High demand is expected to sustain Banyan Group’s plans to create a new US$2 billion international lifestyle community in Phuket. An eco-friendly development, Laguna Lakelands will rise adjacent to Laguna Phuket, a leading destination resort developed by the Group. Phuket’s booming property market is currently bolstered by demand from families with intention to relocate on the island in the southern part of Thailand. The trend is expected to hold and strengthen.
Laguna Lakelands will straddle an area of roughly one million square metres (700 rai or 276 acres) worked into botanical gardens, parks, rainforest, lagoons and rolling hills which will envelope the residential buildings and their facilities. As Phuket’s largest private residential community, it is envisioned to become “a self-contained green sanctuary designed for a new community of global citizens seeking high-quality lifestyle balanced by nature”.
A network encompassing a 15-km walkway, footbridges, and cycling trails will provide access to various amenities within the development, including the residents’ own beach club and country club. Meanwhile, Laguna Lakelands’ nature trails and botanical gardens will also be open to the wider community of Phuket.
A PIONEER’S WORK
Banyan Group’s presence in Phuket goes back three decades with pioneering projects that would later on emerge as instrumental to the development of the area’s tourism potential. Today, its flagship integrated resort, Laguna Phuket, draws about one million visitors a year – about 10% of all visitors to the island.
With recent lifestyle shifts that drive global migration and in turn sustain urban flight, remote working and multi-generational living, the number of visitors to Phuket is on an upswing. The only difference, the Group points out, is that now the focus tends to be on staying rather than just spending a holiday on the island.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PLAYING ALONG THE LINES
ClearPath Alignment now adorns the latest TaylorMade TP5 and TP5x Stripe golf balls.
NG CONTINUES TO BLAZE A TRAIL
Sydnie Ng's victory in the Singapore Junior Masters B Division Girls boosts her potential.
DESCENTE ON THE ASCENT
Descente and FILA Golf gives the renovated The Shop at Laguna National Golf Resort Club a trendy boost.
DIVINE PLEASURES FOR A CAUSE
Christian media ministry TWR Asia finds charitable connections through golf.
TO "D" OR NOT TO "D"?
If you chose “D”, you are right and you would be joining millions of people around the world who are choosing “D” as the one necessary supplement they must include in their daily diet.
QUOTIDIAN LUXURY
Audi's new Q4 e-tron offers everyday comfort and performance through sustainable rides.
A RACE LIKE NO OTHER
Join us as we take a front row seat at Le Mans, one of the greatest races in the world, followed by an exclusive tour of Ferrari's automated factory in Maranello, Italy.
CELEBRATING THE MODERN WOMAN
Patek Philippe's Twenty-4 collection has come a long way since its inception at the turn of the millennium, and this year's anniversary edition is a sign of the times.
THE PRIVILEGE OF MEMBERSHIP
Dragon Golf International offers its members in Singapore with access to top courses around the world. Founder and Managing Director Neil Douglas talks about why it may be the answer to the future of golf travel.
THE LURE OF THE LAKESIDE
Banyan Group's massive new undertaking in Phuket rides on soaring international demand for homes on the island
