Raikkonen buys into Phuket

World F1 champion Kimi Raikkonen has become the latest in a string of sports stars to buy into a Thai resort development.

The Finnish Ferrari driver has revealed that he has invested in luxurious beachfront unit on Thailand's largest and most popular island, Phuket. The Swiss-based star is believed to have paid an estimated US$1.5m for a private villa in the sought after Serrenity Terraces – a residential development in the up-and-coming Rawai area.

The driver joins big names such as Chelsea midfielder Joe Cole and Manchester City manager Sven Goran Eriksson, who have also bought properties in the Kingdom.

“I am delighted with this unique opportunity to own a secured private waterfront residence in Phuket. When representatives of the Serenity team presented this project, I was immediately impressed by the location, its design, and the strong team behind the development— always a key decision factor,” said the Finn. He continued, “I am really looking forward to enjoying the rare vacations away from the track, in this hide-away beachfront community.”

Ramesh K. Hamal, director of Green Heritage Group added, “To have a high-profile sports personality such as Kimi investing in this project is not only good news for Serenity Terraces, but also for Phuket’s increasingly luxurious profile among discerning international buyers looking for the best private residences and lifestyle.”