Mega Condo Project Near Central Festival
Category: Real Estate
Mass condominium projects in Phuket remain the storyline of the broad real estate market.
Supalai Park@Phuket City has launched 504 condo units, priced under THB2 million baht, near to Central Festival.
The 15-story complex has an estimated development cost of THB900 million.
Meanwhile in Singapore a movement is afoot to address the surge of "shoebox" units, which are deemed in some quarters to have a negative impact on the real estate market.
In Phuket the mix of buyers in these projects continue to be a mix of end users and speculators. As we move into the next 12-18 months and completion is expected on a number high density condos, it will be interesting to see how the resale market reacts. Is the trend sustainable and how deep is the buying pool remain prolific unanswered questions?