Market Rebounds As W Samui Sells Four Luxury Villas

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 20 Dec 2011 | 6:00 am

On the heels of a early November Hong Kong road show the W Residences in Koh Samui have seen four beachfront units sell or be reserved within the past six weeks.

A key strategy by the developer came in the reconfiguration of larger villas into two and three bedroom units priced from THB65 million (over USD2 million).

With a product debut at the trendy W hotel in Hong Kong, an exhibition was held in conjunction with the Engel and Volkers agency.

From our talk with the project's Director of Sales and Marketing Richard Skene the catalyst driving the surging interest has been on the lifestyle investment potential of the units versus end usage.

Coupled into the equation has been the market penetration of the resort into the island's accommodation market and strong new high profile entries from the likes of Conrad, Le Meridien and shortly InterContinental.

Plans at the residences Phase 3 are currently being reviewed with the emphasis on more 2/3 bedroom properties are similar pricing points.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Ultra luxury private hotel coming to Natai
http://www.iniala.com

Italian home cooking in Seminyak, top spot to eat
http://www.rusticabali.com

Chiang Mai by Segway
http://www.segwaygibbon.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

LED Lighting Leads Sustainable Solution Drive

One of the leading trends in lighting is the shift to LED (light emitting diode) solutions.

Wellness Retreat Wins Award

Thai based group Zinc InVision have been recognized with a Senses Wellness Award for Best Medical Wellness Resort for The Farm at San Benito in the Philippines.