Phuket luxury property still highly sought

The plane crash at the airport of the Thai island of Phuket shocked and saddened many this week, but despite the heavy hearts and bouquets tied with well wishes, it’s still business as usual for the resort island’s luxury real estate market.

The latest development complex of luxury apartments overlooking Surin Beach on Phuket has already sold 65% of its units in the early months after the launch, with construction slated for completion in mid-2008. The Chava is another development typical for the first-class visitors to the island that cost 800 million baht to construct.

Buyers can chose from 16 different designs that measure anywhere from 151 to 332 square metres, all with 24-hour concierge and security services

“We launched The Chava in May last year and have achieved sales of over 65% in fifteen months. Even though the Phuket property market has experienced a recent slow down, we continue to receive interest and positive feedback from potential buyers. We are confident that Phuket is still the most popular holiday home destination in Asia and buyers continue to show interest in buying quality apartments in prime locations, � said CEO of the Chava, Larry Cunningham.

For those us that have the means to have a second home around these parts, the minimum 15 million baht will certainly buy your way into paradise; but the rest of us will just have to put up with the beach bars and the bamboo huts.