What’s more, these large-scale projects are often overseen by some of the brightest minds in the industry. Leading architecture and design studios are increasingly trying to outdo each other with the quality of their projects, creating wonderfully innovative projects. Many new developments are also being built in an eco-friendly manner, including highly efficient concepts that reduce the cost of energy bills and create a more pleasant environment for residents.
Some may be focused around the corporate sector, some may have a strong retail element, and others may be dedicated to retirees with healthcare and concierge services. MontAzure for example, features a collection of private luxury estates, waterfront apartments, upscale leisure facilities and more, spread across 72 hectares of mountain to beachfront land on Phuket’s west coast, which makes it ideal for well-heeled residents seeking a new life in paradise.
Because they have been built in a way that combines support services and facilities, investors know their residence will have a long-term appeal. These areas often become vibrant communities where guests can mingle with fellow residents and access a full range of facilities. And in many cases they are well connected by transport links, which further enhance the investment potential and raise rental demand.
Finally, residents and investors in mixed-use developments can benefit from professional property management services, which ensures that the quality and value of the development is maintained in the long term. For example, MGallery Residences MontAzure MontAzure Lakeside is supported by Accor, one of the world’s largest and most prestigious hotel groups, ensuring exceptional service for all residents.
For developers, combining multiple elements reduces (or at least spreads) the risk of their project, while also enhancing their ability to attract tenants. Increasingly, we are seeing new projects targeted at specific sectors of the market, such as elderly guests or high-end residents, with customised services to suit. In Thailand it is also becoming common to see mixed-use developments rising near major transport links, such as expressways and mass rapid transport stations.
MontAzure is a great example of how mixed-use developments, when done right, can elevate a destination and enhance the lives of residents and investors. Created by three of the most prestigious property and hotel investment groups in Asia – The Narai Group (Thailand), Arch Capital (Hong Kong) and Philean Capital (Singapore), part of Pontiac Land Group – it has already received a series of prestigious industry honours, including “Best Mixed-Use Development (Thailand)” at the PropertyGuru Asia Property Awards.
Nestled on Phuket’s highly desirable sunset coast, this expansive complex is home to a series of international hospitality and leisure brands, including MGallery Residence MontAzure, Twinpalms Residences MontAzure, InterContinental Phuket Resort and Cafe Del Mar, which are transforming Kamala Bay and the entire island.
Twinpalms Residences MontAzure, please head to montazure.com/twinpalms-residences
MGallery Residence MontAzure, please visit montazure.com/mgallery-residences