Webinar Registration
Join our weekly webinar for smarter investing in Thai real estate.
Your search results

Developer News

Luxury At Its Finest In Bangkok

Developer Magnolia Very Best Corporation recently launched its brand new luxury project condominium Magnolias Ratchadamri Boulevard.

blog3

Located on Ratchadamri Roadway, where plenty of luxury hotels and houses stand, the project condominium will also include outstanding functions such as a 5* hotel, the Waldorf Astoria Bangkok and an unique shopping mall.

Offering 316 units ranging from one bedroom to penthouse units, the project aims at redefining a unique architectural design for Bangkok real estate as the developer’s goal is to set up a new benchmark for luxury property investment.

Thanawan Chaiwatana, managing director of Magnolia Finest Corporation, said, “ We anticipate the home value of Magnolias Ratchadamri Boulevard to increase by 6 % in the first 5 years which partially is premised on positive feedback we received from the target customers throughout the pre-sales period.”

The developer is expecting to meet buyers from abroad, and especially wealthy investors from Hong Kong, Singapore or Malaysia. However, and as of now, only Thai independent investors have shown interest towards the Bangkok property by purchasing a second home to live in as well as a physical asset from a financial perspective.

The unique and specific design of the Magnolias project simply comes from the idea of reproducing a Magnolia flower. It implies to symbolize “an individual connection between its citizens and the heart of Bangkok”, according to the developer. Moreover, the Bangkok condo’s design has also been created, as a commitment from Magnolia Finest Corporation, to adhere to the Thai 2009 Green Building Code and the Management in Energy and Environmental Design (LEED) accreditation of the US Environment-friendly Building Council.

“The objective is to boost residential living. The design option is the outcome of the integration of property design and material selection,” stated design director Surawat Hant.

Magnolias is worth about THB6 billion and will reach completion in mid-2015. The condominium includes 88 one-bedroom units, 220 two-bedroom units, 2 penthouses (290-300sqm) and 6 duplex penthouses (250-360sqm). The building does not provide buyers with full ownership since all units have a leasehold contract of 30 years.