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Thailand Property – Piya Plans Villas in Khao Yai

By on Dec 05, 2014 in Property News

713819Piya International Co, a property company owned by Piya Bhirombhakdi, plans to develop 400 luxury villas on an 800-rai site in Khao Yai worth over 6 billion baht spanning the next five years. The first two phases of the Pirom at Vineyard project, which will be launched early next year, will comprise 72 units worth 2.82 billion baht on plots covering 99 rai. The company targets closing sales by the end of 2015.

“We may be new in the property development business but not for luxury projects,” said managing director Nuanlada Ngamtanaphaisarn.  Five years ago the company developed Phulay Bay A Ritz-Carlton Reserve, a six-star hotel in Tub Kaak, Krabi. The 54 villas have room rates of between 10,000 and 100,000 baht per night. Reserve is a new Ritz-Carlton brand for resort destinations.

The project will sell a land plot and build a villa with land prices of 30,000-40,000 baht per square wah and villa prices starting from 12.3 million baht. Future phases will include villas and two-storey condo buildings.

The company has PB Valley Chiang Rai on a 5,000-rai plot as well as plots on Koh Samui, Krabi, Nakhon Si Thammarat, Chumphon and Chiang Mai.

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