Latest news with #HNWI
Zawya
5 days ago
- Business
- Zawya
Banyan Group Residences Introducing its Most Luxurious Ever Phuket Homes at Singapore Sales Exhibition May 31-June 1
The pioneering hospitality group's latest property exhibition is headlined by ultra-luxury condos targeting HNWI amid strong international demand for lifestyle homes in Phuket SINGAPORE - Media OutReach Newswire - 30 May 2025 - Banyan Group Residences' latest sales exhibition, to be held at Fairmont Hotel Singapore this weekend May 31-June 1 will showcase a number of new projects in Phuket, amid a surge of international interest in luxury real estate on the island from all over the world including Singapore which is one of the group's top 5 global source markets and accounts for 6% of the group's Phuket real estate sales. Banyan Group expects to release US$1bn worth of new luxury residential real estate in Phuket over the next two to three years, as demand for quality homes on the island remains high from diverse international markets. At the top of the range is Banyan Group's latest absolute beachfront project, Banyan Tree Beach Residences Oceanus - branded residences at the rarest location within internationally-renowned Laguna Phuket which are set right on the beach in a prime area of Bang Tao, the island's most sought-after district. The 16 magnificent ultra-luxury 4-bedroom Banyan Tree Beach Residences Oceanus are exceptional in every way, with each boasting built-up areas which measure from an incredible 416 sqm all the way up to 768 sqm for the penthouses. Finished to the highest standards using the highest quality materials, they unlock a lifestyle of unparalleled luxury on the doorstep of one of the world's most desirable beaches and are expected to set new record prices for condos on the island. Other recent launches to be showcased in Singapore include Residences at Garrya Phuket, new wellness concept beachfront homes managed as part of the Garrya Phuket hotel which come with guaranteed rental returns of 5% for the first 5 years, and Laguna Lake Residences Aster, minimal-chic contemporary style low-rise condos with a stunning rooftop infinity pool – around a multi-purpose communal lawn and manicured gardens, situated at the entrance of Laguna Phuket and just a stroll away from the popular lifestyle malls of Boat Avenue and Central de Porto. Meanwhile the Group will also be showcasing Skypark Elara Lakelands Residences, stunning nature-themed residences with beautiful rooftop pools and terraces overlooking tranquil parks and lagoons. These are the second phase of condos at the pioneering new Laguna Lakelands, a one square kilometre residential community interwoven by 15km of nature trails and walkways, natural forest and tranquil lagoons. The breathtakingly ambitious master plan is unfolding in stages and incorporates a wide range of recreational options for all ages prioritising health and wellness including a community club featuring an Olympic sized pool, tennis and padel courts and a fitness centre. Banyan Group, led by Singaporean entrepreneur Ho Kwong Ping (KP Ho), is famous for its pioneering Banyan Tree Hotels & Resorts luxury hospitality brand with a strong focus on wellbeing which celebrated its 30 th anniversary last year. The group's first property was Banyan Tree Phuket – also the first resort to introduce the private pool villa concept - but this has since grown to an impressive group of over 90 luxury resorts globally. Last year, Banyan Tree Group rebranded to Banyan Group to reflect the fact that the Group now has 12 global brands of which Banyan Tree is the flagship. Banyan Group has also been an important driving force in the development of Phuket first as a tourism destination, and more recently as a place for second homes. Set against the stunning backdrop of the Andaman Sea, on a 3km stretch of Bang Tao's pristine beach, Laguna Phuket, developed by the Banyan Group has evolved over 35 years to become Asia's leading integrated resort, home to seven world-class hotels, premium facilities as well as now some 3,000 branded residences, many on or close to the beach. Spanning over 1,000 acres of lush parkland and located just a 30-minute drive from Phuket International Airport, Laguna Phuket has an award-winning 18-hole golf course, luxury spas, exceptional dining options, and countless activities to create unforgettable experiences. Its hotels and condos are set against picturesque lagoons and are interconnected by boats. It will soon also have its own 150-metre-long Beach Club with dedicated zones reserved exclusively for residents. As more and more people over time have flocked to Phuket not just for vacations but as a place to live, Laguna Phuket has evolved to become a unique international residential community, welcoming people from diverse backgrounds and nationalities, with nationals of some 70 different countries as its residents. It even has its own kindergarten, medical and wellness facilities. "We're seeing a huge demand for new homes in Phuket due to a whole range of factors from trends such as urban flight, work from home, geopolitical issues and simply the fact that Phuket has become a great place to live with world-class international schools and hospitals and all the benefits of a year-round tropical lifestyle," said Stuart Reading, Managing Director of Banyan Group Residences. "High-quality property is still significantly cheaper in Phuket than in most of the buyer source markets like Hong Kong, Singapore or Europe, which is also an important factor," he said. "For a high quality development in a prime location in Hong Kong, USD1m only gets you about 22sqm of space, compared to over 200 sqm in Phuket," he said. Singapore buyers are in the top 5 markets for residential properties at Laguna Phuket, accounting for 6% of all historic sales. There is still plenty of room for more growth, according to Banyan Group. Up to 2024, a total of around 3,000 residential units have been built in Laguna Phuket, with another 700 now under development. A further 10,000 units are eventually envisaged for Laguna Phuket and Laguna Lakelands over the next 10 years. "Our strategy is to focus solely on quality high spec residences, regardless of their size," says Stuart Reading, MD of Banyan Group Residences. "It's a bit like when you buy a car from a luxury car brand like BMW or Mercedes, even if you are buying a smaller vehicle you know that the quality and craftsmanship is still on the same level as the top of the range models." Mr Reading says the group will develop larger branded apartments and penthouses in some of Laguna Phuket's prime beachfront sites, some possibly measuring up to 500 or even 700 sq m in size. "Scarcity of beachfront land especially on the prestigious central west coast where we're located means we can look to create luxury living through spacious and high-spec apartments with private terrace or rooftop pools rather than land-intensive single villas," he explains. At the same time, Banyan Group will build lower entry price, smaller but still high specification condominiums in Laguna Lakelands, and other sites within Phuket Laguna that are further from the beach. Banyan Group recently announced a new initiative The Laguna Advantage, which offers a full suite of services designed to make living in Phuket easier for new homeowners. They range from complimentary first year management services and property insurance to healthcare and education privileges such as complimentary first year enrolment at Laguna Phuket's award-winning onsite pre-school SILK Kindergarten and special rates at Phuket's leading international schools. Hashtag: #BanyanGroup The issuer is solely responsible for the content of this announcement. About Banyan Group Banyan Group ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans across over 90 hotels and resorts, over 140 spas and galleries, and 14 branded residences in over 20+ countries. Comprising 12 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of "Embracing the Environment, Empowering People" is embodied through the Banyan Global Foundation and Banyan Management Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience. About Banyan Group Residences Banyan Group Residences is the property development arm of leading hospitality pioneer the Banyan Group, which is listed on the stock exchanges of Thailand and Singapore. With over 30 years of development experience and an impressive portfolio of residential brands to suit different lifestyles and budgets, it is Thailand's leading lifestyle property developer with a strong and increasingly international pipeline of projects. The group ' s main residential brands are the flagship luxury Banyan Tree Residences as well as Angsana Residences, Dhawa Residences, Garrya Residences, Laguna Residences, Cassia Residences, Skypark and the pioneering new Laguna Lakelands. Banyan Group
Malay Mail
5 days ago
- Business
- Malay Mail
Banyan Group Residences Introducing its Most Luxurious Ever Phuket Homes at Singapore Sales Exhibition May 31-June 1
The pioneering hospitality group's latest property exhibition is headlined by ultra-luxury condos targeting HNWI amid strong international demand for lifestyle homes in Phuket Banyan Tree Beach Residences Oceanus SINGAPORE - Media OutReach Newswire - 30 May 2025 - Banyan Group Residences' latest sales exhibition, to be held at Fairmont Hotel Singapore this weekend May 31-June 1 will showcase a number of new projects in Phuket, amid a surge of international interest in luxury real estate on the island from all over the world including Singapore which is one of the group's top 5 global source markets and accounts for 6% of the group's Phuket real estate Group expects to release US$1bn worth of new luxury residential real estate in Phuket over the next two to three years, as demand for quality homes on the island remains high from diverse international the top of the range is Banyan Group's latest absolute beachfront project, Banyan Tree Beach Residences Oceanus - branded residences at the rarest location within internationally-renowned Laguna Phuket which are set right on the beach in a prime area of Bang Tao, the island's most sought-after 16 magnificent ultra-luxury 4-bedroom Banyan Tree Beach Residences Oceanus are exceptional in every way, with each boasting built-up areas which measure from an incredible 416 sqm all the way up to 768 sqm for the penthouses. Finished to the highest standards using the highest quality materials, they unlock a lifestyle of unparalleled luxury on the doorstep of one of the world's most desirable beaches and are expected to set new record prices for condos on the recent launches to be showcased in Singapore include Residences at Garrya Phuket, new wellness concept beachfront homes managed as part of the Garrya Phuket hotel which come with guaranteed rental returns of 5% for the first 5 years, and Laguna Lake Residences Aster, minimal-chic contemporary style low-rise condos with a stunning rooftop infinity pool – around a multi-purpose communal lawn and manicured gardens, situated at the entrance of Laguna Phuket and just a stroll away from the popular lifestyle malls of Boat Avenue and Central de the Group will also be showcasing Skypark Elara Lakelands Residences, stunning nature-themed residences with beautiful rooftop pools and terraces overlooking tranquil parks and lagoons. These are the second phase of condos at the pioneering new Laguna Lakelands, a one square kilometre residential community interwoven by 15km of nature trails and walkways, natural forest and tranquil lagoons. The breathtakingly ambitious master plan is unfolding in stages and incorporates a wide range of recreational options for all ages prioritising health and wellness including a community club featuring an Olympic sized pool, tennis and padel courts and a fitness Group, led by Singaporean entrepreneur Ho Kwong Ping (KP Ho), is famous for its pioneering Banyan Tree Hotels & Resorts luxury hospitality brand with a strong focus on wellbeing which celebrated its 30anniversary last year. The group's first property was Banyan Tree Phuket – also the first resort to introduce the private pool villa concept - but this has since grown to an impressive group of over 90 luxury resorts globally. Last year, Banyan Tree Group rebranded to Banyan Group to reflect the fact that the Group now has 12 global brands of which Banyan Tree is the Group has also been an important driving force in the development of Phuket first as a tourism destination, and more recently as a place for second homes. Set against the stunning backdrop of the Andaman Sea, on a 3km stretch of Bang Tao's pristine beach, Laguna Phuket, developed by the Banyan Group has evolved over 35 years to become Asia's leading integrated resort, home to seven world-class hotels, premium facilities as well as now some 3,000 branded residences, many on or close to the over 1,000 acres of lush parkland and located just a 30-minute drive from Phuket International Airport, Laguna Phuket has an award-winning 18-hole golf course, luxury spas, exceptional dining options, and countless activities to create unforgettable experiences. Its hotels and condos are set against picturesque lagoons and are interconnected by boats. It will soon also have its own 150-metre-long Beach Club with dedicated zones reserved exclusively for more and more people over time have flocked to Phuket not just for vacations but as a place to live, Laguna Phuket has evolved to become a unique international residential community, welcoming people from diverse backgrounds and nationalities, with nationals of some 70 different countries as its residents. It even has its own kindergarten, medical and wellness facilities."We're seeing a huge demand for new homes in Phuket due to a whole range of factors from trends such as urban flight, work from home, geopolitical issues and simply the fact that Phuket has become a great place to live with world-class international schools and hospitals and all the benefits of a year-round tropical lifestyle," said"High-quality property is still significantly cheaper in Phuket than in most of the buyer source markets like Hong Kong, Singapore or Europe, which is also an important factor," he said. "For a high quality development in a prime location in Hong Kong, USD1m only gets you about 22sqm of space, compared to over 200 sqm in Phuket," he buyers are in the top 5 markets for residential properties at Laguna Phuket, accounting for 6% of all historic is still plenty of room for more growth, according to Banyan Group. Up to 2024, a total of around 3,000 residential units have been built in Laguna Phuket, with another 700 now under development. A further 10,000 units are eventually envisaged for Laguna Phuket and Laguna Lakelands over the next 10 years."Our strategy is to focus solely on quality high spec residences, regardless of their size," says Stuart Reading, MD of Banyan Group Residences. "It's a bit like when you buy a car from a luxury car brand like BMW or Mercedes, even if you are buying a smaller vehicle you know that the quality and craftsmanship is still on the same level as the top of the range models."Mr Reading says the group will develop larger branded apartments and penthouses in some of Laguna Phuket's prime beachfront sites, some possibly measuring up to 500 or even 700 sq m in size."Scarcity of beachfront land especially on the prestigious central west coast where we're located means we can look to create luxury living through spacious and high-spec apartments with private terrace or rooftop pools rather than land-intensive single villas," he the same time, Banyan Group will build lower entry price, smaller but still high specification condominiums in Laguna Lakelands, and other sites within Phuket Laguna that are further from the Group recently announced a new initiative The Laguna Advantage, which offers a full suite of services designed to make living in Phuket easier for new homeowners. They range from complimentary first year management services and property insurance to healthcare and education privileges such as complimentary first year enrolment at Laguna Phuket's award-winning onsite pre-school SILK Kindergarten and special rates at Phuket's leading international #BanyanGroup The issuer is solely responsible for the content of this announcement. About Banyan Group Banyan Group ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans across over 90 hotels and resorts, over 140 spas and galleries, and 14 branded residences in over 20+ countries. Comprising 12 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of "Embracing the Environment, Empowering People" is embodied through the Banyan Global Foundation and Banyan Management Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience. About Banyan Group Residences Banyan Group Residences is the property development arm of leading hospitality pioneer the Banyan Group, which is listed on the stock exchanges of Thailand and Singapore. With over 30 years of development experience and an impressive portfolio of residential brands to suit different lifestyles and budgets, it is Thailand's leading lifestyle property developer with a strong and increasingly international pipeline of projects. The group ' s main residential brands are the flagship luxury Banyan Tree Residences as well as Angsana Residences, Dhawa Residences, Garrya Residences, Laguna Residences, Cassia Residences, Skypark and the pioneering new Laguna Lakelands.
Times of Oman
22-05-2025
- Business
- Times of Oman
Ultra-wealthy Indians are second to Saudis in buying luxury properties in Dubai: Report
New Delhi: Super-rich Indians are second to Saudi High Net Worth Individuals (HNWI) in buying luxury properties in Dubai, according to a report by global property consultancy Knight Frank. The report adds that British citizens are in third position after Indians in buying luxury properties in Dubai. Saudi HNWIs have the highest average budget of USD 45.7 million, followed by those from India at USD 44.6 million and UK citizens with USD 30 million, as per the report. Asian HNWIs have the lowest average budget among Knight Frank's survey respondents; however, this was still a very healthy USD 23 million. Global real estate investors chose Dubai's Marina area (28 per cent) as their preferred location. Other locations such as Dubai Hills Estate (24 per cent) and Emirates Hills (23 per cent) were the second and third places chosen by wealthy buyers, as per the Knight Frank report. Observing the trends, Shehzad Jamal, Partner - Strategy & Consultancy, MENA, said, "For our wealthiest HNWI respondents (net worth > USD 50 million), Dubai Marina (43 per cent) commands the highest interest, demonstrating the enduring appeal of the long-standing poster child of Dubai's property market. For this group of super-rich buyers, Dubai Hills Estate (30 per cent) follows in second place, while Emirates Hills (22 per cent) rounds off the top three likely home purchase locations." The 2025 edition of the Destination Dubai report further added that Dubai's residential market experienced another strong year in 2024, with property values rising by 19.1 per cent to an average of United Arab Emirates Dirham (AED) 1,685 per square foot (psf), pushing prices to 13.3 per cent above the 2014 peak. On average, villa sale prices grew by 19.6 per cent in the 12 months to the end of Q1, reaching AED 2,088 per sf, reflecting a 107.6 per cent uplift on Q1 2020. This sustained growth illustrates the strong appeal of stand-alone villas, beachfront homes and branded residences that provide instant access to the Dubai lifestyle, the report added. (
Business Times
21-05-2025
- Business
- Business Times
Singapore's ultra-rich among wealthy Asians snapping up property in Dubai
[SINGAPORE] Property cooling measures may have dampened housing demand here, but Singapore's ultra-rich are among high net-worth individuals (HNWI) around the world that are flooding into Dubai. In the first quarter alone, the United Arab Emirates' most populous city saw the sale of 111 residential properties valued at over US$10 million each. This comes after Dubai recorded 435 sales for luxury homes worth over US$10 million each in 2024 – almost equalling the total number of such sales in London (224) and New York (269) combined – ranking the city as the world's busiest market for sales in this exclusive bracket for the second consecutive year. The value of these residential sales for Dubai amounted to some US$6.9 billion last year. For comparison, Singapore was ranked 10th globally, with 89 of such luxury residential properties worth a total of US$1.4 billion changing hands in 2024. And this year, some US$10.3 billion of private capital around the world could be planning to invest in Dubai's property market, according to a report by property consultancy Knight Frank. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'The strongest appetite for a real estate purchase in the UAE comes from those with the greatest wealth and is a testament to the success of the government's programmes to strengthen the emirate's appeal as a place for the world's wealthy to live and invest,' said Faisal Durrani, partner and head of research for the Middle East and North Africa at Knight Frank. For the 2025 edition of its Destination Dubai report, Knight Frank, in partnership with YouGov, surveyed 387 HNWI based in Singapore, China, Hong Kong, India, Saudi Arabia, and the United Kingdom – each with an average net worth of US$22 million. Some 44 per cent of Singapore respondents expressed interest in purchasing property in Dubai, with another 17 per cent saying they were undecided. Globally, 61 per cent of HNWI said they would like to secure a home in the emirate for personal use – almost double the 31 per cent in the previous report. About a quarter of this group said they were looking to purchase purely for investment or capital gains. 'While we have anecdotal evidence of end-users being the most active buyer group in the market, our research has revealed a number of other key tell-tale signs. For instance, we have also found that 83 per cent of global HNWI are interested in purchasing land in Dubai to build their own home,' Durrani said. The interest in Dubai's residential property has driven prices up. According to Knight Frank, property values rose 19.1 per cent to an average of 1,685 dirham (S$592) per square foot (psf) in 2024 – pushing prices to 13.3 per cent above the 2014 peak. Villa sale prices also surged 19.6 per cent year on year to 2,088 dirham psf as at the end of Q1 – more than doubling from Q1 2020. Knight Frank said this illustrates the strong appeal of stand-alone villas, beachfront homes and branded residences that provide instant access to the Dubai lifestyle. According to the survey, the average allocated budget for a home purchase in Dubai by global HNWI is US$32 million.
Arabian Business
14-04-2025
- Business
- Arabian Business
Dubai and Abu Dhabi named world's best cities for HNWI relocations thanks to tax rules and quality of life
Dubai and Abu Dhabi are the best cities in the world for high-net-worth individuals to relocate to, according to Savills research. The trifecta of a fluid geopolitical and economic environment; changing government policies, taxes and incentives; and quality-of-life factors, is increasingly influencing where high net worth individuals (HNWIs) and footloose companies choose to locate, said Savills. The real estate consultancy launched the Savills Dynamic Wealth Indices to identify the cities that are performing well at attracting and developing wealth and investment from individuals and businesses. Dubai and Abu Dhabi attract HNWI and businesses Savills said that personal tax incentives, existing high concentrations of HNWIs, and a good quality of life put the cities of Dubai and Abu Dhabi of the UAE in the top two positions, followed by Singapore, Zurich and Auckland to make up the top five preferred locations for individuals looking to relocate. Meanwhile, Singapore, Seoul, New York, London and Abu Dhabi take the top five places for corporate relocations based on their corporate tax and business environments, volumes of foreign direct investment, and economies and knowledge bases. This means that Abu Dhabi has ranked in the top five for both, individuals and corporates looking to relocate, highlighting its range of benefits. Rachael Kennerley, Director of Research at Savills Middle East said: 'Abu Dhabi's sovereign wealth has notably attracted connected family offices and global corporates. In turn, this has stimulated office demand, with new businesses requiring space, and the luxury residential market. Arguably, the push of fiscal policies of other countries has heightened the UAE's pull.' The UAE is a particularly attractive option for HNWIs who bring their companies with them. It has a dynamic economy that is diversifying away from oil and attracting growing sums of corporate and sovereign wealth investment. This has in turn boosted real estate transaction volumes and values. Prime residential capital values in Dubai rose by 6.8 per cent in 2024, with prime office values growing by 7 per cent in Q4 alone. In 2024, the residential sector recorded unprecedented transaction volumes, with a 47 per cent year on-year increase. Of this, over 4,600 units priced above AED10m ($2.72m) were transacted during the year, marking a 23 per cent year on-year increase. Paul Tostevin, Director of Savills World Research, said: 'Against an increasingly changeable geopolitical and economic backdrop, global wealth flows are evolving, as HNWIs and businesses adapt their decisions on where to locate. 'Traditional predictors of global wealth flows, such as government policies, taxes and incentives, and the presence of either innovative talent pools or existing communities of similar individuals, have always been key drivers of dynamic footloose companies and individuals, and will continue to play a major role, but a sense of place, and a high quality of living, are progressively the deciding factor when making location decisions.' Savills says that six of the top 12 locations feature in both the corporate and individual Dynamic Wealth Indices – highlighting how business and personal priorities can often overlap as businesses want to locate in destinations that can provide the necessary talent to sustain them, following skilled workers who tend to prioritise a better quality of life. While lifestyle factors appeal chiefly to the individual, the knock-on effects of creating talent clusters, or HNWIs bringing their businesses with them when they relocate, make them a magnet for corporate wealth, too.
