Aussie Co Sells Units For Under Bt4 Million Each

[george]

Watson builds in Phuket

Perth-based firm sells units for under Bt4 million each

PHUKET: -- Putting last year’s December 26 tsunami behind it, an Australian-backed project is going up in Phuket.

Called Bel Air Panwa, the deve-lopment is the first offshore endeavour by the Watson Property Group from Perth.

Comprising 82 apartments with freehold titles, Bel Air Panwa is situated in Cape Panwa, 10 minutes south of Phuket town.

Offered for sale are two and three-bedroom apartments varying from 106 square metres to 212 square metres. Prices are set between Bt3.9 million and Bt12.5 million.

The condominiums are set in a gated, secure estate that includes two large swimming pools, a fitness centre, reception area, Jacuzzi, sauna, steam and games rooms, and a mini market.

Watson has appointed Knight Frank Phuket as its property management and rental consultant.

“This is our eighth estate management appointment in Phuket and we are delighted to associate our brand with Bel Air Panwa,” said O’Brien. “We are confident the apartments will rent very well, more so to the long-term market given the lack of quality apartments with sea views in this location.”

“On average, the three-bedroom apartments [139 square metres] with a sea view are approximately Bt53,700 per square metre, with the smaller apartments offering an entry point at Bt49,400 per square metre,” he said.

“We have sold a number of apartments to investors in Paris and Hong Kong who saw great investment and capital gain potential,” he said.

Dr Johan Marckx, director of Watson was keen to work with a creditable firm.

“We chose Knight Frank,” he said, “because they had international and local creditability, expertise, experience and knew what we needed from the outset.”

O’Brien said since the tsunami struck, most areas had suffered a fall in rentals. But signs do point to a recovery ahead as arrival figures are rising.

Dr Marckx said that extensive research was undertaken prior to the development and a master plan was drawn up. “The research shows there was a lack of affordable apartments with sea views and that demand remains robust.” Medium-priced sites such as East Coast Ocean Villas, Villa Santi, L’Orchidee, Surin Heights and the Breakers have sold well because of their impressive sea views, said O’Brien who added that Bel Air Panwa should also appeal to first-time as well as seasoned buyers.

“The type of owner occupier buyer will typically be someone who works in Phuket town or in the south of Phuket and who wants to enjoy the benefits of living in a resort style development,” Marckx said. Interested buyers may contact Knight Frank at (076) 318-151.

The company’s founder Mark Watson said his firm was responsible for marketing more than a thousand lots of land last year, raising capital and project managing developments for various clients as well as their own projects.

Watson has now been developing large parcels of land, apartments and detached homes for more than a decade.

--The Nation 2005-06-06

[snoophound]

The good news about this one is they have a deal with one of the thai baks to finance falangs into these.

Watson builds in Phuket

Perth-based firm sells units for under Bt4 million each

PHUKET: -- Putting last year’s December 26 tsunami behind it, an Australian-backed project is going up in Phuket.

Called Bel Air Panwa, the deve-lopment is the first offshore endeavour by the Watson Property Group from Perth.

Comprising 82 apartments with freehold titles, Bel Air Panwa is situated in Cape Panwa, 10 minutes south of Phuket town.

Offered for sale are two and three-bedroom apartments varying from 106 square metres to 212 square metres. Prices are set between Bt3.9 million and Bt12.5 million.

The condominiums are set in a gated, secure estate that includes two large swimming pools, a fitness centre, reception area, Jacuzzi, sauna, steam and games rooms, and a mini market.

Watson has appointed Knight Frank Phuket as its property management and rental consultant.

“This is our eighth estate management appointment in Phuket and we are delighted to associate our brand with Bel Air Panwa,” said O’Brien. “We are confident the apartments will rent very well, more so to the long-term market given the lack of quality apartments with sea views in this location.”

“On average, the three-bedroom apartments [139 square metres] with a sea view are approximately Bt53,700 per square metre, with the smaller apartments offering an entry point at Bt49,400 per square metre,” he said.

“We have sold a number of apartments to investors in Paris and Hong Kong who saw great investment and capital gain potential,” he said.

Dr Johan Marckx, director of Watson was keen to work with a creditable firm.

“We chose Knight Frank,” he said, “because they had international and local creditability, expertise, experience and knew what we needed from the outset.”

O’Brien said since the tsunami struck, most areas had suffered a fall in rentals. But signs do point to a recovery ahead as arrival figures are rising.

Dr Marckx said that extensive research was undertaken prior to the development and a master plan was drawn up. “The research shows there was a lack of affordable apartments with sea views and that demand remains robust.” Medium-priced sites such as East Coast Ocean Villas, Villa Santi, L’Orchidee, Surin Heights and the Breakers have sold well because of their impressive sea views, said O’Brien who added that Bel Air Panwa should also appeal to first-time as well as seasoned buyers.

“The type of owner occupier buyer will typically be someone who works in Phuket town or in the south of Phuket and who wants to enjoy the benefits of living in a resort style development,” Marckx said. Interested buyers may contact Knight Frank at (076) 318-151.

The company’s founder Mark Watson said his firm was responsible for marketing more than a thousand lots of land last year, raising capital and project managing developments for various clients as well as their own projects.

Watson has now been developing large parcels of land, apartments and detached homes for more than a decade.

--The Nation 2005-06-06

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[Osaka]

Hey, george, any affiliation with Watson?