Le Cellini's target is local Thais, yuppies so to speak in that they are mostly second or third generation business owners aged 30-45, with kids, who don't want to live in shophouses like their parents did, and want to live relatively close to their businesses and to schools particularly Udon Pittiya High School. Sounds like a nice group of neighbors to me, to have my children grow up with.
Three foreigners bought to date. With another 15 houses in Phase Two, I'd be surprised if more than 3-4 additional foreigners buy here, and bet it will remain majority Thai.
Khondam, does it show more sense than money, to invest 5-6 milion baht (of which only 500,00 for the land) a few kilometers outside the ring road surrounded by slums and rice fields where most of the neighbors live in a dwelling worth less than a million baht, and make few thousand baht per month? Honestly, that sounds closer to your own definition of a slum mansion.
OK, agreed our project is indeed an oasis, and right outside the gate and walls is Udon Thani in all it's glory. However all the land around us, for several kilometers, has a high intrinsic value. This is why it is expensive, location location location.
The dificultly with land even closer to the city center is the value is now so high, crazy high compared to how it looks, that it is virtually impossible to get any return whatsoever on it's value, unless a commercial property. Prove me wrong, educate me, let's see some numbers on price per wah and build costs, for a unit price.







