Investments don’t have to be the boring, at least not in Phuket. Here you can find holiday homes that double as investment generating properties. It really is the best of both worlds. If you’re looking for something at the affordable end of the market, Breeze Park Condotel in Kamala Falls just might be the ideal property for you.
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Kamala Beach is one of the last remaining hidden gems in Phuket. While the water here is clear and the sands pristine, the area remains serene and free from the crowds of tourists found elsewhere on the island.
Another attractive feature of Kamala Beach is the location. It is only a 40-minute drive from Phuket International Airport while Patong can be reached in ten minutes by car. Additionally, the popular Phuket Town and beautiful beaches of Kata and Karon are less than a 30-minute drive away.
Despite the central location and awe-inspiring coastline, development in and around Kamala Beach remains relatively limited. At the north-end of the beach is the MontAzure residential resort development, but beyond that there isn’t much for real estate investors to choose from.
This is just one of the many reasons Breeze Park Condotel is such an exciting development. Located in the hills just south of Kamala Beach, this residential complex boasts an impressive design and an affordable price point that makes it extremely attractive for investors, holiday homes seekers or those wanting one property to do both.
Breeze Park Condotel features three total buildings that will host residences, a 4-star hotel and amenities. These include a spa, fitness centre, a restaurant and a range of boutique shops. The complex also has a large swimming pool that blends into the development.
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 travellers.
See more: Additional information on the project
All of this will be operated by a professional hotel brand with experience managing condotel projects. The developer is still in talks with multiple operators and hope to announce the brand in the near future.
There are one- and two-bedroom units for sale at Breeze Park Condotel. The Superior Suites are smartly designed one-bedroom units ranging from 31 to 34 square metres. There are also a limited number of spacious Deluxe Suites that measure from 38 to 59 square metres. A small number of two-bedroom, Family Suites are also available.
Each unit has been carefully designed and utilises wood and sea tones that match the beautiful surroundings of the resort. Additionally, the residences feature the minimalist style that is popular around the world. Every unit comes fully fitted and exclusive furniture packages are available.
Another unique feature of the development is the low unit density. There are only 236 units spread across the three buildings at Breeze Park Condotel. This creates a peaceful environment that avoids overcrowding.
As land prices in Phuket have increased, so too have the prices of condominium units. For example, basic units in new Patong condominium developments away from the beach are now starting at THB 3.5 million (USD 112,000) and go up from there. Some of these projects don’t even have hotel or property management in place, which significantly reduce their investment potential.
Breeze Park Condotel has hotel management in place for buyers wishing to enter into the programme. It also has 5-star quality facilities adding extra value to the entire property. And yet the starting price for a unit here is noticeably less than other parts of Phuket.
The one-bedroom units at Breeze Park Condotel start at THB 3.2 million (USD 100,000) while the two-bedroom units are priced from THB 5.7 million (USD 178,500). These are among the most affordable new-build condominium units currently for sale on the island.
And unlike other parts of Phuket, residential development in Kamala Beach is limited despite strong demand for condominium units. CBRE Thailand research found that projects located near the beaches of Surin and Kamala offering a guaranteed return of seven percent for three years recorded strong sales in 2017 and have a good outlook moving forward.
The best of both worlds
Condotels are a popular investment in Phuket since they allow the buyer to enjoy the benefits of both a property investment and a holiday home. Owners can enjoy a set number of days at the project throughout the year and will see steady returns on investment while away.
At Breeze Park Condotel, buyers who opt into the rental management programme can enjoy guaranteed returns of seven percent for five years. Owners are also entitled to 30 days of usage during low season or 15 days during the peak season. Of course, this is just the base of what’s possible.
Unlike traditional condominium projects, purchasing a unit in a condotel, such as Breeze Park Condotel, allows investors to take advantage of Phuket’s booming tourism industry. So while seven percent yields are guaranteed, the actual return on investment may be higher. Similar projects in other parts of Phuket are now recording returns of more than ten percent.
Why invest in Phuket
Phuket has long been a popular tourist destination, but arrivals have really taken off in the past few years. Last year, 8.4 million visitors headed to Phuket. This record-breaking total was a significant increase from 2016. And the growth has carried over to 2018.
According to C9 Hotelworks’ Phuket Hotel Market Update, passenger arrivals at Phuket International Airport jumped by almost 19 percent in the first quarter of this year. Part of this was due to the opening of the airport’s new international terminal. The airport now boasts non-stop connections to Europe, China and the Middle East to go along with a wealth of regional and domestic flights.
China remains a key market for Phuket with arrivals from the mainland jumping by almost 50 percent between 2016 and 2017. Arrivals from Australia and Europe have remained steady in the past few years. Guests from Russia are also returning after a few down years.
With more people visiting Phuket than ever before, hotel occupancy rates have also been on the rise. The Thai Hotels Association (THA) noted hotel occupancy rates on the island rose to 75 percent in 2017, an increase of almost 12 percent from 2016 totals. The THA also found that Phuket has the best performing hotel sector in all of Thailand.
Breeze Park Condotel Conclusion
Given the affordable price point, outstanding rental returns, high-quality units and 5-star quality amenities, Breeze Park Condotel is going to be in high demand from buyers. In fact, 20 percent of the units have already been reserved.
It is getting harder and harder to find new-build condominiums with unit prices starting under THB 3.5 million (USD 112,000). What’s more, these usually don’t have the features or 4-star hotel management that Breeze Park Condotel provides.
If you are looking for a property investment in Phuket, Breeze Park Condotel is the rare option that provides real value for money along with the potential for a double-digit return on investment. Scheduled to be completed in 2020, your chance to claim a residence here is going to be limited. The developer believes all units will be sold in 2019 meaning it is important to book yours now.
For more information:
Tel:+66 (0)8 1908 6651 , +66 (0)9 3323 6128