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PM Group Bangkok Condo Boost!

By on Apr 27, 2016 in Property News, Residential

Bangkok office leasing, Gaysorn Tower

PM Group  is planning to launch 2 residential projects worth around 2 billion baht.  Chief Operating Officer Ausana Mahagitsiri said the projects the company planned to develop each year would be likely to be medium to small condos in prime locations such as the Sukhumvit or Phloenchit areas. “We will avoid competition with big developers but will seek potential room in a market where demand is strong. There are small plots of land away from main roads in prime locations where a low-rise condo worth around 1 billion baht can be developed,” she said. Further to this she said “We will focus on the middle-end market with affordable prices to target office workers and investors who may be able to have a capital gain or a yield from renting out.”

Early next month they plan to officially launch their new Bangkok condo project, The Nest Sukhumvit 22, worth 1.5 billion baht. It will be located on a 2.5 rai site on Sukhumvit 22 and will have 2, 8 storey towers with a total of 316 units sized from 24 to 56.5 square metres with prices starting at 2.9 million THB.

By the end of 2016 PM Group plans to launch a new low-rise Bangkok condo project on lower Sukhumvit Road.

Source: Bangkok Post 19th April 2016
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