Luxury residential projects in prime locations in the heart of Bangkok have been touted by many observers as the sector that will substantial activity this year.
Developer Navarang Asset Company has transformed a land in a prime spot downtown into its new project, Na Vara Residence, a freehold condominium located in what CBRE, the sales agent, described as a coveted location.
Situated close to Mater Dei School and Chidlom BTS station, the location is connected to Sukhumvit, Wireless, Sathon and Rama 4 Roads.
The low-rise building is developed under a “timeless” concept, using timeless architectural elements and contemporary luxury. The rooms have been designed with function and size in mind, starting from 38 sqm, available as one and two-bedrooms and duplex units which come with 102 sqm of functional space.
Only 97 units are available a Na Vara Residence, with reservations starting on March 5. A special price of THB 230,000 baht per sqm with complimentary premium furniture will be on offer.
Apipu Phromyothi, the Managing Director of Navarang Asset Company, said Na Vara Residence is his company’s first residential development project. The 1.7 rai land size in a premium location on Langsuan Road will be developed into an 8-storey low-rise condominium. The project is worth THB 1.2 billion baht.
“We target high-end customers who have high purchasing power, so we focus on quality in every detail, from architectural design to landscape, from unit design to materials. This is to truly address the lifestyle needs of our customers, and to ensure that every square metre is put to good use.
“Na Vara Residence is a great investment, whether for residential or investment purpose. In addition to the prime location, it is also a freehold project which is hard to come by on Langsuan Road,” added Apipu.
Aliwassa Pathnadabutr, Managing Director of real estate firm CBRE Thailand said that as Na Vara Residence’s marketing consultant and sales agent: “From my experience as an agent for luxury and super-luxury residences, Na Vara Residence is a project that addresses the needs of its target customer in every way.
“The location is among the best in the city, since it is near the BTS and leading schools. Langsuan is also conveniently connected to other business districts in Bangkok.”
Langsuan is home to some of the most expensive land prices in Bangkok. According to Department of Treasury as of 2016, the average price of land on Langsuan Road was THB 500,000 per square wah. Land plots closer to Sukhumvit and Chidlom BTS station are more expensive however, in general, real prices of the land in this area can reach THB 1million to THB 1.5 million per square wah, and it is very rare to have a chance to buy.
Thus, Na Vara Residence will be wanted by investors and those seeking a high-quality home.
Speaking of quality, as a creative, determined and passionate businessman, Apipu ensures that everything in the project meet international standards, from the materials used to the furniture.
“I would like to stress once again about the location. This project is very close to Chidlom and Ploenchit. You can walk to Chidlom BTS station. We are also located across Mater Dei School, and near leading shopping malls and other attractions in Bangkok.
“It can be said that Na Vara Residence is a new addition in the luxury condominium market this year which CBRE is very confident in. We are sure that it is wanted by those looking for a home and a long-term investment,” concluded Aliwassa.
Na Vara Residence is managed by Navarang Asset Company Limited. Pre-sales start on March 5, 2016 between 9am-5pm at Siam Kempinski Hotel for one day only.
www.cbre.co.th or +66 (0) 99-952-6661.
