PHUKET: Mandala Condominiums took home the prestigious Best Condo Development at The 2011 Thanachart Bank Thailand Property Awards, held recently at the Grand Hyatt Erawan Hotel in Bangkok.
Mandala Condominiums – a collection of 24 over-sized apartments, all with private pools and located in Phuket’s prestigious Laguna area, was recognized at a gala ceremony attended by more than 600 CEOs, managing directors, developers and other senior management figures from the national and regional property sector.
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.
Reflecting the quality of the project, Mandala Condominiums sold 50% of their 24 units during the global economic downturn. With the Best Condo Development award, they are now poised to further capitalize going into Thailand’s tourism season as one of the island’s only completed, new condominium developments.
“We are very proud of this award as it acknowledges Mandala’s ongoing commitment to high-quality standards,” says Nordstrand, a Swede who has been operating a construction business in his homeland since 1974. “We’ve achieved this award by following very tight ISO international building standards to manage Mandala’s quality, timing and the economy.”