Supalai Public Company Limited led by Dr. Prasart Tangmattatham, a company director, stated that the investment in Australia has received positive feedback. Recently, the company has commenced construction on the Balmoral Quay (Rippleside) Phase 2 project, valued at over 100 million Australian dollars. Kane Construction, known for its extensive construction portfolio including Geelong Hospital, GMHBA Stadium, and NDIS headquarters, is responsible for this project. The joint venture for this project has planned the construction of Phase 2, starting with piling on a total area of 16.9 acres, and expects to complete construction by 2020.

          Joe Gersh, Chairman of Gersh Investment Partner, the representative of Supalai Public Company Limited, the project's investor, stated that Phase 1 has been fully delivered to customers, and Phase 2 has also sold out. Construction is currently underway and is expected to be delivered within a year and a half. Currently, over 30% of customers have registered their interest in Phase 3. Although demand in Geelong has softened, it is still evident that the public retains significant purchasing power.

          Theo Axarlis, Managing Director of Gersh Investment Partner, added that data from registered customers online indicates a high level of interest in this project. It is anticipated that construction for Phases 3 and 4 will be completed around 2022-2023, featuring 2-3 bedroom townhouses and 3-bedroom apartments. Additionally, customers may soon have the opportunity to purchase marina berths that will be available for sale shortly.

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