Alternative Asset announced that it intends to enter the Thailand property market by launching its first condominium project called Altitude Samyan-Silom, the company revealed in a press release. The low-rise development is being built under the concept of “the best design balance for the city condominium” and Alternative Asset hopes to serve the growing demand for units in the heart of Bangkok.
Dr Vanida Bordinpakul, chief executive officer of Alternative Asset explained that Bangkok’s condominium market in the CBD remains attractive with potential to grow. The city’s economic situation is also improving, especially in the prime business locations such as Samyan and Silom. Since these sites are conveniently situated near Bangkok’s transportation network and close to major businesses, it is unlikely that demand will decrease in the area.
Altitude Samyan-Silom is valued at THB510 million. The project is situated in the center of the Samyan-Silom area and is within walking distance to both the BTS and MRT while the nearest expressway entrance is a short drive away. A number of key places of note including Satit Chulalongkorn Demonstration School and Lumpini Park are also close by.
The development is situated on a 285 sq. wah plot of land and will feature eight-stories and 97 units when finished. One bedroom units start at THB4.3 million while two bedrooms are priced at THB6 million. The property boasts parking space for 43 cars and bicycles.
The interior design is inspired by nature, wood in particular. Units will be adorned with wood to create a natural look allowing customers to enjoy a sense of warmth not found at other places. Other key features include American Standard-equipped bathrooms and Siemen electricity systems. A saltwater swimming pool, a Jacuzzi, a library, a fitness centre and a sauna are just a few of the common area facilities that will be found at Altitude Samyan-Silom upon completion.
