Weekly Thai Real Estate News Roundup, Week 22, 2023
Proud Real Estate Acquires two Condo projects from NOBLE Development
Proud Real Estate, led by its managing director Mr. Pasu Liptapallop, recently completed the acquisition of NUE District R9 from Noble Development (NOBLE) and NUE Cross Khu Khot from TNL Alliance (TNL). The total investment for both projects amounted to 8,623 million baht. Keeping up with the real estate industry trends, major property developers are opting for shortcuts by acquiring other condo projects in hopes of cost effectiveness and time-saving for further development.
For More Information: https://www.thansettakij.com/real-estate/566561
LPN to integrate Solar Panels Across All Detached Housing and Townhouse Projects
LPN's Chairman and CEO, Mr. Opas Sriphayak, has expressed the company's commitment to reduce reliance on traditional electricity by implementing solar panels in both common areas and all housing projects, old and new. Alongside this renewable energy initiative, LPN has embraced the WELL Building Standard design to foster sustainable living environments that prioritize the physical and mental well-being of residents. This endeavor is guided by LPN's Green Design Concept Standard, which encompasses sustainable site development, water and energy efficiency, material and resource selection, and indoor environmental quality.
For More Information: https://www.thansettakij.com/business/566158
Country Group Development Launching International School & Condo Mixed-Use Project
Country Group Development (CGD), under the leadership of CEO Mr. Ben Taechaubol, has announced its ambitious plan to develop a new mixed-use project in the Rama 3 area. The project will feature an international school, named Rama III International School, which has already commenced construction. This international school will have six buildings and will be capable of accommodating approximately 1,700 students. The school is expected to open its doors in 2025. Additionally, the mixed-use project will also include a luxury condominium development, set to open in the final quarter of this year.
For More Information: https://www.thansettakij.com/real-estate/566496
MQDC's Cloud 11 Collaborates with Yotel to Introduce Thailand's First YOTEL Bangkok Hotel
MQDC's mixed-use development, Cloud 11, had partnered with renowned smart hotel brand YOTEL to introduce the first YOTEL Bangkok Hotel in Thailand. This innovative project, unveiled on May 28th, promises an unparalleled experience by combining contemporary design elements with cutting-edge technology. YOTEL's forward-thinking approach aims to provide a unique and convenient hotel stay tailored to the preferences of the modern generation. Strategically situated near the bustling center of Bangkok, the hotel offers excellent connectivity to various parts of the city through the efficient BTS sky train system. With a generous offering of 250 rooms, YOTEL Bangkok is scheduled to open its doors to guests in 2025.
For More Information: https://www.prachachat.net/property/news-1304478
The Top 10 International Customers Purchasing Thai condos
After a two-year hiatus caused by the impact of COVID-19, the Thai condominium market is experiencing a significant revival. According to the latest data from the Real Estate Information Center (REIC), the first quarter of 2023 has witnessed a notable resurgence of foreign buyers, driven by the recovery of the tourism industry. Among the top 10 international customers purchasing Thai condos are buyers from China, Russia, the United States, the United Kingdom, Germany, France, Taiwan, Myanmar, Australia, and Japan. This trend indicates a positive outlook for the Thai real estate market as it continues to attract diverse international customers.
For More Information: https://www.thansettakij.com/real-estate/565735
