PHUKET: Annual returns of up to 10 per cent are being promised to those who invest in the condotel portion of The Light Suan Luang condominium project in Phuket Town.

Backed by Phuket Living Co Ltd, a former partner in the Royal Place Condominium project on the bypass road, The Light Suan Luang is a 447 million baht, 15-storey complex with a total built-up area of about 12,000 square meters.

Currently under construction on a 3,100 sqm plot off Chao Fa East Road, southeast of Rama IX (Suan Luang) Park, structural work is now half complete and should be finished by February.