Apex Development launches Club Med Krabi Resort & The Residences
Apex Development, a leader in the premium mixed-use property development, has pre-launched the Club Med Krabi Resort & The Residences at the Siam Paragon Luxury Property Showcase 2018 at the Siam Paragon.
In a press release issued on Thursday, the company said the pre-launch, on November 8-18, met with success and achieved top sales for this event. More than 60 per cent of residences are sold with a total sales volume valued approximately at Bt626 million, the company said.
Pongphan Sampawakoop, the Chairman of Apex Development, said: “In accordance to Apex’s key strategy to focus on property development that yields the greatest benefit to tourism and investment, the Club Med Krabi Resort & The Residences project in Long Beach Krabi was born.
“This project is the first residence project in Asia that will be managed by Club Med for a 20-year period. The project site is located on Long Beach which is a beautiful and private beach, making it very suitable for the development of the exclusive Club Med project. It will be an outstanding magnet as the new tourist destination of the Krabi province.”
Xavier Desaulles, CEO East and South Asia & Pacific (ESAP), Club Med, said: “Club Med is the leading all-inclusive resort. Established in 1950, we now have more than 70 resorts in 30 countries worldwide. We are very delighted to collaborate with Apex Development to manage the Club Med Krabi Resort & The Residences in Long Beach Krabi that embodies the spirit of Club Med, as well as the beautiful natural scenery of the Andaman sea against the backdrop of island vistas such as Poh Da Island and Phi Phi Island.
“This makes the location ideal for diving and other water and land activities and a suitable location for tourism and the opening of the ‘2nd Club Med’ in Thailand since the opening of the Club Med Phuket over 30 years ago.”
The company said Club Med Krabi Resort & The Residences is a mixed-use development on a land area of 100 rai with approximately 300 meters of beachfront. Conveniently located only 30 minutes’ drive from the Krabi International Airport, the project comprises of 300 hotel guest rooms and 58 residence units of one and two-bedrooms with sizes from 79 to 155 sqm, featuring both Sea view and Lagoonview.
Price starts from Bt12.3 million for this freehold low-rise condominium, making it a rare investment opportunity for investors-buyers that likes to invest in resort projects that can generate both good short-term and long-term rental return from the Rental Management from Club Med for a period of 20 years.
Construction of the project is scheduled to begin in the 2nd Quarter of 2019 and completed in the 3rd Quarter of 2021.