Luxury apartments in Thailand taking off

Thailand – one of the many South-east Asian countries frequented not only by regional visitors, but also those from countries afar who fancy a spot of sun, great food and even greater shopping. With short-term apartment rental schemes taking off and businesses relocating headquarters regionally, the construction and property markets have seen a boom in the past decade.

Chewathai InterchangePhoto: Chewathai Interchange (photo by TEE Land)

Just a stone’s throw away from the Don Meaung airport, Singapore developer TEE Land is building its first landed property development, Chewarom Residence. The project will have 15 detached and 66 semi-detached houses, and is set to launch in the second or third quarter of this year to prices starting from $194,500 (5 million baht). Though these units are only available to locals due to foreign property ownership rules, this is nevertheless a coup for developers outside of Thailand.

TEE Land also ha a number of other condominium developments in Bangkok and Nonthaburi. One of their most exciting ventures include a 279-unit, 26-storey condominium Chewathai Interchange, which will boast a host of communal facilities such as a sky swimming pool, business centre and 24-hr security. TEE Land’s subsidary, TEE Development, owns 49 per cent of Chewathai.

Hallmark NgamwongwanPhoto: Hallmark Ngamwongwang (photo by TEE Land)

Another 560-unit condominium, Chewathai Petchkasem 27 has a freehold status and will be made available to foreign buyers by September starting from 1.5 million for a 40 sq metre unit. Situated opposite Siam University near Bang Wa BTS station, it will be ready by 2018 and can easily to rented out.