Singapore’s One°15 brand, best known for its upscale yacht club and marina, has entered into a conditional sale and purchase agreement with Thailand’s Makham Bay Marina (MBM) for US$4.2 million that could see the construction of a new Marina in Phuket
MBM already has construction permits and development rights for a proposed marina to be located at Phuket’s Makham Bay, for which it holds the land side and accompanying water area body for a 30-year leasehold period.
The integrated club concept will offer berthing for yachts and a complete range of country club facilities.
As part of the agreement, SUTL, the owners of the Singapore One°15 brand, will be involved in the design, construction, development, operation, and maintenance of the integrated marina club and its facilities.
The integrated marina club will positioned as a marine lifestyle resort equipped with yacht chartering, watersports and recreation programmes.
A spa and wellness area and hotel room facilities will cater to both club members and the general public.
The project, which will bear the One°15 brand, will have a total land area of approximately 38,400m2, and feature a 171-berth marina, which can accommodate super-yachts up to 200 feet
25 hard-stand spaces with an 80 boat dry-stack storage will also be constructed
The hospitality component will include 66 hotel rooms including four three-bedroom villas, a spa, a gym, a lifestyle pool, meeting rooms, banquet hall and multiple F&B outlets.
Other facilities such as yacht brokers’ offices, dive operators, yacht charter companies, retail shops and other nautical lifestyle related outlets are also part of the planned development.
SUTL Enterprise executive director and CEO, Arthur Tay, said after looking for a location in Thailand for a long time, Phuket has proven ideal, being adjacent to the only deep seaport in Phuket. Moreover, being naturally sheltered, it will offer 24-hour access to yachts with no tidal restrictions.
Tay added: “Phuket’s marine industry has grown rapidly in the past decade such that the existing marinas are struggling to cope with the demand. The Thai government recognises this burgeoning tourism sector and is keen to develop and promote Phuket as a premium yachting destination by encouraging more investment in infrastructure to support this industry.”
Sentosa Cove, Singapore was the first marina built by SUTL. The Phuket project will be the seventh to bear the One°15 brand, adding to locations including Brooklyn, Jakarta, Guishan (Zhuhai), Taihu Lake (Suzhou) and Puteri Harbour (Johor Bahru).