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By Nithyakala Neelakandan
Published on June 22, 2024
We have carefully curated this newsletter to ensure it becomes your go-to resource for all things hospitality-related. Whether you are an industry professional, an avid traveller, or simply passionate about the art of hospitality, this newsletter will be your gateway to a world of inspiration, knowledge and unforgettable experiences.
Layan Verde, a prestigious residential estate in Phuket developed by VillaCarte Group, proudly announces a highly successful high season. From November 2023 to May 2024, the project sold 121 lots covering 7,272.8 square meters, amassing sales over 1 billion baht. This impressive performance underscores the growing appeal of Layan Verde’s premium real estate offerings.
During this high season, the majority of sales were driven by smaller units, with studios and one-bedroom apartments making up 94% of purchases. Studios alone accounted for 58% of the total sales, while one-bedroom units represented 36%. These smaller, more affordable units attract investors early in the sales process, with interest in larger apartments typically increasing as construction progresses.
Layan Verde saw a notable surge in sales during May, particularly through direct transactions on its website and referrals. This trend highlights a shift towards more efficient and stable sales methods, reducing the reliance on seasonal demand fluctuations and paving the way for consistent year-round results.
Layan Verde’s buyers hail from 13 countries, including former Soviet Union states, Europe, India, and the United States. Notably, 76% of buyers are men from Russia and Ukraine, who account for 68% and 13% of purchases, respectively. The majority of buyers fall within the 37 to 51 age range, with the youngest buyer being 22 and the oldest 76. This diverse clientele reflects Layan Verde’s broad international appeal.
Vadym Bukhkalov, CEO of VillaCarte Group, notes the substantial transformation in Phuket’s real estate landscape over the past 12 years. The area has seen significant infrastructure developments, including new neighborhoods, roads, and amenities. Bukhkalov predicts dynamic growth and price increases in Phuket's real estate market over the next few years, driven by external investment and post-pandemic demand.
In response to increased demand, Layan Verde is launching the new premium investment B3 building. Operating under the Dusit Collection brand, known globally for its hotels and resorts, B3 is strategically located in the heart of the Layan Verde complex, close to shops, cafes, and the Ocean Club.
Building B3 features seven stories and offers eight diverse layout options, from studios to three-bedroom apartments. Each unit will be delivered with high-quality finishes, with an option for a comprehensive furniture package. The building will also receive the EDGE certificate, ensuring up to 45% savings on utility bills through advanced technologies. The project is scheduled for completion in 2027.
About Layan Verde and VillaCarte Group
Layan Verde is a unique residential project in Choeng Thale, Phuket, blending contemporary luxury with the island’s serene environment. Designed by Top-40 architect Mohammed Adib, the estate covers 108,000 square meters and includes 945 apartments across 15 buildings. It features extensive landscaping and a self-sufficient mini-city environment, with on-site shopping and dining options.
VillaCarte Group, founded in 2012, has established itself as a key player in Thailand’s real estate market with over 12 years of experience. The company’s portfolio includes over 300,000 square meters of development projects, encompassing 1,600 villas and apartments, four hotels, and more than 30 cafes, bars, and restaurants. Notable projects include La Vista Villas, Layan Green Park, La Green Hotel & Residence, Villa Carte, and Sabai Ecoverse.
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