Rebecca Foster | Feb 08, 2013 | Comments 0
Executives at PACE celebrate record sales at MahaNakhon development
PACE Development Corporation Plc. recently announced that they have sold more than THB836 million (US$28 million) worth of its luxury Ritz-Carlton branded residences at the MahaNakhon development in Bangkok.
A penthouse unit at the development measuring 1,500 square metres in size has been sold for THB480 million (US$16.1 million). This transaction marks the single largest and highest price condominium ever purchased in Thailand.
The development comprises 194 units in total, ranging from 120 sqm to 850 sqm in size.
The MahaNakhon will feature a three-dimensional ribbon of architectural "pixels" circling the building's full height, as well as glass skyboxes with indoor and outdoor space comprising plunge pools and terraces.
Design inspirations for the project have been drawn from the David Collins Studio.
Upon completion, the MahaNakhon development is set to become Bangkok's tallest building, at a projected height of 314 metres. The mixed-use development has been designed to complement Bangkok's existing skyline and give the city an iconic architectural landmark.
PACE's financial partner, Industrial Buildings Corporation (IBC) manages assets worth over US$3 billion throughout Europe.
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Filed Under: News • News by Country • Thailand
Article source: http://www.thethailandlinks.com/2013/02/11/pace-reveals-record-sales-for-mahanakhon-development/
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