K.P. Group, a contractor-turned-developer, plans to spend 600 million baht to develop a condominium in Phuket and a single house project in outer Bangkok next year.
Managing director Amrit Srikuruwan said the project in Phuket is located on a two-rai site, 900 metres from Patong Beach close to its first condominium project, the 480-million-baht Art@Patong launched in late 2009 with 60% sold.
The group, which shifted from construction business five years ago, is looking for a 10-rai plot in outer Bangkok to develop a housing estate in a mid-priced range or between four and six million baht a unit.
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