Mandala Condominiums in Phuket, where Value and Track Record are the new buzz words

Condominium developments on Phuket have become ´fashionable´ in recent years with low, medium and upper-end condominiums springing up all over the island. In the current slack market environment where buyers brandish the power, reasonably-priced condominiums in good locations, of good quality and by a developer with a track record, are highly sought after.

Mandala Condominiums on Phuket´s west coast fits the bill. Approximately 400 metres from popular Bang Tao Beach and next door to the five-star Laguna Phuket resort complex, golf course and facilities, Mandala Condominiums is the latest addition to this upmarket neighbourhood.

The Swedish developer behind the successful Baan Mandala Villa development identified a need for reasonably priced, spacious condominiums in the Bang Tao area, and launched Mandala Condominiums adjacent to the villa development. There are 24 condominiums in total located in three three-storey buildings, offering a modern design where space is in abundance.

With a total area of 564.16 sqm, the Penthouses have a vast terrace area (265.84 sqm) offering a true ´outside-inside´ living environment, while all units have private swimming pools.

Only six months ago many Phuket condominiums were being touted at prices well over 100,000THB/sqm. A number of these have sold well (and continue to sell well), while others are baring the brunt of the current economic crisis. At Mandala Condominiums, the lowest priced unit is offered at 57,000THB/sqm (353 sqm.) while the Penthouses are only 58,000THB/sqm.

“Mandala Condominiums are self-financed by the developer, meaning no construction delays. Construction is well underway and the show unit will be complete within the next two months, after which we will officially launch to the market,” said Tom Travers of Managing Broker, Indigo Real Estate.

Maybe the days of record prices are gone. Or maybe buyers are looking more seriously at value-for-money, and with that in mind, Mandala Condominiums is well-positioned.

Asia Property Report - June 11 - News