Assetwise Targets New Customer Segment, Launches Premium Condominium Market with 'MODIZ Collection Bangpho' Valued at Over 1.2 Billion Baht

            Mr. Krungchet Wiphanpong, CEO of Assetwise Co., Ltd., a real estate developer committed to creating quality housing for a better life, under the concept of 'Happiness Designed for You' (We Build Happiness), revealed that the 'MODIZ' brand has received continuous positive feedback from customers, with successful projects like MODIZ Interchange, MODIZ Station, and MODIZ Ratchada 32. In 2018, the company launched MODIZ Sukhumvit 50, its first high-rise condominium offering views of two bends of the Chao Phraya River and Bang Kachao, which was well-received by customers. This year, the company continues to develop condominium projects under the MODIZ brand with 'MODIZ Collection Bangpho', located in the best area of Bangpho, enhancing the premium living experience to further develop the MODIZ brand into a Mid-End to High-End project in the future, offering quality and unique features that provide value for ownership, confident that it will receive positive responses from both old and new customers as in the past.

            "The Bangpho area is one of the oldest and most famous timber trading districts in Bangkok. Currently, the government has ongoing development plans for the Bangpho area, including the expansion of the electric train network for convenient access to the city. This includes the Blue Line extension from Bangsue to Thaphra, which will be operational in early 2020, the Purple Line from Bangsue to Ratburana, the Dark Red Line from Bangsue to Rangsit, and the Light Red Line from Bangsue to Taling Chan, which will be operational within the next 1-2 years. Additionally, there are plans for several more routes by 2023, as well as the construction of the new parliament building, which will become an important landmark in the Bangpho area. It is also close to Bangsue Central Station or Bangsue Hub, the largest rail transport hub in Thailand, with a goal to develop it into a Complex City, becoming a new economic center in ASEAN over an area of more than 218 rai. All of this will make the Bangpho area increasingly attractive, especially regarding the growth of residential projects, particularly condominiums, with sales in the area reaching 89% of total supply last year, indicating significant growth in this area. It is expected that prices could rise to 180,000 baht per square meter in the near future due to the urban transformation plans, which will make nearby areas like Chatuchak become business centers comparable to Rama 9 and Sukhumvit, leading to an increase in job opportunities and density expanding into the Tao Poon - Bangpho area. It is anticipated that Bangpho will become a location with increased new supply and an interesting new area for investors. Furthermore, once the electric train is operational, it will certainly yield good returns," Mr. Krungchet added.

           The MODIZ Collection Bangpho project is Assetwise's first premium condominium, a 26-story high-rise building with 235 units and a project value of over 1.2 billion baht. It is designed under the concept of 'A Contemporary Classic', featuring meticulous design that balances classic and contemporary styles both inside and out. The building's unique positioning creates a sleek and elegant feel, with glass facades to capture the most beautiful panoramic views of the Chao Phraya River from the 8th to the 24th floors. The units come in various sizes, including Studio units ranging from 24 to 27 sq.m., 1 Bedroom units from 25 to 56 sq.m., 1 Bedroom plus units from 33 to 64 sq.m., and 2 Bedroom units from 67 to 100 sq.m. Additionally, Assetwise introduces a new design concept for units, featuring Vertical Suites with ceiling heights of 4.5 meters, including 1 Bedroom VS units from 24 to 29 sq.m., 1 Bedroom plus VS units from 33 to 52 sq.m., and 2 Bedroom VS units from 45 to 59 sq.m., to cater to diverse living needs, with prices starting from 2.99 to 18 million baht. Each unit comes fully furnished with unique furniture, considering functional usage in every unit. Furthermore, the company enhances the premium experience with comprehensive amenities across 3 floors, designed to provide ultimate relaxation while offering 360-degree views of the Chao Phraya River. These amenities include an elegantly designed Double Volume lobby, the SKY VISTA POOL on the rooftop with stunning views of the river, a large SKY VISTA FITNESS area equipped with complete exercise facilities, and on the 26th floor, a special SKY VISTA WINE BAR for relaxation with soothing piano music, a PRIVATE LOUNGE for private party spaces, along with a fun-filled PLAY ROOM and THEATER ROOM, elevated by THE WORK COMMONS for meetings, work, and creative idea generation, all complemented by 56% Auto Parking and enhanced security systems, ensuring a perfect living quality, with completion scheduled for 2021.

            The project is located on Pracharat 1 Road, just 10 steps from the Bangpho station of the Blue Line extension. Besides being close to the station, the transportation system is equally convenient, whether by car, with proximity to the Si Rat Expressway and Bangpho Pier, which helps avoid traffic, allowing seamless connectivity to various areas. The project is also well-equipped with amenities that cater to every lifestyle, including government offices, state enterprises, private companies, educational institutions, and shopping malls.

            "Currently, condominiums located near electric train stations and along the river are quite rare. The company views the location of the MODIZ Collection Bangpho project as a Rare Item in an interesting area that meets consumer needs well, as it is close to both the electric train and the Chao Phraya River, allowing residents to enjoy the beauty of the river views, enhancing their relaxation and convenience in commuting," Mr. Krungchet concluded.

            Interested parties can register for discounts of up to 500,000 baht at www.assetwise.co.th, with model rooms available for viewing from August 3 onwards, and official sales starting on August 17 at the MODIZ Collection Bangpho Sales Gallery. For more information, call 02-618-0000.

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