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Phuket - June 2008
Richmond reports strong sales
by Robert Carry -
Thailand Property Report
Phuket-based developer the Richmond Group has revealed
that units in its developments are being snapped up in
record time by investors eager to get a foothold on the
holiday island.
The firmīs recently launched Kamala project, The Place,
has become one of the fastest selling projects in Phuket
with six apartments reserved within its first two weeks of
sales. By the just-passed three-month mark, half of the
units have been sold. It is a great location, walking
distance from a vibrant community, at an affordable price.
They are great value for money, said sales coordinator
Nathanial Bibby.
Another Richmond project, the Residence Town Homes, is
proving even more popular. The first three phases of the
project sold out so quickly that an additional phase,
which will include 15 new town homes, was added to the
development. Within three weeks of the latest phase
hitting the market, 13 out of the 15 were reserved. Units
in the project come with an eight per cent rental
guarantee for five years, which has proved to be a key
selling point. Richmond project development managers are
now working on adjusting Phase IV to include more town
homes to help cope with additional demand. The new
addition of town homes will include a new one-bedroom
design.
Investors can also now view another Richmond project, The
Pier, which has just opened the doors of its new showhome.
The developmentīs 22 apartments overlook the outlaying
islands of Chalong Bay, and the firm says it expects The
Pier to prove as popular as Richmondīs previous efforts.
The Richmond Group is also working on The Park, a 10 villa
project close to the Laguna golf course. Each villa comes
with private pool and personal butler, and six have
already been bought with company CEO Graham Bibby among
the investors. However, increased land and building costs
means price rises in the region of 10-12 per cent are
expected to come into effect before the end of the year.
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