May 31, 2013 | Comments 1
Off the back of a three day roadshow in Dubai, PACE Development Company, the luxury developer behind Bangkok's landmark
MahaNakhon, Bangkok
MahaNakhon development, has announced sales exceeding THB420 million for 10 Ritz-Carlton branded residence units at the project.
More than 55 percent of the units at the THB19 billion mixed-use development, which is scheduled for completion in 2015, have
already sold and the figure has been significantly boosted by the April roadshow – the first of its kind to be conducted by a Bangkok-based developer.
"It was something that no one had done before. But we were confident that the trip would attract buyers because the Middle East is very familiar with the Ritz-Carlton brand and they know that it promises the highest specifications and quality, services and most importantly, first-class upkeep long after the residence is sold," PACE CEO Sorapoj Techakraisri said.
Of the 1o units residences sold, seven were larger two bedroom units, while three were three bedroom units, he added.
"Most of the buyers are expatriates interested in investing in Bangkok because of the excitement around the approaching ASEAN Economic Community," Sorapoj said. "They find it reassuring to invest… in an iconic building in an excellent location which will become Bangkok's tallest landmark."
The majority of the Middle Eastern buyers are familiar with the Thai capital's new rail transportation infrastructure plans, which helped to boost demand.
"The construction of the seven storey CUBE Lifestyle and Retail Center, which is also at the MahaNakhon, has topped off and we will be ready to open it at the end of this year. The CUBE includes some of the most premium names in dining and entertainment, including Vogue Club, Dean DeLuca's flagship outlet, as well as L'Atelier de Joel Robuchon, among others"
Filed Under: News • News by Country • Thailand
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