plastic items such as straws, packages for bathroom amenities and water bottles will be replaced with materials such as bamboo, ceramic and recycled paper.”

“We will continuously find better alternatives in our hotel operations for the preservation of the environment”.

Naturally, guests of Twinpalms MontAzure also have access to the brand’s other dining destinations, taking full advantage of the three beaches Twinpalms has a presence: HQ Beach Lounge – a few steps away on Kamala Beach, Catch Beach Club, Catch Junior and Palm Seaside, located on Bang Tao Beach and the flagship resort, Twinpalms Phuket, is just a few steps from Surin Beach.

Kamala's Twinpalms Montazure poised to welcome guests in July | News by The Thaiger

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