Habitat Group has teamed up with List Group to officially unveil two new luxury low-rise condominium projects, "Walden Thonglor 8" and "Walden Thonglor 13." The rental rates in the Thonglor area are among the highest in Bangkok, reaching up to 1,000 Baht per square meter. The projects aim to attract tenants who are working professionals and Japanese businesspeople, with the management expertise provided by JRE Development, a Japanese residential management specialist.

Habitat Group, a leader in premium real estate development for investment in Thailand, and List Group, a real estate expert from Japan, reaffirm their confidence in the potential of the Thonglor area by officially launching these two luxury low-rise condominium projects valued at over 2.8 billion Baht. The projects, Walden Thonglor 8 and Walden Thonglor 13, will be managed by JRE Development, a subsidiary of JALUX Inc. from Japan, aiming to attract the growing Japanese resident market in Thonglor.

Mr. Chaninthorn Wanichwong, CEO of Habitat Group, stated, "The projects Walden Thonglor 8 and Walden Thonglor 13 are set to provide an exceptional experience for investors and those seeking residences in Thonglor. We have invested in developing both projects to a high standard while remaining competitively priced in the market, along with award-winning designs from the Walden brand."

"Thonglor is a rapidly growing area that attracts investors and has significant potential for rental growth, especially among Japanese expatriates. Thonglor boasts the highest rental rates in Bangkok, exceeding 1,000 Baht per square meter, and offers an average return of over 6% per year. The area is surrounded by Grade A office buildings and comprehensive lifestyle amenities, including shopping centers, restaurants, educational institutions, and healthcare services. However, there is currently a lack of residential projects that meet the needs of investors. With over 7 years of experience in developing investment properties, Habitat Group has a competitive advantage in the Walden Thonglor 8 and Walden Thonglor 13 projects," he added.

Both projects are a joint venture with List Group, which brings international marketing expertise through its network with List Sotheby’s International Realty.

Mr. Yasushi Yamada, Operations Director of List Holdings Singapore, and Operations Director of List Sotheby’s International Realty Thailand, added, "The projects Walden Thonglor 8 and Walden Thonglor 13 are the first two projects we have developed in Thailand. We are very excited to collaborate with a leading real estate developer like Habitat Group. We bring over 30 years of experience in real estate representation, project development, and property management in Japan, along with a vast international marketing network from List Sotheby’s International Realty. We see that the luxury condominium market in Thailand remains strong and promising, and we expect significant interest from foreign buyers looking to invest in these two projects, particularly from Japan, Hong Kong, and Singapore. The projects are located in prime areas, are of high quality, and are managed by experts from JRE Development, which will instill confidence in investors," he said.

The Walden Thonglor 8 project is an 8-story luxury low-rise condominium with 117 units located just 100 meters from the main road in Soi Thonglor 8. It offers four types of units: One Bedroom (32.5 square meters), One Bedroom Plus (42-46 square meters), Two Bedroom (49-55 square meters), and Two Bedroom Deluxe (61-71 square meters), with prices starting at 7.9 million Baht.

The Walden Thonglor 13 project is also an 8-story luxury low-rise condominium with 122 units, offering One Bedroom and One Bedroom Plus (35-46 square meters) and Two Bedroom (55-66 square meters) units, with prices starting at 6.9 million Baht.

Both projects are expected to begin construction in the first quarter of 2020 and be completed by the first quarter of 2022.

JRE Development, a subsidiary of JALUX, will manage the Walden Thonglor 8 and Walden Thonglor 13 projects. Established in 1962, JALUX has extensive experience in property management, managing over 3,500 residential units with an average occupancy rate of over 95%. JALUX entered the Thai market by establishing JRE Development in 2017 and currently owns and manages L’axe Sriracha JALUX Serviced Residence in Sriracha, Chonburi, which is the largest community for Japanese residents in Eastern Thailand.

Currently, there are over 70,000 Japanese residents living and working in Thailand, and the number of Japanese traveling for business is also on the rise. It is anticipated that both groups will continue to grow over the next five years due to the expansion of new businesses entering the Eastern Economic Corridor (EEC). JRE Development will collaborate with Habitat Group and List Group to create facilities and services that cater to both customer groups.

Mr. Masashi Higuchi, CEO of JRE Development, stated, "The projects Walden Thonglor 8 and Walden Thonglor 13 are high-quality condominium projects equipped with comprehensive amenities. We will enhance service levels to match those of leading serviced apartments like L’axe Sriracha JALUX Serviced Residence, offering services that have never been seen before in Bangkok. We provide options for customers, including laundry and cleaning services, room maintenance, Japanese TV internet, shuttle services, airport transfer services, insurance for tenants, and 24-hour emergency assistance. Additionally, we have a team that speaks Japanese and has experience in addressing the needs of Japanese customers, as well as a team that speaks English and Thai to cater to all customer groups, ensuring a complete service experience."

Ms. Aliwasa Patthanathabutr, Managing Director of CBRE (Thailand) Ltd., as the Sole Agent for the projects Walden Thonglor 8 and Walden Thonglor 13, stated, "Thonglor is one of the most popular areas for residential purchases and investments due to its lifestyle appeal, surrounded by comprehensive amenities, renowned restaurants, community malls, and leading shopping centers that truly cater to urban living. Most condominium projects in Thonglor are luxury and super-luxury high-rises with average prices exceeding 300,000 Baht per square meter. The projects Walden Thonglor 8 and Walden Thonglor 13 offer something different, being luxury low-rise projects with amenities and services comparable to high-rise projects, located in the heart of Thonglor, conveniently accessible and not far from the BTS station. They cater to customers looking for residences in central Thonglor and for long-term rental investments at reasonable prices. The projects have been developed with practical room sizes and layouts that meet the needs of Japanese investors, creating a unique selling point with concierge services and rental management focused on Japanese clientele, alleviating buyers' concerns about finding tenants."

The projects Walden Thonglor 8 and Walden Thonglor 13 will commence construction in Q1 2020 and are expected to be completed in Q1 2022.

Habitat Group and List Group are preparing to host VVIP Days for the projects Walden Thonglor 8 and Walden Thonglor 13 from October 26-27 at Habitat Group's new Sales Gallery in Soi Thonglor 5, offering special deals worth up to 400,000 Baht for visitors who come to view and book on that day. Interested parties can find more information on the website www.habitatgroup.co.th/walden_thonglor/ or call 091-713-1111. Follow us on Facebook at www.facebook.com/HabitatGroupProperties, Line @habitatgroup, and Instagram habitatgroup.th.

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