Thais buy big at Phuket resort

Phuket resort
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Phuket resort condominium Twinpalms MontAzure is 70 percent sold, with the majority of buyers being Thai nationals.

According to the developer, the beachfront property (pictured) has also seen buyers from Russia, Hong Kong and Europe. It has seen just one buyer from mainland China.

Eleven of the rooftop residences at the Phuket resort development currently remain unsold.

Fiona Nel, Director of Sales at MontAzure, said: “Although all the units at Twinpalms Residences MontAzure offer generous layouts, especially when compared with those in many other locations throughout Asia, some buyers have requested even larger units to accommodate multi-generational families or to share with friends.”

“To meet the need for more space, we have combined some of the condominiums to create unique Grand Units that range in size from 450 sqm to almost 800 sqm. This additional space allows for flexibility and customization of the fit out for personal lifestyle choices like multi-purpose media and family rooms, a home gym or spa facilities.”

Entry level units at Twinpalms Residences MontAzure start at THB 15.8 million (USD 480,000) with one-bedroom units starting at 70 sqm.

The development will be managed as a hotel by Twinpalms Group, and owners have the option to join the hotel rental pool with 45 days personal use per year.

The developer added that buyers who opt not to join the rental program will not be allowed to rent their property separately on a short-term basis.

The project is on course for completion before the end of this year.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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