Samuilink Property Report: 16th January 2008 Joint venture to bring new hight-end development to popular eastern island. YTL Hotels & Properties and Lehman Brothers Investments Pte Ltd recently announced that they are to develop a five-star deluxe hotel and residential villa development on Koh Samui by joint venture. The THB2.70 billion project, which will comprise a mix of luxury beachfront villas, hillside villas, residential villas and loft apartments will be sited on the northeast coast of Samui, 15 minutes drive from the island´s airport. “Islands like Phuket and Bali are already set to take center-stage,” said YTL Managing Director Tan Sri Dato’(Dr) Francis Yeoh, speaking at the signing ceremony which was held in Kuala Lumpur in December. “However, there are other exclusive oceanfront hideaways set to join this axis of stylish destinations for the yachting set – Phuket, Langkawi, Pangkor Laut, Sentosa Island, Singapore, Bali and now Koh Samui. I am looking to work together with like-minded developers, to put this exciting region on the international map.” Lehman Brothers Head of Global Real Estate Group, Southeast Asia, Charles Rubin commented: “We are delighted to partner with YTL on this exciting project. This investment demonstrates our continuing confidence in Thailand and Southeast Asia, and we hope that this will be only the beginning of a strong partnership between Lehman Brothers and YTL.” Construction is expected to get underway on the 56.12 acre project within the next six months and is projected to run for 30 months. The property will include five food and beverage outlets, fitness facilities and a Spa Village, please view samuilink property report for more details.