Minor International, together with Japan’s Kajima Corporation, have launched a new superluxury resort in Phuket’s Layan Bay. Kiara Reserve will contain 17 villas and 25 condominiums with the latter allowing for foreign freehold ownership. The project is slated for completion in 2025.
Kiara Reserve will be part of a large complex also containing Layan Residences by Anantara and Avadina Hills by Anantara along spectacular beachfront land on Millionaire’s Mile. Owners can enjoy resort-inspired residential management in addition to one of the island’s most sought-after locations.
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“In addition to a lifestyle and ownership experience unmatched anywhere else on the island, Kiara Reserve offers discerning buyers an opportunity to invest in luxury real estate in one of the region’s strongest second-home markets,” Micah Tamthai, COO of Lifestyle and Real Estate at Minor International, detailed.
He continued, “Minor International’s and Kajima Corporation’s joint commitment to developing Layan Bay as a world-class destination, coupled with the rising global demand for nature- and wellness-centric resort residential products, will place owners of Kiara Reserve in good stead to capitalize on future gains for many years to come.”
Residence sizes at Kiara Reserve range from 251 to 829 square meters with each one containing three or four bedrooms and a private pool. Additionally, every unit boasts generous outdoor space to ensure the ambiance of Phuket, from sunlight and views over the treetops into the hills to the gentle sea breeze, can be enjoyed in all its splendor. Prices start at THB34 million.
Phuket’s high-end residential segment remains the island’s most in-demand with the focus being predominantly on villas. Research from Dot Property Group found that foreign buyers accounted for 57.5 percent of all demand for Phuket housing in 2022. This group was focused on the high-end market with residences priced at THB10 million and above seeing significant growth throughout 2022.
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