Connect with us

Property

Phuket Property: B1bn condominium in a prime location

Published

 on 

PHUKET: The recently founded, Bangkok-based Able Asset developer group has announced plans to launch a billion baht, low-rise condominium project on a centrally-located parcel of prime Phuket real estate.

Touted to be the biggest project of its kind on the island, the ‘Centrio’ condo will be developed on a plot that spans some 2,100 square meters, just opposite Central Festival Phuket on Vichit Songkhram road.

The development will comprise three eight-storey buildings with a total of 504 units.

Ranging in area from 30 to 60 sqm, the units will be offered from 1.49 million baht, or 48,500 baht per square meter.

Targeting both Thais and foreigners, the pre-sale period launched on November 11 and the developer expects to close sales by the end of the year.

Kasidit Manopinives, managing director of Able Assets Co Ltd revealed that the real estate company was founded earlier this year, with a total of 100 million baht in registered capital.

The management team has vast expertise in property and construction business, having developed residential projects individually and jointly with other partners, including the Baan View Viman Condominium near Kao Takieb in Hua Hin, under Sittarom Residence Co Ltd.

Centrio’s facilities will include a common area, lobby, golf putting green, exercise room, swimming pool and 24-hour security system with key card.

The construction is scheduled to begin in early 2013 and is expected to be completed by the end of 2015.

On December 8th, the company will launch another promotional event on the second floor Exhibition Hall of Central Festival Phuket, with special promotions to be offered.

Mr Kasidit explained that the reason Phuket was chosen for such a project is due to its worldwide popularity as a tourism destination.

“At the same time, Phuket residents have high purchasing power… The management team has developed projects in major tourism destinations and sees potential in the [Phuket] market.

“Currently, we have many land banks and are looking for more potential locations to be added to our portfolio to support our future projects.

We do not limit the concept of the development whether it is vertical or horizontal, depending on the land we have,” Mr Kasidit concluded.

For more information, please contact Kanokrat & Friends (PR Agency) by calling: 02-284-2662; Fax 02-284-2287, 2291, or by email: Kanokrat@kanokratpr.com.

 

Get more from The Thaiger

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.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand12 mins ago

Gunman wounds 8 in Jerusalem, 48 dead in Israeli Gaza strikes

Thailand30 mins ago

Thailand among top 5 destinations for Chinese travelers | GMT

Travel13 hours ago

Where to find underrated international cuisines in Bangkok

Sponsored1 hour ago

British International School Phuket: Reflecting on 25 years of world-class education

Bangkok14 hours ago

Chinatown manhole covers to use art, tech to become cultural map

Transport15 hours ago

Man fights Indian Railways for 22 years for justice (and 9 baht)

Events17 hours ago

Tourism Minister visits Full Moon Party, supports later curfew

Join the conversation on the Thaiger Talk forums today!
Crime17 hours ago

Thais cautioned against fake government websites

Thailand17 hours ago

Another Thai boxer dies from brain injury after fight in Malaysia

Thailand18 hours ago

Expats in Thailand, Cartoon characters & Letting Loose | Thaiger Bites

Pattaya18 hours ago

VIDEO: Young Thais have a blast at Pattaya Music Festival weekend 2

Pollution19 hours ago

Anti-Corruption Network complains of smelly wastewater in coastal Thai province

Weather19 hours ago

Flooding from overflowing rivers soaks Chiang Rai and the border

Phuket20 hours ago

Phuket police nab 3,373 meth pills from 5 suspects

Pattaya23 hours ago

Pattaya night club owner gives free meals on Thai Mother’s Day

Thailand23 hours ago

Current Thailand Visa Options for Digital Nomads

Thailand11 months ago

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

Thailand1 year ago

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

Tourism1 year ago

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

Phuket1 year ago

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

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

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

Tourism1 year ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Trending