Singapore’s One°15 marina club sails to Phuket with multimillion-dollar deal

Posted on February 26, 2018

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The One°15 brand, best known for its upscale yacht club in Singapore, will soon make its way to Phuket, as the brand’s owner SUTL Enterprise enters into a conditional sale and purchase agreement with Thailand’s Makham Bay Marina (MBM) for S$5.6 million (US$4.2 million).

MBM 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 be a berthing spot for yachts, complete with a range of club facilities. As part of the agreement, SUTL will be involved in the design, construction, development, operation, and maintenance of the integrated marina club and its facilities.

The integrated marina club is positioned as a nautical lifestyle resort equipped with yacht chartering for nautical sports and recreation programmes, a spa and wellness area and hotel room facilities to cater to both 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 and 25 hard-stand spaces with 80 dry-stack storage.

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 boat brokers’ offices, dive operators, yacht charter companies, retail shops and other nautical lifestyle related outlets are also part of the 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.”

One°15 Marina 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).

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Posted in: Phuket