By Andrew Batt:
A Koh Samui boutique property development has seen sales of 10 units within just two months of the launch.
AquaSamui, developed by Luxury Living Asia (LLA), features 11 private pool villas and is designed by award-winning architect Gary Fell of Gfab. Fell was the recipient of the World’s Best Architecture award at the 2011 Bloomberg International Property Awards.
The collection of two- and three-bedroom villas is set in the hills on south Thailand’s Koh Samui and offers panoramic views over the world famous Chewang Beach and the Gulf of Siam.
Luxury property sales on Koh Samui, and throughout Thailand, have been sluggish since the 1998 economic crisis, however LLA appears to have struck a chord with luxury buyers on the island by drawing on the fundamental principles of luxury property: premiere location, optimum design and quality construction. These principals, combined with the developer’s ability to address the new demands of the 2013 global property investor, who now insists on razor-sharp pricing and legal security of a property, has proven to be a successful combination.
“We’re obviously thrilled with AquaSamui’s initial success but it doesn’t come as a big surprise,” said Antonio Duan, Managing Director of LLA.
“Our extensive pre-planning and research showed us the current luxury market for holiday home buyers on Koh Samui, and Thailand in general, is very different than pre-economic crisis times. Luxury buyers still want great design, a wonderful location and quality building; but now developers must also offer well-thought out pricing and legal security for the buyer.”
Two-bedroom villas at 160 sqm in size are priced from THB8.9 million while the larger three-bed option, measuring 275 sqm, is THB15.9 million.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
Recent stories you may have missed
Bangkok is "hot" says analyst
Second home buyers driving demand in Hua Hin and Cha-am
Condomania hits Chiang Mai
Thailand property prices rises among the highest globally
Bangkok’s property investment prospects on the rise
Get daily property news in Thai and English straight to your Inbox from Thailand’s number one property website. Subscribe today for free.