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The Sun
3 days ago
- Business
- The Sun
Banyan Group Residences Introducing its Most Luxurious Ever Phuket Homes at Singapore Sales Exhibition May 31-June 1
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 30th 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.
Associated Press
12-02-2025
- Business
- Associated Press
Banyan Tree Residences Sichon: Thailand's Southern Triangle Emerges As A Top Tourism And Investment Destination
As Banyan Tree Residences Sichon breaks ground in Nakhon Si Thammarat, investors and travelers are recognizing the untapped potential of Thailand's diverse coastal regions. NAKHON SI THAMMARAT, THAILAND - Media OutReach Newswire - 12 February 2025 - Today, Banyan Tree Residences Sichon, a new ultra-luxury branded residence, is set to redefine Southern Thailand's resort landscape. The project broke ground today at a ceremony attended by senior government officials and executives from Banyan Group and the project's developer Urasaya Property. Absolute Beachfront Living on Thailand's Undiscovered Coast Nestled along the pristine Sichon Beach, Banyan Tree Residences Sichon presents a collection of 15 private four- and five-bedroom pool villas designed with panoramic ocean views, contemporary interiors, and sustainable architecture. The development offers private boat transfers (just 45 minutes to Koh Samui), 24-hour concierge service, exclusive spa and wellness experiences, and a beachfront clubhouse with a restaurant and bar. Through The Sanctuary Club, Banyan Group's signature homeowners' program, buyers gain access to a global portfolio of bespoke services, preferential rates, and exclusive lifestyle privileges. Stuart Reading, Managing Director of Banyan Group Property Development, said: 'Banyan Tree Residences Sichon provides investors and second-home buyers an opportunity to be part of an exceptional real estate development with the quality assurance of the Banyan Tree brand.' For those looking to generate returns, Banyan Living—the group's new rental management service—connects owners to Banyan Group's global distribution platform, multilingual customer service, and hospitality standards to maximize rental income while maintaining impeccable property conditions. New Tourism & Investment Hotspot The Nakhon Si Thammarat: Tourism, Hotel & Real Estate Market Update from C9 Hotelworks highlights that the province is already on the map, welcoming 3.8 million visitors from January to November 2024, with 69% average hotel occupancy and THB 13.2 billion in tourism revenue. With its untouched beaches, rich cultural heritage, and increasing accessibility, Nakhon Si Thammarat is being compared to Phuket's rise three decades ago. That transformation was spearheaded by Banyan Group's founder, KP Ho, who turned a disused tin mine into the world-renowned Laguna Phuket destination. 'It reminds me of Phuket 30 years ago,' said Ravi Chandran, Executive Director of Urasaya Property and former CEO of Laguna Phuket. 'When Banyan Tree launched in Laguna Phuket, it set the stage for the tourism boom that continues today. Nakhon Si Thammarat is on a similar trajectory.' The Future of Southern Thailand's Coastal Market With improved air connectivity, infrastructure investment, and rising interest from investors, Nakhon Si Thammarat is emerging as Thailand's next sought-after coastal destination. The North-South Super Highway is further boosting domestic travel, while Thai developers are recognizing the untapped potential of Southern Thailand's resort markets to attract international buyers.
Zawya
12-02-2025
- Business
- Zawya
Banyan Tree Residences Sichon: Thailand's Southern Triangle Emerges As A Top Tourism And Investment Destination
As Banyan Tree Residences Sichon breaks ground in Nakhon Si Thammarat, investors and travelers are recognizing the untapped potential of Thailand's diverse coastal regions. NAKHON SI THAMMARAT, THAILAND - Media OutReach Newswire - 12 February 2025 - Today, Banyan Tree Residences Sichon, a new ultra-luxury branded residence, is set to redefine Southern Thailand's resort landscape. The project broke ground today at a ceremony attended by senior government officials and executives from Banyan Group and the project's developer Urasaya Property. Absolute Beachfront Living on Thailand's Undiscovered Coast Nestled along the pristine Sichon Beach, Banyan Tree Residences Sichon presents a collection of 15 private four- and five-bedroom pool villas designed with panoramic ocean views, contemporary interiors, and sustainable architecture. The development offers private boat transfers (just 45 minutes to Koh Samui), 24-hour concierge service, exclusive spa and wellness experiences, and a beachfront clubhouse with a restaurant and bar. Through The Sanctuary Club, Banyan Group's signature homeowners' program, buyers gain access to a global portfolio of bespoke services, preferential rates, and exclusive lifestyle privileges. Stuart Reading, Managing Director of Banyan Group Property Development, said: "Banyan Tree Residences Sichon provides investors and second-home buyers an opportunity to be part of an exceptional real estate development with the quality assurance of the Banyan Tree brand." For those looking to generate returns, Banyan Living—the group's new rental management service—connects owners to Banyan Group's global distribution platform, multilingual customer service, and hospitality standards to maximize rental income while maintaining impeccable property conditions. New Tourism & Investment Hotspot The Nakhon Si Thammarat: Tourism, Hotel & Real Estate Market Update from C9 Hotelworks highlights that the province is already on the map, welcoming 3.8 million visitors from January to November 2024, with 69% average hotel occupancy and THB 13.2 billion in tourism revenue. With its untouched beaches, rich cultural heritage, and increasing accessibility, Nakhon Si Thammarat is being compared to Phuket's rise three decades ago. That transformation was spearheaded by Banyan Group's founder, KP Ho, who turned a disused tin mine into the world-renowned Laguna Phuket destination. "It reminds me of Phuket 30 years ago," said Ravi Chandran, Executive Director of Urasaya Property and former CEO of Laguna Phuket. "When Banyan Tree launched in Laguna Phuket, it set the stage for the tourism boom that continues today. Nakhon Si Thammarat is on a similar trajectory." The Future of Southern Thailand's Coastal Market With improved air connectivity, infrastructure investment, and rising interest from investors, Nakhon Si Thammarat is emerging as Thailand's next sought-after coastal destination. The North-South Super Highway is further boosting domestic travel, while Thai developers are recognizing the untapped potential of Southern Thailand's resort markets to attract international buyers. Pricing starts at USD 2.5 million for a Beachfront Pool Villa at Banyan Tree Residences Sichon and USD 1.9 million for an Ocean View Pool Villa. For more information please visit Hashtag: #BanyanTreeResidencesSichon The issuer is solely responsible for the content of this announcement. Banyan Tree Residences Sichon
