Banyan Group Expands with 15 New Phuket Properties
Banyan Group solidifies Phuket’s status as a premier luxury destination with significant investments in new residential developments.
Banyan Group, one of the world’s leading multi-branded hospitality groups, reaffirms its commitment to expanding its portfolio in Phuket with 15 properties under the Banyan Group Residences portfolio. This strategic focus on Thailand’s renowned resort island underscores Phuket’s thriving property market across various segments.
In recent years, especially post-COVID, Phuket, Thailand’s largest island, has evolved from a tourist paradise into the ultimate vacation home destination for high-net-worth individuals (HNWIs) globally. Banyan Group’s 15-project investment underscores Phuket’s growing prominence as a premier relocation destination to watch.
Mr. Ho Kwon Ping, Founder and Executive Chairman of Banyan Group, says, “Banyan Group is confident in Phuket’s extraordinary potential, recognising it as more than just a destination of breathtaking beaches and vibrant culture. With significant infrastructure investments, top-tier healthcare, and international education systems, Phuket is poised to become a world-class luxury lifestyle destination. In response to growing demand, we are shifting our focus from hotels to residential properties on the island.”
Known for its year-round pleasant weather, world-renowned beaches, and distinctive Sino-Portuguese architecture, Phuket offers a unique blend of Bangkok’s bustling atmosphere with serene island life. Voted as one of Asia’s best islands by the 2023 Condé Nast Traveler Readers’ Choice, Phuket boasts top-tier amenities comparable to those found in major cities, including 12 international schools, leading hospitals, wellness centres, and a vibrant food and drink scene, ensuring a high-quality, well-balanced lifestyle for any family. Enhanced connectivity through the Phuket International Airport expansion and the new LRT-2 light rail line further boosts its appeal.
Real estate in Phuket is booming, with high demand for condos and villas in prime locations close to the beach. “Owning a vacation home in Phuket represents a promising investment opportunity,” notes Mr. Ho Kwon Ping. “The island’s real estate market has shown consistent growth, attracting affluent individuals seeking luxury and the unmatched natural beauty of the Andaman Sea. Banyan Group is embracing this trend with 15 distinctive projects, each offering prime locations that seamlessly blend with the surrounding nature and embody Phuket’s unique lifestyle. Banyan Group provides exceptional opportunities for buyers seeking one-of-a-kind properties in a secure, world-class environment. With over 30-year track record, an award-winning reputation, and exclusive owner benefits through our global Sanctuary Club, Banyan Group delivers unparalleled experiences for homeowners and investors alike.”
Updating on current projects, the founder shares, “In April, we launched Garrya Residences Phuket to positive customer feedback. Offering luxury beachfront wellness living starting at around THB 34M, it epitomises tropical wellness with comprehensive facilities. Additionally, our seven-storey Lakeview Residences in Laguna Lakelands just released the final Phase I block, starting at affordable prices around THB 7.XM. In July, we will also unveil the four-storey Lakeside Residences.”
Banyan Group shapes Phuket as a premier second home destination, blending luxury living and financial prosperity. Committed to sustainability, its projects seamlessly merge opulence with eco-friendly practices. In Phuket, all properties prioritise eco-sensitivity, meeting high comfort and luxury standards alongside sustainable measures like energy efficiency and waste management. Banyan Group aims to harmonise luxury with ecological responsibility, minimising environmental impact across its developments.
Listed on the Stock Exchanges of Thailand and Singapore, Banyan Group currently owns and manages a diverse portfolio of multi-brand hotels and properties. This includes the original Banyan Tree hotels and residences, as well as the Banyan Tree Veya wellness resort and Banyan Tree Escape adventure resort. The portfolio also features Angsana, Cassia, Dhawa, Homm, Garrya, Folio, and Laguna, an integrated resort in a self-contained environment, located in Thailand’s Phuket, Indonesia, and Vietnam.
Banyan Group Residences recently garnered an impressive 12 accolades at the 2024-25 International Property Awards, the highest number received by any developer in the Asia Pacific region. These awards reaffirm the Group’s commitment to developing real estate projects that meet international standards.
For more information about Banyan Group Residences in Phuket, please visit www.banyangroupresidences.com
Source: https://www.bangkokpost.com/thailand/pr/2822336/banyan-group-expands-with-15-new-phuket-properties
