Hyde Park Garden blooms early: Koon Estate & AISL accelerate luxurious dwelling

In response to overwhelming demand, Koon Estate, a property developer, and Asia International School Limited (AISL), which operates Harrow International Schools in Asia, have determined to expedite the second section of their luxury housing venture, Hyde Park Garden.
Nuttawat Kuvijitsuwan, Koon Estate’s govt director, revealed that planning for the model new part has commenced earlier than initially planned, driven by the spectacular gross sales efficiency of the first section.
“Within six months from our launch in March 2023, we bought 32 items, which accounts for 50% of the primary part. “We anticipate that the remaining 50% shall be sold by the top of the year.”

Nuttawat defined that virtually all of the home consumers are mother and father with youngsters attending Harrow International School. These mother and father see the houses as optimum second properties due to their convenient proximity to the college.
New families aiming to enroll their newborns in the college and Thais who’ve returned from abroad and plan to ascertain families in Thailand are the primary patrons of these properties as major residences.
“About 20% of those consumers are pure investors, intending to lease the items to folks whose kids are learning on the college and stay far-off. These homes can yield monthly rents ranging from one hundred twenty,000 to a hundred and fifty,000 baht.”

Hyde Park Garden

Hyde Park Garden, an ultra-luxury indifferent single-house challenge valued at 6.5 billion baht, will occupy a 52-rai plot adjacent to Harrow International School Bangkok in the Don Mueang space. Both the plot and the school are owned by AISL. The challenge, which features a direct gate to the school, might be executed in two phases, reported Bangkok Post.
Best selling , which spans 25 rai, comprises 61 items, with 32 items already bought. The remaining models from part one will be launched on October 6, with prices ranging from 38 million to 81 million baht for plots sized between 73 and 166 sq. ft.
Nuttawat disclosed that the brand new part will be situated on the remaining plot subsequent to the primary section. Prices for the second part will be 5-10% greater than the primary section as a end result of growing building prices.
Charnwit Pasuwat, head of design improvement at property consultancy CBRE Thailand, noted that Bangkok’s northern zone, specifically the Don Mueang area, has potential as a result of its well-developed infrastructure, transport hyperlinks, and proximity to the airport.
“With these factors, land appraisal costs on this area rose by 25% to one hundred fifty,000 baht per sq wah (one wah equals 2 metres) within the newest appraisal cycle for the years 2023-2026, in comparison with a hundred and twenty,000 baht within the earlier cycle. In contrast, the common enhance in Bangkok was a mere 2.8%.”

Follow extra of The Thaiger’s latest tales on our new Facebook page HERE..

Leave a Comment