Dr. Torsak Lertsriskulrat, Managing Director of Eastern Star Real Estate Public Company Limited or ESTAR, announced that the project “Quintara Treehouse Sukhumvit 42”, the company's first luxury low-rise condominium project in the prime Thonglor-Ekkamai area, valued at over 1.5 billion baht, has completed construction and is in the process of transferring ownership. This will allow the company to recognize revenue within this year, with the actual building expected to be available for viewing around April 2020. The project consists of two 8-story buildings with a total of 304 units, featuring two types of rooms: 1-bedroom units ranging from 29-40 sq.m. and 2-bedroom units sized 46-55 sq.m. It is situated on over 2 rai of land on Sukhumvit 42, conveniently accessible from both Sukhumvit Road and Rama 4 Road, just 550 meters from Ekkamai BTS Station and Gateway Ekkamai shopping center. Prices start at 4.29 million baht, designed by A49 Architects, a leading design firm in the country, and managed by Plus Property Co., Ltd., targeting Gen X and Y customers with a monthly income of 50,000 baht and above.

Additionally, the company is currently constructing the Quintara Athe Sukhumvit 52 project, an 8-story low-rise condominium with 154 units, starting at 3.49 million baht. It includes fully furnished 1-bedroom units ranging from 28.00-51 sq.m. and 2-bedroom units of 56.00 sq.m., with a project value of approximately 600 million baht. Another project, Estara Haven Pattanakarn 20, features 3-story twin houses and 3.5-story townhomes on a 21 rai site, with usable space of 200-220 sq.m. per unit, totaling 152 units and starting at 7.89 million baht, with a project value of over 1.5 billion baht. Both projects are currently on sale, achieving 80% and 50% of the sales targets, respectively.

Dr. Torsak further stated that the overall real estate market this year requires operators to work harder due to competition with the number of units remaining in the market and general customer concerns. However, for consumers and investors, this presents a golden opportunity to purchase residences in various potential locations at affordable prices. He believes that if the COVID-19 situation improves and consumer anxiety decreases, the real estate market in Thailand is likely to recover and grow according to real demand. People will become more willing to buy and spend, and for the foreign market, Thai real estate remains an attractive investment option as it is still relatively affordable compared to other countries, making it suitable for investment, rental, or as a second home, Dr. Torsak concluded.