Singapore-based Pacific Star Group yesterday said that its first freehold residential-cum-retail development in Thonglor, Bangkok's up-and-coming shopping and entertainment street, would be launched in Singapore this weekend.
The group said in a press statement that a select number of residential units in the project, called 8 Thonglor Residences, would be on sale at an exhibition to be held at Swissotel The Stamford's Bras Basah Room from Jan 26-27.The project, located between Sukhumvit Soi 55 and H1 - two bustling areas in the heart of Bangkok, with upmarket malls and trendy shops - is being marketed by DTZ Debenham Tie Leung.
Until recently, Thonglor was an unfashionable side street off Sukhumvit Road, Bangkok's pre-eminent designer district. But the street, once dotted with tacky wedding centres, shabby restaurants and dilapidated car showrooms, has transformed itself into a swanky thoroughfare lined with designer boutiques.
8 Thonglor Residences is a 5,058 sq m mixed-use development comprising a 34-storey apartment tower with a mall spread over three levels housing a mix of food and beverage outlets and other lifestyle stores.
The building was acquired by Pacific Star's 500 million euros (S$1 billion) fund Asian Real Estate Income Fund in November 2006 and redeveloped into a grade A property development.
Its residential component has a total of 196 units of one, two, three-bedroom apartments and penthouse duplexes.
Unit sizes range from 45 to 636 sq m each. Prices for the units have yet to be released.
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