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Q Langsuan Offers Unique Freehold Investment Opportunity in the Heart of Bangkok’s CBD

By on Jul 08, 2013 in Residential

Quality House PCL, Thailand’s fifth largest property developer is pleased to annoQ Langsuan - Ready to move inunce the launch of its’ luxury freehold condominium project, Q Langsuan in Hong Kong. Strategically located in the heart of Bangkok on Langsuan main road, one of Bangkok’s most prestigious addresses, Q Langsuan comprises 177 two to four-bedroom units set in a 36-storey high-rise overlooking the city’s skyline. Meticulously designed to offer spaciously laid out units with high-ceilings with an extensive range of facilities, Q Langsuan has proved to be the ideal urban home for end-users as well as buy-to-let investors since the project completion in 2011.

The Central Lumpini area which includes areas surrounding the Lumpini Park such as Wireless Road, Langsuan and Rajdamri is considered Bangkok’s most prime downtown area and the most sought after location by property investors. With a range of amenities including five-star hotels such as the Four Seasons, Grand Hyatt, St. Regis and InterContinental within 10 minutes, proximity to the city’s leading retail centres including Central Chidlom, Central World and Siam Paragon and restaurants, supermarkets, hospital, as well as easy access to the business districts of Silom and Sathorn, Central Lumpini is undeniable Bangkok’s best address. Q Langsuan not only enjoys a prime location within this locale, but also offers close proximity to the Chidlom and Rajdamri BTS sky train stations.

With extremely limited freehold development sites available in this location, Q Langsuan offers a rare opportunity to purchase on a freehold title and well below market prices of comparable new launch developments. New launch developments selling off-plan today typically incur a higher land and development cost which then drives up property prices further.

According to CBRE Thailand, one of the most recent land transactions in Central Lumpini achieved a record price of THB 1.5 million per sq.wah (HK$ 9,179 per sq.ft). Whilst selected leasehold land plots remain available, there are limited transactions of freehold development land due to its scarcity. Prices of off-plan freehold condominiums in this area has also achieved in excess of THB 300,000 per sq.m. (HK$ 7,337 per sq.ft), while Q Langsuan prices currently average THB 215,000 per sq.m.(HK$ 5,258 per sq.ft), offering value for money for a completed freehold property and the opportunity for investors to lock-in at old market prices.

Central Lumpini also remains one of the most sought after areas for expatriate rentals given the convenience and proximity to various amenities. Recent transactions from CBRE Thailand’s Residential Leasing team in 2012 to 2013 indicate that the average rental rate achieved for the area is THB 762  per sq.m. per month (HK$ 17.7 per sq.ft. per month). Q Langsuan is amongst the top performing buildings, achieving a record rent of THB 1,100 per sq.m. per month (HK$ 25.5 per sq.ft. per month) in a recent transaction, over 40% above the  market average. With a combination of a sought after location by investors and tenants, Q Langsuan is well positioned for further capital appreciation and a sustainable long-term yield.

Amongst Q Langsuan’s unique features is its neo-classical architecture featuring a high-ceiling lobby with an outdoor terrace. Each of the 177 units has been meticulous designed with attention to detail and finished using only the finest materials such as Verona stone flooring and teak wood doors. The units feature 3-metre high ceilings to ensure airiness, an in-home automation system including a master control lightning system for energy saving and enhanced comfort and ensures maximized views over the skyline and Lumpini Park.

Amidst the city’s urban setting, residents can retreat and enjoy a full range of facilities at Q Langsuan including a 22-metre infinity-edged ozone pool and children’s pool, a pool deck, an indoor lawn area, a gym with personal trainer service, a separate male & female changing room with a heated Jacuzzi and sauna, a snooker room, as well as 24-hours security. The extensive facilities offered at Q Langsuan create the ideal home desired by those leading a hectic urban lifestyle.

“We are very excited to be bringing a quality completed project such as Q Langsuan to the Hong Kong market. This will be the first international sales event for the project and given its’ strategic location in the heart of Bangkok, we expect the project to be well received by the local market over the weekend event. Langsuan and Central Lumpini is undoubtedly the most sought after area by investors and the Hong Kong market can easily identify with this location” said Ms. Rebecca Shum, Executive Director, CBRE Hong Kong.

In addition to the typical two and three-bedroom units, Q Langsuan also offers the opportunity to own one of the two Pool Villas which features the utmost privacy and space, set-out over 3,700 sq.ft. The pool villa features its very own 10-metre private infinity edged pool, overlooking breathtaking views of the Bangkok skyline from a high floor.

The sales exhibition for Q Langsuan will be held at Tian & Di Room, 7th Floor, Landmark Mandarin Oriental, 12th to 14th July, 11 AM to 7 PM.

Fully furnished two-bedroom condominiums from HKD 3.95 million

Fully furnished pool villa condominium HKD 24.38 million

For any further information on Q Langsuan, please visit Q Langsuan condominium.

About Q Langsuan

Q Langsuan is a luxury condominium located in Langsuan and enjoys one of the city’s most prime locations near the central business district.  Comprising 177 condominium units, ranging from 2 to 4-bedroom set in a 36-story high-rise, Q Langsuan offers a rare opportunity to own a freehold condominium along the Langsuan main road. The project is surrounded by the city’s leading five-star hotels, retail centres, restaurants, park and hospital, and with close proximity to the BTS sky train stations.

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