V Property Surpasses 99% Sales for VTARA36, Confident in Luxury Condo Market Along Sukhumvit BTS, Plans Two New Projects Worth Over 3 Billion Baht in the Second Half of the Year to Achieve 5 Billion Baht Target by 2020

         V Property Development, a luxury residential developer, is confident in the purchasing power of the luxury condo market along the BTS line and is preparing to launch two new condominium projects in prime locations along Sukhumvit, specifically in the Phra Khanong area, with a total value of over 3 billion baht in the second half of 2017. They also announced that sales for the low-rise condo "VTARA36" have exceeded 99%.
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        Mr. Porchai Lertananachok <\/span><\/strong>, CEO of V Property Development Co., Ltd. (V Property), revealed that the overall economic outlook for the country is continuously growing, with a projected GDP growth rate of approximately 3.3-3.8% for 2017. This is supported by significant public investment in mega-projects and various infrastructure developments, particularly the BTS system in Bangkok, which will stimulate housing demand and impact the growth of the real estate sector. Meanwhile, the luxury condominium market along the BTS line, especially in the Sukhumvit area, continues to show strong purchasing power from both end-users and investors looking to rent out properties. Therefore, the company plans to develop two new condominium projects, starting with a rare-item project in the Phra Khanong area, located near BTS Phra Khanong, with a total project value of approximately 3 billion baht, expected to launch in the second half of this year.<\/span><\/p>

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         “The VTARA Sukhumvit 36 (VTARA36) project, which is an 8-story low-rise condominium with 5 buildings and a total of 466 units in a prime location on Sukhumvit 36, has achieved remarkable success with over 99% sales in a short period. This success is attributed to the project's central location, which meets the lifestyle needs of customers seeking convenience while providing high privacy in a serene environment. The project emphasizes luxurious amenities, including a 2-rai common area, a high-end fitness center (Panoramic Fitness Pavilion), a top-class Japanese Onsen, a Sunset Garden, an Intelligent Parking System, an Emerald Lagoon Pool, and supercar parking spaces equipped with personal IP cameras. Additionally, there are special units called Courtyard Villas that come with private green spaces, resembling a lawn in a detached house. The concept of this project development is based on market research and location analysis, as well as customer demand. The company will focus on a key strategy to develop high-end luxury projects along the Sukhumvit BTS line, aiming for revenue to reach 5 billion baht before 2020,” Mr. Porchai stated.<\/p>