(Bangkok) Habitat Group, a leader in premium real estate project development for investment in Thailand, continues to drive business growth and announces a joint venture plan with List Group, a real estate expert from Japan, to jointly invest in the development of two luxury low-rise condominium projects in the CBD area: Walden Thonglor 8 and Walden Thonglor 13, with a total value exceeding 2.8 billion baht. This aims to enhance the brand and expand the market internationally through List Group's international real estate network.

Mr. Chanin Wanichwong, CEO of Habitat Group, stated, "This joint venture with List Group is to develop luxury low-rise condominium projects in the potential location of Thonglor, specifically the Walden Thonglor 8 and Walden Thonglor 13 projects. This marks a significant step in line with our strategic plan to continuously drive the growth of Habitat Group in developing luxury residential projects in the CBD of Bangkok. It also expands our business following our successful entry into the Chinese and Hong Kong markets, leveraging opportunities from our offices in various countries and the expertise of List Group in Japan to promote growth and expand our international customer base."

In this joint venture between Habitat Group and List Group, two joint venture companies have been established: Habitat Group List Co., Ltd. for the development of Walden Thonglor 8 and Habitat Group List 2 Co., Ltd. for the development of Walden Thonglor 13, with a shareholding structure of 62% for Habitat Group and 38% for List Group.

The condominium projects under the Walden brand focus on providing a unique sense of privacy, closeness to nature, and the charm of living, with modern low-rise condominium designs that blend luxury with nature in the CBD location, offering special benefits to buyers both for investment and residential purposes.

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, with room sizes ranging from 32.5 to 71 square meters, and an average price of 235,000 to 260,000 baht per square meter, set to launch in the third quarter of 2019. The Walden Thonglor 13 project is also an 8-story luxury low-rise condominium with 122 units, room sizes ranging from 35 to 60 square meters, and an average price of 185,000 to 220,000 baht per square meter, also launching in the third quarter of this year.

"Thonglor is a rapidly expanding area due to its economic centrality connecting from Sukhumvit Road, making it highly attractive for investment. The presence of premium office buildings and high-end condominiums has continuously driven property prices in this area upward. Currently, Thonglor is a lifestyle hub for the new generation, offering complete amenities for shopping, dining, and entertainment, making it one of the top investment areas for real estate in Bangkok," Mr. Chanin said.

"Thonglor is also home to high-income earners and large business owners, particularly popular among Japanese expatriates working in Thailand. Compared to other residential projects in nearby areas, the Walden Thonglor 8 and Walden Thonglor 13 projects are located in prime locations that are highly worthwhile for investment. Not only do they excel in location, but they also offer meticulous quality and design, backed by various quality awards that have continuously enhanced the reputation of the Walden brand, making them valuable for both residential and investment purposes," he added.

List Group has a long-standing successful business history, established in 1991 in Yokohama, Japan, with expertise in real estate brokerage, condominium and land development for residential purposes, asset management, and fund management. With its strengths in residential project development and fund management, List Group has rapidly expanded its real estate investments in Thailand and Southeast Asia.

List Group acquired the rights to "Sotheby's International Realty" in Japan in 2010 and in Hawaii in 2013, expanding its business into Southeast Asia. Today, Sotheby's International Realty has offices in the Philippines, Singapore, and Hong Kong, and opened an office in Thailand in the third quarter of 2018. Additionally, Sotheby's International Realty has a network of over 990 offices in 72 countries worldwide, which will greatly aid in expanding the market for the Walden Thonglor 8 and Walden Thonglor 13 projects internationally.

Mr. Hisashi Kitami, Founder, CEO, and Chairman of List Group, stated, "Thailand is an important market for List Group, especially Bangkok, where we see strength in various fundamentals. We believe the premium real estate market will continue to grow. We chose to partner with Habitat Group because it is a unique real estate company with a shared vision for developing premium residential projects for investment, backed by in-depth market research. Habitat Group has a track record of developing quality condominium projects with numerous reputable awards. We believe that List Group's international experience will bring valuable knowledge and global perspectives to this joint venture, leveraging our offices in various countries and the global network of List Sotheby's International Realty to reach high-net-worth individuals (HNWI) to present the Walden Thonglor 8 and Walden Thonglor 13 projects effectively."

However, both Habitat Group and List Group foresee a positive trend in the real estate market in the second half of 2019 due to stable economic conditions and the limited number of luxury projects in the area, making the Walden Thonglor 8 and Walden Thonglor 13 projects solid investment opportunities for buyers anticipating strong returns and profits from their investments.

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