Banyan Tree Residences Sichon offers an unparalleled collection of luxury pool villas nestled directly on the picturesque beach. While investment floods into Phuket, savvy developers are snapping up “first mover” advantages in up-and-coming locations, buoyed by Thailand’s growing reputation as one of the world’s most desirable places to live.
The branded residences sector in Thailand is booming, spreading its wings across the country and creating prime opportunities for investment in alternative, yet equally stunning, locations. These new hotspots boast iconic natural scenery without the hefty price tags found in traditional destinations like Phuket.
Riding on the coattails of Thailand’s thriving tourism industry, which saw over 40 million international visitors in 2019 with projections aiming as high as 80 million by 2028, the branded residences sector is witnessing a significant upsurge. Discerning travelers are no longer just visiting their dream destinations; they are making the leap to establish long-term residences in Thailand. This growing trend has spurred a real estate boom in Phuket, which now ranks as the fourth largest market globally for branded residences, trailing only behind Dubai, New York City, and Miami.
With land prices skyrocketing in tourism epicenters, sharp-minded developers and investors are shifting their gaze towards “hidden gems,” especially along the serene coastal areas. Banyan Group, celebrated as the world’s fifth-largest branded residence operator according to Savills Research, recently inked a deal for an exciting new venture in Sichon, an enchanting beachfront haven in the province of Nakhon Si Thammarat. With its grand opening slated for June 2024, Banyan Tree Residences Sichon aims to allure entrepreneurial buyers with its untouched natural beauty, impeccable build quality, reliable brand recognition, and exceptional value.
The investment appeal of novel locations like Sichon becomes clear when juxtaposed with the soaring land prices in more established areas. For instance, beachfront land in Bang Tao, Phuket, now commands over THB 100 million per rai as per Colliers International Thailand. This marks a staggering leap from THB 7.5 million in 2004, as recorded by Thailand’s Agency for Real Estate Affairs. This stark contrast highlights the tremendous potential for early movers in emerging locales, where entry costs are significantly lower, presenting a golden opportunity for forward-thinking investors like Urasaya Property. The award-winning brain behind Banyan Tree Residences Sichon, Urasaya Property, is poised to unveil the hidden treasures of Sichon to the world.
“The surge in land values in renowned markets has been extraordinary, yet the window of opportunity in these emerging locations promises exponential growth,” remarked Ravi Chandran, a Phuket resident of 25 years and Executive Director of Urasaya Property. “Securing a first-mover position in areas like Sichon could offer long-term dividends for early investors.”
The recent inauguration of a new international terminal at Nakhon Si Thammarat Airport, coupled with the burgeoning “work from anywhere” movement and capital flight pressures, are acting as additional demand drivers for Sichon. The destination boasts proximity to international education facilities, healthcare services, and shopping centers within a 30-40 minute radius, while preserving the natural splendor and cultural authenticity that initially attracted global travelers to Thailand three decades ago.
“Nakhon Si Thammarat is just a hop, skip, and a jump from Phuket and Samui. One can easily drive from Phuket to Krabi, onto Nakhon Si Thammarat, and then ferry over to Samui. The entire southern part of Thailand brims with potential, and we are eager to play a part in its development,” said Stuart Reading, Managing Director of Banyan Group Property Development.
Prestigious hospitality names like Banyan Tree have played a pivotal role in the success story of Thailand’s branded residences, extending their footprint beyond Phuket to locales such as Sichon and Khao Yai, perched tranquilly three hours north of Bangkok, offering assured quality to buyers.
As per the expert industry analysts at C9 Hotelworks, the branded residences sector in Phuket has soared to an unprecedented supply value of THB 80 billion, a historic peak. This strong performance bodes well for new and emerging venues like Sichon.
“The robust growth of the branded residence sector marks another evolution in Thailand’s tourism industry,” stated Stuart Reading. “As global connectivity strengthens and barriers to life, work, and travel dissolve, more guests are opting not just to visit Thailand but to carve out a new life here. With its blend of natural beauty, authenticity, connectivity, exceptional value, and Banyan Group’s five-star service, Sichon stands as an exhilarating destination poised for remarkable growth in the upcoming years.”
To discover further details about Banyan Tree Residences Sichon, please visit sichon.banyantreeresidences.com.
Are we seriously promoting more developments that take over natural lands? We should focus on preserving Thailand’s natural beauty, not ruining it with more luxury residences.
While I get your point, developments like these offer economic benefits and job creation for locals. It’s a balance we need to strike.
Economic benefits at what cost? Once we lose these pristine environments, they’re gone forever.
Exactly, Amanda. This constant push for development is unsustainable!
I think Banyan Tree Residences Sichon is a fantastic investment! Thailand is booming, and getting in early sounds like a smart move.
Totally agree, John! Real estate in Thailand can be a goldmine if you pick the right spots.
Don’t forget the risks though. Thailand’s property laws can be tricky for foreign investors.
Why can’t we just leave these beautiful places alone? We don’t need more concrete jungles.
It’s not a concrete jungle if it’s luxury villas. They’re designed to blend with nature.
That’s what they always say, but eventually, it all leads to overdevelopment.
I understand the need for development, but we should ensure adequate environmental assessments are conducted.
If only more developers thought like you, Gavin. Always about the profit!
True, but there are some who are starting to take the environment seriously.
Agreed. Responsible development is key. It’s possible to have both economic growth and environmental preservation.
With the new international terminal opening, Sichon is set to become the next big thing. I’m seriously considering investing.
Elaine, same here! It’s perfect for those looking for a quieter alternative to Phuket.
Just make sure you do thorough research before investing. New areas can be unpredictable.
Will these developments make the area unaffordable for locals?
That’s a valid concern, Samuel. Gentrification often drives up prices and pressures locals.
It’s a double-edged sword. Development brings opportunities but can also impact local affordability.
I love Thailand and I think Sichon could use some modernization. It’s about time!
Modernization doesn’t mean we should disregard the local communities and ecosystems.
Tourism isn’t the only answer. We need to diversify Thailand’s economy to avoid over-reliance on tourism.
Thailand’s charm is in its natural beauty and culture. Luxury villas just don’t fit that vibe.
This sounds like a fantastic opportunity for those who can afford it. Not everyone wants to live in busy cities.
I think developments like this will only benefit a select few. Meanwhile, the local population might not see much improvement.
I’m a big fan of Banyan Tree’s resorts. Their developments are always top-notch.
As much as I love Thailand, I’m worried we’re losing its essence in favor of luxury and profit.
Is it possible for these luxury developments to coexist with nature? I hope the builders are considering sustainable practices.
Investors have a real opportunity here. Early movers in Sichon could see incredible returns.