Connect with us

Business

Ananda development pulls the plug on Bangkok condo project

Thaiger

Published

 on 

Property developers Ananda Development have pulled the plug on the development of a condo project, Ideo Q Phahon-Saphankhwai, valued at 10 billion baht, and will refund down-payments made by customers who booked units since the April launch.

Ananda Development’s chief strategy officer Sumeth Ratanasrikul says that the demand to buy the project at that location didn’t match with the concept design.

“Since introducing the project to the market in April this year, about 39% of the first phase totalling 396 units have been reserved. We have decided to suspend sales and refund booking and down payments to customers. We will now revise the design of this project and will launch it again in 2020.”

The Ideo Q Phahon-Saphankhwai project was located close to the Saphan Khwai BTS station on a six-rai plot. It was originally designed to have 1,114 units at a starting price 5.5 million baht per unit.

SOURCE: The Nation

Ananda development pulls the plug on Bangkok condo project | News by Thaiger Ananda development pulls the plug on Bangkok condo project | News by Thaiger

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Thailand's largest online portal for news and information.

Follow Thaiger by email:

News55 mins ago

Update: government official that allegedly stole from fund meant for the disabled spent all the money on gambling

Thailand2 hours ago

Morning Top Stories | Reopening of entertainment venues, Manny Pacquiao for president | September 21 |

World2 hours ago

Flight restrictions to the US to ease in November – US government

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand3 hours ago

Bangkok re-opening Criteria, Thai Airways keeps Struggling | Good Morning Thailand | Episode 93

Thailand3 hours ago

Government warns that posting pornographic material is illegal following OnlyFans creator being questioned by police

Indonesia3 hours ago

Bali to re-open for international yachts with fully vaccinated crew, passengers

image
Join the conversation on the Thaiger Talk forums today!
World3 hours ago

British Airways tests first ever net-zero carbon emissions flight

Business4 hours ago

Strapped for cash, Thai Airways puts 3 more aircraft up for sale

Coronavirus (Covid-19)4 hours ago

Tuesday Covid Update: 143 deaths and 10,919 new cases

Phang Nga4 hours ago

Phang Nga asks for tourists to be allowed travel directly from Phuket airport

Thailand4 hours ago

Party at luxury villa in Phuket raided, homeowner allegedly assaults police officer

Bangkok5 hours ago

Governor says Bangkok will only re-open when safe to do so

Thailand19 hours ago

Thailand News Today | Australian released from death row, Samui restaurant raided | September 20

News20 hours ago

Pathum Thani man allegedly lights building on fire, sticks around to laugh and smile

Thailand21 hours ago

Australian and American on Thai death row released from Thai death row, Supreme Court clears drug trafficking case

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14 | Thaiger
Thailand1 week ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand7 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism7 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket7 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism7 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand8 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand8 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand8 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand8 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand8 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand8 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand8 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand8 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending