Crystal Lagoons enters Thailand
CRYSTAL Lagoons Corp., the patented technology developer of giant crystalline lagoons continues to expand its presence in South-East Asia with a launch of a seven-hectare project in Hua Hin, Thailand.MahaSamutr, a $450-million luxury real estate project will have the crystal turquoise waters of the lagoon as its centrepiece, and is part of Thailand’s leading real estate company Pace Development’s flagship community. “Thailand gives us an outstanding strategic position in South East Asia, and the opportunity to participate in a world-class development that adds prestige to our current project portfolio,” says Kevin P Morgan, CEO of Crystal Lagoons. “Our partnership with Pace on MahaSamutr Hua-Hin gives us the opportunity to deliver an amenity like no other. Initially, we chose to work with PACE because of their strong reputation, which was reinforced by the success so far on the development we are working. Together we are collaborating to produce a lagoon using technology introduced for the first time in the South East Asian region. The lagoon, which will cover a total area of seven hectares, is expected to be completed in early 2015.”Renowned Japanese architect, Kengo Kuma will design the development, which will include 90 luxury bespoke villas that will retain traditional Thai features. Ranging in price from $1.2 million up to $2.5 million, each four-bedroom home will have direct access to the lagoon, a world first for any real estate project of this type.MahaSamutr will be located 200 km south of Thailand’s capital, Bangkok, and will be developed over a total area of 19.5 hectares, with the seven-hectare navigable crystalline lagoon at the heart of the project. Combining privacy and a sense of tranquillity, residents will have access to exclusive beach and country clubs with each offering a range of exclusive amenities including private swimming pool, spa, water sports, social events and waterfront dining. Crystal Lagoons’ innovative patented technology has allowed the company to expand its presence globally in a short period of time. It ventured into South East Asia earlier this year when it launched a 6.3 hectare project as part of the $3.5 billion flagship Treasure Bay Bintan project on the Indonesian island of Bintan, which is under development by leading developer Landmarks Berhad. Crystal Lagoons is also planning to announce projects in Malaysia and India. With the appetite for leisure-centric large-scale water projects growing, Crystal Lagoons is the only international company that offers the technological capability to make the development of giant controlled manmade bodies of water economically viable and environmentally feasible.