Phuket, Thailand – December 18, 2023 – The Phuket vacation villa market is making a strong comeback as the tourism industry regains momentum. Thai and international elite investors are actively seeking prime locations and seizing opportunities before the anticipated rise in land prices. Sri panwa takes the lead in transforming its last piece of land into a prestigious project, unveiling The Sky Series, a residential development consisting of only four luxurious residence villas on a 2-3-52 rais plot. The project is valued at 1,000 million baht and is conceptualized under the theme of “Modern Natural,” showcasing a distinctive design style crafted by the renowned architects of Habitat. The development aims to create an unparalleled experience of relaxation that seamlessly blends with nature in the unique style of Sri panwa.
Mr. Songkran Issara, CEO of Charn Issara Development Public Company Limited, discussed the current tourism situation in Thailand, emphasizing that the country continues to be a preferred destination for travelers. Particularly, Phuket province stands out as a leading destination for both tourists and investors. This has significantly contributed to the rapid growth of the residential real estate market. Charn Issara Development recognizes the potential of the market and their expertise in developing real estate and hotels in Phuket for over 20 years. They consider this experience a strength that enables them to understand the market expectation well. Furthermore, they are confident that Phuket real estate market maintains its demand from a continuous influx of both Thai and international high-net-worth individuals, seeking exclusive and luxurious vacation villas. These individuals are looking for upscale, distinctive properties that reflect the modern lifestyle and provide comprehensive services.
Mrs.Teeraporn Srijaroenwong, director, managing director and acting assistant managing director on project management and development of Charn Issara Development Public Company Limited, Revealed the overall real estate market situation in Phuket this year, there is a clear upward trend, evident from the increasing number of tourists and foreign investors entering Phuket province. In the third quarter of this year alone, there were more than 8.2 million tourists, and it is anticipated that by the end of the fourth quarter, the number will rise to approximately 14 million. This notable influx includes tourists from Russia, Australia, India, China, and Kazakhstan, significantly boosting the real estate market in Phuket across all areas, creating a bustling and vibrant environment.
Given the overall recovery in tourism in Phuket, the real estate and hotel industry has been quick to adapt, focusing on developing residential projects, particularly condominiums and vacation villas. Vacation villas, in particular, have gained significant interest from both Thai and international investors and high-net-worth individuals. The land in these areas has become increasingly scarce and commands exceptionally high prices. Coupled with the recent significant leaps in land prices throughout Phuket, the changes have been quite remarkable,” said Mrs. Teeraporn.
Recently, Sri panwa Phuket has has progressed in opening up the last six-rais plot of land within the project, investing a substantial budget of 1,000 million baht. This investment is dedicated to the development of the luxurious residence villas known as The Sky Series. These last four residences within the Sri panwa highlight distinctive design features crafted by renowned architects, including Habitat, who have been instrumental in the development of Sri panwa for over two decades. This destination has become a dream for many, combining the potential of a sought-after location with a unique conservation concept. The design of each residence within The Sky Series ensures residents enjoy panoramic views of the sea and lush, mature trees. Moreover, specific areas provide an experience of either a seaside view or a sky view, inspired by the iconic Baba Nest design within Sri panwa, globally renowned. Each of the four residences features a private mini Baba Nest and a swimming pool, giving a beautiful and private sunset experience. Furthermore, the design seamlessly integrates indoor and outdoor spaces, creating a harmonious atmosphere that connects with nature—sky, sea, and greenery—providing a constant connection with the natural surroundings.”
The Sky Series comprises three-story pool villas with five bedrooms, representing the final four residences on the remaining land within the project. The living space for each residence starts at 1,200 square meters, with prices beginning at 250 million baht. Each villa will maintain a conservation concept, preserving the significant mature trees present on the land, Therefore, the design of each of the four residences within The Sky Series will be unique, ensuring the preservation of these trees and creating a home surrounded by nature. Construction is set to commence in June 2024.
From the distinctive landmark location to the uniquely crafted and innovative design, blending with artisanal and unique interior work, these elements contribute to creating an unparalleled sense of pride for residents who will own the sole luxurious villa within the Sri panwa Phuket. In addition to this exclusivity, residents will also enjoy world-class amenities and services from the globally renowned hotel. Whether it’s dining options, rooftop bars, or 24-hour spa services, residents will have access to an exceptional and exclusive lifestyle that sets their living experience above and beyond.
Situated on 85 acres at the southernmost tip of Cape Panwa, Sri Panwa is a luxurious residence villa and hotel project featuring private pool villas along its private beach. Nestled amidst lush tropical foliage, these villas offer a secluded and intimate atmosphere while showcasing breathtaking views of the Andaman Sea and surrounding islands. Each villa comes with its private swimming pool.
Recognized as one of Thailand’s top five resorts and acclaimed as one of the world’s most charming hotels, Sri panwa offers contemporary tropical-designed villas located approximately 40-60 meters above sea level. The resort boasts a myriad of facilities and recreational activities, including six restaurants, two rooftop bars, a spa, and comprehensive amenities within the property. Sri panwa provides full-service facilities 24 hours a day. In addition to the existing offerings, the newest zone, ‘Yaya,’ features 24 Pool Suite accommodations and convention halls with a capacity of 400 people. The area also includes the Baba Soul Cafe, and the latest rooftop venue, TU Bar, offering the best sunset views from the best viewpoint.
Exclusive privileges await those interested in becoming the owners of the last four residences in Sri panwa. The introductory price is only 220 million baht until March 31, 2024, accompanied by special promotions. These include Thailand Privilege membership, one year of free common area fees, and a complimentary 15-night stay in One Bedroom Luxury Pool Villa at Sri panwa Phuket* (*terms and conditions apply)