Real Asset is strengthening its condo portfolio by taking over the 'A Space Mega' project, the first condominium located in the heart of MEGA CITY BANGNA. The response has exceeded expectations, and the company is confident in the potential for growth in this location. Special promotions will be available on June 18-19, allowing the public to view actual rooms and common areas for the first time, starting at just 1.79 million baht*.

Mr. Nattaporn Klanruangsaeng, Deputy CEO of Real Asset Development Co., Ltd., stated that the company is ready to move forward with its investment plans to meet the housing demands of consumers in both low-rise (single houses, new concept homes, townhomes) and high-rise (condominiums) segments. The focus will be on locations with high potential and purchasing power, particularly in the eastern Bangkok area, specifically Bangna-Trad.

The company sees a gap in the real demand market in the Bangna-Trad area, and with the potential of the location adjacent to Bangkok's largest lifestyle mall, MEGA BANGNA, which caters to various lifestyle needs, the continuous increase in property prices presents a great business opportunity. The addition of 'A Space Mega' to the condo portfolio will help the company grow and generate immediate revenue, with sales already exceeding 85%, surpassing the company's initial targets.

Mr. Nattaporn explained the reasons behind the strong customer response to the 'A Space Mega' project, reflected in the sales figures, which can be attributed to three main factors: 1. Location: The project's location in the heart of MEGA CITY BANGNA, a lifestyle mall on Bangna-Trad Road, spans over 400 rai, offering a comfortable living environment with easy access to various lifestyle amenities, including parks, shopping centers, and leading educational institutions, both public and private. Additionally, it is just one minute from the Burapha Withi Expressway and the Kanchanaphisek Expressway, and close to the Yellow Line electric train (under construction) connecting to the Green Line extension.

2. Design Concept: The 35-story condominium is designed in a Futuristic Modern style, featuring lines that reflect modern living and a vibrant color palette that embodies urban lifestyle. The materials used are bright and lively, promoting an active lifestyle 24/7 under the concept of 'THE COMPLETE LIFESTYLE HUB - A New City in a Big City', covering over 4 rai with one building (divided into Zone A & Zone B), comprising 1,328 residential units and 8 retail units, with a project value of 2.166 billion baht. The units include 1-bedroom layouts ranging from 28.52 to 34.97 square meters and 2-bedroom layouts from 56.73 to 62.55 square meters, with an average selling price of 69,000 baht per square meter, starting at just 1.79 million baht per unit*. The project is equipped with 8 passenger elevators and 1 service elevator, along with comprehensive amenities.

3. Facilities: The project features a large common area spanning 5 floors, covered by over 2.6 rai of green space, including a CO-WORKING SPACE designed with tiered seating and ample power outlets for convenience during work hours, catering to a 24-hour lifestyle. The facilities include:

  • 1st Floor: 8 retail shops and a large green garden.
  • 3rd Floor: A CO-WORKING SPACE designed with a DOUBLE VOLUME concept, open 24 hours.
  • 5th Floor: Facilities for active living, including an INFINITY EDGE POOL, FULL FUNCTION FITNESS, BOXING CORNER, and YOGA CORNER that can be converted into a DANCING ROOM.
  • Rooftop: Offers views of IKEA and the Bangna area with a SKY JOGGING TRACK for light exercise while enjoying the city skyline.

Additionally, the company has strengthened its sales management team by partnering with Knight Frank Chartered (Thailand) Ltd., which has extensive expertise in the eastern Bangkok market.

 

Mr. Nattakarn Khahapana, Managing Director of Knight Frank Chartered (Thailand) Ltd., emphasized the potential of the Bangna area as a strategic location with high purchasing power, linking routes to the Eastern Economic Corridor (EEC) of Thailand. This continuous development in the area instills confidence in property developers regarding purchasing power. Bangna has become a hub for residential projects, airports, convention centers, large shopping malls, golf courses, office buildings, and notably, international schools, which are indicators of good status and purchasing power. Furthermore, significant investments from both public and private sectors in large-scale projects along Bangna-Trad Road amount to no less than 500 billion baht.

Mr. Nattakarn added that condominium prices in the Bangna area have increased over the past five years from 60,000-80,000 baht per square meter to now include condos priced at 100,000 baht per square meter. There are also high-end mixed-use projects incorporating wellness concepts under development, with prices ranging from approximately 160,000 to 450,000 baht per square meter. Meanwhile, mid-range condominiums are becoming attractive products, offering high rental yields of around 5%. As mega projects gradually open, this will positively impact housing prices.

The 'A Space Mega' project officially announces its first viewing of actual rooms and common areas on June 18-19, 2022, with a promotion allowing reservations for just 5,000 baht and special room prices starting at 1.79 million baht* or only 62,000 baht/sq.m.*. For customers interested in a complete furniture set with appliances, the project offers a furniture and appliance package* for 100,000 baht, allowing immediate move-in.

For more details, visit www.realasset.co.th/condominium/ASpaceMega or call 1232.

Mr. Nattaporn reiterated that the company aims to achieve sustainable growth and build trust among customers, investors, and financial institutions. In the next 2-3 years, the company may engage in more acquisitions or project takeovers, which will significantly expand its condo portfolio.