ASW Launches Kave Town Colony at Bangkok University with a Project Value of 1.8 Billion Baht to Meet Surging Demand for Campus Condos
Asset Wise Public Company Limited (ASW) is responding to the recovering demand in the high-rise real estate market, particularly for campus condos, as educational institutions resume in-person classes. The company is launching a new project, Kave Town Colony at Bangkok University, with a project value of 1.8 billion baht. This innovative condo aims to cater to various lifestyles with the concept of 'Be You…Never Be'—designed to meet the living styles of Gen Z. The project features 30 complete facilities, with prices starting at 1.39 million baht. The first special VVIP event for bookings will be held on June 25, offering discounts of up to 200,000 baht. The company is confident in achieving its sales target, as the booking interest is already surging, supporting annual sales to exceed 10 billion baht.
Mr. Kramchat Wiphanpong, CEO of Asset Wise Public Company Limited (ASW), a leading real estate developer focused on lifestyle under the concept of 'Happiness Designed for You' or 'We Build Happiness,' stated that the overall real estate business is continuously recovering, especially in the high-rise residential sector, with condominiums showing remarkable recovery after a slowdown over the past two years due to the impact of COVID-19. Since May, the demand for condominiums near educational institutions has clearly expanded, driven by both self-use and investment for rental purposes.
The company recently launched the Kave Town Colony condominium at Bangkok University, Rangsit, with a project value of 1.8 billion baht, comprising 1,083 units. This innovative condo is designed to cater to various lifestyles with the concept of 'Be You…Never Be.' Located on Phahonyothin Road near Bangkok University and close to the red line train station, it offers 30 complete facilities and smart functions that simplify life through touchless technology and home automation systems. The project emphasizes safety with a five-step Smart Security system, including 24-hour security, key card access, locked elevator floors, digital door locks, and CCTV. Additionally, it promotes healthy living by providing basic health check services, connecting residents with online doctors, and is adjacent to a lifestyle mall currently under development, catering to fitness enthusiasts.
The Kave Town Colony project offers studio units starting at 23.30 square meters, one-bedroom units at 25.20 square meters, one-bedroom units with a double bed at 27.80 square meters, and one-bedroom units with an additional multipurpose room at 34.90 square meters, starting at 1.39 million baht. Interested buyers can view the sample units today and participate in the first VVIP booking event on June 25, where each person can reserve up to three units at 1,000 baht each, along with a discount of up to 200,000 baht. Registration for the discount can be done at: https://bit.ly/3QqLvni or by calling 02-168-0000. The Kave Town Colony project at Bangkok University, Rangsit, is expected to receive positive feedback based on customer inquiries and the number of reservations, driving the company's sales to exceed 10 billion baht for the year, with 60% of revenue from high-rise projects and 40% from horizontal projects. In the third quarter, the company plans to launch new projects to meet the demands of students and investors.
ASW is committed to developing high-rise and horizontal residential projects in prime locations under the concept of 'Happiness Designed for You' or 'We Build Happiness.' To date, the company has developed over 44 condominium and housing projects under various brands designed to create happiness suitable for every lifestyle, including KAVE, ATMOZ, MODIZ, ESTA, and THE HONOR, with a total project value exceeding 46.7 billion baht. This includes 32 completed and ready-to-move-in projects and 12 projects currently for sale and under development. The company currently has a backlog valued at over 8.207 billion baht, which will be recognized as revenue continuously.