Siamese Asset Public Company Limited (SA) makes its debut in Phuket! The company has teamed up with two partners, "Ritta" and "Dynasty Stone," to establish "Siamese Stone Development" and invest in the "Island Collection" real estate project, which features high-end private pool villas. The total project value is 620 million baht, comprising 9 units with prices starting at 69 million baht, located in a prime area near Layan Beach and Bang Tao. The Phuket real estate market is assessed to have less supply than demand, and the company is confident of a positive response, anticipating a pre-sale launch by the end of this year with a sales target of approximately 60% for 2024.

Mr. Kachornsit Singserm, CEO of Siamese Asset Co., Ltd. (SA), a comprehensive real estate developer under the concept of "Asset of Life, generating profits for every lifestyle," stated that the company, in collaboration with Ritta Holding Co., Ltd. and Dynasty Stone Co., Ltd., has established a new company named "Siamese Stone Development Co., Ltd." with a registered capital of 5 million baht. The objective is to carry out the "Island Collection" project, which consists of 9 private pool villas with a total project value of approximately 620 million baht, located near Layan Beach and Bang Tao in Cherng Talay, Thalang District, Phuket. The pre-sale is expected to open by the end of this year.

"This tripartite collaboration presents a great opportunity for our company, as we have partners with expertise in crucial areas of real estate development. This includes a top-tier construction contractor in the region and experienced real estate operators with numerous awards validating their work. This makes SA's first step in expanding its business to Phuket special, as it accesses a location with significant potential to penetrate the local real estate market, being close to the beach and the airport, as well as other amenities such as golf courses and shopping centers. The project features a Modern Tropical Luxury design by SL Architecture, a world-class architectural and interior design service provider, ensuring high construction standards and quality. We are confident that the Island Collection project will receive a positive response," Mr. Kachornsit said.

Meanwhile, Mr. Panithan Thepnigorn, Chairman of Ritta Holding Co., Ltd., mentioned that Ritta is responsible for all construction work. With over 30 years of experience in providing comprehensive engineering, design, and construction services in the region, the company is confident in sourcing high-quality materials and modern construction management for the Island Collection project. Additionally, Ritta is ready to support other projects of Siamese Asset in the future.

On the other hand, Mr. Dhanesh Deepak Sabhani, Chairman of Dynasty Stone Co., Ltd., which operates in the real estate sector by providing services for buying and selling properties for residential purposes, stated that the company will handle the sales and marketing of the project. They aim for sales to exceed 60% of the project value in 2024, as they assess that the Phuket real estate market has significant growth potential, with high demand aligned with urban development plans. Currently, supply is unable to keep up with demand, presenting an opportunity for investment returns and continuous absorption rates in Phuket and neighboring provinces such as Phang Nga and Krabi. Given the growth of the pool villa market, they are confident of achieving satisfactory sales levels.

Furthermore, the Island Collection project is located at Soi Kok Ton Not 3, Thalang District, Phuket, with prices starting at 69 million baht. For more information, interested parties can contact 1306 or +66-83-529-3388.