Standard And Sansiri Team With Central In New Phuket Project

Standard International is set to launch two new hotel branded residence projects in Thailand.

In Phuket, a 222-unit Standard branded condominium by Sansiri will be located near Laguna Phuket and Boat Avenue in the Cherngtalay area, located on a land plot that was purchased from Boat Pattana.

According to the Bangkok Post the project is being developed by a Central Group affiliate and will be launched later in the year.

Units will range from one-bedroom units, 55 square meters up to large duplexes.

The mixed-use project will also include a 150-key Peri Hotel which is one of Standard’s brands, along with other lifestyle commercial components.

Sansiri will also develop a 258-unit Standard hotel branded condominium in Hua Hin.

Thai-listed group Sansiri is the major shareholder of the global Standard International hotel group.

On the Thai resort island of  Phuket, the Chergtalay, Laguna, Bangtao area is rapidly attracting institutional real estate investment with Sansiri and Central bringing a new set of property projects to the booming property landscape.