Banyan to build largest luxury housing project in Phuket

Singapore resort operator launches $2bn residential brand as demand booms

20240201 Laguna Lakelands1

Located on Phuket's western coast, Banyan's Laguna Lakelands will see the start of construction later this year. The 6,000 units will sell for an average price of $325,000. (Photo by Hiroki Endo)

TSUBASA SURUGA, Nikkei staff writer

PHUKET, Thailand -- Singapore-based Banyan Group on Thursday announced plans to build the largest luxury residential project on Phuket, a Thai resort island, as the company seeks to tap a strong recovery in real estate demand since the end of the COVID-19 pandemic.

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