July 3, 2018 – TC Development Co., Ltd. has launched the "One9Five" project, a luxury condominium targeting high-end customers in the Asoke-Rama 9 area, or New CBD, on an 11-rai plot of land. The project features the concept of Urban Midtown Oasis, with the largest green space in the city center spanning over 8.6 rai, and a project value of 13 billion baht, with an average price of 160,000 baht per square meter. Units start at 3.69 million baht, with a sales target of 80% by the third quarter of this year.

          Mr. Kittisak Wongvisuth, Director of TC Development Co., Ltd., stated, "After TC Development set the direction for rebranding the company's image under the concept of Luxury Life Curator last year, we aimed to create an elevated lifestyle experience for our customers and target audience, focusing on high-end young professionals. We conducted R&D to understand the market with diverse target groups, both Thai and foreign, in the rapidly developing Asoke-Rama 9 area, or New CBD, considering lifestyle preferences and tastes. Therefore, we updated our brand image to be modern, infused with luxury and taste, while providing a luxurious experience for Thai customers at an accessible price, and we are committed to being top of mind in delivering this elevated experience to our clients."

          Mr. Varayu Lokwithee, Assistant Director of Marketing at TC Development Co., Ltd., discussed the official launch of the One9Five project, stating, "The One9Five project is a premium luxury project with a value of 13 billion baht, located in the potential area of Asoke-Rama 9, which is considered the New CBD and will be an important new business district in Bangkok. It is surrounded by major shopping centers such as Central Rama 9, Fortune Town, Esplanade Ratchada, The Nine Rama 9, as well as Rama 9 Hospital and Bangkok Hospital, large office buildings, embassies, the subway, and expressways, providing convenient access to Suvarnabhumi Airport. This makes the location a strategic area with high potential and value for both personal residence and investment, targeting both Thai and foreign customers, including those from China, Hong Kong, Singapore, and Taiwan. The company aims for 80% sales by the third quarter of this year."

          Mr. Varayu further added, "The One9Five project focuses on meeting the tastes of high-end Thai customers primarily, with designs and styles that are favored. We have engaged well-known design and decoration companies recognized by our target audience and with international experience, including PIA Interior for interior design, Leo International Design Group for common area and facility design, and Shma for landscape architecture, which is another selling point of the project."

          "The One9Five project is designed under the concept of 'Urban Midtown Oasis', featuring the largest green space in the city center at 8.6 rai, allowing residents to fully immerse themselves in nature. Additionally, One9Five stands out with its facilities, including a 100-meter infinity pool, a multipurpose fitness room for various activities, a jacuzzi, a spa, a library, a movie room, a game room, a yoga room, a golf simulator, a rooftop garden, a children's play area, and a social room on the 8th floor. The project will also include 28 retail shops, co-working spaces, electric vehicle charging stations, a self-wash car system, and special activity programs under the concept of being an Urban Oasis for residents, such as a Fruit Forest garden for residents interested in growing organic vegetables on a 1-rai area, and a Community Kitchen provided by the project for modern lifestyle activities."

          Ms. Pholida Prungawut, Assistant Sales Director at TC Development Co., Ltd., discussed the sales potential, stating, "In terms of investment returns, condos in the Asoke-Rama 9 area are highly profitable for rental due to the high occupancy rate and a diverse tenant base, including both Thai and expatriate foreigners. There are many leading shopping centers and office buildings with a total area of over 400,000 square meters, expected to house over 50,000 employees in the area. The average rental yield is quite high at 5% - 7%, compared to the average of 3%-5% in central Bangkok, making condos in this area attractive for investment and rental purposes."

          "Previously, TC Development held an exclusive VVIP presale event in February, achieving nearly 65% sales. We will host the first showcase event for customers to experience the elevated lifestyle closely again on July 7-8, with many special promotions and the opening of special unit bookings at this event, with a limited number of units available," Ms. Pholida added.

          The One9Five project is a condominium project on a 11-1-66 rai area, consisting of two 61-story towers: Tower A with 954 residential units and Tower B with 957 residential units. Construction began in April 2018 and is expected to be completed in the first quarter of 2021, with a total of four unit types: 1.) 1-bedroom units ranging from 25.5 to 41 sq.m., 2.) 2-bedroom units ranging from 55 to 68 sq.m., 3.) 3-bedroom units ranging from 94 to 109.5 sq.m., and 4.) penthouses ranging from 194 to 271 sq.m.

Thank you for the information from register.one9five.com