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Luxury Villa Slated for Ngapali Beach

Another luxury villa project has been slated for Nga­pali beach, a sign that the country’s fledgling luxury holiday homes market continues to go from strength to strength.

Secret Diamond on Nga­pali is the sum of a joint venture between South Korean firms, Kuko, Jun­glim and HEOH, and local company City and Nature Service.

The villa will contain 13 luxury units which come in three different configu­rations. All of the three bedroom units will have a private swimming pool, while the 2.5 acre com­pound will host a library, restaurant with cafe and bar, a clubhouse, gym andprivate boat dock.

The project is slated for completion within two years.

Beachfront villas like those on the islands of southern Thailand are becoming more common on Myanmar’s west coast as the country’s elite de­velops an appetite for international-standard holiday homes.

The coastal town of Pathein, south of Ngapali beach, has in recent yearsattracted several high-end real estate develop­ers.

The first batch of vil­las from these projects is set to launch in Decem­ber this year. The Ngwe Saung Villas project has sold 64 out of 100 units and demand is “very healthy,” said Soe Thiha Hlaing, executive director of TSC Enterprises, a con­sultancy working with the project’s developers.

Prices for the compa­ny’s Deluxe range of villas start from K400 million, or roughly $291,000, with cheaper options available from K290 million.

 

Source: Myanmar Business Today

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