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

MIRA Valley Phuket Preview Sessions This Friday

Category: Real estate|Tourism, Posted:22 Apr 2024 | 07:28 am Catch this special event this coming Friday 26th April with a special preview of the new MIRA Valley master-planned community in the heart of Phuket, Manik. This is an amazing opportunity to acquire a development plot in a larger high-quality community. This will be of special interest to property developers looking for land parcels, investors. […]

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]

More Insider News