The Estates to launch in Bangkok

By Andrew Batt:Presales will begin next week (May 19-20) at The Estates @ Thapra (pictured), a new eight-storey low-rise condominium development in Bangkok.

The 185-unit project is located on the Thonburi side of the city and is close to a planned MRT station on Charansanitwong Road. Prices, which will start from THB1.29 million (S$51,800) or THB57,000 (S$2,288) per sq m, include furnishings, air conditioners, a kitchen set and Wi-Fi. The project also includes a fitness centre, roof garden and a swimming pool.

Sumrith Thanakarnjanasuth, Chief Executive Officer of developer The Estate Co. Ltd, said: "I am totally confident with this low-rise project since it only has eight storeys and 185 units. It is highly suitable for modern living dwellers whom need privacy and comfort. Given its location in Thapra, it can be easily and quickly commuted to Bangkok's downtown and business districts."

The Thapra area of Bangkok has witnessed an influx of developers in the past three years, especially in the THB2 million to THB3 million (S$80,200 to S$120,400) price range.

Andrew Batt, Regional Group Editor of PropertyGuru, said: "Thapra was overlooked for many years because of its location on the 'other side' of the Chao Phraya river from the city, however that's changed and it's arguably one of the hottest parts of the city at the moment. Planned extensions of the mass transit routes can only add to its popularity, although the area is still very much off-the-radar for overseas buyers."

The Estates is a joint development between food and garment venture capitalists, whose previous property developments include The Colory Vivdi in the Huay Kwang area of Bangkok, and a premium detached housing project at Sriracha in Chonburi province.

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