So what makes this opportunity such a good bet?
- the development company is highly experienced and professional – Lersuang Holdings already have 3 successful projects under their belt in Phuket (concept, construction and ongoing management capability)
- Excellent value – these units are finished to the highest specification and on absolute beachfront. I feel the units are about 20% under current market prices today, and should increase in value by about 12 to 15% per year.
- The look and feel of the project is cool and stylish – the interiors of the apartments will certainly have the ‘wow’ factor. Turtle Cove will become a very desirable address, so units in this development will hold their value well, and the broad appeal will mean there will always be an exit opportunity for those wishing to sell onwards
- Phuket is the most established of Thailand’s destinations – the market is not fragile, and we saw this demonstrated in Q2 of this year… occupancy on the island was back up to 68% (source: Bangkok Post). The forthcoming Christmas season is showing signs of being the busiest ever, as the many seasons visitors of Thailand show their support for the island and its people
- The rental income will net at least 10% per year, and this will be totally taken care of by the Lersuang Group. Buyers will not have to do anything, and the profits will be paid regularly. This is actually much easier than owning buy to let property in England, as there is zero effort required in having to source tenants and look after maintenance issues
- Phuket is a mature and sophisticated market – in my view Turtle Cove is leading that market, by offering fantastic lifestyle/investment property, without the inflated price tag which has come to be expected in the area
- Just look once more at the photo of MaiKhao Beach – need I say more…?
