Following series of success with six condominium projects worth over Bt3 billion in Bangkok and Phuket, Tri Property is ready to spread its wing to penetrate new business territory via “Arna Development” to develop new residential concepts covering condominium, hotel in main tourist attraction, and medical & elderly care services.
Arna will introduce its initial project “Space Condominium” in Phuket’s central business district, offering 27 sqm. One-bedroom at attractive starting price of Bt70,000/sqm.
Tri Property earned its reputation from the success of three “Proud” condominium projects in Chaengwattana and three “ZCAPE” condominium projects in Phuket and is now ready to step up to develop new residential projects with new concepts through its unit Arna Development that will also include hotels in Chiangmai and Phuket as well as medical & elderly care services, said Arna Executive Chairman Adisorn Vivakanond.
Space Condominium Phuket, a modern 7-storey condominium that embraces simplicity, is a single building with 197 units worth Bt500 million. The project is located on two-rai plot of land near the Vichitsongkram and West Chaofah intersection, Phuket’s newest CBD area, and near the second phase of Central Festival Phuket that is scheduled to be completed soon. Among key developments in the neighborhood include Headstart International School, Outdoor Stadium, large-scale conference center, and other business centers etc.
“We learnt from our experience in developing ZCAPE 3 in the area that quality condominium with functional design that suits new generations’ lifestyles is still in great demand. Therefore, we develop Space Condominium that offer one and two-bedroom units that range from 27-69 square meters with starting price at Bt70,000 per sqm. We are convinced that our new project will serve both residents and investors well,” said Mr. Adisorn.
Despite apparent slowdown in Phuket property market due to macroeconomic prospect, flourishing tourism and development of infrastructure i.e. airport expansion, road extension, and light-rail mass transit project will likely boost local economy and residential demand, particularly stylish condominium and hotels, said Arna President Chaiwat Tantivivat.
“I detect clear sign of robust property demand in Phuket given continuous flows of clients seeking to buy condominium units from us. After kicking off with Space Condominium, we plan to develop boutique hotels in Phuket and Krabi as well as medical & elderly care service. Arna has already invested in medical and elderly care service business in Bangkok and received warm welcome by the market, making it eye for Phuket expansion. However, these projects hinge largely on market readiness and local demand,” said Mr. Chaiwat.
Space Condominium is currently developing sales office and the official launch will commence shortly. For more information, please see initial details at www.spacecondophuket.com or call 084-444-0708.