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Mega Condo Project Near Central Festival

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Posted: 21 May 2012 | 8:50 am

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?

DO YOU LIKE THIS?

Hi Bill
Whats your opinion on the Mega Condo project?? Especially resale reaction???? Bill Barnett responds:
It will be an interesting trend, especially if resales hit market in masse. End of the day well situated properties and good developments will prosper as others may falter.

Eddie Shroff, 21 May 2012 | 6:22 pm

Very sad indeed to see the growth of such high rises -why are they not limited to Jomthien, Hua Hin and keep Phuket and Samui protected and focus on the villa market, or at least low rise, lower density? As it is we are already barely capable of keeping up with the mountains of garbage produced, please don't kill the tourism "golden egg" Phuket, you deserve better than this.

Robert De Graaff, 21 May 2012 | 4:26 pm

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