The market leader in condominiums in the Don Mueang area, "Preeda Real Estate," has announced its expansion into the urban real estate market by partnering with "Capital One Real Estate" to jointly manage the sales of a new mixed-use project on Pradiphat Road. This project includes condominiums, office buildings, and retail spaces, with a total value of up to 3.5 billion baht. It features a generous 3,200 square meters of common area, branded as the new 'OASIS' in the city center, surrounded by important government offices, close to the parliament, leading educational institutions, and shopping areas. The starting price for the condominium units is set at 2.99 million baht, averaging 130,000 baht per square meter, with pre-sales commencing this November, aiming to sell no less than 40% during the pre-sale period.


Mr. Wit Kulanthawiphat, CEO of Capital One Real Estate Co., Ltd. and Keller Williams Thailand, a leading real estate agency and market service consultant in Thailand, which has the highest sales volume in the U.S. and the largest employee network worldwide, revealed the company's business direction for the remainder of 2023. The company plans to expand its presence in the residential market, particularly in the luxury condominium sector, which continues to show growth potential. With extensive experience in the condominium market, the company has achieved total sales of no less than 30,000-40,000 million baht.
Recently, Capital One has been entrusted by Preeda Real Estate to manage the sales of this mixed-use flagship project, marking the first collaboration between the two companies in this prime location on Pradiphat Road. Preeda Real Estate is known for developing the GRENE CONDO brand, leading the condominium market in Don Mueang, and has been in the construction and real estate development industry for over 60 years, focusing on high-quality residential projects at reasonable prices. The new mixed-use project boasts a development area of 3 rai, 3 ngan, and 59 square wah, featuring one building with an impressive 3,200 square meters of common area, designed as an urban oasis, with each space within the building meticulously designed to provide perfect relaxation for residents.


The project will include condominium units, office spaces, and retail areas for lease, with a total project value of 3.5 billion baht. The design features a 48-story building (including the rooftop) with 524 units, including 329 one-bedroom units of 34.88 square meters, 31 one-bedroom plus units of 48 square meters, 54 two-bedroom units, 120 loft units (one-bedroom) ranging from 38.47 to 47.39 square meters, and 11 loft units (two-bedroom) ranging from 68.75 to 80.15 square meters. There are a total of 335 parking spaces. The project has passed the Environmental Impact Assessment (EIA Approved) and is currently under construction, expected to be completed by 2025. Additionally, the project will feature office space of approximately 3,000 square meters to accommodate SMEs and provide services to residents working in the area, aligning with the lifestyle needs of residents, along with retail space of about 500 square meters for restaurants.

The target customer group includes both Thai and foreign clients looking for accommodation close to their workplaces, as the project is located near educational institutions such as Samsen Wittayalai School, important government offices like the new parliament and the Ministry of Finance, and is close to the Bangkok Apivathan Central Station, with easy access to Bang Sue Central Station and about 1 kilometer from the Green Line BTS station. It is also conveniently located near the Si Rat Expressway and surrounded by numerous residential areas, offering a wealth of dining options and amenities, including the Chatuchak Weekend Market, shopping malls, hospitals, and banks. "The project's location is in a prime area with high development potential, in a Blue Ocean zone with little competition. Compared to the price per square meter, the prices on Pradiphat Road are significantly lower than those in the Ari and Saphan Khwai areas. Moreover, the rental market offers good investment returns, averaging no less than 5%,” Mr. Wit stated. The company plans to begin the pre-sale round in November 2023, with starting prices at 2.99 million baht and an average price per square meter of 130,000 baht, expecting strong sales performance, aiming for 40% during the pre-sale period.