Bonanza enters property with Khao Yai project

This is the second project launch in Khao Yai in this week, following the announcement of a Bt1-billion condominium, 360 Degree Pano, by Khunying Sasima Srivikrom’s Sasi Sombat company.
Bonanza Khao Yai Group chief executive Songkarn Taechana-rong said at a press conference yesterday that demand for vacation homes in Khao Yai continued to rise because of its proximity to Bangkok, which is only two hours away by road.
Moreover, the company has experience in the area through the development of hospitality businesses on 5,000 rai of land, he added.
With more than enough land to develop a residential project to meet rising demand, Bonanza Khao Yai Group has decided to develop the Momento by Bonanza detached-housing project under the theme of “Live the Moment”, with a starting price of Bt14.5 million per unit. The houses will be built on plots of between 200 and 400 square wah (50-100 square metres).
The project will be in two phases, the first including a lake and covering 10 rai, and the second having a huge communal garden area.
“We believe we will succeed in selling 50 per cent of the first phase, worth about Bt200 million, in the remainder of this year, with the rest targeted to be sold out in the first half of next year,” Songkarn said.
The company plans to open sales for the second phase in the middle of 2013, he added.
Earlier this year, listed property firm Sansiri introduced the 23 Degree Estate condominium |project in Khao Yai, which was sold out in August. |The project is worth Bt1.2 billion.
Sansiri plans to launch another condominium project, Valley, in the area next month.
Meanwhile, the Mahakijsiri family’s PM Group plans to launch another Khao Yai residential project next year after introducing its golf club, Mountain Creek Golf Resort & Residence Khao Yai, last month.