At first glance a US$250 million condo, villa and resort development might seem just the type of thing to put Koh Chang on the luxury property map. Let’s see if it is. I’ll update this page with the progress of the mega development.
What is Aquarius Residences?
Aquarius Residences is the dream of a travel and hospitality firm ‘Aquarius International Hospitality Development’ which in turn is owned by Norcal Venture Capital Group Limited, under the leadership of their CEO, Edward Chi. They have a 5 year plan to transform a corner of Koh Chang, near Bangbao, into a luxury travel destination for high rollers.
It will be a huge development. The three areas of the project are: Hotel & Resort – 93,800 sqm, Residences and Resort – 47,020 sqm, Private Residential area – 92,800 sqm. However, the developers have an ambitious plan to have the first of the three phases completed by late 2022.
A ground breaking ceremony was held on 10 June 2019. In early 2020 land was cleared and initial construction work began. Sales for a spectacular collection of luxury pool villas and condominium residences began in late October 2020.
The Villas and Condos
The development will comprise 23 Pool Villa Residences. This includes seven One-Bedroom Ocean Cliff Pool Villas (223 sqm, starting from 43 Million Baht), five One-Bedroom Ocean Duplex Pool Villas (293 sqm, starting from 41 Million Baht), eight Two-Bedroom Ocean Cliff Pool Villas (448 to 485 sqm, starting from 58 Million Baht), and three stunning Three-Bedroom Ocean Cliff Pool Villas (861 sqm, starting from 100 Million Baht)
The 99 Condominium Residences are set within seven low-rise (three-storey) buildings. These comprise 31 Studios (57 sqm, starting from 8 Million Baht), 40 One-Bedroom Residences (71 sqm, starting from 9 Million Baht), and 28 Two-Bedroom Residences (62 sqm, starting from 9 Million Baht).
At the centre of the development is a Clubhouse that features an infinity pool, fitness centre, sauna and steam room, along with 10 restaurants, coffee shops and retail outlets, a kid’s club and a supermarket.
The Chedi Aquarius Koh Chang Resort
Aquarius Residences & Resort, Koh Chang will also feature a 200-key luxury resort ‘The Chedi Aquarius Koh Chang’. This will be managed by GHM, a Singaporean hospitality company, under their ‘Chedi’ brand of luxury resorts. It will also house an all-day restaurant, a cliff-edge restaurant, rooftop bar, spa, infinity pool with pool bar, and conference facilities – all overlooking the Gulf of Thailand.
AQ Privilege Beach Club & Residences, Koh Man Nai
In addition to the large swathe of land in southwestern Koh Chang the developers have also bought Koh Man Nai island, off Kai Bae beach. Most of the island is protected but there is some land which can be owned privately and developed. This island will be the site of AQ Privilege Beach Club & Residences. A truly exclusive private island destination featuring four Presidential Suite Villas, a private marina, beach club, infinity pool and water sports.
My thoughts . . .
I can’t see this getting built (as currently envisaged) in the 4 year time frame given by the developers. (The scheduled opening for the residences and resort is in 2024.) If you are thinking of buying, maybe wait a few years and then purchase a completed unit.
Bear in mind, Koh Chang’s two other large housing & condominium projects, Siam Royal View and Tranquility Bay Residence aren’t complete yet. SRV began in 2004. TBR in 2006. Both have completed homes and condos for sale well below prices at Aquarius.
There are various other reasons too. In brief, these include the location; pricing; property market – not just on Koh Chang but in Thailand at present and infrastructure on the island.
Additionally, it’s always well worth doing some due diligence and researching any developer online. Especially if you are considering buying off plan. For example, Google and look at any previous projects they may have been involved in. Any red flags or a clean past track record? Also check their Facebook page. Look for ‘real’ posts from the site showing progress, etc : Facebook.com/AquariusResidences/
Also follow the progress on the timeline below. I’ll add photos from the site and snippets of news.
Aquarius Residences Timeline
June 2019 – Groundbreaking ceremony.
May 2020 – Clearing and construction begins.
October 2020 – Sales launched.
November 2020 – Construction work on the Marketing Suites & Show Villas is underway.