MontAzure, an exclusive mixed-use community project in Kamala, Phuket, was launched to overseas buyers and investors at the recent Singapore Yacht Show 2016.
The elite project occupies one of the last sizable plots of land on the island that stretches from the mountainside to an extensive beachfront site.
MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia – ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group – which have teamed up to launch Asia’s most exceptional resort residential development.
The development, which covers 73 hectares (180 acres, 454 rai) and is valued at more than S$ 500 million (THB 15 billion), and includes Twinpalms, one of Thailand’s most celebrated independent luxury resort brands, as well the InterContinental Hotel Group (IHG) which will open the InterContinental Phuket Resort in 2019.
The first phase is the Twinpalms Residences MontAzure occupies 100 metres of absolute beach frontage. It will be operated and managed by Twinpalms when completed, offering one- and two-bedroom units with penthouses having access to a private roof top. Prices range from S$ 400,000 to $ 3.6 million.
Twinpalms Residences MontAzure consists of 75 upscale branded beachfront condominiums designed by Martin Palleros of Tierra Design, which will be completed in 2018.
Pre-sales have been brisk with more than 37 percet of the units already sold, supported by the recent opening of the Sales Gallery and Show Suite.
Investors are invited to join in the management pool and benefits of a well-managed hospitality operation with attractive yields and owner usage up to 45 nights per year.
Facilities include a residents’ lobby, beach front restaurant and bar, gym/yoga studio, pool bar, spa pavilions, library and lounge, outdoor event spaces and on-site management office.
Other key components of a project located in Phuket’s most upscale quarter, which boasts Andara and Amanpuri amongst its neighbours, includes 13 ultra-luxury private hillside estate villas called The Estates at MontAzure with interiors designed by the legendary Jaya Ibrahim and architecture by Lek Bunnag.
A future hillside development, an international beach club, a wellness centre, retail space and a 32 hectare (40 acres, 200 rai) nature reserve of primary rainforest completes the project.
