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Mega Condo Project Near Central Festival

Author: Bill Barnett. Category: Real Estate. Posted: 21st May 2012

Mass condominium projects in Phuket remain the storyline of the broad real estate market.

Supalai [email protected] 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?

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