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Laguna Phuket Sells Banyan Tree Waterfront Suites Around Lagoons

Friday, December 20, 2013
PHUKET: The Banyan Tree Group has unveiled a new extension of its Angsana Hotels & Resorts brand, with its latest investment property opportunity, Angsana Waterfront Suites, situated within Laguna Phuket, Asia's finest integrated resort.

Located on a tropical lagoon overlooking the Andaman Sea, the Angsana Waterfront Suites will offer potential investors a strong value proposition with its attractive leaseback model.

''The Angsana Waterfront Suites is the Groups' latest property offering in Phuket, conceptualised to meet demands for high quality property within Laguna Phuket.

''The hotel serviced residences will be managed by the Angsana hospitality group.

''Property owners will receive complimentary membership to The Sanctuary Club with privileges and discounts throughout the Group's worldwide hotels and resorts, as well as free stays in the global network of other hotel serviced residences, in addition to the rental returns through the leaseback program,'' said Mr Stuart Reading, Deputy Managing Director of Laguna Resorts and Hotels.

Owners will enjoy privileged access to the Angsana Laguna Phuket Resort, featuring seven dining venues including the fashionable XANA Beach Club, the award-winning Angsana Spa, the fully kitted out fitness centre, an expansive swimming pool as well as the signature Tree House Kids Club and a range of complimentary activities such as Yoga sessions and non-motorised water sports.

Construction is expected to commence in late 2014 with a projected completion schedule of 24 months.

The starting price for the one-bedroom fully furnished Angsana Waterfront Suites is Baht 10.5 million and will also include 5 years membership to the Laguna Phuket Golf Club.

The show unit is now open at Laguna Property's new Property Sales Centre, located within Laguna Phuket, where customers can find more information of the group's property portfolio.

Comments

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I wasnt aware that foreigners could own property in Thailand.

Posted by Barry on December 31, 2013 15:22

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- Barry

If you purchase a house costing at least USD 1m and it sits on no more than 1 Rai of land, you as a foreigner can legally own both the house and the land (Chanote).

This is limited to one property/plot of land per person.

If you are a foreign company operating under BOI privileges, the company can not only be 100% foreign owned but can also legally own land for commercial purposes. For example the land your factory is built on.

Minimum investment required to apply for BOI privileges is THB 800m.

Posted by ThaiMike on December 31, 2013 16:35

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Last time, I checked, it was an investment of minimum 40 Million Baht. Not only 1 Million US$ ;-)
I'm not sure about, that the land will be seen as the investment. Because if it would, the passage "as soon, you take the investment out, you have to sell the land" wouldn't make much sense, right? But it wouldn't be a surprise, would it?

Posted by Anonymous on December 31, 2013 21:50


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