SOMLUCK SRIMALEE
THE NATION November 27, 2012 1:00 am
She said yesterday that the first new project, 360-Degree Pano @ Khao Yai, would be developed by Sasi Sombat Co, which was established this year with registered capital of Bt5 million.
The next project, Phuprapai, also in Khao Yai, worth Bt500 million to Bt600 million, is set for next month.
The company's investment budget will come from its capital only.
The "360-Degree Pano @ Khao Yai" project combines villas and a condo building on 30 rai (4.8 hectares).
The project offers a starting price of Bt3 million for a 50-square-metre condo unit.
Phuprapai has 50 rai of land available. A study is being made on whether to sell land only or build houses on the land for sales.
Both projects will start construction next year and be completed in five years. The condo project, 360-Degree Pano, is applying for approval of its environmental impact assessment.
"We may launch both options for our customers to select," Sasima said.
She decided to start developing residential projects again because she sees demand for second homes in Khao Yai and she also has land in this location. This matches with the demand in the market.
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