ESTAR continues to expand in the Sukhumvit area, recently launching the QUINTARA ARTE SUKHUMVIT 52 project, a low-rise condominium valued at over 600 million baht. In just one month of sales, over 85% has already been sold.

            Dr. Torsak Lertsriskulrat, Managing Director of Eastern Star Real Estate Public Company Limited, revealed that the company has launched the QUINTARA ARTE SUKHUMVIT 52 project located in Sukhumvit Soi 52, just 390 meters from the On Nut BTS station. The project spans over 1 rai and consists of an 8-story residential building with fully furnished units, including 1-bedroom apartments ranging from 28.00 to 51.00 square meters and 2-bedroom units at 56.00 square meters. The average selling price is 125,000 baht per square meter, with a total of 154 units, bringing the project value to approximately 600 million baht. In June 2019, the company launched online booking and VIP Day sales, achieving over 80% sales. A presale event was held on July 20-21, 2019, at the sales office in Sukhumvit Soi 50, with Plus Property Co., Ltd. managing the sales. The starting price is 3.29 million baht, targeting working professionals aged 28-35 with monthly incomes of 40,000-70,000 baht.

            The QUINTARA ARTE SUKHUMVIT 52 building is designed in a U-shape, featuring a large central garden as its heart, surrounded by various common areas such as a lobby, co-working space, and fitness center, creating a spacious common area larger than similar projects by Eastern Star. This design promotes privacy, with no facing units and no shared walls with the elevator. Openings are provided for natural light and ventilation on every floor.

            The exterior design of the project follows a Modern Tropical style, emphasizing dark tones and wooden walls to create a natural, relaxing atmosphere for residents. It seamlessly integrates with a hidden Secret Garden on the second floor, giving the building a semi-resort feel that alleviates the stress of urban life and promotes relaxation upon returning home.

            Dr. Torsak further stated that the On Nut area is popular among both Thai and foreign buyers for purchasing condominiums for personal residence and investment for long-term rental returns. For the rental market, 1-bedroom units have rental rates ranging from 14,000 to 18,000 baht per month, while 2-bedroom units range from 25,000 to 36,000 baht per month, yielding returns of approximately 5-7%. The most common tenants are Japanese, Korean, and British nationals.

            "Currently, the On Nut area is a popular location for residential living, with many new condominiums and community malls emerging, creating a blend of old culture and modern trends. This area also serves as a hub connecting mass transit options, including the BTS and the second stage expressway, conveniently," Dr. Torsak concluded.

Thank you for the information from www.estarpcl.com