Phuket apartment prices set to hit new hights
Posted by Rose on October 29th, 2007 filed in Living here, PropertyTo pay 120, 000 THB per square metre for an apartment in Thailand may sound a little pricey. However if you consider the amount gets you a property that is: located just a 3-minute walk to the beach, and that it is on a road which boasts four world-acclaimed resorts with restaurants, cafes, wine bars, and spas all within walking distance, the offer suddenly seems undervalued when compared to other destinations in the UK, US, and EU offering the same lifestyle, convenience and prestige.
The project in focus is: Chava located on Surin Beach road right next to the Twin Palms Resort. Co-developed by Hong Kong’s property mogul Allan Zeman – Chava offers plunge pool villas on the ground floor and penthouses with sea views overlooking Surin Beach and over 65% are already sold.
What is less known is there are a number of small apartments located above the eateries, bars, and wine shops of Surin Beach Road. These stylish walkups are often studios or one-bedroom units that are carefully furnished to make up for their compact size. These units are so conveniently located that although they come with no facilities – you can simply walk down to the beach, or stroll over to the Twin Palms to use their well-equipped gym. As for room service, simply dial for takeaway from the many restaurants below.
The price tag: approximately 6M THB for a 45 sqm unit and prices have already risen by 30% in the last year. With tourist arrivals at record highs, there will be a higher number of people drawn to the fantastic lifestyle Surin Beach has to offer. The value of these residences will only appreciate as demand rises against limited supply. More on Phuket apartments.