Property developer Sansiri has unveiled eight show units at its award-winning luxury freehold beachfront condominium in Phuket, Baan Mai Khao.
Having recently been awarded Best Condo Development (Phuket) at the 2014 Thailand Property Awards, Baan Mai Khao offers eight unique interior design and furniture packages which includes a selection created by Chanintr Living and two designs created specifically for buyers who wish to join the ‘Rental for the Holidays’ programme.
Home to a number of high-end 5-star hotels and resorts, Mai Khao is a premium location in high-demand and Baan Mai Khao is a part of this luxury enclave on the northern tip of Phuket Island.
The beachfront condominium has attracted a lot of interest with 50 percent sold to-date, of which 40 percent are Thai buyers, 20 percent are Russian with buyers from Singapore and Hong Kong also featuring prominently.
Research from Plus Property underscored the popularity of the high-end condominium sector on the Island. Between 2013 and 2014 growth in demand and purchase of condominiums priced over THB100,000 baht per sqm reached almost 50 percent, indicating that the high-end condominium market and demand for high quality high-end condominiums in prime locations remains high.
Some 80 percent of buyers have bought Baan Mai Khao as a vacation home – to use when on vacation and to offer out for rent when not in use. Surrounding hotels and resorts enjoy a 70-80 percent occupancy year round, which bodes well for rental returns at Baan Mai Khao.
Prices start from THB12 million per unit and completion will be mid-2015.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.
