INVESTING in real estate is perhaps the most difficult venture as fortunes could be made or lost by choosing the right or wrong city, location, development or unit and of course one has to wade through a lot of dodgy deals before landing the promising one and even then what seemed to be right could turn out to be very wrong.
One way to play it safe is to opt for a top international hotel-branded residence be it a condominium or a villa to ensure that one is on sound footing and the property well taken care of.
The benefits of big international brands is that one is assured of good construction quality and design, usually excellent service, have the option of getting returns from joining the rental pool and the acquisition would definitely boost one’s image.
A new investment property was recently launched in Phuket with this being branded units at Sheraton Phuket Grand Bay Resort & Residences which is located on the East Coast near Ao Po Grand Marina.
According to C9 Hotelworks, sales of prime branded units such as MontAzure Twinpalms Residences have nearly reached 50% even though the state of the island’s property market remains challenging.
While it is Phuket’s beautiful west coast beaches which made this Thai island internationally famous, some find them very touristy and prefer the sheltered and calmer east coast. They are not deterred by the beaches not being as good because life is more relaxed and it is still very much as Phuket used to be.
Ao Po, on the east coast’s northeastern point and famous for its view of the beautiful Phang Nga Bay, has other upscale hotels including Supalai Resort & Spa and Chandara Resort & Spa.
Sheraton Phuket Grand Bay Resort & Residences, being developed by Apex Group, is nestled on a 66-rai hillside plot and overlooks Ao Po, Phi Phi islands, limestone karsts and Ao Po Grand Marina.
Offered for sale are 116 one- to two-bedroom units of 53 to 124 square meters with prices starting at 8.9 million baht. C9 Hotelworks said that guaranteed yields are reportedly on offer at 5-7%.
Facilities include restaurants, lobby lounge, pool bar, swimming pool, spa, fitness, housekeeping and maintenance, reception, concierge and security service.
By Nanthida Kumari
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