Thailand , Phuket , Po Bay
฿29,450,000 THB to ฿37,800,000 THB
Unit Sizes: 90 SQM. to 138 SQM.
Freehold and Leasehold Options
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The Residences at Sheraton Phuket Grand Bay
Nestled on a 66-rai hillside plot in the southern cape of Po Bay and the gateway to Phang Nga Bay, Sheraton Phuket Grand Bay Resort & Residences is an exclusive community of 107 one and two bedroom suites and villas set within the 183-key five-star Sheraton Resort.
Overlooking the Po Bay, Phi Phi Islands, the dramatic limestone karsts of Phang Nga Bay and Ao Po Grand Marina, the development is set in an area of natural beauty away from the bustling West Coast, approximately 25 minutes from Phuket International Airport and within 30-45 minutes of the island’s key amenities. The development is Phuket’s newest luxury branded suites and villas to launch in the market.
Lifestyle experience with five-star branded resort facilities, professional management and optional rental.
For the North Residence consist of the condominium with sea view, mountain & lake view. For the South Residence all units are facing to the sea with 220 meters private beach exclusively for the use of resident owners and hotel guests, and resident owners can use the hotel facilities (swimming pool, beach, fitness etc.).
Phuket as Top Tourist-Destination in Asia
Phuket is the most popular beach resort destination of Asia with its size of approximately 540 sq. km., about the same size as Singapore. Phuket has been famous for its natural blend of mountains and wide range of over 20 different varieties of beaches and bays, and 6 Marinas along its shoreline. Tourist arrivals from the newly expanded Phuket International Airport are around 13 million in year 2016 with a steady growth of 8% per year. The Tourism Authority of Thailand (TAT) reports an average occupancy rate of not less than 85% for 4-star hotel with room rate between USD 180 – 300 for 4 to 5-star accommodations.
The Residences at Sheraton Phuket Grand Bay is in a serene location yet conveniently located close to all the best amenities Phuket has to offer.
- 25 minutes from Phuket International Airport
- 15 minutes from Mission Hills Golf Resort
Harmony of Contrasts
The Master Plan features an internationally-recognized resort and a low-density villa community that maximizes privacy and breathtaking panoramic views while being in absolute harmony with the project’s natural setting. The Sheraton Phuket Grand Bay Resort is at the heart of the development and is framed by the North and South Residences which all have convenient access to the ample facilities that the resort has to offer. The 650-meter long coastline forms the natural boundary on the eastern side and features a 220-meter sandy beach for residents
The Residences at Sheraton Phuket Grand Bay provides the allure of seaside living at its finest with elements of tropical contemporary resort design presenting warm and welcoming interior living spaces. Natural stone and timber are used throughout, with hints of blue to reflect the seaside setting. The interior living space seamlessly melds with the outdoor terrace and pool, blurring the lines between indoor and outdoor living and entertaining areas.
The Residences at Sheraton Phuket Grand Bay will feature a host of five-star Sheraton facilities for guests and villa owners to enjoy including all-day dining, specialty restaurants, lobby lounge, swimming pool and pool bar, spa and fitness center, business center, 24-hour room service and housekeeping and laundry facilities. and guests to use.
- 24-hour security
- Air Conditioning
- Childrens play area
- Internet / wifi
- Meeting rooms
- Restaurant / Bar
- TV Cable
- Washer / Dryer
- Parking Availability: Yes
Development Pricing Guide
|($) Singapore||$1,303,163 - $1,672,650||SGD|
|(₱) Philippines Peso||₱47,221,897 - ₱60,610,788||PHP|
|(£) GBP||£717,697 - £921,186||GBP|
|(€) Euro||€808,108 - €1,037,232||EUR|
|($) US Dollar||$981,863 - $1,260,252||USD|
RESIDENCES AT SHERATON PHUKET GRAND BAY INVESTMENT OVERVIEW
Key Investment fundamentals include
- High Quality Branded Resort in a Superb Location
- Unique High Quality Development with Exceptional Finishes and Features
- Strong ROI based on High Rental Yields and Capital Growth
- Strong Market indicators for Rental Guarantee program.
Tourist arrivals from the newly expanded Phuket International Airport are around 13 million in year 2016 with a steady growth of 8% per year. The Tourism Authority of Thailand (TAT) reports an average occupancy rate of not less than 85% for 4-star hotel with room rate between USD 180 – 300 for 4 to 5-star accommodations. When you take that into consideration the rental program offers would be lifestyle investors the best of both worlds both income and a great holiday home.
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About the developer
Apex Development Public Company Limited
After the Suntec Group Public Company Limited had successfully completed its rehabilitation plan under the law, it was legally permitted to operate its business again from 30th of April, 2007 onwards. In August 2007 the new investor group led by Mr. Pongphan Sampawakoop acquired the increased shares of paid-up capital to obtain 836,000,000 shares, worth 785,840,000 baht, or 78% of the total shares.
The company’s name was also changed to Apex Development Public Company Limited. The new business objective is to engage actively in real estate development. Hence forth Apex started to develop its first branded hotel and seaside resort project named “White Sand Beach”, Pattaya on approximately 30 rai of land area with a project value of 3,500 million Baht. It consists of: Mövenpick Hotel (North Tower), Mövenpick Residences (South Tower), and Mövenpick Pool Villas.
Our business plans are to develop and sell the hotel, Residences and Pool Villas to investors and individual buyers in order to realize its profit to apply for the resumption of trading of the company’s shares in the Stock Exchange of Thailand (SET).
After the completion of project construction, Apex transferred Movenpick Hotel, some of condo-units and pool villas to the buyers, thus realized the net profit to the company based on its audited financial statements for the year 2015 and 2016. SET has approved Apex to resume trading in the Stock Exchange of Thailand for the Property and Construction group, in the Property Development Sector starting from the 27th of March, 2017 onwards.