Botanica Luxury Phuket reveals that the luxury villa market in Phuket is experiencing significant growth, driven by foreign tourists and investors, as well as wealthy Thais from Bangkok. There is high and sustained demand expected to continue for another 1-2 years, while supply at the end of Q3 is poised to exceed 53 billion baht. This reinforces their position as a local leader in developing luxury pool villas in Phuket, catering to the booming demand for vacation homes. They are preparing for the soft opening of their latest mega project, "Botanica Grand Avenue," located in a prime area of the Exclusive Residences near Laguna Golf Phuket, close to Bang Tao Beach. They plan to establish it as a new luxury innovation community, the first of its kind in Phuket, with pre-sales and the unveiling of the show villa set for November 15.

Mr. Attasit Inthrachuti, CEO of Botanica Luxury Phuket Co., Ltd., a leader in developing luxury pool villa projects in Phuket for over 20 years, stated that the overall luxury villa market in Phuket is currently on a rapid growth trajectory, supported by the tourism industry. International tourists regard Phuket as a long-term vacation destination that people worldwide wish to visit, and it is a popular city for foreigners looking to retire. Tourists from Russia, China, the USA, Italy, England, Germany, Australia, India, and Ireland are seeking second homes for relaxation and investment. The demand for luxury villas from affluent Thais in Bangkok traveling to Phuket is also significant. Key factors influencing purchasing decisions include location and the reputation of the developer. It is expected that the demand from both foreign and Thai customers will remain high for the next 1-2 years, prompting both local and Bangkok-based operators to invest in developing vacation home projects in Phuket to meet this ongoing growth trend, with an investment value of up to 53.23 billion baht.

Botanica Luxury Group has accumulated experience in project development in Phuket, having developed over 21 projects with a total value exceeding 35 billion baht. Each project features outstanding design and modern aesthetics, complemented by beautiful landscaping and distinctive home designs that create a tranquil and private atmosphere. All projects are located in prime locations, surrounded by amenities that truly meet all customer needs, providing a safe environment for families. They also offer rental opportunities with returns of 8-10% per year, and resale potential yielding over 10-25% within less than a year. This has garnered positive responses from target customers, achieving sales of over 196 units worth more than 5.3 billion baht by the end of October 2023. The main customers of Botanica Luxury Group are foreigners, including Russians, Europeans, and Chinese, comprising both working professionals and those purchasing vacation homes for retirement and investment.

“Botanica Luxury Group is expanding its brand presence both nationally and globally by partnering with several companies for joint project development, such as MontAzure and Soken Development. The Botanica Grand Avenue project is a luxury initiative in collaboration with AssetWise Public Company Limited (ASW), which is investing to develop over 400 units of luxury pool villas and mixed-use properties on a land area of over 178 rai, with a total project value of 13 billion baht. AssetWise holds a 30% stake in the total project value.”

Recently, Botanica Luxury Group has reaffirmed its leadership in developing luxury pool villa projects in Phuket, preparing for the soft opening of BOTANICA Grand Avenue (Botanica Grand Avenue), a luxury pool villa project in the heart of the Exclusive Residences area near Bang Tao Beach, adjacent to Laguna Phuket Golf. They will showcase the luxurious Grand Signature villa, featuring a spacious area of 707 square meters on a land size of 367.5 square wah, with prices starting from 40 to 204 million baht, available from November 15, 2023. Exclusive privileges for visitors who tour the project and choose to reserve during this period will include a special 10% discount on all villa reservations in the BGA project and an immediate discount of 300,000 baht when reserving a condo unit at the event.

The Botanica Grand Avenue project is the largest and most distinctive project in Phuket. Botanica Luxury Group is committed to creating and developing it into a new luxury innovation community in Phuket, comprising luxury single-family homes styled as Luxury Pool Villas, two-story luxury villas, and vacation condo buildings, set amidst nature with a central open space designed as a large relaxation area of over 5,000 square meters. The ICONIC CLUBHOUSE features outstanding architecture supporting an urban wellness center, fine dining restaurants, etc., while incorporating modern technology to manage sustainable living amidst nature, reducing carbon footprint under the concept of ‘Unraveling the Epitome of Innovation Luxury Living’ that enhances the lifestyle and quality of life for residents and elevates the standard of real estate development in Phuket to match global real estate projects in every dimension, including design, amenities, and innovative technology.

For those interested, you can visit the show house at the Sale Gallery of the Botanica Grand Avenue project (BOTANICA Grand Avenue). For more information, call 098-394-7097 or click to view details and follow news updates at the website www.botanicaluxuryvilla.com and Facebook: BOTANICA Luxury Villa.

Botanica Luxury Phuket Co., Ltd. is a real estate company in Phuket with over 20 years of experience and expertise in developing high-end projects in the area. They have developed and launched over 21 projects with a total value exceeding 35 billion baht. Currently, there are 17 projects available for sale, including The Valley, Sky Valley, Modern Loft 2, Lakeside, Lakeside 2, Zen, Hillside, Foresta, Foresta 2, Forestique, Prestige, Grand Avenue, and MontAzure (in partnership with MontAzure) under the brand Botanica X MontAzure, one project under the brand Tonino Lamborghini Ocean Valley Villas, Phuket (in partnership with the luxury brand from Italy, Tonino Lamborghini), and three projects under the brand BOTANIGA Four Seasons. Each project features distinctive architectural designs that offer modern luxury and provide an elevated living experience for both foreign investors and Thais, backed by numerous awards such as Best Housing Development Phuket and Best Luxury Housing Architectural Design (upcountry) from the PropertyGuru Asia Property Award 2022, and most recently, Best Luxury Villa Developer, Thailand 2023 from the DOT Property Thailand stage.

*Information from Colliers Thailand as of the end of Q3 2023