Property firm All Inspire Development has formed a remarkable joint venture with two leading developers from Japan in launching a luxurious Bt4.8-billion residential project, the Impression Ekkamai, chief executive officer Thanakorn Thanawarith told a press conference on Monday.
The joint venture, AHJ Ekkamai Co Ltd, has initial registered capital of Bt100 million, with All Inspire holding 51 per cent.
Japanese developer Hoosiers Holdings has 29 per cent, and 20 per cent is held by fellow developer Kyushu Railway Company.
Prices at the Bangkok property start at Bt7.9 million per unit, said the CEO of the listed developer.
The high-rise project comprises 380 units on a 2.3 rais (0.4 hectare) plot.
The project is divided into two residential buildings of 43 and 25 storeys, and a 16-storey auto-carpark building.