Thanks to a good location near the sea, Supalai Lagoon Condo in Phuket has ended up being one of the developer’s best performing condominium projects in 2015, The Phuket Gazette reported. The project is one of many in the region for the company who already has plans to build more.
The project’s strategic location fronting Thepkasattri Road and next to the sea has appealed to buyers, Supalai chairman and CEO Prateep Tangmatitham told the newspaper. The property is split into two parts; a condominium comprised of two eight-storey buildings and a separate housing subdivision.
“From the fourth floor upwards (in the condominium project), you can see the sea and people living on the second and third floors can go up to the roof to enjoy the sea view,” Prateep said. The condo development is valued at THB570 million baht.
Supalai Lagoon Phuket is the housing project. It has 482 homes including two-storey single houses, houses and townhomes. The entire housing development is valued at THB2 billion.
“Where price is concerned, the condos start at a little over THB1 million, going up to THB3 million, while the housing subdivision starts from THB2 million and reaches THB11 million,” Prateep explained. “Buyers are mainly Thai but some foreigners have also bought. Foreigners married to a Thai have bought housing subdivision units while others have opted for condos.”
This project is just one Supalai has in the works in Phuket. It is currently building a 15-storey condominium, called Supalai Vista Phuket, in the Old Town of the city and Prateep added that his company will continue developing on the island and is already looking for new land plots.
“In Phuket we have already developed five condo projects, but there are only units for sale in the last two, plus a few left in the third one,” he said. “We have also launched seven housing subdivisions on the island and four of them have sold out.”
