David Lloyd and Absolute Group announce the new innovative ‘Fractional Ownership’ program in the Thai property market - offering holiday home buyers an option to own property at their favourite destination; Phuket and Samui.

This Fractional Ownership program offered by Absolute Group and David Lloyd will be the first fractional program executed for the property market in Phuket. The program´s aim is to offer holiday home buyers from around the world an option to own a holiday home in famous destination like Phuket or Samui.

The program will also be available for the very popular centrally located - Bangla Suites Jacuzzi Condominiums, a luxury apartment complex located right in the heart of Patong, developed by Bangla Suites Co., Ltd, an associates company of the Absolute Group, and the two new joint venture projects between Absolute Group and David Lloyd; Absolute David Lloyd Beach Club at Nakalay on Phuket, and a new upcoming project in Thongkrut, Samui.
 
Bryan Lunt, Chairman of Absolute Group said that “Fractional Ownership program is designed to be an alternative ideal for buyers who are holiday maker or even Thai people to own property on the desired period of time for their holiday rather than buy the unit and use only a few times in a year.”

“It´s not a new program but it is new to the Thai market and we think it will generate more benefit to buyers and it will become an ideal for holiday home buyers in very near future. It´s an ideal opportunity to own top quality place, have someone look after for you 24 hours a day, and also pay you good money if you let them rent it out too. How many people would bother to buy a quality speed boat, learn to drive it as well as look after it - not many for sure. With our new fractional ownership the boat and caption is included”

Absolute David Lloyd Beach at Nakalay, Phuket, is a new boutique condominium project in Nakalay, one of the most beautiful beaches near Patong Bay, facing Andaman Sea and over looking Patong. It’s a joint venture between Absolute Group, David Lloyd, and A Plan company who is the land owner and developer. The project comprises 33 units and almost  80% have already been sold within 3 months since the soft launch - now only 7 units are remaining. These 7 units in the project will be available on a fractional ownership basis. Price for fractional ownership starts from 775,000 Baht for a 4 week or 28 night ownership period each year for LIFE*

The new project at Thongkrut, Koh Samui is a luxury resort with 17 exclusive units located at the one of the best locations on Samui, facing Five Islands nearby. The plan is to build a marina in front of the resort for exclusive use by the owners as well as, and the project is surrounded with leading international hotels. The project concept and design details will be finalized very soon and will be branded under the Absolute David Lloyd concept, targeting high-end holiday home makers and investors.
 
The Absolute David Lloyd concept is based on modern contemporary designer units in high demand locations. The target market is a discerning clientele looking for a combination of high quality units and excellent service. The concept also brings financial benefits in terms of the ability to lease unused nights via the resort management company, as well as benefit in future capital appreciation when or if the units are resold in the future" Lunt commented.
 
The Fractional Ownership program is also available for the Bangla Suites project – a luxury apartment which is located right in Soi Bangla, the most famous tourist area in the heart of Patong, surrounded by a variety of entertainment options. The project comprises 53 units and is already 85% sold since the soft launch 6 months ago. The Fractional Ownership program is offered for all 7 Penthouse units. Prices for fractional ownership start in the Penthouse at Banla Suites starts at 1.75 million baht for a 4 week or 28 night ownership period each year also for Life*. Owner can use these nights any time they want subject to owning in that seasons.

Owners in all projects will receive first class concierge services including complementary use of one of the speed boats three days a week, complimentary luxury airport transfer, as well as privilege membership for other special benefits such as dining, spa, and other holiday activities. The owner will have real ownership certificates issued in conjunction with a reputable law firm and be able to re-sell in the future.
 
David Lloyd comments that “Asia is getting more and more popular. We chose Phuket as the very first of our branding resorts because it’s a popular destination for tourists from around the world, as well as remaining in high demand with strong growth in holiday home purchases. Absolute are well established in Phuket and this is an excellent market to promote worldwide. There are many more plans coming soon in Thailand and Asia and we are very excited about this region.”
 
* Actually, life in this case is a series of renewable 30-year leases