Crystal Lagoons’ most iconic project in Asia to date is in Thailand at the 45-rai lagoon inside Pace Development Corporation’s MahaSamutr Country Club in Hua Hin. Now the multinational water innovation company hopes to land 60 more projects in Asia over the course of the next 6 years.
The company’s regional director for Southeast Asia, Jaime Rivera, tells local media that Crystal Lagoons is expected to sign between two and four deals per year in Thailand. He adds that the demand for crystal lagoons in Asian markets is very strong.
“Actually, our target number of 60 crystal lagoons in Asia in the next 6 years is a conservative number,” says Rivera. He also notes that the Asian continent has more than 3 billion people, its economies are growing faster than the rest of the world, and the low, medium and high-income segments are moving up to the next level creating huge real estate opportunities.
The technology used by Crystal lagoons can add significant value to real estate projects and this can be seen at the MahaSamutr project where the clear lagoons added twice the value to its villas when compared to seafront villas in the region.
According to The Nation, the tourism sector is one of the main driving forces in Asia, especially in countries like Thailand, Malaysia and Vietnam, where governments are launching new policies that encouraging developers and investors to create and open new tourism areas to bring in new visitors. This creates healthy competition between the countries and means developers must design new hotels or renovate the new ones that offer exciting recreational amenities.
“In the public arena, people need to have better recreational amenities, such as parks and green areas, especially for the people in the low and medium-income segments,” says Rivera. “Making crystal-clear lagoons possible in public places provides a beach lifestyle within cities far from the coast. And completely transforming communal spaces can change people’s lives by creating a reality never before imagined.”
