Thai-Chinese Property Holdings joins hands with Aplan Properties in the launch of an upscale property Radisson Phuket Mai Khao Beach, located on one of Phuket’s most sensational beaches, Mai Khao Beach. Under the Radisson brand.
Thomas Darby, Property Manager of Aplan Properties, announced his signing with Thai-Chinese Property Holdings in the development of Radisson Phuket Mai Khao Beach, which will be operated to cater to the upscale market segment. The units at this property will be put into a mandatory rental program, with the sale and marketing of the individual units to be managed by DMRD Asia, while the operations of the property will be managed by the Radisson Hotel Group. This will be a worthwhile investment opportunity for prospective investors, while also being a perfect vacation spot for travelers. Currently, the project is undergoing an Environment Impact Assessment (EIA), and the construction is scheduled to commenced in the first quarter of 2020 and complete within 2023. Sales gallery will be open to the pubic in December this year.
Situated on a private and seclude beach but highly accessible being only a 15-minute drive from Phuket International Airport. With over 4-rai (8,000 square meters) and a total usable area of 14,000 square meters, the project consists of 8 low-rise buildings, featuring 222 contemporary rooms and suites (110 units for ownership), offering freehold ownership to foreigners. It is licensed as a Commercial Condominium.
Offering various functional guest rooms, ranging from Deluxe Sea View Studio (41 square meters), Premiere Pool Access Suite with direct access to the pool (47 meters), to Grand Sea View Suite with Private Pool, which is as large as 132 square meters, 24/7 dining options, restaurants and bars, fitness, spa, traditional sauna and steam room, rooftop swimming pool and lounge.
“We are confident that Phuket still owns great potential as a travel destination because of its exceptional beaches, attractions, arts and cultures, and local charms. Being a Chinese organization ourselves, we are more than confident that our collaboration with professional business alliances as Aplan and Radisson Hotel Group will surely attract Chinese and Southeast Asia investors and visitors”, said Dr. William Lau from Thai-Chinese Property Holdings.
“More than being an upscale project, having a well-reputed developer and superb location, investors are now seeking projects that fit various lifestyles to ensure significant yield. Real estate projects these days, therefore, need to be adaptive and answer to various demands of consumers. Radisson Phuket Mai Khao Beach manages to bring all of these essential components together, plus its rare and strategic location right on the beach. Above all, Radisson is a world-renowned brand. It is well received globally, specifically in India and China, both of which are our main targets in terms of investment and tourism, while Thai investors are also one of our potential markets”, said Marciano Birjmohun, Managing Director of DMRD Asia.
Starting price is estimated at THB 7.2 million with freehold ownership and upscale operations. Investors are guaranteed a 6% yield in the first three years. From the 4th year onwards, a revenue sharing model will be designed for buyers, projecting a 5% net yield annually.