American news media is buzzing with rumours as to whether Beyonce and Jay-Z have bought daughter Blue Ivy Carter a Thailand island for her birthday.
The Inquisitr.com website, citing MediaTakeOut.com sources, said the couple spent US7.96 million on ‘Phuket Island’, an island listed on PrivateIslandsOnline website as being off the coast of Krabi.
MediaTakeOut.com, citing an insider, said: “Blue fell in love with Thailand, and so did [Jay and Bey]. They thought it was a good investment, and a good [place] to create a new family home.”
According to PrivateIslandsOnline, the 14-acre island off the coast of Phuket boasts a gorgeous mountain view, and is a perfect spot for the development of a five-star hotel.
It also features a 120-metre beachfront with 40 rai of palm tree-dotted expanses. An ancient mansion is also on the island and waiting to be lovingly restored, according to the website.
How the family have managed to overcome Thailand’s property laws, which prevent foreign land ownership, remains unclear.
Image: PrivateIslandsOnline.com
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
