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Bangkok Condo – Fragrant Plans Condos, Hotels

Condo developer Fragrant Property Co plans to launch at least two new residential projects worth a combined 10 billion baht while diversifying into hotels in Bangkok next year. The company also wants to invest in Yangon and London property over the next three years.  Senior vice-president Thepparit Thipchatchawanwong said expansion abroad would come after the company completes its initial public offering (IPO) scheduled for next year.

In Bangkok, one of the two projects being launched next year will be on about 10 rai near Sukhumvit Soi 38 where it will develop a condo and hotel.  After aggressive business expansion, Fragrant expects to record 6 billion baht in presales next year, doubling the total expected this year.  Fragrant will next month launch condo project Circle Rein Sukhumvit 12 worth 900 million baht on a one-rai site on Sukhumvit Soi 12, 300 metres from the main road and near Asok skytrain station.  It will be an eight-storey building with 122 units sized between 30-155 square metres and priced 150,000 baht per sq m on average.

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