There has been a lot of good news for The Residences at Mandarin Oriental, Bangkok recently. Not only are unit sales exceeding the estimates put in place by developer ICONSIAM Superlux Residence but the company also announced that the project has received EIA approval.
“The Residences at Mandarin Oriental, Bangkok offers buyers a unique lifestyle with the best of both worlds; the comforts of a private home combined with the unsurpassed amenities and legendary service of Mandarin Oriental,” Thanawan Chaiwatana, managing director of The ICONSIAM Superlux Residence, said in a press release. “With the achievement of EIA approval, our customers can be further assured of the exceptional quality of the development, our swift construction progress, and of future gains to the capital value of their investment.”
With units sales surpassing the 40 percent threshold in the first quarter of this year, it looks like the developer will easily best the 50 percent sales target it set for 2016. Interest for units is coming from both Thailand and abroad as buzz for the project continues to grow.
“We are delighted with the successful achievement of more than 40 percent unit sales so far, represented mainly by Thai customers,” Thanawan detailed. “This is in line with our early expectations of a 70-30 split between Thai and foreign buyers.”
Construction at The Residences at Mandarin Oriental, Bangkok is also on schedule and shows no signs of slowing down after gaining EIA approval. This, along with the project’s unique features including being connected to ICONSIAM, will help drive interest and sales with both investors and end users.
“Throughout 2016, we will focus our energy on marketing promotional activities in order to reach high-end property buyers in Thailand,” Thanawan concluded. “So far, we have enjoyed strong interest from both buyers in Thailand and from overseas markets. Investor demand for absolute top-end properties in Bangkok is still strong, and this is the finest example available on the market by a massive margin.”
