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Phuket, March 26, 2007:

Phuket's growing reputation as a high-end boating haven for the rich received a boost with the launch of a new marina home project on the northeastern coast of the island.

Developed by Waterscape Group, Andarina is comprised of five luxury waterfront pool villas overlooking Phang Nga Bay with a cost of Bt200 million. Each 587-square-metre villa has five bedrooms, five bathrooms, two car parking spaces, and a marina.

The Phuket real estate project has clearly put the focus on luxury. "Through a courtyard, buyers will enter into the vast living room, opening onto a spacious balcony with stunning ocean view," says the developer.

"Stepping down to the Level Two, the residents will find dining, living and relaxing areas, Western and Thai kitchens, alfresco terrace, and a multi-purpose room. The Level Three features the master bedroom overlooking a private terrace and breathtaking views and a twin bedroom with en-suite bathroom. The Level Four features a large infinity pool overlooking the ocean and a private marina; also on this level is a double en-suite bedroom with terrace."

In 2002, Waterscape Group invested in a land bank in Phuket and Phang Nga including a unique and breathtaking scenery plot at Khor-En, Mai-Khao Phuket.

Andarina offers its purchasers a 30-year leasehold ownership structure with options to renew, with starting price from Bt27.5 million. CB Richard Ellis has been appointed as the sole agent for Andarina.

Waterscape Group began investing in the property market 10 years ago on apartments in Bangkok. Future projects of the Group include 200 unit home-offices on 76 rai of land on the by-pass road in Phuket town and a beachfront resort project on 20 rai at Phang Nga Bay.

Article courtesy of Asia Property Report

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