Thai joint venture launches luxury Kamala Senior Living project Corporate September 12, 2017 15:50 By The Nation
Four leading Thai property developers – Nye Estate, Chewathai, LPN Development and CH Karnchang – have announced a joint plan to launch Kamala Senior Living, a luxury retirement village that will offer its residents “a dynamic and exclusive lifestyle within a private and secure village”.
Located on the scenic west coast of Phuket, Kamala Senior Living will offer a full complement of amenities and concierge services.
The village will be managed and operated by Otium Living, an international senior-living specialist with both an experienced management team, and with consultancy from Audley Group, the top developer and operator of luxury retirement villages in the United Kingdom.
Ornruedi Na-Ranong, chief executive officer of Nye Estate, said that ageing societies in many regions across the world continue to create growing demand for diversified senior-living options with high-quality facilities and amenities.
“Kamala Senior Living is one of the first luxury retirement communities in Asia that introduces an ideal lifestyle for independent seniors by offering residents an active and exclusive lifestyle with 360-degree service in a high-quality, secure and private development,” she said.
Kamala Senior Living is located within the expansive mixed-use MontAzure Phuket community, a luxury resort and residential development stretching over 450 rai (72 hectares) of prime beachfront to hillside land on the central west coast at Kamala beach.
The Kamala Senior Living development will comprise of 200 condominium units and 30 villas, with a total value of B3.5 billion.
Kamala Senior Living encompasses three essential parts of a senior living project – property management, hospitality management, and medical and wellness management.
Nart Fongsmut, Thailand’s well-known aged-care specialist, recently joined the management team at Otium Living, and Audley Group will act as a consultant to Otium Living in every aspect of the project, from function and facility design to all aspects of the operation and management of the village.
Daniel Holmes, CEO of Otium Living, said: “We see a lot of potential in the luxury senior-living segment in Asia, and Phuket offers many favorable attributes for retirement living. It is one of their dream retirement locations for affluent residents in Thailand, as well as those from Singapore, Hong Kong, Malaysia and Europe.”