Development Firm of Israel Entering Thai Property Market
The leading development firm of Israel, Fishman Group subsidiary IBC is all set to enter the Thai property market. This firm is ready to step into Bangkok Real Estate sector with a major project in Bangkok’s CBD of an approximate value of Bt 14 billion. IBC is launching this project in association with Thai property firm PACE Development. Thde project is named as MahaNakhon.
The MahaNakhon project is located near the Chongnonsi BTS station. This project will consist of around 200 elite housing units and a high end boutique hotel named as “The Edition Bangkok” and a fashionable retail centre. This project will be designed by the famous designer OMA, who has also designed the iconic CCTV tower of Beijing.
Actually, this project shows the developers self-reliance in Thailand’s future. This project will also lend a hand in raising the Bangkok’s image worldwide. This project will also boost the long term strength of the Thai financial system.
This project covers an area of around 9 rai between Silom road and Sathorn road, the total area of the development is nearly 150,000square meter, consisting of more than 200 housing units, 150 hotel rooms, and nearly 10,000 square meter of retail space.
As per the owner of Fishman Group, PACE Development has well-built shareholder assistance, exceptional managing skills and an established track record. The really exclusive site and excellent design team is the main reason for which they choose MahaNakhon as the first investment project in Thailand property market and Asian property markets.
The higher end of property purchasers and investors has a propensity to make purchasing decisions based on the guarantee of quality, services, locality and wonderful design. The building will be the most comfortable property in the city, and will carry better lasting value through the renowned service of The Ritz-Carlton, who are the world leaders in hotel-branded housing units.
The construction of this project is planned to begin the second last quarter of 2009 and likely to be finished in 2012.
The MahaNakhon project is located near the Chongnonsi BTS station. This project will consist of around 200 elite housing units and a high end boutique hotel named as “The Edition Bangkok” and a fashionable retail centre. This project will be designed by the famous designer OMA, who has also designed the iconic CCTV tower of Beijing.
Actually, this project shows the developers self-reliance in Thailand’s future. This project will also lend a hand in raising the Bangkok’s image worldwide. This project will also boost the long term strength of the Thai financial system.
This project covers an area of around 9 rai between Silom road and Sathorn road, the total area of the development is nearly 150,000square meter, consisting of more than 200 housing units, 150 hotel rooms, and nearly 10,000 square meter of retail space.
As per the owner of Fishman Group, PACE Development has well-built shareholder assistance, exceptional managing skills and an established track record. The really exclusive site and excellent design team is the main reason for which they choose MahaNakhon as the first investment project in Thailand property market and Asian property markets.
The higher end of property purchasers and investors has a propensity to make purchasing decisions based on the guarantee of quality, services, locality and wonderful design. The building will be the most comfortable property in the city, and will carry better lasting value through the renowned service of The Ritz-Carlton, who are the world leaders in hotel-branded housing units.
The construction of this project is planned to begin the second last quarter of 2009 and likely to be finished in 2012.
Labels: Asian property markets, property purchasers, shareholder
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