Apartment on Kamala, Thailand, 47 m²

MontAzure is a mega-project in the northern part of Kamala beach with an area of 454 rai (73 hectares): the first luxury-segment ptoject in Phuket (at the level of the best branded residences in Dubai), an alternative to Laguna on Bang Tao with high chances to become more interesting. The general developer is formed by three of the largest investment houses in Southeast Asia from Thailand, Singapore and Hong Kong.

Kamala is the best place to launch such a project, this is confirmed by the fact that the residence of the King of Thailand and the recently opened first Hyatt in Phuket are located on Kamala Millionaires' mile.

The infrastructure of the project already includes some of the best hotels in Phuket Intercontinental and Twinpalms MontAzure, the best restaurants on the island of Hom and Cafe Del Mar, the best spa (in the Intercontinental infrastructure). The confirmed future participants of the project are the Botanica MontAzure Villas and the Mövenpick Hotel.

Currently, apartments are being built and sold in the MGallery Residences MontAzure brand residence. It is located 350 meters from the coastline of Kamala Beach and these are the first MGallery brand residences in Thailand.

The gated complex has 24 buildings (blocks) from 2 to 6 floors with a total of 227 apartments: studio apartments from 47 sq.m to 54 sq.m (4 studios on each floor) and 1 bedroom from 60 sq.m to 73 sq.m (3 apartments per floor).

The project will be located on two artificial lakes, water to which will flow through the existing riverbed created by the developer through waterfalls to solve the main problem of the Lagoon lakes: the movement of water and waterfalls will ensure the purity of lakes and allow them to be populated by fish that feed on mosquitoes.

As for investments?

The MGallery Group of hotels, which is part of the ACCOR International Group of hotels, will lease and/or manage.

Investors who have joined the rental program can stay in their apartments for 45 days annually. The group also provides a flipping program, available from the second year of ownership - if the owner does not want to spend a vacation in Thailand, he can use his free-stay to stay in partner hotels in other parts of the world (at the moment, the partnership with Fairmont hotels has been confirmed).

The rental program will be in the form of a rental pool, where income will be distributed as follows:

40% to the owner and 60% to the operator of the GROSS INCOME (that is, the expenses of the management company for towels, shower gels, etc. do not affect the owner, but are deducted from the share of the management company).

For conservative investments, you can choose a 6% fixed income program for 3 years, and in this matter the developer has a trump card - TwinPalms MontAzure (the first project of the general developer) did not recognize the COVID-19 pandemic as force majeure and paid a fixed return to all participants.

The developer expects an increase in value after commissioning by 10-15% of current prices and the same increase in capitalization ahead of the market annually as additional projects are implemented.

MGallery's financial rental yield model is kept a commercial secret, and it also predicts rates for such a mega-project (also a new class for the island) difficult. But you can be sure that as the project develops, the profitability of the complex itself will grow, and together, capitalization growth and rental income will outpace the market.

You can focus on the TwinPalms MontAzure project, which costs guests from 220-320 US dollars per day in low season to 670-1100 dollars in high season (subject to booking in advance 6 months in advance). It is also worth noting that even at the height of the low season, the hotel shows excellent occupancy.

Completion of construction is the end of March 2025.