TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Mystery Buyer For Billion Baht Kamala Mega Site

Category: Real estate, Posted:17 Sep 2012 | 06:00 am

Thailand's publically listed firm BTS has announced the sale through a affiliate of a massive 455 rai greenfield development site in Phuket Thailand.
According to a filing with the Stock Exchange of Thailand (SET) Bangkok Mass Transit System Public Co., Ltd. with its major shareholder BTS divested its shareholding in the Kamala Beach Resort Co., which owns the land parcel.
The buyer's name has not been disclosed, except that it is a Thai company. The transaction was valuedat THB1.64 billion which equates to approximately THB3.6 million a rai.
BTS had previously planned to develop the site which has both a property division under and hospitality group U Hotels.
A portion of the site includes a prime beachfront portion on the Northern side of Kamala Beach and large inland piece near to the Swissotel (formerly Courtyard by Marriott). Next door to the ocean fronting side is the new Novotel which is moving towards completion.
Industry sources are viewing the transaction with interest given the high potential for both upscale hotel and residential property development on the land.

Other News

Read more

How Urban Flight and Lifestyle Seekers Have Changed Phuket Real Estate

Category: Real estate, Posted:25 Sep 2022 | 10:44 am Urban flight and a continuous stream of incoming lifestyle residents to Phuket are dramatically shifting Southeast Asia’s leading resort real estate market landscape. The new island property mantra is dominated by surging demand for single-family homes and larger condominiums. Phuket has witnessed a sharp change from 2019 when over 9 million tourists sought a place […]
Read more

Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
Read more

Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
SiaJai logo

Thailand's Leading Homecare Marketplace