Developer Island Oasis Resorts’ new apartment project The Palms is to be built on two rai on the Kamala Beach road.
Site clearance began in mid-March and construction is expected to begin by the end of April. The project is expected to be completed by June 2008.
John Hayward, Marketing Director of Island Oasis Resorts Co Ltd, told the Gazette that this project has been very popular and about 60% of the units have been sold.
The 230-million-baht project will have two four-story apartment buildings housing 30 two-bedroom units and six duplex three-bedroom penthouses. The units are being sold with 30-year leases and a contracted agreement for two 30-year extensions.
Stretching across the front of the buildings, with direct access for ground-level units, will be two huge swimming pools. The first pool will be 40 meters by eight meters, the second will be a free-form design of 380 square meters.
“The main concept is to provide family-style accommodation with easy access to Kamala Beach, which is only meters away, just across the beach road.
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“There are very few places in Phuket that have a quiet beach road like this one, especially in the popular resort areas such as Kata, Karon or Patong. So our location will really attract people."
“Kamala also has its own markets, banks, restaurants, shops and bars to attract people, too,” Mr Hayward said.
The 30 two-bedroom units will be on the first three floors of the buildings. Each unit will have a total area of 98 square meters and each bedroom will have an en-suite bathroom. The three-bedroom penthouses will sit on the fourth floor of the buildings and have 162 square meters of living area plus a roof deck.
There are two view choices: Sea View or Mountain View. The prices for the two-bedroom apartments start at 8.995 million baht and penthouses start at 18.995 million baht.
“There are so many developments in Phuket now and some prices on the island are very high, but The Palms has very good value at affordable prices. It’s in the perfect location so the apartments will give a good rental return as an investment.
“The penthouses will be fully furnished at this price, and the two-bedroom apartments will have a standard furnishings package as an option for about 300,000 baht,” he said.
Of the 36 units, 13 apartments and 2 penthouses have yet to be sold.
“Our obvious market is the UK and expatriates living in Singapore or Hong Kong. There are a lot of UK people interested in moving to the Orient because of the climate. They can escape the winter and come here for high season with their families for relaxation.
“Another interesting channel for us is the Asian market. We have sold a couple of apartments to Chinese individuals and Phuket is not very far away for them; flying from Shanghai is only four hours.
“Our location on the island is an important point of our project. Kamala Beach is well known as a beautiful beach as well as being a very safe beach because of its shallow grade, unlike Surin and other beaches that have steep drop offs,” Mr Hayward said.
The architect and designer for The Palms is Axil Architect Co Ltd and the construction contractor is Haad Yai Nantakorn Co Ltd.
For more information contact Island Oasis Resorts Co Ltd office and showroom at 88/6 Moo 3, on the Kamala beach road, Kamala, Kathu, Phuket 83150.
Tel: 076-385305, 076-386143. Fax: 076-385482. Website:
www.island-oasis-resorts.com