In a strategic move that cements Phuket’s status as a premier luxury destination, the globally renowned Banyan Group is expanding its portfolio with 15 new properties on the island. This ambitious initiative underscores the group’s commitment to enhancing Phuket’s real estate landscape, marking it an elite haven for high-net-worth individuals (HNWIs) and discerning investors worldwide.
Transforming Phuket into a Luxury Haven
Banyan Group, celebrated for its multi-branded hospitality ventures, has strategically chosen Phuket for its latest expansion. The island, known for its pristine beaches and vibrant cultural heritage, is swiftly transforming from a tourist hotspot to a sought-after vacation home destination. This evolution is particularly pronounced in the post-COVID era, where the demand for high-end residential properties has surged.
Mr. Ho Kwon Ping, the visionary Founder and Executive Chairman of Banyan Group, shared his insights: “Banyan Group is confident in Phuket’s extraordinary potential, recognizing 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.”
Phuket’s Appeal to Global Elites
Phuket, Thailand’s largest island, offers an alluring blend of natural beauty and modern amenities. It has been recognized as one of Asia’s best islands by Condé Nast Traveler in 2023. The island’s appeal extends beyond its picturesque landscapes, including robust infrastructure, such as 12 international schools, leading hospitals, wellness centres, and a thriving culinary scene. Enhanced connectivity through the expansion of Phuket International Airport and the introduction of the new LRT-2 light rail line further amplifies its attractiveness.
Real estate in Phuket is flourishing, with a notable demand for condominiums and villas in prime beach locations. Mr. Ho emphasizes, “Owning a vacation home in Phuket represents a promising investment opportunity. 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.”
Launch of Prestigious Properties
Banyan Group’s latest projects reflect its dedication to luxury and sustainability. Recently launched properties include the Garrya Residences Phuket, offering luxury beachfront wellness with prices starting at approximately THB 34 million. The seven-storey Lakeview Residences in Laguna Lakelands has also seen strong interest, with the final block of Phase I starting at around THB 7 million. The upcoming Lakeside Residences, set to launch in July, also promises to further elevate the island’s real estate offerings.
These developments align with Banyan Group’s commitment to sustainability. Each property is designed with eco-friendly practices, focusing on energy efficiency and waste management. This approach ensures that luxury living goes hand in hand with ecological responsibility, minimizing each development’s environmental impact.
A Legacy of Excellence
Banyan Group, listed on the Stock Exchanges of Thailand and Singapore, manages an impressive portfolio that includes Banyan Tree hotels and residences, Banyan Tree Veya wellness resort, and Banyan Tree Escape adventure resort. The group also operates the Angsana, Cassia, Dhawa, Homm, Garrya, Folio, and Laguna brands, each offering unique experiences across Thailand, Indonesia, and Vietnam.
Banyan Group’s dedication to excellence was recently recognized with 12 accolades at the 2024-25 International Property Awards, the highest number received by any developer in the Asia Pacific region. These awards highlight the group’s unwavering commitment to developing properties that meet and exceed international standards.
For more information on Banyan Group Residences in Phuket, visit www.banyangroupresidences.com.
Written by: Kanda Limw
