TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Minor To Develop Phuket Luxury Residences

Category: Real estate, Posted:21 Nov 2012 | 09:51 am

The Minor Hotel Group is planning to develop between 17 to 20 hotel branded luxury residences in Phuket priced at USD3-5 million according to a report from Bualuang Securities.
These will be adjacent to the new Anantara resort at the Northern end of Bangtao Bay (formerly Bundarika Villas & Suites), which was acquired by the group earlier this year.
A hotel launch is planned in 2013 after an extensive upgrade , and Minor is expecting residential sales revenue to commence in 2014.
Minor's total investment in the project is reportedly expected to reach THB3 billon (over USD95 million).
While another Thai listed firm Laguna Hotels and Resorts (LRH) has rolled out a new phase of Deluxe Townhouse and Residences back of increased demand.
It's understood the company will also be announcing its lifestyle condominium project near to the Dusit Laguna and new Outrigger (formerly Laguna Beach Resort) hotels in mid December. Pricing points and unit sizes have shifted to lower pricing points and space given a realignment to the Asian market.
In a nutshell, for Phuket's current resort grade real estate market, the focus seems to be either go high or low.

Other News

Read more

Koh Samui To Follow Phuket In International Reopening

Category: Tourism, Posted:19 Jun 2021 | 16:29 pm Leading tourism news out of Thailand has the government’s CCSA (Centre for Covid-19 Situation Administration approve in principal a plan to open a sealed route to Samui in mid-July. The plan covers the three islands of Koh Samui, Koh Tao and Koh Phangan and would require travelers to first stay in an ASQ hotel for […]
Read more

Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
Read more

C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]