Strong Investor Interest from Hong Kong and Mainland China in New Banyan Tree Luxury Residences
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Strong Investor Interest from Hong Kong and Mainland China in New Banyan Tree Luxury Residences
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Category: Asia Pacific - China - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-04-19
HK$48 million instant sales during 2-day showcase at Landmark Mandarin Oriental, Hong Kong
A showcase of new luxury residences by multi-award winning 5-star resort operator Banyan Tree attracted overwhelming interest from Hong Kong travelers and investors.
Around 120 potential investors attended the two day exhibition, confirming immediate sales worth more than US$8million (HK$48million). Discussions continue with numerous other interested parties.
Banyan Tree Residences (www.banyantreeresidences.com) unveiled luxury villas and apartments at four city and resort properties across Asia at the Landmark Mandarin Oriental from March 25-27.
On show were new villas, townhouses and apartments in Phuket and Bangkok, as well as the Indonesian island of Bintan neighbouring Singapore and the historic 'Silk Road' outpost of Lijang in southwest China.
Amous Lee, Director of International Property Investment for marketing agents Knight Frank, said: “With prices in the Hong Kong luxury residential market ranking among the most expensive in the world, rising by around 16 per cent in the last 12 months alone, many Hong Kong and China investors are looking for investment alternatives.
Resort properties are now once again in strong demand as they offer investors long term rental income with capital growth opportunities, as well as a holiday home to relax. The response was overwhelming not only from Hong Kong Chinese buyers, but also mainland China.”
Interest was so significant from mainland China that showcases are also being scheduled in Beijing, Shanghai and Wenzhou.
The exhibition featured Banyan Tree Residences Bangkok, an exclusive address at the 61-storey Banyan Tree Bangkok hotel; Banyan Tree Lijiang Residences in the highlands of Yunnan; Bintan Residences overlooking the South China Sea on Bintan close to Singapore; and residences integrated into Laguna Phuket, one of Asia’s finest destination resort developments.
In addition to staying in their residences for up to 60 complimentary days every year enjoying the exclusive Banyan Tree lifestyle, owners can choose to receive a 6 per cent fixed return for six years or opt for a share of the actual room revenue.
The strength of the Banyan Tree brand, one of the world’s most admired luxury resort operators, provides buyers with confidence in quality development, services, management and income – with peace of mind from hassle-free maintenance, cleaning, landscaping and security.
Prestigious Banyan Tree Hotels & Resorts was founded in 1994 with its flagship resort at Laguna Phuket.
With a corporate philosophy and mandate to provide a Sanctuary for the Senses, each subsequent Banyan Tree property blends seamlessly into its natural surroundings, providing discerning guests a sense of place.
About Banyan Tree Residences
Banyan Tree Residences provide an opportunity to invest in a signature Villa, Townhouse or Apartment within Banyan Tree Hotels and Resorts. Residence owners receive an annual return of 6% for 6 years, with options to renew with the potential to provide an appreciated investment in the years to come. Investors also enjoy 60 days complimentary use of their property every year and are also entitled to membership of the exclusive Banyan Tree Residence Club, which gives owners privileges at other Banyan Tree Hotels and Resorts. Banyan Tree Residences are in city, beach and mountain locations, Phuket and Bangkok in Thailand, Lijiang in China, Bintan in Indonesia and The Seychelles.
About Knight Frank
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner, Newmark Knight Frank, operate from 209 offices, in 47 countries, across six continents. More than 6,840 professionals handle in excess of US$755 billion worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants.
Knight Frank has a strong presence in the Greater China property markets, with offices in Hong Kong, Beijing, Shanghai, Guangzhou and Macau, offering high-quality professional advice and solutions across a comprehensive portfolio of property services.
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