KRONOS SATHORN is a new ultra-luxury office building located in the heart of Sathorn, with a project value of over 4 billion baht, aiming to revitalize the Grade A office market with the concept of “THE MANHATTAN ON SATHORN.” This 28-story building offers five unique features, catering to a luxurious lifestyle for future work environments. It boasts a prime location in the Real CBD of Sathorn, connecting convenience through various surrounding factors, including social activities that meet every lifestyle need and serving as a business contact hub. The target market is the real demand from modern companies seeking comprehensive functionality to enhance their image and meet future work and business needs. Currently, KRONOS has attracted interest from approximately 50% of potential clients for office and retail space, with the rental market for office buildings in Q2 showing signs of recovery as trends shift back to office work and multinational companies begin investing in the country.

Mr. Natee Panichchiva, Chairman of Paiboon Business Co., Ltd. stated that based on their experience in developing and managing buildings, they have transformed a plot of land on Sathorn Road into theKRONOS SATHORN, an ultra-luxury office building with 28 floors and a total area of over 28,765 square meters, offering rental space of 1,150-1,270 square meters per floor. It is suitable for organizations of all sizes, including large companies that require entire floors for multiple departments, with parking available for up to 321 vehicles. KRONOS is ready to provide an elevated working experience under the concept of ‘The Manhattan on Sathorn’ through collaboration with three leading partners: Palmer & Turner, Thai Obayashi, and Project Asia, to develop a project that reflects a distinctive lifestyle and offers a balanced living experience across all dimensions.

KRONOS SATHORN is currently available for rent at prices starting from 900 to 1,200 baht per square meter, with a 25% rental interest already confirmed and another 25% showing interest, primarily from foreign companies returning to invest in Thailand, looking for spacious and luxurious new office buildings located in high-potential areas and certified for environmental standards.

Regarding the overall office market in Bangkok, it is observed that the Grade A office market is in a recovery phase, driven by the demand for office space from companies returning to normal operations. Although some areas still face oversupply, it is expected that in the next 1-2 years, new supply will not be less than 30,000 square meters per year. However, it is believed that the Grade A office market in the Sathorn area can continue to thrive due to the demand from multinational companies and embassies seeking office spaces that meet safety and luxury standards for full operational capacity. The average rental price for Grade A offices in the CBD area is around 1,178 baht (according to the Q1 rental office market data).

“KRONOS is developed to meet the needs of high-end corporate clients, both Thai and international, who are looking for Grade A offices to expand their business base in Thailand and Asia, using this location as a business hub, including companies that want to create an image of being an international company,” said Mr. Natee.

For the 5 key features that differentiate the KRONOS SATHORN project, it presents timeless design emphasizing luxury yet simplicity, featuring advanced technology and design innovations from Japan that focus on safety, providing valuable and flexible utility for users, as well as promoting well-being for building users, and being an environmentally friendly building for sustainability. Therefore, the design technology of KRONOS is uniquely different from typical buildings in Thailand as follows:

  1. A new masterpiece in Thailand and Asia

The architectural design is beautifully modern classic, unprecedented in Thailand, highlighted by the largest Art Deco-style clock in the country and the eighth largest in the world, symbolizing an elegant and timeless image that will endure for future generations.

  1. Super prime location on Sathorn Road, in the Real CBD

The location in the Real CBD business area at the intersection of Sathorn Road and Rama 4 Road surrounds KRONOS with leading businesses and agencies, global representatives, five-star luxury hotels, and numerous top mixed-use projects, along with easy access to various city zones through convenient and fast public transportation, including the BTS Sala Daeng station and the MRT Silom station, approximately 750 meters away, just a 10-minute walk, and only 600 meters from the MRT Lumpini station, a 7-minute walk. The project also offers shuttle services to the MRT Silom station and BTS Sala Daeng station.

  1. Providing Best-In-Class solutions that meet superior work needs

With the vision of presenting “the best office building in the Grade A office market,” featuring a column-free layout and exceptionally high ceilings ranging from 3 to 6 meters, with a large terrace on the 27th floor to enjoy stunning views of the city and the Chao Phraya River. It offers convenience with up to 8 passenger elevators, preventing congestion even during peak working hours, along with sufficient parking spaces and special reserved parking for disabled individuals.

  1. Advanced technology aiming for a 'Smart Building'

KRONOS is committed to providing a “smart” building experience equipped with advanced technology and numerous modern innovations, such as a facial recognition screening system for building access, key cards, and QR codes, along with contactless systems to prevent the spread of COVID-19, including touchless control for elevators and facial recognition for selecting desired floors. This contactless system also extends to touchless restroom innovations, including doors, faucets, and toilet flush systems, with over 11 EV charging stations and an automated car parking system with license plate recognition for automatic parking and payment systems.

  1. Well-being promoting the health of international building users

With the installation of hygiene and safety technology at world-class standards, such as air conditioning systems equipped with PM2.5 dust filters and plasma systems for disinfecting bacteria, as well as UV systems to reduce the number of COVID pathogens passing through air filters, ensuring safety in using the KRONOS building.

Demand for Grade A office buildings is expected to rise in 2023, as tenants will prioritize buildings that are high-quality and environmentally friendly. Companies are seeking workspaces that promote a balance between work and life while reflecting sustainability concepts. Currently, the office market in Bangkok offers approximately 5.8 million square meters of rental space, with over 20% recently achieving green building certification.

“Currently, tenant demands have completely changed. Companies want high-quality buildings that align with their organizational values. We are witnessing a trend where tenants are willing to pay higher rents for offices in buildings that are fully functional and of high quality for modern work, including buildings that meet environmental standards to help promote the vision and image of organizations aiming to create environmentally friendly profiles. KRONOS has been developed to meet these needs and redefine the ultra-luxury work experience.”

Mr. Sereen Witeppong, Director of Palmer & Turner (Thailand) Co., Ltd. commented on the architectural design of KRONOS, stating, “KRONOS is a true fusion of luxury and architectural charm, from the use of revolving entrance doors and a classic lobby reminiscent of a five-star hotel, providing an immediate sense of luxury for visitors, along with attention to every detail, including the beautiful egg-shaped glass dome ceiling that creates a relaxing yet elegant atmosphere, with meticulous decoration in every square inch, making KRONOS an experience that exceeds the expectations of a typical office and leaves a lasting impression on every visitor. This is our commitment to creating a place full of uniqueness, inspiration, and charm from every angle, crafting an atmosphere and outstanding architectural elements that make KRONOS one of the most premium buildings in Bangkok and Asia.”

Mr. Wisut Lertwiriyasak, Senior Manager of Nanthawan Co., Ltd. (Thai Obayashi Corporation Limited) stated about the integration of technology with the best construction systems of KRONOS, saying, “With high-level expertise from Japan, we have integrated cutting-edge innovations with construction techniques in every aspect. This strategic collaboration allows us to present truly advanced development, from the foundation to all intricate details. KRONOS represents high craftsmanship that surpasses the standards of typical office buildings in terms of longevity, efficiency, and quality that is hard to match.”

Mr. Pitichit Prommala, Project Director of Projects Asia Co., Ltd. stated, “Grade A office buildings like KRONOS SATHORN, located in the city’s main business area, are in high demand due to their convenient accessibility, modern working environment, and comprehensive lifestyle amenities, attracting multinational companies expanding their operations in Thailand. Furthermore, high-quality buildings with environmental sustainability are increasingly sought after, with many multinational companies willing to pay higher rents for establishing world-class quality offices.”

KRONOS SATHORN is fully equipped with world-class amenities, situated in a prime location, and committed to delivering luxury and sustainability while aiming to lead the Grade A office market.

For inquiries or to rent space at KRONOS SATHORN, please call 065 789 5888

and email [email protected] or visit the website https://kronossathorn.com