Thai property developer Sansiri has revealed plans to launch its first condominium project on the island of Phuket.
The THB560 million (S$23 million) dCondo-branded development in Kathu will feature 556 units in three eight-storey buildings. Prices will range from THB999,000 to THB1.4 million (S$41,170 to S$57,700) for a 29-30 sq m unit.
The company first looked at the island some eight years ago, but Executive Vice President Suriya Wannabuit cited title deed issues as one reason why the company decided against developing projects at that time.
“We decided not to go ahead with the pool villa project until we had completed successful projects in Bangkok, and now we have returned to Phuket to survey the island again”, he said.
Targeting first-time buyers on the island, the development will include green space, a fitness room and a swimming pool. Pre-sales start this weekend (October 15-16) at the site on Vichitsongkram Road.