Village at Coconut Island adding villas

The Village at Coconut Island, a villa resort on a small island off the coast of Phuket, is undergoing its second round of development after a loan by the state-owned Islamic Bank of Thailand.

The resort is currently closed while building is underway. Construction will be finished and the resort will re-open by November.

Chris Gordon, managing director of the resort, is leading the construction of 78 two-bedroom pool villas and 116 jacuzzi suites overlooking Phang Nga Bay. All but five of the 44 villas in the first phase of construction have been sold for prices of THB20 million to THB45 million (US$620,139 to US$1,395,169). The jacuzzi suites will be aimed at the rental market.

The resort is also constructing a new restaurant and waterfront bar, spa, two all-weather floodlit tennis courts, a business conference centre, and a New York-style deli.

By bperry
From : Property Report : July 23, 2010