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Luxury condos change the face of Sathorn Road in Bangkok

The Thaiger & The Nation

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Luxury condos change the face of Sathorn Road in Bangkok | The Thaiger

by Somluck Srimalee, The Nation

From Sathorn junction to Taksin Bridge, the riverside section of Sathorn Road has been transformed from a strip of shophouses to luxury residential condos in a gentrification that added 8,000 new apartments to the area. As well, the businesses have shifted to a more modern trade to replace the traditional trades.

With the market trend, listed and non-listed property firms are parading to launch their new condominium projects in Sathorn district, the central business district of Bangkok. Launches totalling more than 31 billion baht have been made from mid-2018 through the first half of this year, according to the recent Nation survey.

Supalai Icon Sathorn, worth 20 billion baht, is the latest project launched to market by Supalai. It is priced at 175,000 baht per square metre with a starting price of 8.2 million baht per unit.

Supalai’s CEO Prateep Tangmatitham said the mixed-use project would feature residential along with offices, shops and complete facilities on a 12,600 sqm plot, 56 floors high. The combined total of 780 residential will offer a functional area of approximately 150,000 sqm.

Meanwhile, other property firms are also launching their condo projects on Sathorn Road.

To find all the latest Bangkok condos for sale, and compare prices, go HERE.

For example, in the middle of last year Pruksa Real Estate introduced the Reserve Sathorn worth 2.59 billion baht – it has already sold out. The project offered a 280,000 baht per sqm starting price, or 13 million baht per unit. The project will be completed and transferred to customers in 2022.

Sathaporn Estate last September introduced its 1.3-billion baht Shade Sathorn condominium project at a 135,000 baht per sqm price, or 3.69 million baht per unit. The project is to be completed and transferred to its customers in 2021 or 2022.

The latest condo project is the 3.4 billion baht Anil Sathorn by Grand Unity Development. It goes for 260,000 baht per sqm, or a starting price of 11 million baht per unit.

From 2003 through 2018, a total of 8,002 condominium unite, valued at over 40 billion baht, were launched for sale on Sathorn Road. Up to 95% were successfully sold, according to research by property agency Colliers International Thailand.

Their research also found an average condominium price on Sathorn was at 250,000 baht per sqm.

Luxury condos change the face of Sathorn Road in Bangkok | News by The Thaiger

Most property firms that launched sales for over 40 billion baht worth of condos on Sathorn Road in 2018 through the first half of this year have successfully sold out, Colliers local research director Pattarachai Taweewong said.

For example, Reserve Sathorn launched mid-year and has managed to already sell out. Reflecting the demand, condominium prices also increased from the pre-booking 280,000- 300,000 baht per sqm.

Sansiri in 2017 launched the Line Sathorn worth 4 billion baht. The project combines 327 units at Bt270,000 per sqm and a starting price of 7.9 baht million. The project sold out within a day of opening up to booking. Those units now enjoy an average resale price of 285,000 baht per sqm.

Raimon Land last October introduced its 4.2 billion baht Tait 12 project on Sathorn Soi 12. At 264,000 baht per sqm, it offers a starting price 7.6 million baht per unit, and reached sales of 70% for the sales launched.

Sathorn Road is a prime location for residential property, says Pruksa Real Estate’s chief executive director of premium units. Prasert Taedullayasatit pointed to the locations many lifestyle-oriented facilities, including a hospital, university, primary school, secondary school and shopping centre.

The location also boasts both MRT and BTS transit lines, giving an added boost to demand for residential projects in the area. Meanwhile, the area’s limited availability of land for building residential drives up the price of land there, he said.

For 2018, land price around Sathorn Road were recorded at an average 2 million baht per square wah. Already, the price has jumped 10 per cent, while demand for residential in the location enjoys continuing strong growth, he said.

SOURCE: The Nation

Luxury condos change the face of Sathorn Road in Bangkok | News by The Thaiger

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Bangkok

Royal Barge Procession on Bangkok’s Chao Phraya postponed to December 12

The Thaiger

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Royal Barge Procession on Bangkok’s Chao Phraya postponed to December 12 | The Thaiger

PHOTOS: AFP

His Majesty the King has ordered the Royal Barge Procession to be postponed to December 12, originally scheduled for October 24, as recommended by the organising committee chaired by PM Prayut Chan-o-cha. Deputy PM Wissanu Krea-ngarm told Parliament yesterday about the official postponement.

After ten rehearsals and one dress rehearsal, he said the organising committee agreed that, if the procession were to proceed on October 24, the water conditions in the Chao Phraya River, currents and weather conditions would not be optimal. The committee then reported its concerns to HM the King, who subsequently agreed that the event be postponed until December 12, the beginning of the winter in Bangkok and the most settled weather of the year, according to Thai PBS World.

The committee will meet again on October 21 and a formal announcement will be made about the new schedule, said Wissanu, adding that December would be perfect timing for the event as there will be little chance of rain.

The Royal Barge Procession is the official finale of the King’s Coronation ceremony held in May this year. Their Majesties the King and Queen will ride on one of the 52 barges in the procession.

SOURCE: Thai PBS World

Here’s an example of what it will look like…

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Bangkok

BTS thief and credit card skimmers arrested in Bangkok

May Taylor

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BTS thief and credit card skimmers arrested in Bangkok | The Thaiger

Tourist police in Bangkok have arrested a thief accused of pick-pocketing tourists on the city’s BTS Skytrain, along with an Indonesian couple charged with credit card fraud and card skimming.

Kasem Masan Jantaro, a 44 year old food vendor in the Huay Kwang market, says he started pick-pocketing when business became too slow for him to adequately support his family. The Skytrain security team alerted the police after several reports of tourists being pick-pocketed on the trains. Victims described the thief as middle-aged, with pale skin.

Kasem was arrested while trying to flee the scene at the Asok BTS station on Wednesday and was found to have 4,600 baht in cash and four stolen credit cards in his possession. Thai Residents reports that Kasem was previously prosecuted for drugs offences in 2015 and for robbery in 2016.

In a separate arrest, Bangkok police detained 32 year old Alexander Eddilias and 33 year old Estie Rusdiana, an Indonesian couple charged with being in possession of fake credit cards, stolen credit cards, and skimming devices used to steal credit card information.

The arrest comes after several banks notified police of transactions made using fake cards and the couple were tracked to a room in the Pratunam area of Bangkok. Officers also seized a computer, a skimming device, twenty two fake credit cards, two stolen credit cards, and twenty four credit card receipts.

The suspects say they bought the information on the Dark Web. The information was then recorded in the magnetic strip of the fake cards, which were used to make purchases worth approximately 2 million baht.

SOURCE: Thai Residents

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ASEAN

Bangkok and Nonthaburi to get 2 extra holidays during ASEAN summit

May Taylor

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Bangkok and Nonthaburi to get 2 extra holidays during ASEAN summit | The Thaiger

November 4 and 5 have been approved as official holidays for Bangkok and Nonthaburi as a result of the 35th Asean Summit and Related Summits being held at Impact Arena Muang Thong Thani in Bangkok.

Deputy government spokeswoman Traisulee Traisoranakul confirmed yesterday that the measure was being taken in an effort to alleviate traffic problems in both areas during the summit, adding that other state enterprises and the Bank of Thailand could implement the holidays for their subsidiaries at their own discretion and on a case-by-case basis.

“Government agencies in Bangkok and Nonthaburi will stop working on these dates. Meanwhile, state enterprises and the Bank of Thailand will consider announcing November 4 and 5 as holidays for their subsidiaries on case-by-case basis.”

“However, government agencies which have a necessity to provide urgent or previously scheduled services to their clients that cannot be postponed may stay open on November 4 and 5, depending on the decision by the heads of these departments.”

Some other public or regional holidays coming up…

Bangkok and Nonthaburi to get 2 extra holidays during ASEAN summit | News by The Thaiger

SOURCE: The Nation

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