The super-luxury IconSiam development in Bangkok has revealed it will be home to Southeast Asia’s first Mandarin Oriental-branded residences, and with prices of up to THB 560,000 per sqm this is likely to be the most expensive new property to launch in the Thai capital so far.
Benefiting from a simultaneous launch in London, Hong Kong and Bangkok yesterday, The Residences at Mandarin Oriental, Bangkok will be 146 super-luxury freehold riverside residences situated diagonally across the Chao Phraya River from the legendary Mandarin Oriental, Bangkok hotel.
The 52-floor building is located on the 20-acre IconSiam site – a US$ 1.54 billion riverside national landmark project being developed by a joint-venture partnership between Magnolia Quality Development Corporation Limited, Siam Piwat and Charoen Pokphand Group. IconSiam will also include two retail complexes and a spectacular waterfront promenade.
The Mandarin Oriental, Bangkok will provide management services for The Residences, as well as bespoke amenities for individual residents.
Thippaporn Chearavanont Ahriyavraromp, Director of The IconSiam Superlux Residence Corporation, said, “The Residences at Mandarin Oriental, Bangkok are designed to the highest standards of luxury that, together with their enchanting location, make these residences among the best in the world, lifting the prestige of a Bangkok residential address to a new level.
“No expense is being spared. We are investing US$250 million and spending more than 30 percent more per saleable square metre than the best of any residential offering in the city.”
“Every residence has an unobstructed view of the river and lush gardens, and offers a feeling of being close to nature as well as a unique sense of Thai charm,” she added.
Richard Baker, Executive Vice President, Operations Director – Asia for Mandarin Oriental Hotel Group, said, “The legend that is the Mandarin Oriental can now become a personal legacy for the owners of residences in this extraordinary project that is set in one of Asia’s most exciting cities.
“Our brand promise includes an unrivalled commitment to providing the finest property management and hospitality services, which have made the Mandarin Oriental name synonymous with exceptional standards of luxury worldwide.”
Residences are priced from around US$ 10,000 per sqm (THB 350,000) and will range in size from approximately 130 sqm to 230 sqm. The penthouses begin at US$ 16,000 per sqm (THB 560,000) and range from 380 sqm to 710 sqm. This will possibly be the most expensive property to launch to date in Bangkok.
Residences are fully-fitted and owners have the option for complete interior decoration and furnishing by globally renowned interior designer Joyce Wang. The project is scheduled for completion by 2018.
