Rebecca Foster | Jan 31, 2013 | Comments 0
The Stable is tipped to be Bangkok?s most expensive condo development
A Ralph Lauren-branded development is predicted to be the priciest condominium project in Thailand, reported OPP Connect.
Thai property developer Sansiri plan to launch The Stable on a two-acre site at Wireless Road, Bangkok.
One property blog suggests the property could be worth THB5000 million (US$167 million) and will be targeted at wealthy Thai and foreign buyers.
Sansiri is alleged to have paid THB375,000 (US$12,500) per square metre for the site when it was purchased in March 2010. The land formerly housed the Spanish Embassy.
The Stable will comprise two to four-bedroom units, measuring 120-450 square metres, according to DD Property, a subsidiary of PropertyGuru.
There are also plans to include a 900 square metre penthouse.
?The Sansiri development on Wireless Road will also be Asia?s first Ralph Lauren-branded residence. The developer paid a record price for the land plot back in March 2010,? said Andrew Batt, international group editor of PropertyGuru.
In Bangkok?s condominium sector luxury sales have been few and far between, added Batt, with local buyers dominating 2012?s market.
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Filed Under: News ? News by Country ? Thailand
Source: http://www.property-report.com/bangkoks-ralph-lauren-condos-may-fetch-record-prices-27814
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