Samui’s high end property market doing well
Minor Property Group recently sold one of 14 spacious villas in its super-luxury Estates Samui project, at an undisclosed price.
The company did not reveal the price quoted to a Thai national. Nestled amongst the lush secluded hillside of stunning Laem Yai Bay on the Northwestern tip of the paradise island, The Estates, Samui is adjacent to the Four Seasons Resort in Koh Samui.
James Knowles, vice president of Residential Property, said that this acquisition is another example of Samui continuing to raise its profile to a different level in the property market and believes that the island will see a greater number of premium sales in the near future.
« Koh Samui has a growing range of properties in the premium niche sector that are considered excellent value for money, especially when benchmarked with other leading international resort destinations. Many of our existing customers are looking at Koh Samui as the next place to invest into and to own a second home » he said. »As Koh Samui develops its luxury sector, investors are increasingly aware that buying real estate in the path of development progress has always been the way to make strong financial returns while at the same time enjoying the ultimate hotel-serviced home. »
Minor Property is a luxury residential property developer. In its portfolio includes the Residences at St Regis Hotel which is a 53 unit private development sitting directly above the recently opened St Regis Hotel, that has attracted investors from both Thailand and beyond. There is also the Residences at Four Seasons Chiang Mai.
« Branded residences offer so much more value, benefits and versatility. With prime properties in three of Thailand’s most exotic locations we believe we can only see even further interest in this segment in the future, » said Knowles.
All of the villas at The Estates, Samui, feature spacious living/dining area connecting to large pool deck via sliding glass doors, are exquisitely appointed with handpicked materials; resulting in unparalleled quality and charm.
Residents can enjoy unrestricted access to an extensive suite of amenities, including fully-equipped fitness centre, tennis courts, library and reading room, water sport activities, a world-class spa and some of the best beachside dining options in Thailand. Residents are also entitled to the five-star hotel’s services – including all-day room service, bell attendant service, 24-hour telephone operator, cable television, 24-hour security and housekeeping.