Splendid Luxury Houses

A Narongdej family had the KPN Group Corporation this family keeps an idea to introduce a project containing extravagance houses of value 2.7 billion baht in Bangkok during next month. At the start of the year this group also has a plan to buy a plot of 1.5 on North Sathon Road near Surasak skytrain station from the family of Komarakul Na Nakorn, the houses located by this family are ancient, about more than 100 years.

According to a source of property industry, KPN acquired the plot at 1.2 million baht per square wah, KPN will progress The Envoy Sathorn on its plot, which is consisting of a 38-storey building and dimension of 192 units from 40 to 203 square meters, on average its worth will be 200,000 baht per sq m, also containing initial price of 7.9 million baht.

At the end of the year KPN will keep 30% targets as well as presales that will be near to overall auctions. Its Structure will initiate l in May 2014 and be finished at the end of 2016.From two projects in the region Ratchaprarop Road plus Ekamai Thong Lor , It predicts and  realize returns of about 3 billion baht in next year.

Managing director of property adviser CBRE Thailand, Aliwassa Pathnadabutr assumed that every year a  small number of units  are launched in the CBD in Bangkok, this form about 30,000 to 40,000 new units per year, from among them just 9,000 is in the CBD.


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