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Luxury Kata Villa Project Converting To Resort

Category: Real estate, Posted:14 Mar 2011 | 06:00 am

Conversions are always an indication that all things are not good in the broad island residential property market.
News just in as that the developer of the luxury estate The Hermitage in Kata is opting to convert part of the project to a 70 key pool villa resort.
Original plans called for 12 upscale properties which will now only see 5 large homes retained and the remainder of the land shifted to a hospitality project.
According to the developer a local management firm will operate the resort, which is targeted to within 2012.
For resort grade real estate a continuing storyline of resales versus offplan sales continue to dominate the trading space.

Other News

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Trio Of Phuket Start-Ups As We Go Local

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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

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