Serenity seeks more Malaysian buyers for Phuket project

Posted on | May 5, 2008

By THE STAR

HIGH-END residential developer Serenity Development Group is looking to attract more Malaysian purchasers for its latest luxury development, Serenity Terraces in Phuket, Thailand.

The beachfront development, which comprised apartments, penthouses and villas, had already seen “encouraging” interest from Malaysian buyers, said development director Elad Kushnir.

“We look forward to attracting more Malaysians in the future,” he told a press conference recently.

Elad said that there was an increasing number of Malaysians with businesses in Thailand and more Malaysians were looking to invest in properties there.

The Serenity Terraces development project, which overlooks Chalong Bay, is 60% complete with about 30% of the units already sold, primarily to European purchasers, he said.

The development consists of 52 luxury residential units with a gross development value of US$30mil. Prices of the properties range from US$450,000 to US$1.2mil.

Green Heritage Group is the principal consultant for the project and provides full marketing and sales as well as development management for Serenity Terraces.

According to its chief operating officer and director Ramesh K. Hamal, purchasers are guaranteed great value in capital appreciation.

“As the project is located in Phuket, buyers are assured of great capital returns,” he said.

Also present at the press conference was reigning Formula One (F1) champion Kimi Raikkonen, one of the newest residents of Serenity Terraces.

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