Ideas 1606, a developer of holiday homes under the Veyla brand, plans to sell six villas on Natai Beach on Phang Nga Island for 75 million baht each by the end of this year, and also plans to launch a new project on a plot of land with an area of 100 rai on Phi Phi Island in 2024.
The demand for luxury villas on the coast among Thai buyers is growing both for personal use and for renting. Na Tai has become a popular place for beach holidays among wealthy travelers, especially from Europe, who have resumed their trips to Thailand since last year.
Put up for sale in mid-2019 for a total of 1.2 billion baht, Veyla Natai Residences completed construction in the middle of last year.
Currently, six of the 15 three-bedroom villas are still available for sale.
After the pandemic, the sales strategy was changed: from the sale of villas without finishing to the sale of fully furnished properties. Additional services and a rental program have also been added to attract investment buyers. Although prices were revised upwards by 15% from 65-85 million baht to 75–98-million-baht, customer feedback was positive as seven more units were sold compared to two units sold before the pandemic.
As the purchase of rental villas is becoming popular among Thai buyers, we have partnered with Elite Havens to manage our rental program.
Last year, several villas with sea views were rented out at a price of $2,000 per night.
In the period from November to December last year, the resumption of the flow of foreign tourists increased the rental income of these villas by up to 8%.
Its plan is to develop a project for a luxury holiday property, which should be launched next year.