Bangkok--23 Sep--JC&CO PUBLIC RELATIONS
Chewathai Company Limited moves forward to launch the third project “Chewathai Ramkhamhaeng”, a large condominium worth over 1 Billion Baht with 33 storeys and 535 units sized between 29-60 square meters and priced starting from 1.3 Million Baht on a land plot of almost 4 rai in popular location Ramkhamhaeng area. Chewathai is confident in marketing strategy and campaigns to attract target market seeking a quality residence in Bangkok in price ranging 1-1.5 Million Baht. The Company expects to close sales of over 50% by the end of the year as it is confident in the project’s selling point that differentiates with privacy and tranquility which is very rare in the location as well as the remarkable architecture, undertaken by Thailand’s leading architecture firm, in the same level with other luxury condominium in the central business district. The project is guaranteed with the international standard and construction management in which consumer is confident from “Chewathai Ratchaprarop” and “The Surawong”. For additional information, please contact everyday during 09.00-19.00 at 0-2732-2215 or www.chewathai.com
Mr. Chartchai Panichchewa, Chairman of Chewathai Company Limited, discloses about an investment in the third project worth over 1 Billion Baht that land cost in Ramkhamhaeng area is not as high as in other locations in Bangkok. When the plot is developed for a project, unit price is not very high so offering price will tap wider market in Ramkhamhaeng and Bang Kapi area where a large number of resident lives.
Among the resident living in Ramkhamhaeng and Bang Kapi area are provincial people who further study or work in Bangkok and live in an apartment with an average rent of between 2,000-7,000 Baht a month. And ultimately, they immigrate to live in Bangkok permanently and aim to have their own house. Consequently, condominium priced 1 Million Baht a unit is their alternative as monthly payment for a unit is very close to rent they pay each month. This project focuses on value-to-money concept with selective A-grade construction materials in an elegant atmosphere and price everyone is affordable.
“Chewathai Ramkhamhaeng” project is a large condominium located on a plot of 3-3-32 rai on Soi Ramkhamhaeng 79/1 on Ramkhamhaeng Road. The project is a high-rise building with 33 storeys, comprising 535 units sized between 29.46-60.40 square meters. It is designed to be a private and tranquil residence as the building turns to the south. The first floor area is a lobby designed with modern style. The second to fifth floor is car park of 200 lots with 24hr security system. The unique of the project is sky fitness with all equipments and a salt-water pool sized 5 x 15 meters on the 33rd floor which is the top floor of the building. Landscape of the project is designed with flower garden and green area.
For transportation, it is very convenient for resident to travel by private car or public transportation as the location is designed to have two access road on both Ramkhamhaeng and Lat Prao Road where over 50 public buses and a lot of private vans to all areas in Bangkok pass. It is also near an entrance and exit of the second-stage expressway on Rama IX Road and Ram Intra-Art Narong expressway, express boat on Klong San Sab and not far from Lat Prao MRT station.
Boon Choon Kiat, the Company’s Executive Director adds about the market’s condition and view of foreign investor as the Singaporean partner, saying from market survey on the project of the Company and other competitors in the property market, sales continue increasing and is higher form the same quarter last year though it is not as good as during the active economy in the past two years as consumer has a variety of choices and the economic condition that makes consumer plan their finance. As the Singaporean partner, he is confident in Thailand’s property market.
The Company also has a policy to expand an investment if it finds an opportunity to develop all kinds of property project. However, many banks’ housing loan promotions, high demand in the market and transportation system development including the mass transit lines, Bus Rapid Transit or BRT and etc will make the property market interesting. He anticipates there will be over 50,000 units of condominiums, townhouses and single houses in the Greater Bangkok in 2011.
About Chewathai (in brief)
Chewathai Company Limited is a property development firm, a joint venture between Chatchewa Company Limited, led by prominent businessman Mr. Chartchai Panichchewa, and Trans Equatorial Engineering Company Limited, a subsidiary of TEE Group which is a listed firm in Singapore. The projects which Chewathai develops include two condominium projects—“Chewathai Ratchaprarop” and “The Surawong” worth a combined over 2 Billion Baht. Chewathai sets to constantly expand an investment in all kinds of property project and aims to get listed in the stock market in the next three years.