Coconut Island Makes The Grade
Phuket, October 10, 2006:
A Place in the Sun magazine of the UK has just awarded a Thai island resort the third spot in a recent Top 10 Poolside Properties survey.
Located on the island of Koh Maphrao, 300 metres off the east coast of Phuket, The Village Coconut Island is fully equipped with restaurants, shops, tennis courts, a spa, a fitness centre, and sailing and water sports facilities.
The project includes 142 villas with private pools, ranging in size from 2 to 5 bedrooms.
The Village estate will be managed as a water sports resort which will attract both long-term residents and short-break visitors, the latter yielding excellent rental returns to villa owners.
Christopher Gordon, head of Chrysalis Estates LTD which is in charge of the project, says what makes this development different from anything else on offer in Phuket is that it is not a housing estate. As its name implies, it is truly a village.
"We're building a lifestyle, a residential resort. And it's important that people that buy into it buy into the lifestyle that we're going to create for them, which is all about toys and boats and enjoying life," says Gordon.
Andrew Howard, the project's commercial director for the village said the reason the prestigious magazine chose Coconut Island for the honour was because "we're bloody brilliant".
"The package of the resort is its strong point as also because of the fact that we have a strong UK following," he said. Another factor he mentioned was the fact that the resort's management team arte the original founders of Sunsail, the largest water sports club operator in the world.
It was noted that some 60% of the resort villas have been sold at a starting price of US$363,000.
Article courtesy of Asia Property Report
