Large local property investor Winpro Engineer Co Ltd is showing its confidence in the Phuket property market by planning new projects, including one in Phang-nga Province.
Company president Kasem Srirat, whose firm invested in Chao Fah Garden Home and Phumandra housing estates, said he was confident in the housing market, especially its current demand for affordable houses in the price range of 2-3 million baht.
Good sales from Chao Fah Garden Home project 3 at Koh Kaew saw only 80 ready-to-move-in houses left from a total 563 units from phase 1. All 470 units in the second phase sold out recently as well as all 300 units in Chao Fah Garden Home project 5 on Chaofa West Road.
Mr Kasem said from his long experience in the Phuket property market, he saw the preference change of buyers to condominium apartments because of the rising cost of land and stand-alone houses. Phumandra, a 130-unit condominium near Phuket Premium Outlet, is selling well.
He said his firm plans to expand its property development and its next project will be a 120-roomed, three-star hotel and an 80-unit pool villas, both costing over one billion baht, and expected to be started by the third quarter of this year near the Phumandra project.
Target clients are businessmen who travel often to Phuket.
“We are also going to expand to Kok Kloi in Phang-nga with an 18-hole golf course and a hotel on the 1,000 rai. That project is now on the drawing table,” he said.