“Bangwa” is another location influenced by the extension of the electric train, especially the terminal station, Bangwa, which serves as a junction for the BTS Green Line extension (Taksin-Bangwa) and the MRT Blue Line (Bang Sue-Lak Si) set to open in 2019. This makes it a complete transit hub connecting all modes of transportation in Bangkok, including road, rail, and boat, facilitating convenient travel between cities.

As a result, the area around the Bangwa Interchange electric train extension is an attractive investment location influenced by the growth of the Central Business District (CBD) in Sathorn, Silom, and Rama 4, which is expected to create significant job opportunities in the near future due to mixed-use projects. This has led to a massive demand for housing, evident from the competition among real estate companies... Additionally, this area is home to the new project “Beat Bangwa Interchange” (BEAT BANGWA INTERCHANGE), the first condominium project by Northland Development Co., Ltd., a major real estate developer from Saraburi.

Mr. Nopadol Thamwiwat, Managing Director of Northland Development Co., Ltd. revealed that the project “Beat Bangwa Interchange” is the first residential development project that is a condominium and the second residential project of the company in Bangkok, following the development of the D8 “Luxury Vertical House” in the Ekkamai-Ramintra area, a joint venture with Deva Real Estate Co., Ltd. (of the group led by Mr. Lertmongkol Waravej) targeting high-end customers who want to live in the city not far from the CBD, offering more usable space than a typical condominium. It features unique design elements and is equipped with comprehensive personal amenities, including elevators, a swimming pool, and parking for 6 cars, with a usable area of over 700 square meters (sq.m.) accommodating large families of up to 3 generations, starting at over 30 million baht.

The “Beat Bangwa Interchange” project is developed under the concept of “Utilize Every Rhythm of Life That Is You”. It is a low-rise condominium with 8 floors across 2 buildings on over 2 rai of land, consisting of 402 residential units and 1 retail unit, with parking for 135 cars (not including stacked parking), accounting for approximately 39% of the parking area. Building A has 134 units with a maximum of 27 units per floor, while Building B has 268 units with a maximum of 35 units per floor. Construction is expected to begin in early 2019, with completion anticipated in 2020, supported by Krungsri Bank.

The project offers 3 types of units: 1-bedroom units ranging from 25.7-31.8 sq.m. with 323 units, 1-bedroom plus units ranging from 32.6-39.9 sq.m. with 39 units, and 2-bedroom units ranging from 45.9-51.1 sq.m. with 40 units, starting at 65,000 baht per sq.m. or a starting price of 1.59 million baht per unit, with a total project value of approximately 890 million baht.

Pre-Sale opens on November 17-18, 2018, at the project sales office, accessible via BTS Bangwa, Exit 4. For inquiries, please call 02-023-3488 or 063-217-6565 or visit www.beatcondo.com.

Confident in the strengths of “Location - Price - Product” to meet target customers' needs.

“We are confident in the potential of the location and the selling price, allowing target customers to access a complete range of functions both in the living space and from the common areas,” Mr. Nopadol stated, elaborating that the project’s location is strategically connected to the BTS Bangwa and MRT Bangwa stations, just 280 meters away, making travel easy and convenient both into and out of the city. The connection points for the green and blue electric train lines, as well as boat travel from the Phasi Charoen pier, link to major routes in Sathorn, Therd Thai, Wutthakat, Ratchaphruek, Icon Siam, Chom Thong, Kalapapruek, and Phetkasem, among others. It also facilitates a convenient lifestyle close to universities, hospitals, and shopping centers such as Siam University, British Columbia International School, Phyathai 3 Hospital, Seacon Bangkae, The Mall Bangkae, and various lifestyle centers on Ratchaphruek Road.

Regarding the “price,” starting at over 60,000 baht per sq.m., this is a price point accessible to most customers compared to other projects in the same area priced at 80,000 baht per sq.m., making the selling price of the “Beat Bangwa Interchange” condominium “worth it and value for money.” For instance, purchasing a 1-bedroom unit of 26 sq.m. at a price difference of 20,000 baht translates to a significant difference of 500,000 baht, which helps customers save at least 3,000 baht per month in mortgage payments, allowing them to allocate that amount for travel expenses.

As for the “product,” the design of the living spaces considers consumer behavior as a priority, offering value for the specifications of the rooms received. The units feature complete functionality, with over 2,000 sq.m. of common area, including a 20-meter swimming pool, jacuzzi, relaxation areas around the pool, lobby, co-working space, a rooftop garden on the 4th floor, fitness room, game and learning room, convenience store, shuttle service, CCTV, and 24-hour security systems.

With these strengths, the company is confident that the “Beat Bangwa Interchange” project will meet consumer demand, targeting working-age customers or those starting their lives, particularly Gen Y with middle to lower income levels, who are looking to buy their first home or a second residence close to work, primarily using the electric train for commuting.

Plans to increase capital to support new project launches and fundraising in the stock market.

It can be said that the “Beat Bangwa Interchange” is the first new condominium project of Northland Development Co., Ltd., a group from Saraburi with over 20 years of experience in developing horizontal housing under the Tara Fasai brand, having developed over 20 projects worth more than 5 billion baht. To support business growth and the expansion of new project launches, the managing director of Northland stated that the company plans to increase its registered capital from the current 50 million baht to 100 million baht in 2019 and to 200 million baht in 2020, in preparation for the initial public offering in the stock market, with Capital Link Advisory Co., Ltd. as the financial advisor.

For real estate investment development, in 2019, there are plans to develop 2 new projects in Saraburi, totaling 300 units, priced around 2-3 million baht, with a total project value of over 800 million baht. At the same time, there are plans to expand the investment locations for condominium projects in Bangkok by approximately 2 projects, with a total value of over 2 billion baht in the lower Sukhumvit area and along the yellow electric train line in the Ratchada-Ladprao area, aiming for a total project value of 2 billion baht in 2019 and expected to increase to 4 billion baht by 2025.

Thank you for the information from www.beatcondo.com.