October 9, 2018 – Following its commitment to developing residential properties that cater to the modern urban lifestyle, Asset Five Development Co., Ltd. recently invited visitors to explore the Vana Residence project on Rama 9 - Srinakarin, a luxury single-detached home project under the concept of A New Definition of Luxury Urban Home. This project targets successful young executives and entrepreneurs with a unique lifestyle, featuring three-story single-detached homes with private elevators that accommodate three generations. Spanning 20 rai with 69 units, the project is strategically located in a growing area between Rama 9 and Srinakarin, with prices starting at 20 million baht. Since opening for reservations in early September, the project has generated over 500 million baht in sales.

          Mr. Supachok Panjatharabut, CEO of Asset Five Development Co., Ltd., commented on the success of the Vana Residence project, stating that the potential and location on the newly developed Bangkok-Krit Road at Rama 9-Srinakarin, which is continuously growing and developing, has led to positive customer responses. The project benefits from its location adjacent to the new Bangkok-Krit Road, which features 6-8 lanes, providing multiple routes into the city, and is surrounded by comprehensive amenities such as Samitivej Hospital, international schools, golf courses, shopping malls, and community malls. In terms of home design, the project emphasizes natural light, offering both wide-front and L-shaped designs, ensuring privacy between homes. The interiors feature high ceilings of 3.1 meters, a kitchen with an island for family convenience, and importantly, the positioning of each house adheres to feng shui principles.

          It can be said that Vana Residence is one of the first modern luxury single-detached home projects in the Rama 9 - Srinakarin area that perfectly meets the needs of the high-end niche market, as evidenced by the successful pre-sales launch in early September, which generated over 500 million baht in sales within just one month.

          The project covers approximately 20 rai with 69 homes, consisting of three types: Type A, Type B, and Type C, with usable areas ranging from 400 to 492 square meters, totaling a project value of 1.8 billion baht. The homes are arranged in clusters, with only four houses per cluster, and each unit has parking space for at least four cars, accommodating both supercars and large family vehicles. Additionally, the project offers luxury and modernity through carefully selected interior materials and includes private elevators within the homes, with well-planned functions and lush greenery, featuring over 300 large trees on the project site.

          The project also provides complete convenience with shared facilities, including a 25-meter saltwater swimming pool, a playground with a treehouse, a fitness center, a multipurpose room, and green spaces with large trees throughout the project, emphasizing a true connection with nature.

          Mr. Supachok further stated that the company plans to develop both high-rise and low-rise real estate projects in prime urban locations, close to workplaces and various amenities, continuously. They also have land banks along the new Bangkok-Krit Road reserved for future projects.

          Ms. Aliwasa Patthanathabut, Managing Director of CBRE Thailand, the sales representative for the project, discussed the overall market and growth in the eastern Bangkok area, noting that in the past three years, approximately 10,000 single-detached homes have been launched annually, with numbers gradually increasing each year. In the first half of 2018 alone, over 7,000 units have been launched, matching the sales figures from the third quarter of previous years.

          These figures clearly indicate that the supply of low-rise properties is continuously regaining its role in the real estate market and is expected to increase in the coming year, particularly in the eastern Bangkok area, which is highly sought after due to upcoming transportation expansion plans, such as the Yellow Line (Lat Phrao-Samrong) and the Orange Line (Taling Chan-Min Buri). Consequently, developers are increasingly focusing on projects to accommodate the growing population in this area. From the beginning of the year to the second quarter of 2018, there were 433 land allocation permits for single-detached homes in Bangkok, with 271 permits issued in the eastern Bangkok area, accounting for 63% of the total.

          Vana Residence, considered one of the top luxury single-detached home projects on Srinakarin - Romklao Road, has achieved 30% sales or over 500 million baht within just over a month of opening for sale, which is highly satisfactory and is expected to continue generating sales.

          The Vana Residence project on Rama 9 - Srinakarin will hold a Grand Opening event on October 13-14. For more information, please call 083-954-9499. Project location: https://goo.gl/maps/REtnzi692Hp

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