Thailand’s Major branches out into mixed-use development

Thailand high-end condominium developer Major Development has launched Equinox Phahol-Vibha, its first mixed-use project worth THB4 billion (US$127.1 million).

Having previously focused its attentions solely on luxury condos, the company’s President and Chief Executive Officer Suriyon Poolvoralaks said the company has shifted its attentions to the mixed-use project as it sees growing demand for this concept.

“We have been developing residential condominiums for several years, so we understand the lifestyle of people who stay in the condo. They long for convenience and they want everything to be around their residence. That’s why we introduced this concept where we have everything built on one site”.

Located near Ladprao intersection on Vibhavadi Road in Bangkok, the new development will comprise of 490 freehold condominium units, a community mall and Grade A office spaces.

The 42-storey residential development will occupy a 6.5-rai plot of land, and feature one-bedroom units (30 sqm), two-bedroom units (60 sqm) and duplex penthouses (248 sqm). It will also boast unique design inspired by New York Art Deco. Residents will also benefit from a direct greenery view of the 190-rai Chatuchak Park.

The starting price per unit ranges from THB2.4 to THB20 million (US$76,263 to US$635,525) or roughly THB 82,000 (US$2,605) per sqm . Construction will start in 2011 and completion is expected in 2013.