"Ocean Property" is moving forward to expand its empire, aggressively entering the real estate market in provincial cities, with a focus on Khon Kaen, investing 350 million baht to launch its first project, "Ocean Residence Mittraphap-Khon Kaen," a low-rise condominium located in the city center next to the light rail, equipped with comprehensive amenities to meet modern living needs, starting at a price of 1.09 million baht.

Dr. Theerachai Pipitsupaporn, Managing Director of Ocean Property Co., Ltd., a real estate development company under the "Ocean Group," revealed that the company is proceeding according to its 5-year operational plan from 2017 to 2021, focusing on investing in real estate in provincial cities that show positive signals from the government's mega-project initiatives, which are crucial factors driving growth in the real estate business and increasing demand for housing.

After the company expanded its project developments to Pattaya and Suphanburi, it has now extended its investment to Khon Kaen due to the overall business and economic outlook for real estate in the province, which is trending towards significant growth. This is supported by a growing economy and clear urban development initiatives aimed at becoming a smart city, including transportation developments such as smart buses, dual-track railways, and the light rail line from Thapra to Samran, valued at approximately 6 billion baht, as well as advancements in education and becoming a center for medical services, making Khon Kaen vibrant economically across all sectors.

"The company recognizes the importance of provincial cities that are economic hubs with growth potential. Khon Kaen is becoming a city to watch as it is set to be a model city moving towards becoming a smart city, utilizing digital systems and modern technology for comprehensive urban development," he added.

Given these business opportunities, Ocean Property Co., Ltd. has developed the "Ocean Residence Mittraphap-Khon Kaen" project, valued at 350 million baht, marking its first project in Khon Kaen in the form of a low-rise condominium located in a prime area on Mittraphap Road, adjacent to the light rail (scheduled to open in late 2019), providing convenient access to various locations and being close to important sites such as Khon Kaen University, the new Rajaphruek Hospital, Khon Kaen Airport, and Central Plaza Khon Kaen, with prices starting at 1.09 million baht.

Mr. Napong Priphanpachonpisut, Acting Assistant Managing Director of the Residential Business Group at Ocean Property Co., Ltd., stated, "The 'Ocean Residence Mittraphap-Khon Kaen' project is a modern-style condominium designed with a unique concept that blends local architectural elements with Thai home features, showcasing continuous growth through modern design. It offers comprehensive amenities that meet the needs of today's customers, targeting university personnel, medical staff, and students as our primary market segment."

The Ocean Residence Mittraphap-Khon Kaen project is an 8-story low-rise condominium with 223 units on a 2 rai 23 square wah plot, featuring one-bedroom units with usable areas ranging from 23.5 to 34.5 square meters, designed for functionality and comfort. It includes a clubhouse and amenities that cater to all lifestyles of residents, such as an Infinity Edge Pool for limitless enjoyment, a fitness center, and a co-working space that serves as both a creative workspace and a relaxation area. Additionally, there is a security system that meets standards, including CCTV, access control systems, and 24-hour security personnel. Construction is set to begin in the third quarter of 2017, with completion and occupancy expected around the fourth quarter of 2018.

"Furthermore, the company plans to develop projects in major provincial cities such as Phuket in the fourth quarter, preparing to launch two horizontal projects with a total project value of 1.3 billion baht," Dr. Theerachai concluded.

For more information about the Ocean Residence Mittraphap-Khon Kaen project and other projects by Ocean Property Co., Ltd., visit the website www.oceanproperty.co.th or call 02-038-5555. You can also follow updates on:

Facebook: https://www.facebook.com/OceanProperty/
Instagram: https://www.instagram.com/oceanproperty/

Line: @oceanproperty