Phuket's tourism industry continues to flourish, attracting an increasing number of foreign visitors. Entrepreneurs are launching new projects to capitalize on this upward trend. Assetwise, through its subsidiary Rompho Property, acquired a 30% stake in Botanica Grand Avenue, expanding its portfolio in the luxury real estate market.
They jointly developed Phuket's largest luxury pool villa and apartment project, named "BOTANICA Grand Avenue." The project is situated in the center of Phuket's exclusive Laguna residential area, with a total value of 1.3 billion Thai Baht.
Phuket is a world-class tourist destination, drawing more foreign visitors each year, leading to steady growth in housing demand. Consequently, Phuket has become one of Thailand's most crucial economic regions.
This year, various housing projects have been initiated by many entrepreneurs. The luxury residential market is one attractive segment, targeting affluent foreign clients, including those opting for retirement living in Phuket.
Currently, Botanica Grand Avenue stands out as one of Phuket's latest and eye-catching luxury residential projects. Developed by Botanica Grand Avenue Co. Ltd. (BGA), it comprises two-story pool villas and Phuket's largest resort apartments. The project is committed to creating a new luxury community in Phuket, covering over 13 acres with 1,000 residential units and houses.
The BOTANICA Grand Avenue project aims to provide top-notch facilities and modern technology in a large open space of 5,000 square meters, managing the natural environment sustainably and reducing carbon footprints. The project seeks to create a luxurious lifestyle that exceeds residents' expectations.
Assetwise Public Company Limited is one of the leading real estate operators, driving business growth by continually penetrating Phuket's real estate market. Believing in the future growth potential of Phuket, they expanded their presence in the Phuket real estate market by acquiring Rompho Property Public Company Limited (also known as TITLE). Rompho Property is a company with over 10 years of experience in the real estate development sector in Phuket.
Assetwise has completed the transaction with Botanica Grand Avenue, becoming a major shareholder in the apartment project. Botanica Grand Avenue has already developed seven projects with a total value of 1 billion Thai Baht. By acquiring a 500% stake in Botanica Grand Avenue Company Limited (BGA), Assetwise further advances in the luxury and lower-tier project markets.
The company recently invested in the development of a large-scale project named BOTANICA Grand Avenue, valued at an impressive 1.3 billion Thai Baht. This is a significant step for Assetwise to further penetrate the Phuket real estate market, enriching their real estate investment portfolio. BOTANICA is a professional luxury pool villa development brand with a reputation spanning over 20 years, enhancing Assetwise's competitiveness and paving the way for stable and sustainable growth in the future.