Bangkok--12 Jul--CB Richard Ellis
Bel Air Panwa, a residential condominium resort located in the beautiful and secluded Cape Panwa offering stunning views over the Andaman Sea, is the first development of the Watson Property Group in Phuket. The developer already has an impressive track record in Western Australia and has now brought their expertise to Phuket. Bel Air Panwa offers buyers a unique concept with great value for money condominium units with a managed rental program creating income returns for owners when they are not using their own properties.
Mr. Mark Watson, Director and founder of Watson Property Group said he was delighted in appointing CB Richard Ellis Thailand to manage the project due to their wealth of experience in condominium and apartment management both in Phuket and in Bangkok. He felt that joining with Thailand’s oldest and most experienced international consultancy gave his buyers’ piece of mind on the ongoing management and preserving the value of their property. He particularly noted CB Richard Ellis Thailand’s proactive management of the holiday letting programs to maximize owners’ returns.
Mr. James Saunders, Director and Head of CB Richard Ellis’ property management services in Phuket, noted that Bel Air Panwa offers outstanding value within the highly prestigious Cape Panwa which already includes residential developments such as Sri Panwa and was further excited about expanding their expertise to this tranquil and developing part of the island.
Bel Air Panwa is one of few projects to take a decision upfront to organize a rental program and has the critical mass to ensure success. CB Richard Ellis will advise on the scheme with experience in the Alamanda and Sheraton Villas, some of the first projects to use this system in Phuket.
James believes Bel Air Panwa is a development geared up for holiday lettings as it offers a resort style environment with well presented and spacious condominium units at attractive rental rates. With a variety of different size condominium units, ranging between 2 bedroom, 3 bedroom and penthouse condominium units, the development will be able to cater for a variety of groups and would prove enticing to both families and those who wanted to move away from a hotel environment to something offering more privacy and independence, whilst still being able to enjoy comforts such as airport transfer, meet and greet, daily maid service, cook and driver. James further went on to add that once market recognition had been built up, the rental program would be a success offering healthy returns to their owners.
James said that when dealing with a resort style condominium it is extremely important to ensure that the structure of the development is set up correctly at the beginning to ensure that the ongoing management of the development is carried out in compliance with the Thai Condominium Act whilst at the same time ensuring that the rental program management is managed effectively providing a high level of service to guests and ensuring that income is maximized for the owners.
Bel Air Panwa scheduled for completion at the end of 2006 will comprise of 87 condominium units ranging from two to three bedroom condominium units inclusive of Penthouses with prices starting at Baht 4,197,000.
Project Details
Owner and Developer : Watson Property Group
Type of Property : Luxury condominium
Location : Cape Panwa, Phuket, Thailand
Land Area : Approximately 7 rai
Description : Residential development comprising of 5 apartment blocks with resort style facilities. Design of the building reflects a modern contemporary architecture feel with quality finishes.
Total Units : 87 units
Unit Type and Sizes : 2 bedroom units — 106 to 149 square metres
3 bedroom units — 162 to 208 square metres
Penthouse units - 106 to 202 square metres
Expected Completion : End of 2006
Property Management : CB Richard Ellis (Thailand) Co., Ltd.
For further information, please contact CB Richard Ellis Phuket or Bel Air Panwa at;
CB Richard Ellis Phuket Bel Air Panwa
12/9 Moo 4, Thepkrasattri Road, Sales and Letting
Tumbol Kohkaew, Amphur Muang, Contact: Vince
Phuket 83000
Tel: +66 76 282 404
Tel: +66 76 239 967 Fax: + 66 76 282 405
Fax: +66 76 239 971 Mobile: + 66 1 082 7143
E-Mail: [email protected] Email: marketing@belairpanwa.com
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2005 revenue). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide.
CB Richard Ellis established an office in Bangkok in 1988 and in Phuket in 2004. CB Richard Ellis (Thailand) Co., Ltd. has grown to be a leading real estate services provider, offering a full range of services including sales and leasing for all types of property, property and facilities management, valuation and advisory, and research and consulting. For more information, visit the company's website at www.cbre.co.th .
Bel Air Panwa
Sales and Letting
Contact: Vince
Tel: +66 76 200 773
Fax: + 66 76 200 774
Mobile: + 66 1 082 7143
Email: marketing@belairpanwa.com
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