Friday, August 26, 2005

Phuket and Thailand - investors going global

Bel Air Panwa on Phuket Island in Thailand is the first offshore project by Watson Property Group of Perth.

Comprising of 82 apartments with freehold titles, the site carries stunning ocean views out to Phi Phi Island and is set high up off the road and is situated in the beautiful Cape Panwa, 10 minutes south of Phuket town.

This market is driven predominantly by UK, European and Asia based investors. Watson Property Group founder and director, Mark Watson said
“This is an ideal opportunity for Australian investors to follow the lead of the listed property trusts to diversify their property portfolio with overseas properties and not only hold Australian properties.”

The development comprises a combination of two and three bedroom apartments ranging from 106m2 to 215m2. Prices are set between A$130,000 and A$500,000 for the penthouses.

The development is set in a gated, secure estate that includes two large swimming pools, a fi tness
centre, reception area, jacuzzi, sauna, steam and games rooms and a mini-market. It offers management and rental services by Knight Frank Phuket. Buyers have a 6 per cent rental guarantee. Finance is being offered via the Bangkok Bank, Singapore to a maximum of 70 per cent of purchase price.

Construction has commenced with initial retaining walls and foundations expected to be completed in September 2005. A display condominium and sales offi ce with models are available on site. Sales in the initial launch are now over 20 per cent.

FOLLOW-UP: See us at stand number #28 at the Hot Property Expo, September 16-18, Perth
Convention Exhibition Centre, 10am-5pm daily.
For more information phone (08) 9240 8011
or visit www.belairpanwa.com

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