The Supalai Monte since it launched it has been plagued with rumors about whether they would get their building permit or not! This was due to the projects close vicinity to the courts.
Even the owners did not think that they would succeed, so they purchased a second plot on the other side of the road with the plan to move the entire project a couple of hundred meters up the road.
To the absolute surprise of everyone, they got their building permit and building has started. Now the Chiang Mai sky line is being altered again.
Even as this building goes up to the 20th floor the building is looking very impressive from all over Chiang Mai and there are still a further 11 floors to go.
The sales started several years ago with a clever sales team that would sell out several floors at a time. Then wait several weeks before releasing several more floors.
Every time there was a new release of units there would be long ques of cars up the road trying to get to the sales rooms. Since this project I have not seen such a successful sales approach. This would be followed swiftly afterwards with “sold out” signs.
Then all of a sudden the doubt started and the rumors began.
Now it is time to see the building progress there is still a long way to go before its completion. Once complete the Supalai will be officially the tallest building in Chiang Mai. 5 floors higher than Floral Condo.
Currently there are few that do not feel that Chiang Mai has a glut of new units on the market and many are wondering if there will be enough demand on the rental front for many of the 700 plus units that will hit the market once complete, let alone the grand total of 1400 units once Supalai Monte 2 is completed!
For now will just have to wait and see.
What are your thoughts on this building? Have you heard the rumors? Have you bought in this building? Or do you think they should not be allowed to build such high rise buildings in Chiang Mai?
We love to hear your comments below.