More residential projects on skytrain route

Real Estate June 22, 2012 00:00

By SOMLUCK SRIMALEE
THE NATION

4,124 Viewed

Property firms are launching new residential projects on Sukhumvit and Srinakarin roads, thanks to the extension of the Skytrain from Sukhumvit 107 to Samut Prakan.



 

 

Krungthep Land launched its latest detached-house project – The Grand – worth Bt2 billion yesterday. The project has only 100 units on land on 80-100 square wah, at a price range of Bt10 million to Bt15 million.

 Normboon Co has launched its latest townhome project – Le Nextra Srinakarin – worth Bt540 million. The project has only 117 units, at a starting price of Bt4.26 million per unit.

 Earlier, LPN Development introduced the Lumpini Mega Bangna, worth Bt4 billion, in the first quarter of the year.

The company also launched a special promotion campaign of paying only Bt5,000 to be the owner of a Bt1-million condominium. The promotion, which kicked off yesterday at Queen Sirikit National Convention Centre, is open until Sunday.

Property Perfect introduced the latest condominium project – The Sky Sukhumvit – on Sukhumvit 103/4, worth Bt2.3 billion. The company also launched a special promotion campaign yesterday at Siam Paragon, which runs until Sunday.

Chawintorn Kunakornporamut, deputy director for business development at Krungthep Land, said the company had decided to develop a detached-house project on Udomsuk Ring Road because the company sees strong demand in the market.

Although most of the property firms are interested in developing condominium projects at this location, the company believes that the demand for low-rise residences will continue to grow. Also, this location is free from flood threats, he said.

The company also plans to launch two new detached-house projects worth Bt4.3 billion in the next year. They are The Grand Pinklow-Nakornchaisri and Urban Residence at Sathorn-Ratchaphreuk Road.

The company has set aside a budget of Bt1 billion to buy undeveloped land in Ratchaphreuk, Bang Na, and Rattanathibeth, close to the mass-transit system, to develop condominium projects in the future.

Krungthep Land is developing The Pano on Rama III, worth Bt6 billion. The project has already been transferred to its customers, with sales at 80 per cent of total project value.

Normboon Co managing director Mana Jiranapakul said the company was introducing its latest townhome project on Srinakarin Road as the company saw strong demand. It is focusing on customers who want to buy low-rise residences close to the mass transit system.

 Meanwhile, the company plans to launch a new detached-house project under brand Le Neo, worth Bt460 million, in August. They will drive its total revenue to Bt540 million this year, he said.