The 15-floor complex on just over six rai of land on Nakorn Rd will have 504 starter-size condos ranging in area from 32 to 71 sqm, and priced from B1 million each.
Aimed firmly at entry-level buyers, the condos are selling for monthly payments as low as B3,900.
Total development cost is estimated at around B900 million. Communal facilities are expected to include a pool and a fitness centre.
The developer, Supalai plc, which has paid-up capital of more than B1.7 billion, is currently on a major expansion outside Bangkok, with successful projects in Khon Kaen, Chiang Mai, Songkhla, and plans for more in Nakhon Ratchasima, Udon Thani, Ubon Ratchathani, Phitsanulok, Nakhon Sawan, Nakhon Si Thammarat and Rayong.
It is also looking overseas, studying possibilities in Indonesia, Malaysia, and the Philippines, once the Asean Economic Community becomes reality in 2015.
Following the Supalai launch, the next low-end project due to take off in Phuket is the latest offering from Sansiri, also of Bangkok, which held a press conference yesterday (May 24) to introduce its dCondo Creek condominium project.
In the same area as Sansiri’s two previous developments, on the road from Tesco-Lotus to Kathu, the project will have 806 units, aimed at the low-end market.