Developing Firm Planning To Open Projects of Total Value 570 Million Baht

A well established developing firm of Phuket, Thailand known by the name of Absolute Group is all set to open two projects of total value 570 million baht in 2009.

These two properties which were about to be launched are:
1. Absolute Bangla Suites – This project consists of 47 suites and around 7 penthouses. The total value of this project is 300-million-baht.This project is situated in Soi Bangla.
2. Absolute Beach Resort – This project consists of 33 suites and a few penthouses. The total value of this project is 270-million-baht. This project is situated in Nakalay, Patong Bay.

Absolute Group is also investing in an association project with another well known developing firm, 'yoo' brand, which is looking for expansion in Asia, to build up a project of lakeside apartment building of total value 1.75 billion baht in Phuket. This project is planned to be opened in 2011. This project consists of approximately 256 rooms. This project is situated in close proximity to the Red Mountain golf course in Phuket. The Absolute Resort Management will supervise this project which is planned to be launched in September 2011. The name of this project will be “yooPhuket”.

The chairman of Absolute Group recently stated that planning to expand at the time of this worst effected circumstance of global economic recession is a huge challenge.
Though, he is very convinced regarding Phuket's competitiveness, because Phuket had turned out to be one of the most preferred hotspots of the world even though the global slump and local political volatility have negatively influenced Thai tourism.

He further stated that their next target will be Samui and Pattaya, which are still in a developing phase.

Absolute Group has accounted 200 million baht in 2009 for businesses, human resources and marketing for properties intended to open in 2009.