The Residences at Mandarin Oriental, Bangkok enjoys superb first quarter with more than 40% sales and EIA approval achieved

Real Estate Press Releases Thursday May 12, 2016 14:22
Bangkok--12 May--Vivaldi PR

The Residences at Mandarin Oriental, Bangkok, the first Mandarin Oriental branded residences in South-east Asia, has achieved EIA approval as unit sales surpass 40% in a very successful first quarter of 2016. ICONSIAM Superlux Residence Co. Ltd., has a target to achieve 50% unit sales by the end of the year, and is now well on course to do so. The company is also pleased to see its construction work completing in sidestep to its initial schedule, thanks to the achievement of early EIA approval and strong efforts in the early construction phase.

Thanawan Chaiwatana, Managing Director of The ICONSIAM Superlux Residence Co. Ltd., commented on the early successes: "The Residences at Mandarin Oriental, Bangkok offers buyers a unique lifestyle with the best of both worlds; the comforts of a private home combined with the unsurpassed amenities and legendary service of Mandarin Oriental. With the achievement of EIA approval, our customers can be further assured of the exceptional quality of the development, our swift construction progress, and of future gains to the capital value of their investment. We are delighted with the successful achievement of more than 40% unit sales so far, represented mainly by Thai customers. This is in line with our early expectations of a 70-30 split between Thai and foreign buyers."

The Residences at Mandarin Oriental, Bangkok, consists of 146 luxurious waterfront residences ranging in size from 130 to 230 sqm and penthouses from 380 to 710 sqm. The property connects investors to the very best the region has to offer in terms of luxury, hospitality, design, materials, quality, style and technology - with an evocatively Thai aesthetic.

The Residences at Mandarin Oriental, Bangkok is situated within the forthcoming ICONSIAM mega development which will house two of the world's most glamorous retail complexes, namely ICONSIAM (Main Retail & Entertainment) and ICONLUXE (Luxury Wing) and will connect directly to the new BTS Gold Line which will provide owners with immediate access to all of the retail and entertainment attractions of ICONSIAM, as well as VIP privileges at many of its stores.

The overall form of The Residences at Mandarin Oriental, Bangkok, its structural elegance and impression of absolute Southeast Asian modern luxury was inspired by a journey by boat along the Chao Phraya River. Housed within the building and throughout its expansive seat on the riverbank are a comprehensive suite of technologies and design philosophies that create a cutting-edge development of ecological balance and efficiency.

Thanawan concludes, "Throughout 2016, we will focus our energy on marketing promotional activities in order to reach high-end property buyers in Thailand. So far, we have enjoyed strong interest from both buyers in Thailand and from overseas markets. Investor demand for absolute top-end properties in Bangkok is still strong, and this is the finest example available on the market by a massive margin."

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