Mandala Condominiums Recognized at Thailand Property Awards

---

(PHUKET, THAILAND) -- Mandala Condominiums - a collection of 24 oversized apartments with private pools - was recognized at the recent Thailand Property Awards 2010, a glittering gala ceremony in Bangkok that is widely recognized as the Oscars of the country's real estate industry.

Mandala Condominiums was in tight completion with some of Phuket's most highly-branded and well-known properties which included Andara Apartments, Baan Yamu and Royal Phuket Marina. Mandala Condominums is located in Phuket's prestigious Laguna area.

Mandala was the only condominium project recognized from Phuket's exclusive Laguna area, which has become Thailand's most expensive, tropical property region. Sixteen condominiums - including two penthouses - still remain for sale in the completed community.

The award is particularly significant to the project's developer Staffan Nordstrand who started building Mandala Condominiums at the beginning of the world financial crisis in September 2008 without any pre-sale purchases or any guarantees when the economic climate would improve.

Mandala Condominiums triumphed through these hard times and sold eight apartments last year and are now poised to further capitalize going into Thailand's tourism season with one of the island's only completed new developments.

"We are very proud of this award as it acknowledges Mandala's ongoing commitment to high-quality standards," says Nordstrand, a Swedish national who has been operating a construction business in his homeland since 1974. "We've achieved this by following very tight ISO international building standards to manage Mandala's quality, timing and economy."

Mandala Condominiums compares favorably with their competitors for the "Best Condominium Development in Phuket" prize based on the cost per square meter price of each development's most expensive two-bedroom condominium.

For example, Andara Apartments are selling for $155,693 Thai baht or $5,207 per 10.76 square feet, including pool and sea views, compared with Mandala Condominiums that are priced from $67,329 Thai baht or $2,251 per 10.76 square feet.

Baan Yamu is selling for $99,684 Thai baht, including sea views, and Royal Phuket Marina is priced from $139,053 baht with sea views.

 

---