With the first wave of tourists arriving to Thailand, there is light at the end of the tunnel. It may be some time before the number of visitors returning the popular destinations like Phuket reaches pre-pandemic levels, but there is little doubt that it will happen.
That’s because Phuket is historically resilient. In the past two decades, the island has faced the tragic 2004 tsunami, the SARS epidemic, the Bird Flu scare and two coup d’états. And once each situation came to pass, the recovery was swift.
Which brings us to present day. The local market is struggling with many developers offering discounts to entice buyers. For savvy real estate investors, purchasing now can ensure they are well placed for Phuket’s eventual recovery.
Phuket condotel projects remain among the most interesting investment opportunities available. If you’re unfamiliar with a condotel, it is a building where the units are sold to individuals like a condo while being operated by a hotel brand who incorporates their standards, management and marketing into the project.
Let’s take a look at two of the most impressive Phuket condotel projects currently on the market.
Melia Phuket Karon Residences
The highly regarded Melia hotel brand has been enlisted to operate Melia Phuket Karon Residences. Nestled between the mountains and sea, the project allows residents to stay connected to nature at all times. The residences provide sublime panoramic views of the Andaman Sea with the 73 condominiums and villas each offering stunning glimpses of the beautiful blue waters.
Melia Phuket Karon Residences allows you to have a personal paradise thanks to its low density. Units have been spread out to guarantee privacy and exclusivity. Additionally, the project has its own beach club where you can lounge away on one of the island’s most pristine beaches.
For those interested in the investment aspects of the development, Melia Phuket Karon Residences has an outstanding rental management program that allows for 30 days of personal usage for you, friends and family each year along with strong returns.
Grand Breeze Park Condotel
Grand Breeze Park Condotel is located in the hills just south of Kamala Beach and boasts an outstanding design featuring five buildings. The project will be operated as an upscale hotel with a range of amenities including a spa, fitness center, a restaurant and a range of boutique shops.
Perhaps the most impressive amenity is the sky garden which spans all three buildings and offers some of the most beautiful views around. There is lush greenery while residents will be able to enjoy the use of a BBQ area that is exclusive to them. The end goal is to create a development that is family friendly and popular with all types of travelers.
What’s more, Grand Breeze Park Condotel is one of the most affordable Phuket condotel projects which has made it extremely attractive for investors, holiday home seekers or those wanting one property to do both. A rental program with property management is available to interested buyers.