By Andrew Batt:
The rise of low-end condos built in Phuket by major Bangkok developers has continued with the recent launch of Supalai Park (pictured) in Phuket Town.
The 15-floor complex on just over six rai (9,600 sqm) on Nakorn Road will have 504 starter-size condos ranging in size from 32 to 71 sq m, and priced from THB1 million (S$40,430) each.
Aimed firmly at entry-level buyers, the condos are selling for monthly payments as low as THB3,900 (S$158). The total development cost is estimated at around THB900 million (S$36.5 million). Communal facilities are expected to include a pool and a fitness centre.
The developer, Supalai plc, is currently on a major expansion outside Bangkok – with successful projects in Khon Kaen, Chiang Mai, Songkhla, and plans for more in Nakhon Ratchasima, Udon Thani, Ubon Ratchathani, Phitsanulok, Nakhon Sawan, Nakhon Si Thammarat and Rayong. It is also looking overseas, studying possibilities in Indonesia, Malaysia, and the Philippines once the Asean Economic Community becomes a reality in 2015.
Following the Supalai launch, the next low-end project due to take off in Phuket is the latest offering from Sansiri, also from Bangkok, which held a press conference on May 24 to introduce its dCondo Creek condominium project.
In the same area as Sansiri’s two previous developments, on the road from Tesco-Lotus to Kathu, the project will have 806 units, aimed at the low-end market.
Source: www.thephuketnews.com
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