Thailand property developer Grand Asset launched its latest project last week – Hyde Sukhumvit 11 – lwith the concept “life will never be the same again.”
The developer said it is targeting its latest development at home buyers of the new generation who put a great emphasis on convenient living with style. The project design has already collected the accolade of Best Interior Design at the Asia-Pacific Property Awards 2015/2016.
Wittawat Wipakul, Vice President, Grande Asset Hotel and Property , said: “The project prices from THB5 million, or THB185,000 per sqm, and has also obtained an EIA approval.
“We expect Hyde Sukhumvit 11 to be well- received by both local and foreign buyers, and we enjoyed a highly successful pre-sales event where 40 percent of the total units were booked.
“We also believe this is the right time to launch our new project. Increased political stability has allowed condominium buyer confidence to resume and dormant demand to be unleashed,” added Wittawat.
Hyde Sukhumvit 11, with its 479 units, is the latest addition to Grande Asset’s portfolio of condominium developments located in Bangkok’s prime locations. It followed the success of Hyde Sukhumvit 13 whose buyers have enjoyed a strong increase in the capital values of the units they purchased.
“From the pre-sale price of THB145,000 per sqm in 2012, units at Hyde Sukhumvit 13 are now sold at THB186,000 per sqme – a 22 percent increase,” Wittawat said.
Units types at Hyde Sukhumvit 11 range from studios of 27 sqm up to duplex penthouses of 160 sqm.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
