Royal Phuket Marina recently announced a five-year THB 5 billion investment plan under the campaign #DestinationRPM, with the aim of positioning the Marina as a leading destination in Asia.
The plans includes two hotels, a low-rise condominium development, a first-of-its kind water facility, marina expansion and the addition of a state-of-the-art children’s Zone.
Gulu Lalvani (pictured), Chairman of Royal Phuket Marina, said: “The planned investment is part of my vision to make Royal Phuket Marina an iconic waterfront lifestyle destination.
“Under our #DestinationRPM campaign, Royal Phuket Marina will become a destination in its own right – a thriving residential and business community, and a destination that will support Phuket tourism attracting visitors from around the world.”
The real estate component of the development – La Reserve – is a modern low-rise condominium developed under the concept of ‘affordable luxury’. With 160 units in eight four-storey buildings located near the Town Square, each building has just 20 units and a private sky pool. La Reserve will cater to Phuket’s under supplied serviced apartment niche and offers an exciting opportunity for Thai and international investors with a five-year guaranteed rental return scheme.
“Phuket’s visitor demographics have changed considerably over the last 10 years. More tourists are looking to the east coast and to new destinations. Approximately 1,000 tourists and residents use the marina’s facilities every day. Our marine leisure facilities and central location makes Royal Phuket Marina the gateway to more than 30 islands all within a one-hour boat ride,” added Lalvani.
In terms of the real estate expansion, he added, “After studying the marketplace, we have identified the need for quality serviced apartments on Phuket. La Reserve condominium will cater to that niche and provide an ideal residence and investment for Thai and international buyers.”
This story was written by Andrew Batt, Group Editor of Dot Property Group. Send your news, views, press releases and comments to him at andrew.batt@dotproperty.co.th.
Three stories you may have missed from last week:
Pattaya property-plus-visa offering takes off
New Bangkok downtown condo launches up 143% year-on-year in Q1
UK property prices have risen 9,680% in 60 years
Thailand-Property.com is the fastest-growing English language website, and along with its bi-monthly magazine has the goal of being the single go-to source for property news that matters about Thailand. Sign-up today for regular updates so you don’t miss out.