Ko Samui Property

Mandalay Samui Developments, the developer of Mandalay Villas in Koh Samui, Thailand, has extended its business to include a property consultancy service.

Services offered include rental management, building consultancy, marketing consultancy, and development consultancy – which could involve bringing joint venture partners together.

“The background of this service is our strong network, local experiences, and reputation that we have built up over the last few years. Basically we provide a ‘road map’ for the potential investors in Koh Samui, whether it’s a simple villa purchase or a huge hotel development,” said Tibor Szedlak, managing director of Mandalay Samui.

Mandalay Samui, formed in 2007, also developed Mantra Samui Resort & Spa on the island.

“We are very pleased to be able to offer a select few home buyers a world-class beach lifestyle at The Estates Samui, which has been honored with numerous prestigious awards as the best property in Samui, in Thailand, and in the Asia Pacific region,” said William “Bill” E. Heinecke, Chairman, Chief Executive Officer and founder of Minor International Public Company Limited.

Owned and developed by Minor International PLC, one of Thailand’s largest hospitality and leisure companies, The Estates Samui was recently recognized as the Best Development in Thailand and Best Development in Asia Pacific at the Asia Pacific Property Awards 2010.

Thd Bill Bensley-designed architectural and landscape masterpiece is crafted from the finest tropical hardwoods to exacting specifications and reflects a harmonious blend of traditional Southern Thai way with modern luxury and style. Each of the fully furnished and ready-to-occupy villas, featuring a spacious living/dining area connecting to large pool deck via sliding glass doors, is exquisitely appointed with handpicked materials, resulting in unparalleled quality and charm

Architecturally inspired by the union of traditional Southern Thai style and modern convenience, the homes incorporate everything needed for the ultimate lifestyle; sunken dining pavilion, separate and spacious living villa, state-of-the-art entertainment and home-management technology, and even a private housekeeper.

The Estates, Samui

Residents will be able to enjoy unrestricted access to an extensive suite of amenities, including a fully-equipped fitness centre, tennis courts, library and reading room, water sport activities, a world-class spa and some of the best beachside dining options in Thailand.

Discerning residents will also luxuriate in a world of five-star services provided by the adjacent Four Seasons Resort Koh Samui – renowned for delivering the highest standards of personalised service – including all-day room service, bell attendant service, 24-hour telephone operator, cable television, 24-hour security, and housekeeping.

Thailand is the legendary home to beaches with crystal water, which in Koh Samui and at The Estates Samui will be within walking distance of the villas. Additionally, golf lovers can enjoy quick and easy access to a pristine golf course in the vicinity of The Estates Samui.

Far removed from the country’s overpopulated locations where coastal land prices are rising and prime plots decreasing, Koh Samui is projected to become one of the world’s most exclusive tropical resort destinations, where premium projects are slated to outperform coastal properties in the long term. Just 30 minutes from Samui Airport, a frequent and regular schedule of flights serviced by international and regional airlines to major metropolitan hubs such as Bangkok, Kuala Lumpur, Singapore and Hong Kong is a value-added convenience for many travelers.

Prices for the two- and four-bedroom properties range from US$3.2 million to US$4.4 million.

Vasan Khongjan, AREA managing director, said his company had completed a survey of the property markets on Koh Samui and two other major expats’ destinations — Phuket and Hua Hin — last June and found that many luxury-villa projects on the island and the other destinations were facing financial problems because of the economic downturn.

Based on the survey, there are 21 luxury-villa projects/549 units on Samui that had gone bankrupt, losing a total of Bt16.943 billion. The average price per unit of these villa units is Bt30.8 million.

The AREA report showed that 62 luxury-villa projects with 2,063 units from Phuket, Hua Hin and Samui had been closed down and had incurred total losses of Bt36.391 billion. Samui was the hardest hit among the destinations.

Hua Hin had nine luxury-villa projects/413 units closed. The projects had a total cost of Bt1.951 billion and average price per unit of Bt 4.7 million. Phuket had 32 luxury villa projects worth Bt17.497 billion and with an average unit price of Bt15.8 million abandoned.

According to the AREA survey, as much as 82 percent of the total value of the luxury-villa projects on Samui had not been recovered. There are at present 46 luxury-villa projects/1,114 units on the island valued at Bt20.673 billion, AREA said. “The Samui property market was the worst hit in the first half, as 82 percent of the property projects were inactive with no sales, activities and construction,” Vasan said. AREA said the slump in tourism since late last year contributed to the failure of property projects in the first half of the year.

As of June 30, properties offered for sale in the three destinations totaled 302 projects with 15,551 units, worth a combined Bt178.8 billion.

In Pattaya, Vason said, the market was stable as most residential units were in the lower-end segment.

Conrad Koh Samui Residences, which developers claim will be setting a new benchmark for luxury resort living on the idyllic Thai island of Koh Samui, will launch at the Conrad Hotel in Hong Kong on March 6-7.

The 32 residential pool villas are part of the new Conrad Koh Samui which will open in late 2010. Prices start at THB43.8 million for two-bedroom pool villas and THB88 million for three-bedroom pool villas.

The development is located on a pristine beach front in Phang Ka at the south west coast of Koh Samui, and is surrounded by coconut plantations with panoramic views over the Gulf of Thailand and the ´five islands´. The residences are within 45 minutes driving distance from Samui International Airport with convenient daily direct flight connections to/from Hong Kong and via Bangkok.

Villa owners, subject to relevant charges, have access to a wide range of five-star resort facilities synonymous with the leading contemporary luxury hotel brand – including world-class dining, swimming pool and signature spa, gym, secluded private beach and 5-star concierge services.

Residences, with built-up areas of approximately 390-830 square metres, are on two levels and feature striking contemporary design with subtle Thai influences. They occupy plots of approximately 480-1,040 square metres, complete with a private infinity pool and generous outdoor sun deck and lounge area.

Hillcrest Residences (Samui) Co. Ltd Managing Director Lyon Lau said: “Hillcrest is delighted to announce the launch of Conrad Koh Samui Residences. This new development introduces to Koh Samui the whole notion of the branded residences concept, offering truly luxurious and memorable getaways for today’s discerning and market-savy home buyers.”

Hillcrest has also announced the appointment of leading property agent, CB Richard Ellis, as the sole sales agent for Conrad Koh Samui Residences.

David Simister, Chairman of CB Richard Ellis Thailand, said: “Conrad Koh Samui Residences provides investors with a competitively priced opportunity to buy into one of Asia’s leading resort locations. With construction already under way, it’s a superb investment opportunity that aims to set a new benchmark for luxury resort living on this increasingly popular Thai holiday island. Now is the right time to invest in Thailand and this is one of the most beautiful spots on the island, with panoramic views of Koh Samui’s magnificent sunsets,” added Mr Simister.

Villa design is by leading Singapore-based architects Eco.ID, who styled the Metropolitan Bangkok and the W Maldives. Interior design is by Wilson Associates, designers at Conrad Bangkok and Banyan Tree Bali. Construction is by globally renowned Australian builders Leighton Construction.

The developer is a Thailand-incorporated property development company and a joint-venture, of which the Hong Kong-based Hillcrest Capital Ltd. is a partner, and who brought in its expertise on high-end developments in both Hong Kong and Singapore.

SOURCE: Property-Report

It will be the bank’s first asset in Thailand to be sold as an open-market transaction since the giant Wall Street investment bank collapsed in late 2008.

Binswanger Brooker (Thailand), a property consultancy, has been reviewing Lehman’s local assets for the past three months as a consultant for potential investors. “[Lehman Brothers] assets that we’re looking at mainly are hotel and hospitality businesses,” said Nigel Cornick, CEO of Binswanger Brooker (Thailand).

“We have studied the opportunity for our clients to buy debt or stakes held by Lehman Brothers.”

Baan Taling Ngam Resort was one of four assets Lehman Brothers (Thailand) purchased from listed developer Natural Park Plc’s subsidiary Pacific Assets Plc in October 2005 in a transaction totalling 3.22 billion baht.

Lehman Brothers (Thailand) also owned two leasehold office buildings – One Pacific Place and Two Pacific Place on Sukhumvit Road – as well as Pantip Court Executive Residence on Sathon Road and Le Royal Meridien Phuket Yacht Club in Phuket.

Lehman’s investment in Thailand totalled about US$1 billion, representing about 0.33% of worldwide assets of US$300 billion, said Mr Cornick.

Assets Lehman Brothers jointly owned with partners included the Mercury Building and the Ital-Thai Building.

Lehman Brothers was also a creditor of three companies – Natural Park Plc, Grande Asset Plc and Central Group. The bank’s debt to Raimon Land Plc has been settled, he said.

“We are also taking a look at a few listed property firms to see whether there is any chance to buy stakes,” said Mr Cornick, who joined Binswanger last July.

“Most listed property firms are in a good shape now but only a handful of them need debt restructuring.”

Binswanger’s recent activity includes acting as a consultant to the buyer in the acquisition by investor Well Base Development Limited of 156.36 million shares of Golden Land Property Development Plc (GOLD) last month, which accounted for 24.82% of the company.

On Feb 3, Chan Bulakul, as a representative of Well Base, was appointed as a member of GOLD’s executive committee.

Mr Chan is major shareholder of the MAI-listed Brooker Group, which holds 60% in Binswanger Brooker (Thailand). The remaining 40% is held by Mr Cornick.

Binswanger Booker is involved in a deal worth 3 billion baht for Thai investors looking to acquire entities, stakes, debts and properties. The company expects to close the deal within six months.

The firm was established four years ago by the Brooker Group with a registered capital of 7 million baht. It advises clients from the United States and Japan that want to buy, sell or rent industrial estate.

The company has been advising a manufacturing company seeking to sell a factory and an automobile-related firm that may sell a factory in Thailand.

The company also advises Thai clients on real estate investments, asset acquisitions and re-developing properties.

Ownership will include the same level of indulgence and modern living in an enviable location with world-class design, service and access to the hottest and latest in town, whether it be entertainment, fashion, cuisine, design or music as W Hotel guests.

W Retreat Koh Samui and The Residences at W Retreat Koh Samui also represent the first retreat and residential project for W Hotels in Southeast Asia. This oceanfront landmark is set to inspire jet set guests and locals alike with spectacular design that sets the stage for W Hotels’ fully integrated contemporary lifestyle experience. The property comprises 17 branded residences as well as the hotel comprising 75 villas – W Retreat Koh Samui.

Owned and developed by Amburaya Hotels & Resorts and Istithmar World, The Residences at W Retreat Koh Samui, Thailand, along with W Retreat Koh Samui, will bring a new dimension of cutting-edge design, contemporary lifestyle, modern comfort and a new level of indulgence to Thailand. W Retreat Koh Samui is targeted to open in spring 2010.

“The Residences at W Retreat Koh Samui will appeal to discriminating homebuyers who are style conscious global jet setters and avid trend seekers on the trail of what’s next, those seeking to be wowed by the finer things in life – particularly those inspired by the W brand’s unique mix of contemporary cool design, modern comfort, and innovative style,” said Sunny Bajaj, Managing Director of Amburaya Hotels & Resorts. “This includes everyone from busy executives, those looking for a weekend or holiday home to early retirees with time to appreciate Thailand and Koh Samui’s culture, cuisine, sun, sea and sand.

“Koh Samui is also the first destination in Thailand to offer Residences under the W brand, which have become the ultimate expression that our guests want to live with us 24/7, checking-in and never needing to check-out,” added Bajaj.

Among the many distinguishing characteristics of The Residences at W Retreat Koh Samui is its prime location on a stunning 900 meters shoreline, surrounded by verdant foliage. The Residences at W Retreat Koh Samui adjoin the W Retreat Koh Samui at Maenam Beach on the island’s sublimely beautiful north shore — arguably the best location on Koh Samui, given its secluded beach and interesting topography — providing all residents and guests with excellent views.

The Residences at W Retreat Koh Samui offer owners a combination of stylish beachfront villas, ranging from three to five bedrooms and from 1,000 to 2,752 square meters. Each residence is a study in tropical Zen style with exotic touches, and each offers full access to the signature W comforts, services and amenities available to hotel guests of the W Retreat Koh Samui.

Koh Samui is renowned as one of the best places in Asia to live and retire to. The exchange rate allows anyone with a decent retirement fund to enjoy high-end luxuries. Temperatures generally range from 26 to 33 degrees Celsius year round. Thailand is home to beaches with crystal water, which in Koh Samui and at the W Retreat Koh Samui will be within walking distance of the property. A golf course can also be found in the vicinity of the Residences.

W Hotels currently operates 35 hotels and retreats around the world.

Ko Samui Property

New market investors have gone some way to sustaining the (albeit low) volume of sales and although a once steady flow of potential buyers is no longer guaranteed, those with deep enough pockets have continued to push forward. “Our Horizon Homes project has moved along at a rapid pace,” said Alex Armitage, managing director of Horizon Group. “All the infrastructure is now finished and there will be 15 villas fully completed by March 2010. We have seen a big pick up in sales over the last 4 months compared to a year ago.”

This positivity is echoed by several other developers on the island. Porawan Piyakraivudh, a partner behind the Infinity Samui project, which is 80 percent sold out and due for launch in March, believes the worst is over. “We have seen the market stabilise in terms of demand and supply, which indicates that it is ready to pick up anytime.” he said. “There is undeniably a lack of completed new supply in 2010 and 2011, following a series of withdrawals and suspensions of projects on the island. This provides a platform for the Samui market to grow and new entrants have to be more creative to draw new demand into their products.”

The Samui property market managed to avoid total meltdown thanks to a strong and diverse regional investment network. Physical and financial connections with Hong Kong and Singapore continue to drive the private villa market, while a rise in the number of Asian and Eastern European visitors has helped many hotels survive the crunch.

Economic concerns certainly caused a reduction in the number of visitors to Koh Samui this year, with some hotel occupancy rates down by as much as half. But as a result of the slowdown, room prices were cut and deals offered for the upcoming January to March high season. In some cases these represent discounts of 30-40 percent and tourism operators have already reported increased demand for Samui from places like Germany, Russia and Scandinavia. The Tourism Association of Koh Samui forecasts 1.1 million foreign visitors will arrive on the island in 2010, generating a revenue of Bt12-13bn.

More than 20 new properties, with over 1500 rooms and 300 plus villas have been, or will soon launch on Samui and these include several major international brands. “Koh Samui remains a focus for hotel chain investment,” said Gary Pearmain, CEO of Project Pacific Group. “Most of these brands have chosen to develop mixed usage properties where investors can purchase a private villa in the grounds of a 5-star branded facility. The future of the island in many respects is already secure, as the five star brand investment continues to attract new and return visitors alike, which will drive the demand for private second homes.”

Such options will certainly appeal to investors in search of guarantees during uncertain times and the larger, corporate chains are keen to take advantage of this. Conrad Samui Residences is one major project going ahead full steam which is expected to be completed by the end of the year. The development comprises a 65-key hotel plus 32 residential pool villas, ranging from two to three bedrooms and situated on 63 rai of beachfront land in Phang Ka, on the southwest coast. Owners will have access to a range of Conrad Koh Samui’s resort facilities and a secluded private beach.

W Hotels is another big name brand almost ready to launch residential options on Samui with a full scale resort, plus four private villas scheduled to launch in April. The development is located on a 65-rai headland site between Maenam and Bophut and sets new price points for Samui’s luxury villa market, with pre-launch prices starting from US$1.95m. Owners will enjoy added lifestyle benefits such as 24-hour concierge services and in-residence dining, grocery shopping and delivery, not to mention private in-home catering and personal chef services.

The first wave of second home investments on Samui pushed the island close to the top of the private villa destination list in Asia. With around a hundred luxury residences now completed, many of them available as holiday lets and more rolling out in the coming months, the options for pampered tropical living are tempting and varied. Individual investors seem to be raising the bar ever higher, and some of the latest additions to the scene can only be described as super villas. “We have recently added some impressive properties to our management portfolio, some for sale, others as holiday rentals,” said Marc Ribail, COO for Samui Villas and Homes. “New villas like The Cove, an exclusive property in Choeng Mon, give new meaning to the term Resort Residence. It´s totally exceptional and offers everything that a 5-star resort can, and more.”

YL residence No.17 is another example of a Samui super-villa. An expansive 10-bedroom, gated, private resort-style residence on the south coast with a full suite of facilities and activities, as well as an onsite restaurant, pool, bar, games room, club house and entertainment centre.

Communications Director Desmond Skene Catling believes properties such as this will draw increasing interest in 2010. “Samui now attracts plenty of global attention and thanks to its coastal geography can also offer a number of impressive and exclusive beachside options,” he said. “YL Residence caters to an elite international clientele in search of absolute privacy, luxury and bespoke services. The size and scope of the property also means it appeals to corporate clients for events and this is certainly is an expanding market on Koh Samui.”

In order to service and build on this high-end investment, the local authorities on Koh Samui are taking a long, hard look at infrastructure issues. With a new team in charge and better budgets promised from Bangkok, work is already being carried out that will see major improvements to public roads, the water supply and waste management systems.

Muensilp Poolsawat, advisor to the Mayor´s office, believes 2010 marks the beginning of a new era for the island, with a more sustainable and considered approach to development that matches Samui´s international status. “The government is fully aware of the need for better standards and services to support the island´s growth and to realise its full potential,” he said. “Plans and projects are already under way, including laying tarmac on the roads and improving drainage systems to reduce flooding in certain areas. But it is also important to make sure that the local population benefits from change. It is not only about building new structures, but also new relationships to guarantee common goals.”

SOURCE: Property-Report

Modern Living by the Water
The resort promises a journey of stimulating hospitality touching all the senses. Your arrival will lead you through a walkway of waterfalls after which you will be greeted by breathtaking views of the sea from the raised lobby. Here, signature scents waft on the breeze, while a DJ gently sets the mood with cool vibes, easing you into your vacation. The DJ vibes will permeate the resort from the lobby to the pool, creating a subtle energy that will beguile guests throughout the day into the night.

In addition to the sea view restaurant and poolside Splash Bar, the property will pioneer the concept of ubiquitous or borderless dining outside of a traditional restaurant setting. Perfect in-the-moment romantic dinners will be intimately served in specially-designed dining retreats scattered in the grounds or on the alluring sala in the sea without another soul for 150 metres. Wherever you choose, the setting will always be perfect and memorable.

With two piers extending 150 metres out to sea which end in a secluded sala or an ocean pool, guests can happily dive into the waters to cool off or enjoy invigorating water sports. Alternatively, they can simply lie on the sala decks working on a tan while sipping their perfectly chilled daiquiris and martinis.

A getaway with friends takes on a hip new dimension when you can have your own private pool party every day. The resort features suites clustered around cool communal pools which can be reserved exclusively for group stays or you can stay perfectly romantic with you partner in seclusion in one of the beachside individual pool villas.

Meanwhile, Chuan Spa will be introduced to Samui bringing a signature range of pampering spa treatments based on the principles of Traditional Chinese Medicine (TCM) while introducing new Thai Traditional Medicine-based treatments for the first time.

“I am delighted to announce our expansion into Samui. CB Richard Ellis is confident in the sustainable growth of the Thai resort property markets. Despite concerns over the current political situation, CB Richard Ellis sees a consistent and strong demand for resort properties, particularly Phuket and Samui as inspirational tropical islands,” said Mr. David Simister, Chairman of CB Richard Ellis Thailand. In the past two years, Samui has experienced a significant growth in the number of visitors and more importantly the island is attracting a higher calibre of tourists. The number of passenger arrivals to the Samui airport has increased from only 600,000 in 2000 to 1.3 million last year.

The island’s accessibility has improved with Bangkok Airways’ route expansion. The airline now operates daily direct flights to Singapore and Hong Kong which has contributed significantly to the growth of the Samui real estate market. These flight connections to the island allow property owners to commute conveniently between their work place and holiday homes in Samui, with greater convenience than Phuket. There are also two daily connecting flights to Phuket. The new airport terminal in Samui which recently opened at the end of May has increased the airport’s capacity by four times, allowing for significant growths for the future.

In addition to regular flights, there is also an average of 22 chartered private flights which land in Samui every month, part of which are private jets owned by individual property owners. Samui is clearly attracting its share of the ultra rich.

Whilst the Samui property market and infrastructure is not as mature as Phuket, it is an improving market which is attracting reputable developers. The high demand for beachfront land in Samui has resulted in land prices up to 14 to 15 million Baht per rai, a level that is similar to parts of Phuket. A shortage of good beachfront land has increased the number of hillside developments which offer stunning views of the Pha Ngan islands and marine park. Traditionally, the Samui market has focused on villa developments; today we are seeing the start of a condominium market with good quality projects being launched. Whilst the condominium sector in Phuket is priced below villas, it has performed consistently and we expect the same from Samui.

CB Richard Ellis Samui office will be a full service office providing residential sales, investment and land services, research & consulting and valuation services. The office will be fully supported by our regional offices in Asia and will be part of our business plan to roll out a high-end luxury properties platform. Ms. Prakaipeth Meechoosarn is the newly appointed Samui Manager. She has successfully led the CB Richard Ellis Phuket Residential Sales team since the opening of CB Richard Ellis’ Phuket office in 2004 and has worked on various high-end projects in Phuket including Sri Panwa, Laemsingh Villas and Barama Bay.

“Although 50% of the villa developments in Samui are in the USD 1 million and below price range, we are spotting an emerging market for top-end villas which achieve prices in excess of USD 2 million. There is a clear demand for properties in this price range and Samui can reach the same price points as Phuket for top quality schemes,” said Ms. Prakaipeth.

W Residences, CB Richard Ellis Thailand’s principal sole agency in Samui is expected to set new price points on the island. These are the first ever W villas for sale and are expected to be launched later this year for USD 3-6 million. Developed by Amburaya Properties and Istithmar, Dubai, the project will set new standards of luxury in Samui. The quality of the scheme is endorsed by the modern luxury of W Hotels and its prime headline site between Maenam and Bophut. These 3 to 6 bedroom villa residences are set to attract interest from CB Richard Ellis’ global buyers. The Residences will be fully managed by W Hotels and will have full access to all W resort facilities.

“It is clear that Samui is trending up market similar to Phuket. However, the choice between the two islands remains a personal choice rather than a value choice as both destinations are drawing interest from high net worth individuals on a global basis,” said Ms. Prakaipeth.

CB Richard Ellis’ success in the Thai property comes from our in-depth knowledge of the market. Superior market knowledge is the key to delivering cutting edge services including valuation, research & consultancy and ensuring good quality sole agency projects are successfully launched and sold out. On our sole agencies, CB Richard Ellis spends many hours developing and advising on design issues with clients and their architects.

“The new office will certainly strengthen our competency in research, consultancy and valuation & advisory services. Our presence in the market will position CB Richard Ellis as a professional consultant in Samui and will keep us on par with the latest market information,” said Mr. Annop Sangprasit, Executive Director, Head of Research & Valuation Services at CB Richard Ellis.

The Samui office is part of CB Richard Ellis’ roll out of comprehensive resort services. “We are also delighted to announce the opening of the Pattaya office in October where CB Richard Ellis has secured sole agencies for The Chateau and White Sand Beach,” said Ms. Aliwassa Pathnadabutr, Managing Director of CB Richard Ellis.

Despite Thailand’s short term political situation, CB Richard Ellis is investing in the market’s continued growth and with the approval of the constitution and forthcoming elections see opportunities for an upswing in the property market in 2008. Having successfully marketed many high-end developments in Bangkok, Phuket and Pattaya, CB Richard Ellis is confident that we will be making a beneficial contribution to Samui’s property market.

Author Information

Ngamjai Jearrajarat
CB Richard Ellis (Thailand)

Mandalay Garden

The Developers are delighted to see that the project is going ahead of schedule where progress is significant. The show unit is ready for Mandalaygarden future residents and unit owners to view – where it will provide visualization of what they can do with their own units. The highest international standards were used to meet the expectations of our clients.

The
Mandalaygarden apartment project is located in Koh Samui, Thailand, set not far from Cheong Mon on the hillside. It is only 800 metres from the beach, with many of the apartments having spectacular sea views. It is indeed a fully flexible vehicle and as a lifestyle investment gives its owners the best possible advantages, having the special feature of a branded hotel management by Astudo.

There are 9 different types of 1 bedroom units ranging from 50 Sqm to 90 Sqm. Prices start from 3.49m Thai Baht. There is the possibility before construction commences of combining 2 or more units to create 2 or 3 bedroom apartments. Each unit also has a balcony, and ground floor residents will have direct access to the swimming pool, as well as gym and spa facilities for equipped with the most innovative exercise equipment. Meeting the highest international architectural specifications, each of the 39 units is fitted with the most contemporary, high-end kitchen appliances, lighting and other fit-outs. On site facilities will include 600sqm swimming pool, restaurant, pool bar & grill, fitness centre, massage and spa, designer shop, and services such like business centre, car rental, room service.

Investment returns are not guaranteed, but with a 35% occupancy level are anticipated to reach 6 to 8 % at a 3,600 Baht a night average rate. Each Owner has the option to participate in our Rental Program that will be managed by Astudo, through under its luxury residence brand “Le Bayburi”. This Rental Program has been created for all those Owners who wish to buy their property as a form of investment in addition to utilizing the property for personal pleasure.

SOURCE: www.pr-inside.com