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Posted: 29 Mar 2010 | 6:00 am
Phuket is seeing increasing competition in Thailand for branded resort residential with Residences at Four Seasons Resort Chiang Mai active in the market. This phase which is already completed has 5 villas, with 2 already sold. The 4 bedroom units sit on ½ rai plots with 755 square meters of built up space and are sold on either a leasehold or freehold basis. Average prices are THB 150 million.
The Residences condominium which has 24 units only has two remaining priced at approximately THB 64 million. Average unit sizes are off 500 square meters. Looking at real estate sales of 22 condos and 2 villas certainly the combination of the Four Season's brand name and unique luxury offering in Chiang Mai have added traction. Both the architect Lek Bunnag and landscape by Bill Bensley certainly have contributed to the success given their tasteful Thai design sense.
Developer Minor International continued to be active in luxury property with the St. Regis Residences Bangkok about to hit the broader market.
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:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
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