TCC Capital Land’s success story continues

From Property Report Thailand

Bangkok’s demand for high-end living space shows no signs of ebbing, with TCC Capital Land’s recent development- Villa Rachatewi - the latest property to attract massive attention.

With already more than 85% of the project pre-sold at the time PRT went to press, Villa Rachatewi signals another fruitful year for TCC Capital Land.

The development, which sits on a 7,624.4sqm rai) site, is designed along modern architectural lines, with a comprehensive range of recreational facilities.

Mr. Chen Lian Pang, CEO and managing director of TCC Capital Land, said: “Villa Rachatewi is designed to be an oasis amidst the buzz of Bangkok. One of its main design features is the grand articulated open space at the main entrance. This stylish open green area will be adorned with a centrepiece water feature which will shield occupants from external activities to ensure exclusivity and privacy within.”

The project will comprise of a total of 828 units, comprising of 603 condominium units in a 44-storey tower and a 23-storey service apartment wing with 225 units. Prices for the condominium units start from Bt2.8 million for a studio unit. Buyers have a choice of a studio (S), 1-bedroom (M), 1-bedroom duplex (L), 2-bedroom (XL) and 3-bedroom (XXL) layouts with sizes ranging from 39 to 164 sqm. The development, when fully completed, is estimated to be valued at around Bt4 billion.

Mr. Soammaphat Traisorat, Deputy CEO of TCC Capital Land, commented: “Besides its superb central location, other key attractions of this project include the modern and functional design which yield maximum useable space for home owners; high-quality materials and finishes used and a special promotion of 11% discount during the official launch. As the project is already more than 85% pre-sold, we expect to close sales very soon.”

To date, TCC Capital Land has successfully launched four condominium projects. Villa Rachatkhru on Paholyothin Road is 100% sold and handed over to unit owners; the Athenee Residence on Wireless Road; the Empire Place on Narathiwas Road and the Emporio Place on Sukhumvit Soi 24, all with construction well under way. With sales at Villa Rachatewi expected to close very soon, construction should be accelerated to ensure full completion in 2009.