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Posted: 15 Jan 2013 | 6:00 am
Phuket's condominium property sector is continuing to gain momentum with news that Thai listed development firm Sansiri will launch a 206 unit project in Mai Khao this March.
Named Baan Mai Khao, the medium rise project which sits at 13.2 rai site, is situated between the Renaissance and Holiday Inn resorts.
While Sansiri has traditionally focused on inland properties, this marks the first time in Phuket they will target a large scale foreign market. The oceanfront site will command average pricing at the THB120,000 per square meter mark.
Comprised of nine buildings, these are configured into 3 story and 5 story blocks. Unit types kick off with one bedroom units at 60 square meters, and include two bedroom, duplex, and 3 bedroom and penthouse units.
Unlike some of their previous Phuket offerings these units have been upsized with a two bedroom unit ranging from 100 up to 120 square meters.
Pricing points go from THB7.3 million up to THB35 million.
According to market sources, Sansiri has a purchase option on additional land next to the site for future expansion.
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