Kasidit Manopinives, managing director of Able Assets Co Ltd, the developer of “Centrio” real estate project revealed that the company was founded in early 2012 with 100 million registered capital (fully paid) to develop all types of real estate development. The management team has long expertise in property and construction business. It has developed residential projects individually and jointly with other partners such as Baan View Viman Condominium in Hua Hin under Sittarom Residence Co., Ltd. (100 million baht fully paid registered capital) on a 1.5 rai plot of land near Kao Takieb. The project consisted of an eight-storey building with 106 contemporary style units with utility area between 35 and 135 square meters, prices range between 2 and 13 million baht. So far, it has sold over 90% of the project and is expected to complete the construction and transfer to the customers by mid 2013.
Its first project under Able Asset Co Ltd is “Centrio” which is situated slightly opposite Central Festival Phuket on a 5-rai plot of land, consisting of three eight-storey buildings with a total of 504 units with utility area of 30-60 square meters with starting price at 1.49 million baht or 48,500 baht per square meter. The total value of the project is worth over 1 billion baht with full facilities including common area, lobby, golf putting green, exercise room, swimming pool and 24-hour security system with key card. The target customers are 70%Thais and foreigners residing in the area and 30% from nearby provinces. The construction is scheduled to begin in early 2013 and is expected to be completed by the end of 2015. The project is currently selecting financial institutions to finance the project and has been contacted by many institutions.
“On December 8th, the company will launch the grand opening on the second floor Exhibition Hall of Central Festival Phuket. Customers who decide to buy during this period would receive a 50% discount on contract payment from the regular 35,000-40,000 baht and souvenir from the project. With its design to fully serve urban lifestyle, we are confident to close all sales by yearend.”
Mr. Kasidit added that the reason in choosing Phuket to launch the project is because it is a popular tourism spots which is well-known worldwide. At the same time, it has high purchasing power and development in every aspect with integrated transportation system. The management team also has developed projects in major tourism destinations; thus, it sees potential in the market.