Top projects for the rich and the elite

Real Estate February 08, 2013 00:00

By Somluck Srimalee
The Nation

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Most of the top luxury condominiums in Bangkok offering a price of more than Bt400,000 per square metre are located in the central business districts such as Sathorn, Sukhumvit and Rajadamri, according to a survey by The Nation early this week.


They are on both freehold and 30-year leasehold land.
The River at Charoenkrung Road has the highest price in the market for penthouses at Bt419,900 per square metre or worth Bt267.47 million per unit, with 637 square metres space.
The next most expensive is 185 Rajdamri on Rajdamri road that offers a price of Bt414,200 per square metre or worth Bt69 million per penthouse and duplex units, with 169 square metres. This is one of condominiums on Rajdamri Road developed on freehold land. 
Sukhothai Residences has a price of Bt408,800 per square metre or worth Bt450.81 million for a penthouse or duplex, with 1,102.78 square metres space.
The Ritz-Carlton Residences Bangkok on Silom-Sathorn Road, with 99 years leasehold, offers a price of Bt356,187 per square metre or Bt480 million per unit for a penthouse, with 1,500 square metres space. It is fourth most expensive penthouse in Bangkok. 
Q Langsuan at Soi Langsuan ranks fifth, offering Bt306,212.54 per square metre for a penthouse unit or worth Bt142.54 million per unit, for 465.51 square metres.
Oriental Residence is a leasehold project priced at Bt263,500 per square metre for a penthouse and duplex unit, or Bt77.99 million per unit for 296 square metres.
The Residence at St Regis Bangkok on Rajdamri Road, another leasehold project, carries a price tag of Bt260,000 per square metre for penthouse and duplex units, for 442 square metres, or worth Bt114 million.
The next is Saladaeng Residence that charges Bt247,000 per square metre for a penthouse unit or worth Bt44 million for 182 square metres. 
The latest condominium project launched last year is the Magnolias Ratchadamri Boulevard, a leasehold project, offering a price of Bt231,943.38 per square metre or Bt73.27 million per penthouse unit, using 315.90 square metres.
Some of them have succeeded in selling units to both domestic and foreign buyers who have bought either for staying or investment in a luxury condominium, located in the best location of Bangkok, according to CB Richard Ellis (Thailand) research.