Property developer Sansiri will be extolling the virtues of the Kathu district of Phuket when it exhibits its dcondo Mine project in Singapore this weekend. Next month it will showcase the development in both Kuala Lumpur and Penang.
The developer sees the Kathu district in the south of the island as one of high potential for property buyers and investors.
In a statement, the developer said that with a luxury shopping zone underway, launching the dcondo Mine condominium project serves both international and local investors with a 7 percent per annum rental guarantee for one year.
According to Sansiri’s Foreigner Data Analysis for 2014, Singapore ranked as the second top foreign buyer of units – at 24 percent – with the investment pick being The Deck condominium located just over the mountain from Kathu in the popular beach city area of Patong.
Apichart Chutrakul, Chief Executive Officer and Co-founder of Sansiri, said: “Phuket is the renowned travel destination in Thailand with its gorgeous stretches of white sandy beaches. However, surveys and research show that Phuket tourism is no longer purely about the beach, and visitor profiles to the island demonstrate a shift in demand to shopping and entertainment attractions
“As a result of the economic stimulus and the enormous growth potential of this district, Sansiri is launching our latest dcondo Mine condo project overseas, after successfully launching The Deck in Patong last year.
“dcondo Mine comes with a 7 percent per annum rental guarantee for one year, and also a deferred payment plan for those wishing to leverage.”
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
