Bangkok, 17 May 2017: Minor International (MINT) is concurrently launching three new projects with a total economic value of over Baht 9 billion that will strengthen its presence in Phuket, Thailand. The new investments, which comprise an ultra-luxury residential development, a new development phase of Anantara Vacation Club (AVC) and a mixed-use retail & commercial building, will further enhance MINT’s leadership position in one of the world’s most attractive vacation destinations and provide a strong platform to drive sustainable earnings growth of its mixed- use business.
MINT is set to invest in a second luxury residential project with a total sale value of approximately Baht 6 billion, through a 50:50 joint venture partnership with Kajima Overseas Asia, a unit of Kajima Corporation (Kajima), an established construction and real estate development company listed in the Tokyo Stock Exchange. The land plot of approximately 99 rai is located adjacent to MINT’s Anantara Layan Phuket Resort and The Residences by Anantara, Layan, Phuket. The new luxury residential project, named Avadina Hills by Anantara, will consist of 16 luxury villas for sale, divided into two phases. The first phase,