C9 Hotelworks launches beachfront investment opportunity in Phuket

Asia-Pacific

Discerning property investors pursing opportunities in Phuket’s booming luxury apartment market have been afforded a perfect opportunity with the official launch of the opulent…

Discerning property investors pursing opportunities in Phuket’s booming luxury apartment market have been afforded a perfect opportunity with the official launch of the opulent Movenpick Residence Karon Beach Phuket.

Bill Barnett, Managing Director of C9 Hotelworks, who is responsible for the development and marketing of the Movenpick Residence, says 30 brand new 125sqm two-bedroom apartments – for sale individually – make up the Movenpick Residence which is set on 2.5km of pristine white sandy beach, offering unhindered views of the Andaman Sea.

The low-rise development is only three floors high in keeping with the property’s intimate atmosphere. The Movenpick Residence Karon Beach Phuket will be managed by the adjoining Movenpick Resort and Spa Karon Beach Phuket, and the internationally renowned Movenpick hotel group will be responsible for the day-to-day operations of the Residence.

Movenpick’s management of each investor’s apartment makes this project the only internationally-branded and managed beachfront investment opportunity in Phuket and also affords investors a larger rental pool being part of a global hotel reservation and booking distribution chain.

C9 Hotelwork’s Mr Barnett says with the combination of an established international brand managing the apartments, a beachfront location and double-digit capital appreciation in Phuket since 2004, investors can expect a healthy six to eight per cent return on their investment annually.

“Initial international response to the Movenpick Residence Karon Beach Phuket has been most positive because due to the multiple advantages a project of this scale and quality brings,” Mr Barnett says.

“The Phuket property market is as robust as it has ever been with many major institutional investors entering the sector and this, combined with a boom in the Phuket travel market, points to internationally managed apartment ownership being a sound investment choice. The fact that the Movenpick Residence Karon Beach Phuket has a beach front location – along with all of the advantages of being a component of a major luxury resort – makes this investment opportunity just that bit more enticing.”

Residence investors – apart from solid investment returns – are entitled to 60 days accommodation free per year in their apartment with full access to all luxury facilities contained in the adjacent Resort, including the vast spa complex, food and beverage outlets and all recreational facilities.

The apartments start for sale at 13 million Thai Baht. Designers and architects of the Residence have created a distinctly Thai tropical ambience to the property which also boasts one of Phuket’s most serene tropical gardens whilst all rooms contain the latest in contemporary Thai furniture along with modern electrical appliances and internet access.

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