Property developer Ananda has underlined its confidence in the sub THB 1 million condominium market in Bangkok with the sell-out of three of six buildings in what it describes as its “super value” Unio project.
The company said it is confident that demand below THB 1 million is still growing, and it is ready to focus on developing projects matching these requirements. By next year the company will launch another four projects that it expects will receive an equally good response from buyers.
Chanond Ruangkritya, President and Chief Executive Officer of the Stock Exchange-listed Ananda Development, said the overall market of condominium priced less than THB 1 million baht per unit can respond to customers who are buying homes at affordable prices, and are also located convenient residential areas.
“This big market segment is targeted at working people who are seeking their first house, and Ananda can find growth in this segment.
“From a very good response of Unio condominiums, which have sold-out three buildings within one quarter with total sales of more than THB 900 million, these units can meet the needs of young people at present.
“Such sales are coming from real demand – buyers who have passed pre-approval before entering contracts which can reduce the problem of being denied credit from financial institutions.
“It is also assured that Unio condominiums are a new, good choice for the young generation of customers who are looking for housing in favourite areaa and with affordable prices.”
Unio condominium is an eight-storey low-rise development with 1,932 units and a total project value of THB 2.096 billion.
Prices start from THB 999,900.
The project is located in Soi Charan 3, 900 meters from MRT Thaphra Sstation which will be an interchange between the Bang Sue – Thaphra and Hualampong – Bang Kae.
Buyers can pay THB 3,999 in monthly installment. The project has successfully passed its EIA and it is expected to be transferred in March 2017.
