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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?
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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