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Phuket condo mania hits new heights with Sansiri's dcondo Creek

Phuket Condo Mania Here to Stay

Thursday, May 24, 2012
PHUKET: The revolution in the Phuket condo market is expected to continue on June 1 with the launch of a new large Sansiri development that is likely to sell out within a day or so.

The dcondo Creek project in central Phuket contains 806 units with a 100-metre swimming pool at its heart and a time-payment deal that should attract both investors and would-be residents.

Sansiri has had remarkable instant success with its Phuket projects so far and the dcondo Creek development, previewed to Phuket's media today, seems likely to be snapped up with lightning speed off the plan.

Buyers pay as little as 999 baht for the first 10 months, creating the kind of interest in the Thai market especially that hasn't been seen at this intensity on Phuket before Sasiri's first offering last year.

The dcondo Creek will sit by dcondo Kathu in Vichitsongkran Road near the tessaban Kathu offices.

There are 750 studio units of 29 square metres and 50 two bedroom, two bathroom units of 60 square metres, in four blocks up to eight storeys in height.

Prices start at 1.1 million baht for the studio apartments - less if you want to bring your own furniture - and 2.5 million baht for the family apartments. Construction is expected to begin in October and finish within a year.

The complex will have keycard access, security cameras, a fitness centre, a lounge and a dining area.

Sales are scheduled to run from June 1 to June 3 but as with last year's offering, the whole project is expected to sell out in the first day.

Buyers of the initial dcondo offering were known to snap up 20 units as an investment, and some are said to have already taken a profit.

Price, product quality, group dependability and marketing technique give Sansiri a distinctive sales edge on a scale never before seen on Phuket in real estate.

Suriya Wannabuit, Executive Vice President - Project Management and Marketing Department of Sansiri Public Company Limited, said that he thought the central swimming pool took the dcondo Creek project to a new level.

''We will have to look carefully at what we can do to improve a very good product next time,'' he said.


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