Modern living in tropical serenity
Set amidst the foothills of northern Thailand’s scenic mountains is Azaya Villas, a residential development at once unique for ‘features’ such as waterfalls, nature reserves and golf courses in the surrounding area. Nestled in a green area of Chiang Mai renowned for its cool and fresh air, the 12 Azaya Villa units occupy a three-hectare area of freehold and leasehold land.
The villas’ most unique features include dramatic roofs made of natural wooden shingles, sloping panes that allow plenty of natural light into the home, and smooth stone pathways that complement the organic backdrop, in which there is luminous water and luxurious foliage. Billed “a perfect blend of architecture and environment”, Azaya Villas also offer breathtaking views of Chiang Mai’s majestic Doi Suthep mountain range.
The villas are available in three unique minimalist designs. Each boasts an open-air veranda, a large private swimming pool and a Zen-themed garden. Making it paradise is a restaurant, a tennis court, a gym and a spa room in the vicinity.
Built-ups are 32,000 sqm on land areas of between 1,200 sqm and 1,600 sqm. The homes, which come with between 300 sqm and 390 sqm of living area, are priced between US$800,000 and US$1.3 million for two- to five-bedroom units.
Expatriates in Southeast Asia seeking a modern lifestyle amidst nature and a tropical setting would surely appreciate Azaya Villas. Though somewhat secluded for added privacy, important amenities are close by. Markets, banks, a post office, The Four Seasons Resort and one of Chiang Mai’s top golf clubs – Green Valley – are not far. In addition, Azaya Villas is less than 30 minutes from the city centre and international airport.
Managed by professional estate agencies and developers according to international five-star standards, Azaya Villas is a unique real estate investment opportunity. Developer Capstone Management Group Co. Ltd expects double-digit annual return on investment as well as lucrative capital appreciation over time.
Despite an overwhelming demand for luxury residences, there are no internationally managed five-star residences available for lease in Chiang Mai. With Azaya Villas offering greater privacy and exclusivity as opposed to hotels, Azaya Villas aims to capture the exclusive rental market at less than 50 per cent of hotel rates from their two-bedroom bungalow types.
Azaya Villas will be managed by Meridian Management, an expatriate-led Thai registered company. Meridian Management is a partnership between the developer and its project management company. Investors would be glad to note that Meridian Management is helmed by directors and partners with more than 15 years of experience managing world-class resorts and hotels, including the Four Seasons, Sheraton and Radisson brands. The management is currently undergoing the selection of an internationally recognised management firm for consultation and logistical support.
Meanwhile, Capstone Management Group is a legally registered Thai corporation with offices in Bangkok and Chiang Mai. Senior partners of the company have contributed more than 20 years of their experience to a diverse range of businesses in Thailand, ranging from government aerospace contracts to international real estate development.
Construction of an Azaya Villas home would commence upon a sale and would take on average between 10 and 12 months to build. Construction of the first phase – which has been fully funded – is currently underway. The developer is offering a five-phase payment plan to reassure buyers that payments are only sought for completed stages of construction.
The project is nearing its second phase of construction with the infrastructure nearing completion and some 60 per cent of the villas taken up and/or under construction. The entire development is expected to be complete within the next 18 to 24 months.
To own a piece of this luxurious development, kindly call (66) 53 863 140, or visit http://www.azayavillas.com/.