Thanks to the extensions of the metro line and Bangsue Central Station mega project, the area north of Bangkok has become a destination of great interest to Salan Development Co., Ltd. under St. John’s Holding Co., Ltd., the owner of the most prime piece of land at the 5-way junction of Lad Phrao. Currently, the time is ripe for the launch of the new phase of Benedict at The Saint Residences, which boasts swimming pool and Chatuchak Park views on 100 rai of land. This phase caters to the heightened demand, with unique selling points such as “The Best Location”, “The Best Views”, and “The Best Pricing” in northern Bangkok’s new CBD area. It also aims to fully align with the needs of buyers, including residents and investors, with full furnishings and prices starting at 4.2 million baht.
Dr. Chainarong Monthienvichienchai, Chairman of Salan Development Co., Ltd., developer of The Saint Residences said, “We enjoyed the successful launch of Charlie Tower last year, backed by the strength of a prime location at the 5-way junction of Phrao, which marks the centre of a new transportation system that is being developed under the Bangsue Complex mega project, spanning 2,325 rai from Bangsue to Paholyothin. It will feature office buildings, hotels, and stores on a construction area of about 2 million square metres. There is also a connection between the BTS Skytrain and the MRT here. This year, the company is ready to launch Benedict Tower, the new phase of the Saint Residences project, affording a new perspective and high-rise views to the Chatuchak Park area. Our meticulous attention to detail will foster a better quality of life for residents. It is ideal for business travellers and investors, both in Thailand and overseas, who seek housing in prime locations with a modern lifestyle and relatively moderate pricing, starting at 4.2 million baht or 137,000 baht per square metre.”
Mr. Phanom Kanjanathiemthao, Managing Director of Knight Frank Thailand Co., Ltd., revealed the strengths of the project and the growth of the Lad Phrao 5-way intersection, saying, “Lad Phrao intersection is a prime area of focus, as well as north Bangkok’s new CBD. It serves as the intersection of the BTS Skytrain and the MRT subway systems, and extends to the north via the Don Muang Tollway. The area is home to Central Lad Phrao shopping complex; the headquarters of the country’s leading conglomerates such as PTT, Energy Complex, Thai Airways and AIS; the head office of Thai Military Bank; and the SEC on Vibhavadi Rangsit Road. A survey has found that more than 50,000 people work in the area, and they are those with great potential.”
Moreover, the government and the State Railway of Thailand are in the process of developing the central station of Bangsue Complex, which includes the development of the State Railway of Thailand’s land from Bangsue to Phaholyothin on 2,325 rai. Divided into two parts, the first part encompasses the Central Bangsue Station area up to Kamphaeng Phet Road. The development plan will include office buildings, retail spaces, and a hotel on a construction area of about 2 million square metres. The second area includes the development of Km. 11, in the area around the PTT building and Energy Complex. The area will become even more of a hub of transportation, as well as one of the greatest concentrations of commercial activities in Bangkok in the future, with hotels, office buildings, a large conference centre, and residences.
Dr. Chainarong added, “The growth of the condominium market in this location is at an average of about 9% annually, which is comparable to the price of Charlie Tower that rose from the opening price of 125,000 to 150,000 baht per square metre, while the deposit rate reduced to 0.125%. This was likely one important reason for the boost in investment among buyers and sellers of real estate. And to celebrate the opening of this new phase, we have designated the pre-sale period to be from 23-29 June 2016 at Central Lad Phrao, with special promotions and prices from 4.2 million baht for furnished units. Bookings at the event receive an extra 100,000 baht discount.”
The Saint Residences project is a 41-story high-rise building that consists of three towers, namely, Anthony, Benedict, and Charlie. There are a total of 1,500 residential units in the three towers. Also, there are 400 square metres of commercial space, and an investment budget of over 5 billion baht. Benedict Tower features a total of 400 units, including one and two bedrooms starting at 30 square metres in size. The prices range from 4.2 to 9 million baht per unit; the complete project also offers Double Facilities, comprising two large swimming pools, fitness room, steam room and sauna, five-star security system, and large green areas. Its location is adjacent to Vibhavadi Rangsit Road of Chatuchak district, with many ways in and out of the project via Vibhavadi Rangsit Road and Lad Phrao sois 2, 4, 6 and 8 near the Din Daeng Expressway. The project has passed the environmental impact assessment (EIA) and construction has been approved to begin. Construction has commenced since mid-last year, and the building is expected to be completed by December 2018.