Banyan makes major moves in Phuket

PHUKET, 2 July 2024: Banyan Group will expand its portfolio in Phuket with 15 properties under the Banyan Group Residences portfolio, underscoring its focus on Phuket’s thriving property market across various brand segments, including the second-home segment.

Banyan Group Founder and Executive Chairman Ho Kwon Ping explains: “Banyan Group is confident in Phuket’s extraordinary potential, recognising it as more than a destination of breathtaking beaches and vibrant culture. With significant infrastructure investments, top-tier healthcare, and international education systems, Phuket is poised to become a world-class luxury lifestyle destination. In response to growing demand, we are shifting our focus from hotels to residential properties on the island.”

Ho Kwon Ping, Founder and Executive Chairman of Banyan Group.

Real estate in Phuket is booming, with high demand for condos and villas in prime locations close to the beach. 

“Owning a vacation home in Phuket represents a promising investment opportunity,” the group’s chairman notes. “The island’s real estate market has shown consistent growth, attracting affluent individuals seeking luxury and the unmatched natural beauty of the Andaman Sea. Banyan Group is embracing this trend with 15 distinctive projects, each offering prime locations that seamlessly blend with the surrounding nature and embody Phuket’s unique lifestyle. Banyan Group provides exceptional opportunities for buyers seeking one-of-a-kind properties in a secure, world-class environment. With over 30-year track record, an award-winning reputation, and exclusive owner benefits through our global Sanctuary Club, Banyan Group delivers unparalleled experiences for homeowners and investors alike.”

Listed on the Stock Exchanges of Thailand and Singapore, Banyan Group owns and manages a diverse portfolio of multi-brand hotels and properties. This includes the original Banyan Tree Hotels and Residences, as well as the Banyan Tree Veya wellness resort and Banyan Tree Escape adventure resort. The portfolio also features Angsana, Cassia, Dhawa, Homm, Garrya, Folio, and Laguna, an integrated resort in a self-contained environment in Phuket, Thailand.


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