Beach residences tempt buyers
Foreign buyers have always been attracted to Thailand's beautiful islands and coastal resorts, as they look for an idyllic retirement home or a property investment.
Following a successful Hong Kong exhibition to launch the new Conrad Koh Samui Residences, potential buyers are being invited to see for themselves these stunning two-bedroom and three-bedroom pool villas.
The 32 luxury villas are part of the new Conrad Koh Samui, which is scheduled to open later this year. Interested buyers who visit before May 25 will have the cost of their flight and accommodation expenses rebated if purchase of a villa is completed.
Conrad Koh Samui Residences is located on a pristine beachfront site at Phang Ka, on the southwest coast, surrounded by coconut plantations with spectacular views of the Gulf of Thailand and the scenic Five Islands archipelago. Prices start from 43.8 million baht (HK$10.5 million) for two-bedroom villas and 88 million baht for three-bedroom villas.
The split-level residences have a striking contemporary design with subtle Thai influences, and occupy plots of 480 square metres to 1,040 square metres, complete with a private infinity pool and outdoor sun deck and lounge.
Owners also have access to a wide range of five-star resort facilities including world-class dining, swimming pool, signature spa, gym, secluded private beach and concierge services.
The residences are managed under the Conrad brand, with the option for earning rental income guaranteed at 7 per cent per annum for five years.
The project has been developed by Hillcrest Residences (Samui) as a joint venture with Hong Kong-based Hillcrest Capital.
Hillcrest Residences (Samui) managing director Lyon Lau says: 'With direct flights from across the region, including daily flights from Hong Kong, Koh Samui is becoming one of the hottest destinations for holiday and retirement homes in Asia, appealing to families and all age groups. This new development introduces to Koh Samui the branded residences concept offering truly luxurious and memorable getaways for today's discerning and market-savvy homebuyers.'
David Simister, chairman of property agent CB Richard Ellis Thailand, says the guarantee of rental income exceeds typical rental income in the region.
'Conrad Koh Samui Residences provides investors with a competitively priced opportunity to buy into one of Asia's leading resort locations. With construction already under way, it's a superb investment opportunity that aims to set a new benchmark for luxury resort living on this increasingly popular holiday island. Now is the right time to invest in Thailand and this is one of the most beautiful spots on the island, with panoramic views of Koh Samui's magnificent sunsets,' he says.
Further south, Raimon Land has only a few units available at The Heights Phuket, a 51-unit condominium on a hillside above Kata Beach.
The project was recognised as Thailand's best condo development at last year's Thailand Property Awards.
The company is also putting the finishing touches to its Northpoint project in Pattaya. Located on Wong-Amat Beach in the northern part of the resort, the condominium has 376 units in two towers. It has 80 metres of beach frontage, tiered swimming pools, sun decks, spectacular gardens and fitness centres.
