Bangkok--Sep 28--CB Richard Ellis (Thailand)
CB Richard Ellis (Thailand) Co., Ltd. has announced a soft launch of Narathorn Place, a new luxury condominium on Sathorn Road. This project will be the first high-end condominium in the Sathorn that is ready for occupation within this year.
Amidst competitiveness in the downtown condominium market, Kinnaree Property Fund has introduced Narathorn Place, targeting high-end condominium purchasers who want pre-built condominium units. The developer plans to open the project at the end of year 2004 with a focus on families and foreign buyers who prefer large units.
Narathorn Place comprises of only 22 exclusive units, located in Bangkok’s Central Business District area of Sathorn. The project is located in a quiet and tranquil environment in Soi Prapinit within a short walk to South Sathorn and Narathiwas Roads and having easy access to business districts such as Silom, Sathorn and Rama IV and proximity to BTS Chongnonsee Station.
This 12-storey building is designed with a contemporary style in a homely atmosphere. There are only 2 units per floor, giving residents privacy and exclusivity. This condominium project offers 137 —143 square metres for two bedroom units and 231 — 240 square metres for three bedroom units. Each unit has a large terrace off the living room and master bedroom.
All units have 2.8 metre ceiling height and are provided with air-conditioner, flooring, ornate bathroom, fully equipped large kitchen and built-in wardrobe. Loose furniture is not provided because normally high-end condominium buyers prefer selecting their furniture collection in their own styles.
Narathorn Place is perfect for those who are looking for a spacious home ready for occupation, close to their workplace in the city centre, and want to live in a private and exclusive environment with high quality.
Ms. Aliwassa Pathnadabutr, an executive director at CB Richard Ellis (Thailand) Co., Ltd., comments, “Having been focussing on the high-end and top-end markets, we believe that there is continuing demand from the markets with high purchasing powers. They are generally not affected by the interest rate increase. However, a product needs to match market requirements in terms of location and design. Narathorn Place is the pre-built condominium development, concentrating on large unit size. We target high-income families who are owner-occupiers and investors who are looking at renting units out to foreign top executives working in the Sathorn area, where there are many grade A office buildings. They may achieve 100,000 baht per month for 3 bedroom unit rental.”
It is a good opportunity for pre-built condominiums in the market because most of the high-end condominium projects launched are selling off-plan. There is demand from condominium purchasers who want to move in immediately and cannot wait for the projects that will be completed in the next 2-3 years.
“This is a new alternative for the high-end condominium market. Buyers can actually see what they will get from their purchases and have confidence in the quality of the project. This means the buyers do not need to concern themselves about construction matters,” added Ms. Aliwassa.
At present, the show unit of Narathorn Place is ready for visiting at the site by appointment. There are 2 types of condominium unit displayed — fully furnished and standard rooms — to show a variety of choices that Narathorn Place’s buyers can make. This condominium development will be completed by the end of 2004.
Project Name : Narathorn Place
Type of Development : 12-storey luxury condominium
Location : Soi Prapinit (Narathiwas Soi 7) on South Sathorn Road with easy access to Soi Suanplu and Sathorn Road and walking distance to BTS Chongnonsee Station
Land Area : 389 square wah (1,556 square metres)
Features : Narathorn Place is the first pre-built luxury condominium in the Sathorn area, consisting of 22 exclusive units and surrounded by greenery landscape. There are only 2 units per floor with contemporary design in a homely atmosphere. Each unit has a large terrace off the living room and master bedroom, with high ceiling and large kitchen.
Unit Size : 137 — 143 square metres for 2 bedroom units
231 — 240 square metres for 3 bedroom units
Facilities : Swimming pool, fitness centre, sauna, 24-hour security system, 2 passenger lifts, key card access
Price : 10.7 — 21.5 Million Baht
Developer : Kinnaree Property Fund
Schedule of Completion : End of 2004
Sole Marketing Agent : CB Richard Ellis (Thailand) Co., Ltd.
Tel: 02 654 1111
Building Perspective
For more information, please contact:
Ms. Ngamjai Jearrajarat
CB Richard Ellis (Thailand) Co., Ltd.
Public Relations Department
Tel: 02 654 1111 ext. 223
PROPERTY DETAILS End.
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