Samui Branded Luxury Villa Transaction Stirs Market
Category: Real Estate
News that Bill Heinecke's Minor Property Group have transacted a multi million dollar villa at The Estates Samui has re-ignited interest in the sector.
Part of the Four Season's integrated resort, the buyer of the villa was a Thai national.
This news comes after two sales and purchase agreements have been recently signed at the upscale W Retreat Residences.
Speaking to sales staff at both properties, there potentially are other deals in the pipeline that could close over the next few months.
Signs of life at the top end of the market is encouraging for a destination which has seen flat trading after the global financial crisis.
Spending some time on the island over the past few months, a number of developers are now relooking at restarting hotel and premium property projects again.