{"id":14908,"date":"2016-05-31T10:48:35","date_gmt":"2016-05-31T03:48:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-paper-giant-to-enter-luxury-property-market\/"},"modified":"2016-05-31T10:48:53","modified_gmt":"2016-05-31T03:48:53","slug":"thai-paper-giant-to-enter-luxury-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-paper-giant-to-enter-luxury-property-market\/","title":{"rendered":"Thai paper giant to enter luxury property market"},"content":{"rendered":"


\nAn outside-the-box company has decided to enter Bangkok\u2019s resilient luxury condominium market
\nCraft Ploenchit
\nCraft paper maker Panjapol Fibre Container has announced plans to launch a high-end condominium project in Phloenchit worth THB1 billion (USD27.99 million), to be undertaken by its real estate arm\u00a0Panjapol Property, a\u00a0company founded in 2014 when Panjapol Fibre Container acquired the land on Phloenchit.
\nChotivit Tejavibulya, managing director of Panjapol Property, told media that the company is entering property development because demand in the high-end condos remains strong even with Thailand\u2019s economy struggling. It was also noted that this represents a new opportunity for the business which has had success in other markets.
\n\u201cWe will apply experiences from housing development in the high-end market of Singapore\u2019s Sentosa to develop a residential project in Bangkok,\u201d Chotivit explained. \u201cWe will focus on the high-end market and the central business district area.\u201d
\nPrices in the Ploenchit area have increased dramatically in the past few years. Prices are now THB2 million (USD56,000) per square wah, up from the THB1.5 million (USD42,000) level they were at earlier in the decade.
\nMore: Did the Thai stimulus package work?\u00a0
\nCraft Ploenchit will be the company\u2019s first project. The eight-story condo will be constructed on a 387 square wah plot of land on Soi Nai Lert. There will be a total of 90 units and prices will start at THB200,000 (USD5,600) per sqm.
\nThe company\u2019s property business also has two office towers for rent: United Center on Silom Road and the Esso building on Rama IV Road. Panjapol Property has a number of shophouses for rent in Bangkok as well and currently has four properties in Singapore and Hong Kong.
\nThe company\u2019s property business also has two office towers for rent. These are the United Center on Silom Road and the Esso building on Rama IV Road. Panjapol Property has a number of shophouses for rent in Bangkok as well and currently has four properties in Singapore and Hong Kong.
\nHowever, paper is where the company made its name. Panjapol Fibre Container is one of the biggest paper makers in Thailand boasting a production capacity of more than one million tonnes each year. The money the paper company made allowed them to create the real estate subsidiary and buy the valuable land in Bangkok\u2019s central business district.
\nThis article originally appeared in DDproperty.com\u00a0on 27 May 2016.
\n
\nSource : property-report.com
\nRead more…Thai paper giant to enter luxury property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An outside-the-box company has decided to enter Bangkok\u2019s resilient luxury condominium market Craft Ploenchit Craft...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14908","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Ss","jetpack-related-posts":[{"id":110315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condominium-at-nassim-road-up-for-en-bloc-sale\/","url_meta":{"origin":14908,"position":0},"title":"Freehold condominium at Nassim Road up for en bloc sale","date":"August 29, 2019","format":false,"excerpt":"\r The four-storey condominium was completed in 2008, featuring two- and three-bedroom units as well as penthouses that range from 115 sq m to 343 sq m. 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