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CPB extends B26bn to Langsuan project

2015-01-09_100819The Crown Property Bureau (CPB) will extend 26 billion baht to subsidiary Siam Sindhorn Co to develop Langsuan Village, a large mixed-use residential project on Lang Suan Road. Chalaluck Bunnag, chief executive of Siam Sindhorn Co, said the project, which will be the first development project handled by the company, will not require a project loan as the bureau is ready to fully finance it.

Langsuan Village will be located on a 52-rai plot and a four-rai site on Lang Suan Road. There will be 3 condo projects for long-term lease, 3 condo and serviced apartment buildings for short term lease, a hotel with serviced apartments, an art museum, medical centre and a retail outlets. The plan is to complete between 2016 and 2019.

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