Phuket’s beachfront condominium MontAzure, showcased the first phase of its development, The Residences at MontAzure, to Chinese property buyers and investors at the recent Smart Investment and International Property Expo 2015 in Shanghai earlier this month, together with its Chinese partner ArchCapital.
The resort and residential development taking shape on the last big absolute beachfront location on Phuket, ranges over an entire mountainside and valley at prestigious the Kamala Beach.
Three of the region’s top blue chip hospitality and property investors are involved in the project. The other two partners are Narai Group (Thailand) and Philean Capital (Singapore), part of Pontiac Land Group – who have teamed up to launch what will they claim will be Asia’s most exceptional residential resort development.
ArchCapital, which has offices in Shanghai and Hong Kong, invests significant capital in China, with prestigious projects throughout the country as well as developments across Asia, spanning Hong Kong, Macau, Singapore, Bangkok, and Phuket.
MontAzure’s Managing Director, Roland Bleszynski, said: “We are offering a very exclusive, cultured and original resort project for Phuket and we were delighted to work with ArchCapital and offer a high level of confidence to Chinese buyers.”
Martin Palleros, the master planning maestro who marries architecture to landscape seamlessly as a result of extensive experience in both disciplines is the designer of The Residences at MontAzure. There will be 75 contemporary tropical beachfront residences, and Palleros has already left his stamp on Thailand in the shape of Phuket’s award-winning Twin Palms resort and residences and Baan Yamu, as well as The Chedi, Chiang Mai and The Metropolitan Bangkok.
Also premiered at the event was The Estates at MontAzure, 13 ultra-exclusive and exquisitely refined hillside villas designed by legendary interior designer, the late Jaya Ibrahim, and the father of Thai contemporary architecture, Lek ‘Mathar’ Bunnag.
The Residences and The Estates at MontAzure represent the first phase in the unique, master-planned MontAzure community, close to Phuket’s famed ‘Millionaire’s Mile’ and the ultra-luxury Amanpuri and Andara resorts. The development will feature a range of one- and two-bedroom units, with unique penthouses that include private rooftop pools and gardens in a low density, low rise and intelligently designed series of condominiums, ranging from entry level units from THB 8 million (RMB1.5 million to penthouses priced at THB 93 million.
Construction will take 24 months from breaking ground, which is planned for Q4 2015. Completion is scheduled for the end of 2017.
The Residences at MontAzure are sold as registered condominiums under the Condominium Act of Thailand. As such, 49 percent of the sellable space is offered to foreign buyers with a foreign freehold title with the remaining 51 percent offered either as Thai freehold or foreign leasehold titles.
