Na Varang Asset is set to enter the condominium market in the fourth quarter of 2022, focusing on the young generation after observing a continuous demand in the Phaholyothin-Ari area. The company is moving forward with the launch of the 'Na Vara Phaholyothin 8' project, a low-rise luxury condominium with 8 floors, valued at 300 million baht, under the concept of 'Freedom of a New Lifestyle... That Suits You' (LIFE WITH CONTEMPORARY TWIST). The project emphasizes 'Modern-Serenity-Classy' and privacy with only 35 units, featuring auto parking and conventional parking that can accommodate up to 80%. Located on the highly sought-after Phaholyothin Road, it offers convenient transportation access, just 5 minutes from the BTS and expressway, with prices starting at only 6.6 million baht. Pre-sales are set to open on November 5-6, 2022.

Mr. Apipu Phromyothi, Chief Executive Officer of Navarang Asset Co., Ltd., a real estate developer known for its distinctive quality design and private residences, shared that the company's business operations have been progressing according to the set goals. The 'Na Vara Residence' and 'Na Vera Phaholyothin-Ari' projects have already sold out, while the 'Na Riva Charoenkrung' project has achieved over 50% sales. It is anticipated that construction will be completed and revenue recognition will begin within 2024. For the operational plan in 2022, Na Varang Asset remains confident in the Thai real estate market, especially in Bangkok, and continues to focus on developing quality housing that emphasizes privacy at affordable prices to meet customer demands. The company is now ready to launch the 'Na Vara Phaholyothin 8' project, a luxury low-rise condominium located in the Phaholyothin-Ari area, with a total project value of 300 million baht.

“Over the past five years, the real estate market in the Phaholyothin-Ari area has shown continuous development. Demand in this area has increased while supply has decreased. The company sees the potential of this location, having successfully launched the 'Na Vera Phaholyothin-Ari' project with 40% sales in just one day during pre-sales. Although developing projects in this area poses challenges, we view these challenges as opportunities. As a project developer, we are creating new projects to meet the needs of customers by offering larger units or two-bedroom apartments, as these are still limited and priced higher due to their size. Importantly, the Phaholyothin-Ari area is becoming a 'RARE ITEM' due to the limited supply available,” he added.

“The consumer behavior in this area consists of working individuals who value tranquility, seek convenience, have refined tastes, and desire high privacy. The success of the 'Na Vera Phaholyothin-Ari' project, combined with the potential of this area, has led Na Varang Asset to decide to launch a new project in the same location, introducing the 'Na Vara Phaholyothin 8' project targeting the younger generation, aged 30 and above, who seek a central urban residence that reflects unique luxury and style while maintaining privacy at an affordable price. With prices starting at 6.6 million baht, averaging around 130,000 baht/sq.m., it offers value for both personal residence and investment, with rental yields in this area projected to be high at 4-5% per year,” he stated.

Mr. Onkarit Phromyothi, Chief Operating Officer of Navarang Asset Co., Ltd., revealed that “Based on customer demand surveys in the Phaholyothin-Ari area, there is a need for larger, private living spaces that are realistically affordable, which is a key consideration in designing the 'Na Vara Phaholyothin 8' project. Therefore, this project has been designed under the concept of 'Freedom of a New Lifestyle... That Suits You' (LIFE WITH CONTEMPORARY TWIST), featuring a 'Modern Classic' design that reflects the historical and classic essence of the Phaholyothin area, once home to government officials and nobles, blended with the modern lifestyle of today's residents. The design incorporates classic elements with modern techniques, creating a façade that is both elegant and functional, enhancing the building's aesthetic and practical qualities.”

Na Vara Phaholyothin 8 is a luxury low-rise condominium with 8 floors, consisting of 35 residential units, located on a total area of 0-1-95 rai on Soi Phaholyothin 8, with a total project value of 300 million baht. The project offers 4 types of units: 1 Bedroom (40-46 sq.m.), 2 Bedrooms (50.50 sq.m.), 2 Bedrooms (53-77.50 sq.m.), and Duplex (107.50-116 sq.m.). The design emphasizes urban lifestyles that favor social gatherings, with adaptable functionality to suit residents' lifestyles. Notably, the project features wide horizontal units, which are increasingly rare, and common areas designed to enhance private living, along with automatic and conventional parking systems that can accommodate up to 80%. The project also includes amenities such as a lobby, fitness center, mail room, security systems with keycard access, CCTV, and 24-hour security personnel. Construction is set to begin on January 1, 2023, with completion expected in 2024.

“The 'Na Vara Phaholyothin 8' project is preparing for Pre-Sales on November 5-6, 2022, with special offers for those who reserve during the event, such as discounts of up to 400,000 baht*. It is anticipated that after the official launch, the company will achieve approximately 50% sales by the end of the year,” Mr. Apipu concluded.

Experience Freedom of a New Lifestyle... That Suits You with 'Na Vara Phaholyothin 8', a luxury low-rise condominium in the city starting at just 6.6 million baht. Sample units are available for viewing today! Register for exclusive privileges at https://www.navarangasset.com/na-vara-phaholyothin-8 or call 065-920-6365.