Another home for sale in Phuket – at $8m
Villa Chan Grajang. Yours for US$8m, or roughly B256m.
Oh dear. Just when we thought we’d found Phuket’s most expensive home for sale, at US$7 million, along comes another one selling for US$8 million.
Not only that, it’s not on Millionaires’ Mile – it’s up above Surin Beach, effectively out-millionairing Millionaires’ Mile by a million bucks.
“Surin Beach is becoming an iconic Asian island getaway for the rich and famous come to unwind,” confirms Bill Barnett, Managing Director of hospitality consultancy C9 Hotelworks. “They are lured to Surin by [the attraction of] complete privacy in an exotic Asian destination, be it a mega villa overlooking the stunning Phuket west coast or a cruise to Phang Nga Bay in a super yacht.
“As a sign of the times, Phuket International Airport is building a private jet terminal to handle the growing number of these affluent arrivals flocking to the area.”
The eight-million-dollar house for sale, Villa Chan Grajang, is at the top of the Ayara Baan Thai Surin Hill estate, with huge views across the ocean. It attracts more than its fair share of rentals in the very high-end market. It was completed about 18 months ago.
Joanne Baylis, founder of Awesome Villas and the owner’s representative of Villa Chan Grajang, says, “The villa is a good example of a Surin lifestyle property that is impeccably maintained, staffed and operated, and consequently has a 95% occupancy rate and a waiting list that includes some of the world’s most affluent individuals.”
Quick description: Villa Chan Grajang has six bedrooms (all ensuite, of course), parking for up to six cars, interiors by Angela Hall and seven full-time staff including a chef (no, you don’t get to own them – you have to pay them salaries). Four of them live in.
Villa Yin - selling at a bit of a discount.
Interestingly, Villa Yin, at Cape Sol on Millionaires’ Mile, which was for sale at this time last year for US$8 million (See NY Times article) is currently listed at $7.25 million. The owners also built Villa Yang next door, and that’s currently for sale at $4.25 million. If you buy both, you can probably get a good discount.
Our question is, why do these people spend so much money and time building these astonishing homes and then turn around almost immediately and sell them? Where’s the joy in that?
