In-Depth Look at the Value of Banyan Tree Residences: Ultimate Luxury Freehold Condos by the Chao Phraya River

 

            Regardless of the era, the riverside location along the Chao Phraya River remains a coveted area. In the past 4-5 years, the role of this riverside location has evolved beyond just a tourist spot and is now being recognized as a high-potential area.

Charoen Nakhon: The Upcoming Landmark

Especially the Charoen Nakhon area, which is set to become a new landmark in Bangkok due to the emergence of numerous new projects, including national mixed-use developments, government mega-projects, and high-end residences. Coupled with the potential and charm of the surrounding Charoen Krung area, which boasts various transportation options such as road, boat, and rail, these factors further enhance the perception of Charoen Krung as a high-potential area suitable for luxury living with a unique character. By the end of 2018, we will witness a significant phenomenon along the Chao Phraya River as several projects open simultaneously.

Given these positive factors, it is no surprise that the prices of riverside condominiums have seen significant growth, reaching around 400,000 THB per square meter, comparable to luxury condominiums in the new CBD of Bangkok. This situation has led many condos in the area to become leasehold, with some units not offering full river views due to various limitations.

Thus, finding a riverside condominium along the Chao Phraya River that meets the luxurious lifestyle needs of affluent buyers while also being a perfect freehold ownership for asset value or inheritance has become increasingly challenging. Developers looking to fill this gap must not only understand the demand of this buyer segment but also possess expertise in developing luxury residences.

Banyan Tree Residences: Freehold with Panoramic River Views in Every Unit

Banyan Tree Residences Riverside Bangkok is one of the Ultimate Luxury condominiums worth watching. Not only is it located on the riverside of the Chao Phraya River in the Charoen Nakhon area, but it also offers panoramic river views from every unit, with service standards comparable to a five-star hotel. Additionally, it is available as freehold and is only 16 meters from the river.

Five-Star Living Standard Riverside Condos

The appeal of Banyan Tree Residences lies in the collaboration of experts between Nirvana Daii, a quality real estate developer from the Singha Estate group, and Banyan Tree Group, a world-renowned luxury hotel chain, along with SCDA Architects as design consultants and Bvik-Thailand, a top-tier construction company. This collaboration aims to create a living environment amidst beautiful scenery under the concept of The Sanctuary for your Soul, with a total project value of over 6.5 billion THB, making it the most premium project Nirvana Daii has ever developed, with an average selling price exceeding 320,000 THB/sqm.

            With the involvement of the world-class Banyan Tree Group in creating this condominium, it guarantees a living standard with services comparable to those in a five-star hotel. This represents a new model of Ultimate Luxury condominium development, including services such as guest care, personal assistant services for various needs, activity bookings, spa services, and mail and package management for residents. Particularly, the unique services exclusive to Banyan Tree include membership in The Sanctuary Club, which provides benefits from the brand's global network, offering discounts of up to 30% at Banyan Tree, Angsana, Cassia, and Laguna, as well as membership in the Banyan Tree Private Collection for benefits at locations in Japan, Morocco, Scotland, London, Bali, and Costa Rica.

            This is essentially bringing five-star hotel services into condominium living, making Banyan Tree Residences stand out from other condominium projects. Moreover, the Banyan Tree Residences project is intentionally constructed before sales began, with construction starting in late 2016 and expected to be completed by the end of 2018.

Combining the Ultimate Luxury Quality

            To create a living style befitting Ultimate Luxury by the river, Banyan Tree Residences presents three rare qualities that are hard to find in other projects:

Tranquility: Despite being located amidst the tranquility of an ancient community, part of the Old City District and the most important Central Business District in Bangkok, such as Sathorn, it is easy to escape the chaos, offering maximum privacy with only 133 units on over 5 rai of land, with a maximum of only 4 units per floor and a private lift lobby leading directly to the exclusive units.

Rarity: Every unit offers stunning views of Thailand's main river, eliminating the need for buyers to waste time choosing. This rarity is because Banyan Tree Residences is a 45-story condominium designed with a single-loaded corridor, ensuring every unit has a panoramic river view, only 16 meters from the Chao Phraya River.

Impeccable Quality: With Banyan Tree's high standards, in collaboration with design consultants SCDA, top-tier construction company Bvik-Thailand, and leading furniture brand Poliform, Banyan Tree Residences represents the best selection of quality, bringing together unparalleled excellence in one place.

Super Premium Facilities

In addition to the building and unit design, another essential aspect is the common areas. Following the concept of The Sanctuary for your Soul, the Banyan Tree Residences project emphasizes providing residents with true relaxation, with all common facilities designed to offer panoramic river views from every angle. The common area spans 6,000 sqm, accounting for 59% of the building area, with parking available for up to 200% of the number of units.

Equipped with super premium facilities such as three residence lobbies, two panoramic view swimming pools, a riverfront jacuzzi pool with panoramic views of the Chao Phraya River bend, and a riverfront private dining room offering private chef table services from a five-star hotel, along with a Sanctuary Spa where residents can request therapists from Banyan Tree to provide services on-site. Additionally, access is convenient with the project's private floating jetty and shuttle boat service.

            This condominium project meets every dimension of luxury living, especially with the ability to enjoy river views from any corner of the project. The opportunity to own a freehold property that can be retained as a long-term asset or passed down as an inheritance is another rare item worth owning. The project is set to be completed in November 2018, allowing interested parties to experience the real thing rather than just imagining it from paper, ensuring confidence in their selection and decision-making based on the actual location. The project will host an Open House event and showcase the first sample units at the Sales Gallery on November 17-18, with special prices starting at 27.9 million THB.

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