Connect with us

Property

Video Report: Sansiri targets Phuket’s high-end with Baan Mai Khao condo project

Legacy Phuket Gazette

Published 

 on 

PHUKET: With prices starting from 8 million baht and reaching up to 52mn baht, Sansiri’s latest Phuket development, the Baan Mai Khao seaside condominium in the island’s north, is targeting the high-end of the Phuket property market.

“The high-end market begins at prices of more than 100,000 baht per square meter,” explained Uthai Uthaisangsuk, senior executive vice president, Business Development and Project Development division of Sansiri, who was present at the new project’s recent unveiling.

“Here in Baan Mai Khao, the average price for a square meter is 140,000 baht, so we’re targeting the high-end market, as well as the second home and holiday-residence markets.”

Of Baan Mai Khao’s 206 condominium units in nine low-rise buildings, which have been developed on 13-2-90 rai of premium beachfront land, half have already sold; 40 per cent to Thai buyers and 20 per cent to Russians, with buyers from Singapore and Hong Kong also featuring prominently.

“In Thailand, the purchasing power is also increasing. At Baan Mai Khao we target 50 per cent to be Thai customers, but the other half is aimed at people from abroad. The Chinese and Russians who come here find the property more affordable than in their home countries,” said Mr Uthai.

Asked about other reasons for the growing prices of condominium units in Phuket, and Thailand as a whole, Mr Uthai quoted rising costs of construction and labor, as well as land.

“It’s simple economics. The costs grow and the prices have to grow too. The land prices are still increasing, and so are construction costs and labor costs, so I think the prices will keep on growing,” he explained.

Sansiri’s Uthai Uthaisangsuk talks to Phuket Today about the company’s Phuket resort condo project, Baan Mai Khao. Video: PGTV

However, Baan Mai Khao has one more advantage over its competitors, which allows the developer to dictate prices – the location. Not only is it located in an area hailed as Phuket’s luxury enclave, it’s home to a number of high-end five-star hotels and resorts. In addition, it is built directly on the beachfront.

“Baan Mai Khao has no competitor in Phuket. It is the only project with direct access to the beach. Other condominiums might be within walking distance of the beach, but only Baan Mai Khao is situated directly in front of it,” explained Mr Uthai.

Buyers can choose from a number of options, including 1 bedroom/1 bathroom (59.5-72sqm); 2 bedrooms/2 bathrooms (79-98sqm); 2 bedrooms/3 bathrooms duplex (115-137.5sqm); and 3 bedrooms/3 bathrooms (134-162.5sqm); with the largest units being the six spectacular penthouses (260-263.5sqm).

Additionally, eight unique interior design and furniture packages will be available, which include a selection created by Chanintr Living and two designs created specifically for buyers who wish to join the “Rental for the Holidays” program.

— Maciek Klimowicz

 

Want more Thailand news from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

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.

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

Follow Thaiger by email:

Thailand8 mins ago

Unsatisifed with haircut, grandfather goes to police station for help

Coronavirus (Covid-19)14 mins ago

Thai DDC probe into Covid-19 vaccine recipient deaths to finish next week

Thailand39 mins ago

Good Morning Thailand | Situation in Hua Hin, bars petition for overturn of alcohol ban, Sandbox

Phuket Sandbox July 1st

days
hours
minutes
seconds

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

Sponsored by image

Politics45 mins ago

Thammanat Prompaew said to be PPRP’s next secretary-general

Thailand51 mins ago

Pattaya security guard dies after crashing into garbage truck

Thailand1 hour ago

Killer’s sentence reduced from 10 years to 3, plus community service

Phuket2 hours ago

Over 300 Phuket businesses awarded SHA Plus accreditation ahead of re-opening

Chon Buri2 hours ago

142 new Covid infections in Chon Buri, clusters in market workers and close contacts

Phuket2 hours ago

Phuket 62% vaccinated, Sandbox ready to play in, hopefully

Coronavirus (Covid-19)3 hours ago

Friday Covid Update: 3,058 new cases and 22 deaths

Krabi3 hours ago

Krabi hotels pin hopes on Phuket sandbox success

Tourism3 hours ago

Tourism bodies concerned vaccination uncertainty will disrupt re-opening

Indonesia4 hours ago

Over 350 vaccinated medical workers in Indonesia infected, dozens hospitalised

Coronavirus (Covid-19)11 hours ago

Nightlife businesses petition government to reopen, sell alcohol

Coronavirus (Covid-19)15 hours ago

Koh Larn 70% vaccinated as Pattaya eyes reopening

Thailand4 months ago

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

Tourism4 months ago

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

Phuket4 months ago

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

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

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

Tourism4 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

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

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending