20 Jun '13, 5am

Looking for opportunity to invest in Thailand? Distressed Phuket villas for sale

A total of 21 Phuket pool villas in a “distressed pool villa project” are being touted for sale with a THB220 million (S$9.10 million) price tag. Colliers Thailand is offering the villas at the Sujika Gardens gated community in Cherngthalay for sale at what it describes as being 35 percent below replacement costs. Its marketing material described the freehold development concept as being “east meets west”. The entire 37-unit project comprises over 20 Rai and is located five minutes from the Laguna Resort complex. Retail prices for the pool villas are quoted as being from between THB16 million and THB26 million, while smaller one- or two-storey units range from THB7 million to THB9 million.” Colliers says the 21 remaining units for sale are mostly complete and in a good state of repair, although some finishing works is needed at an estimated cost of around THB20 million. Th...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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