Bangkok’s river is attracting more attention than ever before.
An eye-watering new record has been set for Bangkok’s condominium market. THB 620,000 per square metre has been achieved by a penthouse at The Residences at the Mandarin Oriental. This is an increase of THB 560,00 square metres that was anticipated when the project was announced.
Situated on the banks of the Chao Phraya, River of Kings, this sale affirms the strength of Bangkok’s luxury market. Additionally it reinforces the thirst to live on the river as more developments are focused in on this area.
Throughout the rest of the project the average values is at THB 380,000 per square metre. However penthouses always warrant the biggest price tag due to the space, view and status that they come with.
Developed by ICONSIAM, the bar has been raised for super luxury properties in Thailand’s buzzing metropolis. Drawing attention both locally and internationally namely in Hong Kong and London, the ethos at the Mandarin Oriental is to provide an exceptionally high standard as reflected by the brand. From the construction, design, to the service. All of the 146 units enjoy river rivers. They are generously sized starting at 130 square metres rising to 230 with the penthouses ranging from 380 to 710 square metres.
The services resemble that offered at the five-star hotel. They include a host of Mandarin Oriental trained staff on hand to assist with maintenance, housekeeping, valet and concierge services. Access to the project’s sky lounge and private dining, golf simulator, virtual game room, numerous terraces and sports facilities.
The developer has revealed that 60 percent of the units have already been sold. Citing the combination of the location and services on offer for its success. Due to be completed at the end of 2018, so far the building is nearly a third complete.
