Banyan Group Residences is set to present its most luxurious Phuket homes at a sales exhibition in Singapore from 31 May to 1 June. The event, held at the Fairmont Hotel, will feature the Banyan Tree Beach Residences Oceanus, a collection of ultra-luxury condos located in the coveted Bang Tao district. This exhibition comes as international interest in Phuket’s luxury real estate market surges, with Singapore accounting for 6% of the group’s sales.
The Banyan Tree Beach Residences Oceanus, situated on the beachfront of Laguna Phuket, offers 16 four-bedroom units with sizes ranging from 416 to 768 square metres. These residences are crafted with high-quality materials and are expected to set new price records on the island. Additionally, the exhibition will highlight other projects, including the wellness-focused Residences at Garrya Phuket and the contemporary Laguna Lake Residences Aster.
Banyan Group, led by Singaporean entrepreneur Ho Kwong Ping, has been instrumental in transforming Phuket into a prime destination for second homes. Stuart Reading, Managing Director of Banyan Group Residences, noted the increasing demand for Phuket homes due to factors like urban flight and the island’s appeal as a year-round tropical haven. He emphasised that high-quality properties in Phuket remain more affordable than in markets like Hong Kong and Singapore.
The group plans to release $1b worth of new luxury real estate in Phuket over the next few years, with 700 units currently under development. The Laguna Advantage initiative offers new homeowners services such as management and education privileges, enhancing the appeal of living in Phuket.
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