Banyan Group, a leading global service business with numerous hotel and residence brands, is firmly establishing itself by developing 15 residence projects in Phuket under the Banyan Group brand. This move reinforces Banyan Group's strategy to expand investments in Phuket, highlighting confidence in the island's potential, which aligns with the growing real estate market across all segments.

In recent years, especially in the post-COVID-19 era, Phuket, Thailand's largest island, has transformed from a bustling tourist hotspot into a paradise for long-term relaxation and relocation for high-net-worth individuals (HNWI) from around the world. The investment of 15 projects in Phuket by Banyan Group further emphasizes its role as a “desirable relocation city” that deserves attention.

Mr. Ho Kwang Ping, founder and chairman of Banyan Group, stated, “Banyan Group believes in the immense potential of Phuket as this island is a gem that holds value beyond being a tourist destination known for its white sandy beaches and unique southern Thai culture. With world-class infrastructure and services in every aspect, including a global healthcare network, leading international schools, and numerous mega-projects, it has become one of the world’s top high-end lifestyle destinations. With the continuous growth in demand for residences in Phuket, we have decided to consistently expand our investment in residence projects here.”

Phuket's strengths as a world-class resort city include its warm and sunny climate year-round, beautiful beaches, and clear waters, along with the charm of its old town featuring unique Sino-Portuguese architecture. Phuket has been voted by travelers worldwide as one of the best islands in Asia by Condé Nast Traveler Readers' Choice for 2023. Besides its natural beauty, the island offers amenities that cater to a quality lifestyle for families, comparable to major global cities, such as 12 leading international schools, top healthcare facilities, and an endless array of restaurants, cafes, and bars. Additionally, the expansion of Phuket Airport to accommodate increased travel and the upcoming electric train project will further enhance the city's potential.

The real estate sector in Phuket is booming, driven by demand for condos and villas in prime, scarce locations near the sea. Mr. Ho Kwang Ping explained, “Purchasing a vacation home in Phuket is a worthwhile investment. The real estate market in this province is continuously growing, with wealthy individuals both Thai and foreign seeking a superior lifestyle amidst the beauty of the Andaman coast. We are expanding our business to align with trends by offering 15 projects in excellent locations, showcasing diverse designs and functions to meet every lifestyle, surrounded by comprehensive amenities. Unit owners can enjoy The Sanctuary Club, an exclusive privilege within the Banyan network, with every project crafted from over 30 years of experience and backed by numerous global awards.”

Mr. Huang Kwang Ping updated on the progress of projects in Phuket, stating, “Last April, we launched the Garrya Residences Phuket project starting at 34 million baht, which received an excellent response. The Garrya brand focuses on creating balance in life through proximity to nature and sandy beaches, complemented by comprehensive wellness services. Additionally, we launched the final lot of the first phase of the 7-story condominium project Lakeview Residences in the Laguna Lakelands area, with prices starting at around 7 million baht. In July, we are preparing to unveil the 4-story condominium project Lakeside Residences as well.”

Banyan Group is driving Phuket towards becoming the ultimate destination for second homes with various projects that offer both elevated living and valuable investment opportunities, underpinned by a commitment to sustainable business practices and environmental care. Every project in Phuket is meticulously designed and developed with sustainability in mind, focusing on efficient energy use and environmentally friendly waste management.

Banyan Group is a publicly listed company on the stock exchanges of Thailand and Singapore, operating hotels and real estate through various brands, including Banyan Tree, which offers both hotels and residence projects, Banyan Veya wellness resorts, Banyan Tree Escape nature resorts, and other brands such as Angsana, Cassia, Dhawa, Homm, Garrya, Folio, and Laguna, a comprehensive leisure kingdom in private communities currently located in Phuket, Indonesia, and Vietnam.

Recently, Banyan Group Residences, a leading real estate developer in Thailand under Banyan Group, has won an impressive 12 awards from the International Property Awards for the Asia Pacific region for 2024-25, the premier global real estate awards, reaffirming the highest standards in developing world-class projects by Banyan Group Residences.

For more information about Banyan Group's residential projects, please visit https://www.banyangroupresidences.com.