“Myspaceventure” breaks new ground in real estate standard with its first phase

“Sindhorn Residence” that snatches 60% sales during the first half of 2015

“Myspaceventure”, a 56 rai Bangkok’s prime area, is a model residential project by the Crown Property Bureau, which aims to offer communal benefits, high quality residential units for better social standard and among a large garden. This mega project when first launching first phase, “Myspaceventure” on Langsuan Road has been well received by premium customers. More than 60% of its units has already been sold since the beginning of this year.

Mr.Chalalak Bunnag, Director and CEO, along with Mr.Pramote Techasupatkul and Mr.Kajohndet Sangsuban Director of Siam Sindhorn, a subsidiary of the Crown Property Bureau, reveal that “Myspaceventure” has been design to be an example of how to develop the Crown Property Bureau land . With the former tenants in mind ,we set our plan to accommodate and compensate them as much as possible. As for the construction , all the buildings are earthquake resistance system and eco friendly . These key features real estate development

A mixed-use project worth of 260 billion Baht is situated in the area covers between Sindhorn Road towards Soi Tonson, starting from Langsuan soi 1 to Sarasin Road and the embassy’s garden-totaling 56 rais. The project includes two condominiums, serviced apartments, a hotel, an art museum, a health center, a walking street, a supermarket, shops and restaurants to cater various lifestyle. Street vendors will be invited back to resume their business in the newly renovated and organized designated zone.The project is expected to be fully completed in 2019.

“Myspaceventure” is designed with components that enhance living quality of those living in and around the project. With our concerns of urban landscape and common benefits for the surrounding community the project is designed to lessen traffic problem around the area. High quality and innovation is implemented in both the planning and the construction, with the use of A-grade materials and technology according to LEED standard (Leadership in Energy and Environmental Design). Large “super green” space of 14 rais is allocated at the center of the project, allowing the tenants to “live in the park” and benefit from the airy, natural setting. Such attractive features will surely add more value to the property in the future.

The project’s 14-rai is twice the size of open space required by the law. The buildings are constructed to last up to 100 years and can withstand flood, earthquake and other natural disasters. Once the project is completed, Siam Sindhorn will oversee the future maintenance and management to ensure great condition of the project, unlike other projects where management teams are not the same party as the owners.

The residence is filled with many desirable details that ensure top quality. Double-layer walls block noises from neighboring units and increase privacy. The walls are made from high quality fire-proof material. Ventilation pipes of each unit are installed separately to prevent undesirable odor. The project also uses 3-layer glass panels to screen noise and heat from outside. This will also reduce the use of an air-conditioning

The first phase, “Sindhorn Residence”, which was launched to the public in October 2014 is a high-end condominium comprising one 35-storey building and another 10-storey building, totaling 200 units. The units come in1 to 3-bedroom with 35-345 square meter, which is priced approximately 220,000 Baht per square meter. More than 60% has already been sold to mostly Thai tenants.The residence is scheduled to complete at the end of 2016.

Sindhorn Residence is a leasehold project with initial 30 year contract and three times 10-year extendable agreement, which will total 60 years. Managed and maintained by the developer, tenants are ensured of constant care and maintenance of the condominium amid lush garden will also grow big and tall with time, making it a truly valuable asset to enjoy for the rest of one’s life.