Property developer Tri Property Co, owned by a family that runs a mining business in Phuket, plans to develop a community mall on Chaeng Watthana Road and a high-end hotel in Phuket with a total investment of over 1.2 billion baht over the next few years.
Chief financial officer Chaiwat Tuntiwiwat said the community mall will be on a seven-rai site and mix together a plaza, sports centre and automobile-related shops. Investment will be 200-300 million baht.
"In the next two years, we will diversify our investment for recurring income, while still launching a new condo projects worth 1 billion baht a year," he said. The hotel will have 50 villas located on a beachfront plot in Phuket.
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