Phuket’s Laguna Shores Draws Keen Response from Buyers

Phuket’s Laguna Shores Draws Keen Response from Buyers

Phuket’s Laguna Shores Draws Keen Response from BuyersLaguna Property, Phuket’s largest developer of high-quality resort residences, has begun selling units in the third wing of its landmark Laguna Shores affordable holiday apartment development, just three months after launching the project.

Almost 120 Laguna Shores units – more than 50 per cent of the total 229-unit building – have been reserved since its market debut on 15 December 2012.

The stylish one-and two-bedroom apartments, ranging in size from 40 to 88 sq.m., have various layouts utilising thoughtful use of space, and prices starting at

THB 3.7 million.

Laguna Shores will be built on a lagoon view site at the heart of the Laguna Phuket destination resort and provide owners with access to a range of the resort’s renowned lifestyle benefits.

Buyers who have reserved apartments represent a broad range of nationalities with British, Russian, Thai, Singaporean, Australian and Chinese being the main buyers. Seventeen per cent of the buyers are existing Laguna Property owners

“We’re delighted that Laguna Shores has received such an enthusiastic response from buyers who clearly recognise the secure investment and lifestyle qualities this development offers,” said Stuart Reading, deputy managing director of Laguna Resorts & Hotels.

“It’s very pleasing that our decision to proceed with Laguna Shores, which represents a new direction and character for our property portfolio, has been vindicated by this positive response.”

The apartments are sold leasehold and will be made available in a rental pool managed by a new brand under the prestigious Banyan Tree Group. Investment and lifestyle rental programmes provide maximum flexibility and choice to investors.

Construction of Laguna Shores is due to begin during the second half of this year, with completion expected in 2015.

Show units of three different apartment layouts are on display in Laguna Phuket’s Canal Shopping Village.

Laguna Property has sold nearly 800 properties to date, with numerous phases of developments sell-out successes. Its other branded luxury properties available include Banyan Tree Residences, Dusit Thani Pool Villas, and Laguna Village.

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