The owners of the Jirung Health Village in Chiang Mai, Jirung Group, intend to develop 53 Colonial Lanna-style houses in a luxury housing estate next to the health village.
Houses in the THB400 (US$13 million) million project will cover 70 square wah of land and prices will start from THB4.6 million (US$150,571).
Jirung Residences will target high-income Chiang Mai locals and people from Bangkok looking to retire to the peaceful Mae Rim area.
The original idea for the project was 75 houses covering 37 square wah and prices starting at THB2.9 million (US$94,925).
The exclusive nature of the development and the property market improving is what Luenchay Vongvanij, managing director of Jirung Group is hoping will attract buyers.
“The situation is now improving and the Thai economy is picking up considerably. We hope our project will get a warm response from homebuyers” he said.
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