International briefs

December 03, 2010 03:29PM

From the New York December issue: Plans are underway for a second “Aquaminium” complex at Thailand’s Royal Phuket Marina, after the successful first phase. An Aquaminium, a term created by property developer Gulu Lalvani, is an apartment complex on the water with an indoor parking garage for a boat. The idea was inspired by James Bond, who always seems to have a boat nearby for a speedy getaway, Lalvani told the Wall Street Journal. The first complex consists of 15 apartments, two penthouses and five villas, 14 of which are currently occupied. Prices on remaining units range from about $735,000 to $10.5 million. The complex features a lounge area with a hydrotherapy room, indoor swimming pools, tennis courts and a spa. Thailand’s real estate market, which has continued to grow significantly since 2008, has shown an increased demand for luxury properties. According to Thailand Real Estate Magazine, the Aquaminium project in Phuket is a particular success, driven by foreign real estate investors from Europe, Hong Kong, Singapore and India. Click here for more news briefs from around the globe. Compiled by Lisa Euker