In case of a judgment revoking the license of the Ashton Project Asoke fears that it will affect Thai real estate investment, recently AP moves forward with a joint venture with Mitsubishi. Estate popped luxury condo RHYTHM Charoennakorn worth 4.5 billion as Noble joins Hong Kong Land for Embassy launch value wireless 9.9 billion on Wireless Road

Kamonthip Bamrungchart Udom Deputy Managing Director Business Development Division of Condominium Products, AP Thailand Public Company Limited, discussed the business plan in the second half of the year that The company continues to jointly invest with Mitsubishi Estate in 2 projects, namely "THE ADDRESS Siam-Ratchathewi", a prestige-luxury project on a prime location next to BTS Ratchathewi. m. price from 8.29 million baht, currently with a transfer of 40% and the project "RHYTHM Charoen Nakorn" worth 4,500 million baht, an area of 4 rai, located on Charoen Nakorn Road. Opposite Icon Siam, average price 170,000-180,000 baht per square meter, expand the room starting at 35 square meters, price 7.7 million baht

Although the overview of condos this year has many factors affecting the market, but the trend is "better than" last year, with AP Thailand's condo sales in all segments improving compared to the previous year. Throughout the period of 10 Last year, AP together with Mitsubishi Estate development totaled 24 projects along the mass rapid transit lines, which penetrated the middle and upper markets, with 13 projects worth a total of 60,650 million baht. And there are 11 projects under development ready for sale worth 55,650 million baht.

Thongchai Busrapan Vice Chairman and Co-Chief Executive Officer of Noble Development Public Company Limited said that the real estate market situation in the second half of the year continued to show positive signs from the recovery of markets both in Thailand and abroad. Although foreign customers from China have not fully entered yet. Therefore, the company has adjusted the port to diversify the foreign customer base to be more diverse, such as Taiwan, Singapore, Hong Kong and Myanmar, etc. At the same time, the purchasing behavior of foreign customers has changed. which will focus on buying more for living by yourself But there are still more customers who buy for investment as well.

In the second half of the year, the company will launch 7 projects worth 18,300 million baht, starting with the Noble Terra Rama 9-Ekkamai project, a high-end detached house project expected to be officially launched in September. .This Noble Equa Riverfront Ratburana project is a high-end townhome project next to the Chao Phraya River. Expected to open for sale officially in September and highlight "Embassy Wireless" is a joint venture project with Hong Kong Land worth 9,900 million baht on Wireless Road.

At the same time, SC Asset jointly invests with a giant alliance from Japan, "Tokyo Tatemono", "Reference Project". Sathorn-Wongwianyai”, the project value is 4,000 million baht.

  Mr. Fumio Tajima, Managing Director and Director of International Business Division, Tokyo Tatemono Co., Ltd., said that the company is confident that Thailand has outstanding growth both in terms of economy and society. It also has a culture close to Japan. In the past, it has expanded investments both in the United States. with countries in the ASEAN region which this cooperation Therefore, it is a combination of the strengths of the two companies in terms of construction technology. Speed in delivering quality products and services to develop housing for the future

by this joint venture The company has established a new subsidiary, SC Asset Three Co., Ltd. and the source of funds is cash flow from the company's operations. As for the investment proportion, SC 55% and Tokyo Tatemono 45% and there are plans for more joint ventures in the future. For Reference Sathorn-Wongwian Yai worth 4,000 million baht is a condo near the BTS. There are 2 high-rise buildings with a height of 32. Floors and 51 floors, totaling 815 units, along with 4 units of commercial space on the project area of over 3 rai, starting price of 3.69 million baht.

  While Assetwise has a joint venture with Tokyo Tatemono, a subsidiary of Tokyo Tatemono Co., Ltd, a real estate developer from Japan. with a long history By jointly developing the project "Kev Coco Bangsaen", a condominium near Burapha University worth more than 2,000 million baht to further its success. and reinforces leadership in the campus condo market

For the "Kev Coco Bangsaen" project, it is a 8-storey condominium with 4 buildings, 974 units, usable area ranging from 23-34.50 square meters, on an area of more than 8 rai, close to Burapha University, surrounded by students and workers. Starting at 1.59 million baht, worth 2,000 million baht, with a distinctive, modern, unique design. Combining fun with easily adjustable functions to meet different preferences and life in every side of the new generation Previously, AssetWise had a joint venture project with Tokyo Tatemono, namely the Atmoz Oasis On Nut project, totaling 1,110 units, worth 2,200 million baht.

Source:https://www.bangkokbiznews.com/property/1083427

Date 14/08/2023