“Radisson Phuket Mai Khao Beach” Gets EIA’s Green Light to Start Construction this Year’s End, Aiming to Agressively Target Thai-Asian Markets
Radisson Phuket Mai Khao Beach receives green light from the EIA, as the project moves forward with the construction in November. It aims at penetrating markets in Thailand and Asia through series of hot promotions after a positive outcome from its first roadshow in Hong Kong.
Mr. Darren Judges, Managing Director of Aplan Properties, reveals the value of this premium hotel and residence at over THB 1,600 million. This 4-rai (8,000 square meters) property has been approved by the EIA, whose construction is expected to commence in November.
“We are delighted to hear the good news about EIA’s approval. The construction will now be driven on full power, which will be a great amount of work for groups of contractor, architect, and interior designer, as we aim to develop high standard property and create the best returns of investments for investors” said Darren.
Radisson Phuket Mai Khao Beach development is a collaboration between Thai-Chinese Property Holdings and Aplan Properties. It is located on the northwest shore of Phuket island, Mai Khao Beach, which is one of the most private and secluded beaches with pure nature and serenity and is highly accessible with only a 15-minute drive from Phuket International Airport. The property consists of 8 low-rise buildings, featuring 222 contemporary rooms and suites (110 units for ownership) and offering freehold ownership to foreigners. It is licensed as a Commercial Condominium. The project is expected to complete in the last quarter of 2022. Sales gallery will be available for public viewing in November this year.
The hotel residence is operated by Radisson Hotel Group under “Radisson” brand with its guaranteed superb standard, while sales and marketing will be managed by DMRD Asia to cater to upscale market segment. Through mandatory rental program, it ensures a worthwhile return of investment for prospective investors, while also being a perfect vacation spot for travellers.
With the aim to penetrate international markets, Radisson Phuket Mai Khao Beach has organized the first roadshow in Hong Kong, which was very well received by the targeted market. It continues to aggressively promote the property across countries in Asia, e.g. Macau, China, India, and Thailand by the end of this year until the beginning of the first quarter of 2020.
“Regarding severe political situation in Hong Kong in the past few months, Hong Kong investors and locals have been searching for new opportunities outside of their countries that could give them positive return of investment. It is, thus, a significant move for us to promote our property there, as the Radisson brand is undoubtedly well renowned worldwide. More importantly, Radisson Phuket Mai Khao Beach is located in Phuket, Thailand’s second most visited and dynamic cities among tourists. It, therefore, carries a great amount of potentials”, said Marciano Birjmohun, Managing Director of DMRD Asia.
Starting price is estimated at THB 7.2 million with freehold ownership and upscale operations. Investors are guaranteed a 6% yield in the first three years and the 4th year onwards is projected at a healthy 6% with inflation and capital gains to be made.
For pre-sales hot deals, full furniture set worth THB 700,000 is offered to potential buyers along with a two-night stay and a round-trip flight to Phuket. Buyers will also receive Platinum Reward Membership, privilege for Radisson customers worldwide.
For more information, please email [email protected] or call +66(0)63 680 8090.