Proving that there is still life in the Phuket property market, Absolute, have launched their latest branded resort – Twin Sands Resort and Spa, overlooking Tri Trang Beach, Patong.
Investing over 750m Baht into the project, Twin Sands Managing Director, Darren Judges, feels they’ve hit the market at exactly the right time despite the political situation in Thailand and the global economic problems.
“Stock of prime units in Phuket is running out, we’ve seen nothing new launched in the last twelve months which has a good ocean view and is within a minutes’ walk to the beach. Those people who are in a position to buy are struggling to find a product which fits their lifestyle and their pocket.” says Darren.
It’s fair to say that ocean view apartments are in very short supply and with the new environmental restrictions coming into place during the latter half of this year, these type of developments are likely to become even harder to find.
Darren went on to say, “‘A key market for us is Hong Kong and with the stock market flattening, bank interest rates at a low level, many Hong Kongers and expatriates are looking to overseas property to boost their investment portfolios.”
The development, located on seven Rai, (11,200m2) of prime ocean view land, in the Tri Trang area of Patong, is aimed at the mid to low end of the Phuket property market with prices ranging from 4.7m Baht to 15.2m Baht.
The location is certainly appealing, just a few kilometres from the bustling nightlife and entertainment centre of Patong, but yet far enough away to be peaceful. It’s ideal for those who want to party all night and come back to a place where they can relax and unwind.
Positioned between two idyllic beaches, Merlin and Tri Trang, Twin Sands owners can deliberate over which beach they visit, whether to spend the day lounging beside the communal pool or to take the resort shuttle bus into the centre of Patong.
Twin Sands will be built to the same exacting standards as Absolute Nakalay Beach Resort, the developers primary resort located on Nakalay beach on the outskirts of Kamala. Designs at Absolute are distinctively modern and maximise natural light with large scale windows and good use of outdoor terracing. Twin Sands Resort and Spa will comprise 46 units in the first phase, with a range of studio (50m2), one bedroom (80m2) and two bedroom apartments (120m2).
Purchasers at Absolute Resorts, buy not only due to the exceptional quality of design, breathtaking ocean views and convenient location but also because of the superb rental programme which is fully managed by the resort and guarantees owners an excellent return on investment.
Owners will also benefit from a good range of facilities which include, a restaurant and bar, pool lounge bar, fitness centre and spa as well as an infinity edged swimming pool and plenty of terraces for sun-bathing.
The newly launched Absolute Twin Sands Resort and Spa in Patong, Phuket, has sold over 60% of their inventory in record time.
Ocean Villas Group officially launched the development less than three weeks ago at the SMART International Investment and Property Expo, Hong Kong and sales have been incredibly strong. The mix of studio and one bedroom units, priced from 4,800,000 Baht, have been snapped up by eager investors who are banking on the development as a sound investment for the future, with strong rental returns and high capital appreciation.
I asked the developer why he thought sales had been so good, “I think we’ve got the mix right, we offer value for money, ocean views and are within walking distance of four beautiful beaches, yet we’re just minutes from Patong….the location couldn’t be better.”
“Our investors can be assured of high quality accommodation, sound rental returns and high capital appreciation,” he continued.
Located on Tri Trang beach, a picturesque and relatively unknown spot just south of Phuket’s entertainment and nightlife centre in Patong, Absolute Twin Sands Resort and Spa has all the advantages of being close to the centre of the action but none of the disadvantages. Owners and residents can take a shuttle bus or taxi into town or opt to spend the day relaxing at Tri Trang or one of the other four beaches within walking distance of the resort.
On completion Absolute Twin Sands will be managed by Absolute Resorts, who already have several top performing hotels and resorts in Phuket, including Bangla Suites in Patong and Absolute Nakalay in Kalim Bay. The resort will have full hotel facilities including a restaurant and pool bar, infinity-edged swimming pool, gymnasium and spa…..and the benefit of being within walking distance of several other top hotels and resorts in the area.
Investor, Brian Southall, explained why he’d bought into the project. “I’ve been looking around for a good investment close to Patong for some time but I’d not been able to find anything suitable. When I heard about Twin Sands I was impressed by the location but also by the fact that it’s managed by a well respected hotel operator, rental income is very important to me. Also, as I bought in off the plan I got a good price and I’m likely to make a good return if I come to sell in a couple of years…but I think I’m likely to keep it.”
If you’re looking for a well priced ocean view apartment within a superb resort development……with high rental yields and good capital apreciation then Absolute Twin Sands is the development you’ve been looking for.
