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Khao Yai Property Company, Phupobfa, Taps Wealthy Thais

By on Feb 13, 2015 in Property News, Residential

Khao Yai PropertyKhao Yai Property company Phupobfa Co, plans to develop a luxury villa project in Khao Yai to tap strong demand among high-net-worth Thais. The Creston Hills Residence will have just 57 units with prices starting from 55 million baht.

Executive director Jinin Trakarnsuebkun said demand for resort homes among wealthy Thais remained strong despite the sluggish economy.

“Khao Yai is a resort destination with weather similar to that of northern provinces, but located near Bangkok. This continues to drive demand in Khao Yai,” she said.

Ms Jinin said the planned motorway from Bang Pa-in to Nakhon Ratchasima, will boost demand as it will shorten the travel time from Bangkok to Khao Yai to only an hour.

The first project will be located on a 99-rai plot, including 30 rai for a lake, with 57 villas in American contemporary style. Units will be priced 55-100 million baht on land priced 65,000-75,000 baht per square wah with entrepreneurs and chief executives as the target group.

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