Crystal Lagoons’ Latest Global Expansion Successfully Revolutionizes the High-Potential Asian Real Estate Market

ข่าวท่องเที่ยว Thursday September 8, 2016 10:01 —PRESS RELEASE LOCAL

Bangkok--8 Sep--TQPR MEDIA Boasting over 400 projects in 60 countries worldwide, Crystal Lagoons has become the World's Top Amenity. Crystal Lagoons brings idyllic beach-like lifestyle to South East Asia's inner land plots, adding real estate value to places previously deemed undevelopable. Up until now, the company boasts over 20 projects in development stages and two already operational projects within the Asian market. Asia's fast-growing demand for recreational destinations will be well-served by Crystal Lagoons. The company's technology has got beyond the real estate paradigm of "location, location, location". Crystal Lagoons, a highly innovative multinational company that develops limitless-size sustainable crystal clear lagoons surrounded by white-sand beaches at very low construction and maintenance costs worldwide, continues to expand and revolutionize the global real estate industry with its value-added propositions to several of the world´s top projects. In Asia, the company is deepening its presence in its existing markets with increasing interesting projects and also expanding further into new markets. Amongst some of the company's latest significant achievements, are its partnership with one of the US's top resorts in Las Vegas and strong continuous growth in the Middle East. The company's crystal-clear lagoons have become the World's Top Amenity, bringing the idyllic lifestyle of the beach anywhere in the world, enabling to practice a wide variety of water sports, such as swimming, kayaking, paddle boarding, to mention a few, and also shows and activities as acrobatic shows, movie film settings, triathlon competitions, sailing competitions and much more. Crystal Lagoons currently have 20 projects in various stages of development in Asia, and there are two projects already in operation. In Thailand, Crystal Lagoons' second project in the South East Asian market is located in the Hua Hin province of Thailand, and includes a 45 rai navigable crystal-clear lagoon, ultra luxurious villas, and a private country club. The other project in Asia is "Bintan Treasure Bay" in Indonesia, which has a 6.3 hectare crystal clear lagoon surrounded by a white sandy beach. Located in the paradise of Bintan Island, only one hour by ferry from Singapore, the project will include 3,000 second home units, seven, fourand five-star hotels that all serve the growing demand of Singapore's population for tourist destinations and leisure facilities. This lagoon is suitable for swimming and a host of watersports, including cable water-skiing, water jet pack, kayaking, windsurfing, snorkeling and paddle boarding. Crystal Lagoon in Treasure Bay Bintan is South-East Asia's first and largest recreational crystal clear sea-water body and offers experiences that can't be found anywhere else in the region. After having debuted its operations in the Asean market, Crystal Lagoons has expanded further into Asia, in countries such as South Korea, Japan and Taiwan. It currently has 5 projects at different development stage in Thailand and 15 more projects in the Asian Region.With such projection, the company aims to reach 60 projects over the next 6 years – deepening its presence in the markets where it already is present, and entering the Philippines, Vietnam, Japan, Burma, Cambodia and Laos. "Crystal Lagoons' innovation - proprietary and patent-protected in 160 countries – is revolutionizing world markets in areas such as real estate, urban development, tourism, public space and industrial applications. These lagoons have changed the real estate paradigm of 'location, location, location', creating tourist destinations in their own right", said Jaime Rivera, Crystal Lagoons' Regional Director for South East Asia. "Crystal Lagoons adds value to real estate projects and benefit end users, providing radical improvement in the quality of life". In the US market, the international technology company, unique in creating unlimited-size crystal-clear lagoons at very low construction and maintenance costs, has also recently achieved a great milestone in the US with the announcement of its partnership with a world-class luxury resort to transform the Las Vegas Strip, the world's capital of adult entertainment, into a beautiful beach-front paradise which will provide greater entertainment options for a more varied groups of people and families compared to other available amenities such as golf courses, which are enjoyed by just a select group of people. Besides, Crystal Lagoons' novel technology can use any kind of water: fresh, salt and brackish, making it ideal for developers, and it drastically lowers water consumption. For instance, when the company's crystal-clear lagoons are filled with fresh water, they use up to 30 times less water than a golf course, and just half the water required to irrigate a park of the same size. This new project represents worldwide recognition of Crystal Lagoons' success in the US market where, just one year after its launch, it has already signed 12 projects and it is evaluating another 70 projects in different US states, with an estimated total investment of US$ 53.4 billion. Apart from the US, Crystal Lagoons has also expanded its projects throughout the Middle East. To date, there are over 40 projects in different development stages in countries such as, the United Arab Emirates, Oman, Jordan, and Saudi Arabia. The key accomplishments of the company in the region include bringing a beach to a desert and setting a new Guinness World Record for the "World's Largest Man-made Crystal Clear Lagoon," with its iconic Citystars Sharm El Sheikh (12 hectares) in Egypt. Crystal Lagoons is adding a crystal-clear lagoon to Dubai's "Mohammed Bin Rashid Al Maktoum City". The development will have a 40-hectare mega crystal-clear lagoon, which will break Crystal Lagoons' own Guinness World Record for the third time. This project will also break another five world records: the highest residential tower, the longest indoor ski slope, the highest 360-degree observation deck, the highest restaurant, and the largest dancing fountain. The company has currently reached a sizable portfolio of more than 400 projects – in different development stages – in the urban, tourist, public and industrial sectors in 60 countries worldwide.

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