Exclusive Mixed-Use Development Montazure Phuket Launches with Spectacular Showcase at the Landmark Mandarin Oriental Hong Kong

Valued at over HK$3.5 billion (THB15 billion), the 73-hectare project that reaches from the mountainside to the beachfront in Phuket's elite Kamala district counts Hong Kong's Arch Capital Management among its investors

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. June 16, 2016

HONG KONG, CH. June 16, 2016 - MontAzure, an exclusive mixed-use development in Kamala, Phuket, is launching at a spectacular showcase to be held at the Landmark Mandarin Oriental Hong Hong over the weekend of 18-19 June, unveiling an elite project occupying one of the last truly sizable plots of beachfront and mountainside land on the prestigious central west coast of the island.

Twinpalms Residences Montazure show gallery, first phase of the THB15 million (HKD3.5 billion) valued MontAzure development, located on the beachfront in the exclusive district of Kamala. For high resolution version, click here.

MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia - ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group - which have teamed up to launch Asia's most exceptional resort residential development.

The development, which covers 73 hectares and is valued at over HKD3.5 billion, includes Twinpalms, one of Thailand's most celebrated independent luxury resort brands, and the InterContinental Hotel Group (IHG) who will open the InterContinental Phuket Resort in 2019 next door to Twinpalms Residences MontAzure.

The first phase is the Twinpalms Residences MontAzure that occupies 99 metres of absolute beach frontage. The residences will be operated and managed by Twinpalms Management upon completion and offer buyers and investors one and two-bedroom units, ranging from 753 sq.ft. to 4,305 sq.ft. with penthouses having access to a private roof top and pool. Prices for the residences start from HK$2.48 million. Foreign freehold ownership is available.

Twinpalms Residences MontAzure consists of 75 upscale branded beachfront condominiums designed by Martin Palleros of Tierra Design which will be completed in 2018. Pre-sales have been brisk with over 50% of the units sold supported by the recent opening of the Sales Gallery and Show Suite.

"It is very rare to find beach condominiums in Phuket and we believe Hong Kong buyers will appreciate the location, the very high standards of the development and the holiday lifestyle that the destination provides," said Arch Capital Chief Executive Officer Richard Yue.

Investors will benefit from a well-managed hospitality operation and enjoy usage of the facilities including a residents' lobby, beach front restaurant and bar, gym/yoga studio, pool bar, spa pavilions, library and lounge and outdoor event spaces.

"After visiting the Twinpalms Residences MontAzure beachfront sales gallery last month, I was impressed by the quality of the design and show suite. The project is also located in a highly desirable neighbourhood and in absolute beachfront location which is a rare find in the Phuket market today- said Rebecca Shum, Executive Director of CBRE, the project's exclusive sales agent for the development in Hong Kong.

"Investors can draw a lot of confidence from the development team which includes Hong Kong-based Arch Capital and an established Thai partner in Narai Property, along with the award winning Twinpalms management team who will be operating the freehold condominium as a resort style property."

Other key components of a project located in Phuket's most upscale quarter, which boasts Andara and Amanpuri amongst its neighbours, includes ultra-luxury private hillside estate villas called The Estates at MontAzure, with interiors designed by Jaya Ibrahim and architecture by Lek Bunnag. A future hillside development, an international beach club, a wellness centre, retail space and a 32 hectare nature reserve of primary rainforest completes the project.

Visit MontAzure at Tian & Di Room, 7th Floor, Landmark Mandarin Oriental, 15 Queen's Road Central 18-19 June 2016, 11am - 7pm www.montazure.com

Event and Sales information contact: Rebecca Shum, CBRE Mobile (852) 9826 6886 Email: [email protected]

About The Twinpalms Residences MontAzure

Number of units: 75 Unit Types: 56 one-bedroom units, 19 two-bedroom units, with options for buyers to request 3 or 4-bedroom units. Ownership: Foreign freehold available based on Thai Condominium Act Prices:THB8 million - THB93 million (RMB1.5 million, USD250,000 - RMB17.1 million, USD 2.5 million) Site Area: 9.38 rai (15,000 sqm/161,000 sq.ft) Architect: Tierra Design Facilities: Residents' Lobby, Beach Signature Restaurant and Room Service, Pool Bar, Gym/Yoga Studio, Spa Pavilions, Library and Lounge, Outdoor event spaces, On-site Management office Management: To be operated Twinpalms Management Developer: MontAzure is a joint venture of three of the most prestigious property and hotel investment groups in Asia - ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group - which have teamed up to launch Asia's most exceptional resort residential development. For further information and high-resolution photography, please contact:

Contact:
Henri Young
Director of Marketing
MontAzure Phuket
E-mail: [email protected]
Website: www.montazure.com

David Johnson
Managing Director
Delivering Asia Communications
E-mail: [email protected]
Tel: +66(0) 2246 1159
Website: www.deliveringcommunications.com