Major Development is preparing to transfer the giant condominium project “M Jatujak” with 864 units, valued at over 4 billion baht, in Q3 of 2018. The project has received a positive response, with current sales reaching 80%. The company is pleased to have fully closed the quota for foreign customers, generating nearly 2 billion baht in foreign sales, with Hong Kong customers leading the purchases, followed by Singapore and Malaysia. The project is highlighted as a great investment opportunity with good rental returns, conveniently located near BTS Mo Chit and Saphan Khwai, as well as MRT Jatujak and Kamphaeng Phet, just 5 minutes away. The Jatujak area has become hot, with land prices soaring nearly 40% over the past three years. In 2018, land prices jumped to 650,000 baht per square wah, up from 550,000 baht per square wah in 2017, an increase of nearly 20%. This surge is supported by the ongoing construction of the Green Line extension from Mo Chit to Saphan Mai-Khukhot. By the end of 2018, M Jatujak is expected to transfer over 70%, and the company is confident that this year’s sales will meet the target of 30 billion baht.

          Ms. Phetlada Poovoralak, Executive Director of Major Development Public Company Limited revealed that the company is preparing to deliver the fully furnished condominium project “M Jatujak” with 864 units, valued at over 4 billion baht, for customers to move in starting August 2018. This project marks the fourth condominium delivery this year, following a series of successful transfers since the beginning of the year, with good transfer rates. Previous projects delivered include Maestro 01 Sathorn-Yen Akat, Maestro 14 Siam-Ratchathewi, and Maestro 03 Ratchada-Rama 9.

          “M Jatujak has received excellent feedback from customers since its launch, with current sales reaching 80%. The project has attracted both Thai and foreign customers, with the majority of Thai buyers being employees from leading organizations working nearby, purchasing for personal residence, including employees from PTT and SCG, as well as self-employed customers. Meanwhile, foreign customers have fully closed the 49% quota, generating nearly 2 billion baht in foreign sales, with the top three foreign customer groups being from Hong Kong, Singapore, and Malaysia. Foreign buyers continue to favor purchasing condos for investment, perceiving that investing in Thailand's real estate market has lower costs while offering rental returns of 5-7%, which is higher than in other countries where property prices are 2-4 times higher than in Thailand. Jatujak is particularly suitable for investment as a New CBD, a new economic center with significant growth potential, being part of the future expansion of the metropolitan subway. It is expected to continue growing, with land prices in Jatujak soaring nearly 40% over the past three years. In 2018, land prices reached 650,000 baht per square wah, up from 550,000 baht per square wah in 2017, an increase of nearly 20%. The key factor driving the rise in housing prices in this area is the ongoing construction of the Green Line extension from Mo Chit to Saphan Mai-Khukhot,” Ms. Phetlada stated.

          Regarding the delivery of the M Jatujak project, Ms. Phetlada continued, “By the end of this year, the project is expected to transfer up to 70%, equating to sales of 2.5 billion baht, and we are confident that this year’s sales will meet the target of 30 billion baht. M Jatujak has been delivered to customers, fully completed and ready for occupancy, meeting high-quality standards on schedule, ensuring customers receive a project that meets the highest standards. This commitment has built trust and confidence in the Major Development brand, leading to continuous and sustainable brand strength through word-of-mouth among other customer groups.”

          M Jatujak is the first fully furnished condominium in Thailand featuring a sports arena, including a street basketball court, futsal field, and badminton court. Conveniently located near BTS Mo Chit and Saphan Khwai, as well as MRT Jatujak and Kamphaeng Phet, just 5 minutes away, it sits on a 4-rai plot on Phahonyothin Soi 18, comprising two buildings: Building A with 32 floors and Building B with 34 floors, totaling 864 units. The design is based on the concept of living close to nature, styled as ‘The Urban Forest’, resembling living in a large forest with lush greenery covering over 1 rai, along with over 60 communal facilities, such as a large massage pool with a 180-degree view, yoga rooms, pole dance areas, party spaces, barbecue zones, and a pet zone. The furniture is multifunctional, allowing for flexible use of space, with 6 room types available: 1-bedroom suites, 1-bedroom, 2-bedroom, 3-bedroom, 1-bedroom duplex, and 2-bedroom duplex, with usable areas ranging from 28 to 118 square meters, including free appliances and multifunctional furniture in every unit, with prices starting at 4.5 million baht.

Thank you for the information from www.mde.co.th