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Noble to launch 4 Bangkok Condo projects

By on Mar 10, 2016 in Property News, Residential

The SET-listed Noble Development Plc is planning to launch 4 new Bangkok condo projects worth in total 12 billion THB.

“Bangkok condos in the luxury segment are attractive to foreign buyers as prices remain lower than in nearby countries while Thailand is a hub for medical and health tourism,” said chief executive Kitti Thanakitamnuay.

In order to attract buyers from abroad Noble will launch Noble BE19, worth 5.9 billion baht . It will be located on Sukhumvit Soi 19, just one station away from Bumrungrad the most noted international hospital. The project is planned to be 2 towers of 48 storeys and 586 units. Prices will start at 180,000 THb per square metre or in other words 6.2 million THB per unit.

“The global economy is unpredictable this year and next,” said Mr Kitti. “Despite these circumstances, we are confident about strong domestic consumption and growth in the real estate sector.”

Source: Bangkok Post, 2nd March 2016
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