Work is pushing on at the first phase of what has been branded the “most exclusive private address” on a Thai island where new real estate is in short supply.
Malaiwana Oceanview Villas is being built above Naithon Beach in Phuket on what developers say is one of the last undeveloped stretches of the island’s North West coast.
The scheme involves 19 estate villas and 30 poolside homes, and is perched 80 metres above the beach.
Real estate on Phuket commands high demand and is becoming easier to reach thanks to improving connections with Singapore, Hong Kong, mainland China, Europe and Australia.
Project sales representatives Signature Residences Worldwide say of the development: “Malaiwana is a rare opportunity to secure some of Phuket’s remaining prime real estate.
“It is set in an area of outstanding natural beauty on one of the last undeveloped stretches of Phuket’s prized north-west coastline, only ten minutes from Phuket International Airport.”
Villa homes in the scheme will feature more than 190 sq m of private space over two floors and master bathrooms designed as a “personal spa”.
Prices for the real estate scheme start at $2.53 million and can be bought via a four-stage payment plan linked to construction landmarks.
The villa homes make up phase one of the scheme and the 30 pool homes, involving condos and penthouses, are phase two. The rare Phuket homes scheme is scheduled for full completion by the end of next year.
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