Two new condo developments are going ahead in the Layan Beach area of Phuket’s up-market west-coast beach strip. And there’s another one underway next to the Dream Beach Club at the northern end of the Layan beach strip. All in all, another 1,200+ keys added to the available rooms along the Bang Tao/Layan Beach area.
On the northern side of Bangtao Beach, next to Maan Tawan and nearby Banyan Tree Phuket is the upcoming Sunshine Beach development. With a plan for 771 hotel and residences units on 12.6 rai, the high-density project is targeting Mainland Chinese buyers with pricing points reportedly starting from 4 million baht. Construction is expected to start in June of this year and complete in 2022.
From our discussion with sales staff the developer has claimed they have reached an agreement with the government for beach fronting facilities in the National Park strip in front of the project.
While in Layan next to Lotus Gardens is the upcoming 400 unit Layan Green Park. Pricing points run from 2.5 million baht. Unit configurations will range from studio, to one, two and three bedrooms. Guaranteed returns of 10% for a period of 10 years are being promoted.
Phuket’s Layan area is seeing a surge in new real estate led projects and rising land values. At the same time as these two projects are underway, next to the Dream Beach is an oceanfront luxury project promoting sales of Grand Beach Villa and Ocean View Suites tagged as ‘N5’. The developer of the project is VIP Thailand who have another project in Rawai.
Based on our research the primary source market tragets of these three projects are mainland Chinese and Russian buyers. Local concerns in the Cherngtalay area over mounting traffic, water shortages and strain on municipal infrastructure are becoming issues.
Traffic in and around the central Cherngtalay shopping district is becoming increasingly clogged with little hope for respite other than improved traffic management.
Courtesy: Published at The Thaiger on January 18, 2020 by C9Hotelworks.com