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September 9, 2013

One of the Largest Villas in the Indian Ocean

By Chris Boyle

Soneva Resorts_
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Soneva Group luxury private residences in the Maldives and Thailand have become coveted as the ultimate status symbols, with their new eight bedroom magnum opus already commanding interest worldwide.

The largest private residence to be built in the region, the eight bedroom secluded stronghold on Soneva Fushi, Maldives will be truly magnificent when it is completed mid-October.

Rental prices will range from $11,300 to $30,000 per night, depending on the season. As with all Soneva Group’s privately developed villas, it is constructed using time-tested indigenous techniques with sustainable materials adapted to preserve the integrity of the environment and the local communities.

But there are features in this new property that no realtor’s dictionary can adequately describe, including some of the most breathtaking views of unending cerulean seas and a versatility in accommodation for large families and their attendants (private secretaries, security, chefs or personal trainers) or groups (such as executive retreats) that is hard to match.

The two guiding principles in its design were the need for privacy and sociable relaxation. Living spaces inside and out are carefully drawn and generous and located on a prime beach front spot with a permanently spectacular view.

Sales of Soneva Group’s limited range of luxury villas at Soneva Fushi, Maldives and Soneva Kiri, Thailand have been strong, according to the brand. Opportunities to purchase are scarce since so few properties are being built and prices, ranging from $3m to US$15m, reflect their exclusivity.

They provide an attractive financial return as well as guaranteeing a ‘return on life’. Rental programmes are tailored to owners’ requirements.

There are more than 100 resorts in the Maldives, but Soneva Fushi is alone in offering private villas with more than three bedrooms. This new development, with eight suites, provides the perfect solution for large multi-generational families, groups of friends, weddings, business gatherings and sophisticated hen and stag parties.

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The residence is a two-story collection of villas with an expansive wraparound swimming pool spread over a large area with generous outdoor living space. The master bedroom boasts its own private swimming pool measuring 111.3 square metres and an outdoor bathroom, with five additional guest bedrooms, a children’s bedroom, a smaller nanny’s bedroom and of course one for the Mr/Miss Friday butler.

Other features include a wine cellar, library, large sunken dining area within the pool, children’s playroom and a private spa suite with steam facilities, a gym and massage room.

When not used by the owner, the villa can be rented out with a guaranteed annual investment. Rental yields of up to 4% net guaranteed per annum indicate solid investment potential.

As with all Soneva Group properties, each fully serviced villa comes complete with a dedicated 24/7 butler, discounted transfers to and from the resorts and full access to all the island’s facilities, with special ‘owners rates’ being offered in the restaurants, bars and galleries.

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