Crystal Lagoons launches 7ha project in Thailand
Lagoon to be part of $450mn MahaSamutr development
Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, has launched a 7ha project in Hua Hin, Thailand.
MahaSamutr, a $450mn luxury real estate project, will have the crystal turquoise waters of the lagoon as its centerpiece, 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,” said 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 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 $1.2mn up to $2.5mn, 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 in Hua Hin, 200kmsouth of Thailand's capital, Bangkok, and will be developed over a total area of 19.5ha, with the 7ha navigable crystalline lagoon at the heart of the project.
Crystal Lagoons is currently working to develop what will be the world's largest manmade lagoon (40ha) in Mohammed Bin Rashid Al Maktoum City, Dubai.