The Magnolis Ratchadamri Boulevard was just recently launched, setting brand-new requirements for luxury residences. Offered are 316 systems ranging from one-bedrooms to larger penthouse units.
Bangkok has introduced yet an additional high-end project in its most unique neighnourhood.
Strategically built in Bangkok's main business district, Magnolis Ratchadamri Boulevard, made by Magnolia Very best Corporation, redefines the city's architectural design as it is anticipated to set a new benchmark for luxury resident financial investment.
This task, with a total property value of approximately THB6 billion (US$ 188 million), will be completed in mid-2015. Nevertheless, a minimum of 35 % of the units have actually currently been supposedly sold while 3 penthouses remain on the market.
Constructed on even more than 6 rai (9, 600 sqm) of land, Magnolis Ratchadamri Boulevard has 316 domestic units included 88 one-bedroom units, 220 two-bedroom systems, 2 penthouses (varying from 290 to 300 sqm), and six duplex penthouses (ranging from 250-360 sqm). All units have a leasehold contract of approximately 30 years.
According to Thanawan Chaiwatana, managing director of Magnolia Finest Corporation, he anticipates the home value of Magnolis Ratchadamri Boulevard to increase by 6 % in the first 5 years which partially is premised on positive feedback they received from the target customers throughout the pre-sales period.
Outdoors Thailand, Chaiwatana stated that they likewise see possible buyers from Hong Kong, China, Singapore, and Malaysia. At the minute nevertheless, most customers have actually been business investors of Thai independent investors who wish to purchase a system to live in and as a future financial investment as well, he included.
Magnolis Ratchadamri Boulevard includes a dramatic profile as it has actually been formed to introduce two layers of a three-dimensional architectural "petal" that twists along the tower's complete height and the podium's full length. Such idea is a reproduce of a Magnolia flower springing from the ground. Also, the design implied to symbolize an individual connection between its citizens and the heart of Bangkok.
In addition, the design is also created to adhere to the Thai 2009 Green Building Code and the Management in Energy and Environmental Design (LEED) accreditation of the US Environment-friendly Building Council.
'The objective is to boost residential living. The design option is the outcome of the integration of property design and material selection,' stated design director Surawat Hant.
Chaiwatana added that they want the owners to feel like 'they were buying and buying a one-off piece of art that would become a landmark of the city'.
Luxury facilities for the residents consist of a personal clubhouse, concierge service, library, pools and a running track with slope yard.
In addition, Magnolis Ratchadamri Boulevard will house the varied functions in the structure complex while improving Bangkok's skyline. Among the functions that will be incorporated are a 5-star hotels and resort, the Waldorf Astoria Bangkok and an unique shopping mall.
Magnolis Ratchadamri Boulevard is located on Ratchadamri Roadway, a the home of some of Bangkok's finest hotels and resorts and luxury houses.