This is a highly recommended resort residence just 380 meters from the beachfront of Kamala. It is operated by 5-star hotel MGallery by Accor group.
Kamala is an up-and-coming area of Phuket with several condominium projects under development, which are expected to give the beach town a huge up-swing in terms of tourism, restaurants, and shopping options.
There will be a total of 233 studio and one-bedroom units. There are also options to combine unit types and create two and three-bedroom units. The studio unit sizes range from 47 to 54 sqm. For one-bedroom units, the sizes range from 56 to 70 sqm.
The community is gated and guarded with 24-hour patrol & monitored CCTV.
Buyers will have the option to make their units available for rent through MGallery, a five-star hotel, which is part of the Accor Group. The owner will be entitled to use the unit for 45 days per annum. The owner can utilize those days at any time of the year. However, the number of days used forfeited per stay will depend on the time of the year when the visit takes place.
There is no guaranteed return offered as is typical with luxury real estate offerings. However, it is believed that the potential of a good return is very high considering the location and quality of the development as well as the fact that the operator will be an international hotel group and not the typical asset managers, so they are very experienced in running such a rental scheme and driving occupancy.
Onsite facilities will include a Residents’ Lobby, All Day Dining Restaurant, Gym/Yoga Studio, Spa, Two Swimming Pools, a Kid’s Play Area and Pool, a Pool Bar and Outdoor Event Spaces.
Staff will be on duty 24 hours a day to assist residents and guests.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full and managed with reasonable care, it is about the safest investment in the world.”
- Franklin D Roosevelt