This is the third Monthly Newsletter from Dhevatara Properties which we issue to “Dhevatara Properties” home owners and prospective clients. We would like to keep you informed on the construction progress on all our current developments; Dhevatara Cove, Dhevatara Residence, Baan Chao Lay and Dhevatara Bay.


DEVELOPMENT FOCUS

Dhevatara Cove
Dhevatara Cove, is an exclusive beachfront gated community with only six villas, on the tranquil west coast of the Island. The development blends stylish contemporary luxury with the picturesque splendour of the natural setting. The Thai-inspired architecture is culturally appropriate and in harmony with its surroundings, while the design aims to fulfil the highest expectations of those with a passion for stylish living. Completed villa now available for viewing.

Prices start from USD 2.82 Million, and all villas will be completed in November 2006. Only 2 villas remaining.

We are currently offering Villa F as a fully furnished villa.

For current Construction Photos please click here.


CURRENT DEVELOPMENTS

Dhevatara Residence click here.

Baan Chao Lay click here.

Dhevatara Bay click here.



A WAY FORWARD
On Tuesday September 19th 2006, a military group calling itself the Council for Democratic Reform (“CDR”) seized control of the Thai government and declared martial law. The CDR announced it will appoint a civilian government within two weeks as the first step to returning the country to democratic government. Although the military deployed troops around key government facilities and other strategic locations, there is little visible military presence elsewhere. Furthermore, there have been no indications or reports of any violence at this time. While Tuesday’s military overthrow will probably continue to shake local markets in the short term, the political infighting that had paralysed policymakers for much of the year has now been brought to a head and the CDR roadmap to the next democratic government appears to have won acceptance at high levels. Some might suggest that the way forward is clear for the first time in months.

SUVARNABHUMI INTERNATIONAL AIRPORT TO OPEN ON SCHEDULE
The Council for Democratic Reform under Constitutional Monarchy (CDRM) yesterday confirmed that Suvarnabhumi Airport will open early for all flights on Thursday September 28, 2006, as scheduled before last week's coup.

The airport will replace the current Bangkok International Airport (Don Muang) as Bangkok's primary airport for all commercial airline flights.

Suvarnabhumi Airport is Thailand’s premier international air transportation gateway and regional center for aviation. The airport is located in Bang Phli, about 25 kilometers east of Bangkok. The name Suvarnabhumi was chosen by His Majesty the King which means "The Golden Land”.

SPONSORSHIP
Upcoming Events for October 2006.

Dhevatara Properties is proud to be hosting the Woods Bagot Samui Studio Opening Celebration Party. Woods Bagot now has a permanent presence on Samui. To celebrate we invite you to attend a small function being held in conjunction with Dhevatara, Samui Villas & Homes and Savills at the luxury Dhevatara Cove, Lipa Noi on Friday 20th October 2006; 18.00-20.00

For location map, please click here.

Dhevatara Properties is proud to be a Major Sponsor for “The 15th Annual Raja's Fashions Golf Tournament”. We were proud to be involved at last year’s Annual Charity Golf Tournament and to have assisted in raising enough money to build a school. This year Raja’s Fashion will again partner with the American Chamber of Commerce in Thailand who have kindly agreed to match 50% on what is raised.

The tournament takes place on Wednesday 25th October, 2006 at The Legacy Golf Club (natural Park Ramindra). If you would like to play, please contact Raja’s Fashions on: T: +66 2253 8379, e: rajas@ksc15.th.com.

VILLA INSPECTIONS
We have completed villas at Dhevatara Residence and Dhevatara Cove. If you would like to set up a viewing of any or all of our properties, please contact our Samui Sales Office or Sole Agents – Thailand or UK Agents or International Agents for further Details.

Please note that all prices are in USD and will be calculated in other currencies at the time of signing the Sales & Purchase Agreement.

The company reserves the right to change specifications and price without prior notification.