Minor Investing In New Phuket Projects

Despite the fact that there are many attractions and accommodations in Thailand such as the luxury resort and spa in Phuket, it does not stop Minor International Plc from investing in the province. The company is known for its specialty in food and hospitality as well as being listed in SET. They are currently planning to invest billions of baht in order to construct three luxury establishments. These are all located in Phuket and expected to be done by 2020.

The three projects include a shopping mall called Turtle Village, an extension of the apartment and pool villas by the Anantara Vacation Club and a super luxury accommodation called Avadina Hills Residences from Anantara.

The chief executive and the chairman of the group, William Heinecke, said that these new projects will help in strengthening the footprint of Minor when it comes to Phuket.

The Avadina Hills Residences by Anantara will be funded equally by two companies, Minor and Kajima Overseas Asia. The location will be set at the 99-rai plot that is next to the AnantaraLayan Phuket and Layan Residences also under the company.

The project will feature 16 luxury villas and will have a sales value of around 6 billion baht. It will be done in two phases. The first phase will cover 11 villas and is currently under construction. The company expects it to be done before the end of 2018. The second phase, on the other hand, will feature five villas which will begin construction after the first phase is completed. They are planning to finish the second phase by 2020.

Luxury apartment and pool villas will comprise the extension of the Anantara Vacation Club Mai Khao. There is a 20 rai adjacent to the club and will be used for the project. This is expected to be finished in 201 and the additional value to the facility will be around 3 billion baht.

If you are staying in a luxury resort and spa in Phuket, you will soon be able to visit the Turtle Village shopping mall. It is expected to be done by 2019 and is located at the Mai Khao beach. There will be space for retail as well as office.

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