Press Release: Mangosteen Suites Estate & Pool Villas
“Phuket’s Best Lifestyle Investment”
Phuket’s booming property scene is set to flourish further with the announcement of the unique, seaview Mangosteen Suites Estate and Pool Villas at picturesque Rawai on the island’s far south. Under development and management by the Phuket-based owners of boutique Mangosteen Resort and Spa, the project construction will commence in May 2006.
The fully-managed apartments are complemented by a village ambience complete with breathtaking sea and island views from Koh Bon to Koh Racha, a large courtyard swimming pool, restaurant, bar, bakery, delicatessen and mini-mart. Residents also have full access to facilities at the adjoining resort, including restaurants, pools, fitness centre and spa.
Mangosteen Suites co-owner and developer Hajo von Keller says he searched far and wide for the finest tropical homes architect. Designed by eco-friendly, South-East Asia based, English-trained Gary Fell of GFAB Architects the concept is spacious, open-air living reflecting the lush, tropical environs of Phuket whilst achieving design elements that contribute to the comfort and efficiency of the dwelling.
One unique, environmentally friendly detail of the 4 x one-bedroom residences, 18x two-bedroom, four-tier Mangosteen Suites apartments and two penthouses (both sold) is the use of reflecting pools to form the roofs of buildings, lowering internal temperatures by 5 degrees Celsius. A discreet central air-conditioning system allows for zero air pollution at the estate.
“The Mangosteen Suites will have the highest quality building materials, fittings and equipment available. As owner and developer of the project and adjoining resort, our team sourced the best products available world-wide and the construction is contracted to one of the most reputable firms in Thailand,” says Hajo Von Keller.
Investors of Mangosteen Suites managed apartments are able to vacation for up to 60 days yearly under the management contract with a gross variable 9-13 percent rental return – depending on term of owner occupancy (annual rental return of up to 7 percent is guaranteed). Rental of apartments, for a compulsory minimum of two years, is through the existing 5-star Mangosteen Resort marketing program. As innovative market leaders, Mangosteen Suites has no rental pool but separate rental accounts for each apartment. The estate offers 5-star quality and maintenance with a low common area maintenance fee. Sale prices include all furniture and equipment for the rental scheme. Leasehold and freehold contracts are available.
Nick Anthony, of Phuket-based resort and lifestyle property specialists
Indigo Real Estate, reports high demand for managed estates this past
year as buyers seek solid management to market their properties internationally.
Importantly, and unusually, Mangosteen is offering a guaranteed initial
yield ensuring that the initial start-up period is profitable for owners,
a big plus.
“The returns generated by resort properties historically have been double
the yield offered by stand alone villas with none of the property management
headaches, clear accounting, quick re-sales and full hotel and concierge
services whilst staying there…possibly the perfect beach investment,”
says Nick Anthony.
Mangosteen Resort developers will also commence construction soon on the Gary Fell designed Bali-style Mangosteen Pool Villas – a total of 28x two-and three-bedroom villas ranging in size from 200-250 sqm, each set on 650sqm, all with private swimming pool. Four larger land plots have been reserved for individual designer villas.
“We believe these high-quality lifestyle estates are the future of Phuket and we are offering our investors the best possible quality investments for their own futures,” von Keller adds.
Mangosteen estates are ideally located in Phuket’s south at Rawai, set on a high hillside with sought after south-eastern sea views of beautiful Phang Nga Bay – a boating, snorkelling and diving playground of idyllic islands and coral reefs. The area offers Phuket’s best beaches, scenery, restaurants, bars and is only 20 minutes from the major shopping facilities of Phuket City and 40 minutes from Phuket International Airport.
Prices start from US$328 000
Further information on these properties, as well as other opportunities,
are available from Indigo Real Estate
Telephone: +44 (0)20 7358 4200
Email: ann@indigore.com
www.indigore.com
Notes to the editor: Indigo Real Estate was established in 2002 by Nick
Anthony. Nick has been in Asia since 1991, principally Hong Kong and
saw the need for a luxury residential agency focusing on lifestyle properties.
After a successful career as a stockbroker he formed his own investment
banking group, Indigo Capital in 1997, working with Asian Hedge Funds
and Entrepreneurs across Asia to raise capital, start new funds, build
businesses and structure international operations before moving to the
beaches and turquoise waters of Phuket.
Indigo Real Estate is SE Asia’s premium lifestyle property company and
has built a strong reputation for its straight forward approach and its
commitment to developing international partnerships of the highest calibre.
By Kerrie Hall for Indigo Real Estate
Southern Surprise
By Nick Anthony, Indigo Real Estate
Firstly a confession: I am well known as a crazy traveller and have scoured
the world numerous times in search of holy grails and the ‘new new thing’,
but being a Surin beach-based guy and preferring an old army jeep over
more modern and efficient means of transportation I travel to the south
of Phuket as infrequently as possible.
Yes, it has also been a bias, but I now publicly admit that I have overlooked some very positive developments that have swayed my now positive views. Historically (1980s) getting south of Phuket was pretty arduous; the roads were awful and it became a hotel and holiday destination with few international residents. Fast forward to the 1990s and Kata/Karon boomed with hotels and international holiday-makers. Swarms of restaurants and bars sprang up with all of the associated service businesses and the area boomed.
New roads were cut through the island’s core making travel times quicker and with it more residents moved in. Most hotels were decent 3-4 star establishments with a few old 5-star favourites like The Boathouse, Mon Tri’s and Le Meridien.
Fast forward into early this decade and enter ‘Katamanda’, which set about reversing this trend with quality and design targeting higher end clientele and fed off the success of hoteliers like neighbouring ‘The Boathouse’ that brought in high spending expats and the Hong Kong crowd. Katamanda also was a pioneer in selling luxury residences and launched at a time when there were virtually no west coast residential estates. Today a new trend is quickly emerging and has the potential to rapidly change the nature of the South of Phuket - Kata, Karon, Rawai and Cape Panwa - in just a few years. It’s moving upmarket.
A new four-lane highway through the island’s middle is well underway easing the bottlenecks around the Central department store; seaplanes, choppers and boats all now ply the area; and there are a number of new 5-star hotels either planned, built or under construction, including The Conrad, The Four Seasons, The Taj Exotica, The Mangosteen and Cape Panwa. With this activity it’s no surprise that high quality estates have recently been launched and show many of the winning attributes that have driven house prices on the upper west coast: good design, professional building teams, well-capitalized developers and a range of resort facilities and hotel management, making owning a beach house much more hassle free (and also a return driven investment).
The Mangosteen Suites, 22 ultra modern beach chic apartments by Bali-based Gary Fell, are just being launched and offer sensational ocean views, good prices and an excellent operator coupled with a resort that is already operational and doing well. With a guaranteed yield of up to 7 per cent for the first two years taking the guessing game out of the start-up phase and existing hotel numbers these suites are prime investment properties and will do well.
The Crowne Residences have sold well as they are also well managed and across from the beach. These too are attractive investment properties.
Listed Bangkok developer Raimon Land have set the area alight with heavy marketing, hot design and stunning views with the apartment project the The Heights. Here designer Hans Brouer - who was a Norman Foster protégé - takes living on the edge, to the edge.
Kata Gardens was Raimon’s first project in Kata and is almost sold out and completed in about a year, a solid accomplishment and a salute to Raimon’s first-class management team (and marketing budget!).
Around the corner with elegant eagle’s nest ocean views is Cape Panwa, a nearly completed luxury estate with 3-5 bedroom residences, one bedroom pool villas and a small boutique hotel, with prices attained in excess of US$2 million and large tropical home architecture. These sold quickly off plan. Lastly Tamarind is an exclusive value-for-money oceanfront estate that has a beautiful east coast aspect.
“Go south young man” used to be wise words spoken as solid advice and foresight, and these days in Phuket it’s nice to have new choices and will ensure that the upper west coast boys are kept on their toes with nimble, design savvy and concierge-minded estates.
The
Mangosteen Pool Suites & Villas
Phuket LandSearch Ltd.
Kalim Office : 247/2 Prabaramee Road, Patong, A. Kathu, Phuket 83150
Tel: +66 76 290509, 340348 Fax: +66 76 340426
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Cherngtalay Office : Plaza Del Mar,Unit 105-108, 382/104 moo 1, Cherngtalay,
Talang, Phuket 83110 Thailand
Tel: 076 318131-37 Fax.:076 318138
E-mail: mangosteen@phuketland.com
Website: www.phuketland.com/mangosteen