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Dhevatara ups the ante
The Nation Property Guide, Q4 2005.
Some things happen by sheer luck and great timing. For British entrepreneur Neil Helliwell, his becoming one of Koh Samui’s more outstanding developer was pretty much an afterthought.
Spotting value in the island’s relatively unspoilt landscape 5 years ago, he started buying parcels of beachfront property, said Steve Owen, his associate and friend of 15 years.
“When he collected about 200 rai, he decided to build homes for people like himself, who wanted a villa in a tropical paradise,” Owen recalls.
As a result, Helliwell formed Dhevatara Properties and recently launched two projects on the island.
The first is on Lipa Noi, near Taling Ngam on the western coast and the other lies along the northern coast at Bophut. They are called “Dhevatara Cove”, a 6-villa project on a 9-rai estate, and “Dhevatara Residence” respectively.
“When Helliwell bought his Samui villa, he spent approx US$ 1.2 million (Bt 49 million), then the highest on the island. The most recent record was US$ 1.8 million,” says business development manager Mark Vinton. “To up the ante, our top-end Cove villa is selling for Bt 108 million or US$ 2.6 million,” he says.
Dhevatara Cove
Product Type: Koh Samui beach villas
Developer: Dhevatara Properties
Location: Lipa Noi, near Taling Ngam, Koh Samui
Total number of villas: 6
Price of units: Bt 72.6 million – Bt 108 million
Size of sub-divisions: from 1 rai
Built-up area: 857 – 1,058 square metres
Total land area of estate: 9 rai
Monthly maintenance fees: About Bt 20,000 per villa
Contact Number: (02) 654-3484 Fax: (02) 654-3534
Samui Residences
Dhevatara builds on prime spots
Luxury villas in Bophut selling from Bt 42 million
Koh Samui developer Dhevatara Properties has recently launched two projects on the island. The first is on Lipa Noi, near Taling Ngam on the west coast. The second is on Bophut in the north.
The first site named “Dhevatara Cove” is an exclusive 6-villa project on a 9-rai estate.
The gated community, currently under construction, has land plots of over 1 rai and they sell from Bt 72.6 million to Bt 108 million.
The other project called “Dhevatara Residence” has eight homes and is built on a 5-rai estate.
The built up areas of the units are between 430 to 500 square metres. Prices start from Bt 42 million with the largest unit covering 1,120 square metres commanding a price tag of Bt 68 million.
Dhevatara Properties is the brainchild of British entrepreneur Neil Helliwell, a Nottingham-born business man with projects in the Middle-East, Russia and East Africa.
Stephen Owen, the owner representative of Dhevatara, said Helliwell started coming to Samui about 5 years ago. He was so impressed by the island’s natural beauty that he started collecting land parcels and formed what is now a company that specializes in building tropical enclaves for the money classes.
“One of Helliwell’s frustrations was finding how hard and complicated it was for foreigners to buy Thai properties.” Owen recalls.
As a result, before launching the current projects, he has prepared all the legal paperwork that makes it easy for overseas buyers to understand the terms and regulations pertaining to their purchases.
Samui Villas & Homes, run by realty veteran John Birt will manage the newly launched properties. Its legal paperwork is supported by Johnson, Stokes & Masters.
For buyers who buy the properties for investment, Samui Villas & Homes will rent the villas and offer them rental income.
Under this arrangement, the management firm will absorb the Bt 20,000 monthly maintenance bill, said Vinton.
Buyers who don’t want to rent will have to pay the fees.
Dhevatara’s Bangkok office is located on the 11th floor of CRC Tower at All Seasons Place on Wireless Road.
The second project on Bophut, offers villas as well as three-storey homes offering spectacular seafront vistas, says Mark Vinton, Dhevatara’s business development manager.
This five-rai gated community will offer eight villas proced from Bt 42 million to Bt 67 million.
Overseas responses have been positive, says Owen.
At a recent property exhibition in Hong Kong, Owen said many of its potential buyers are between the ages of 30 and 60 and were a mix of British, Chinese and other European expatriates.
Dhevatara Residence
Product Type: Resort housing
Developer: Dhevatara Properties
Location: Bophut, Koh Samui
Total number of villas: 8
Price of units: Bt 42 million – Bt 68 million
Size of sub-divisions: from 200 square wah
Built-up area: 430 – 500 square metres
Total land area of estate: 5 rai
Monthly maintenance fees: About Bt 20,000 per villa
Contact Number: (02) 654-3484 Fax: (02) 654-3534
By
Itthi C Tan
The Nation (www.nationmultimedia.com)
