{"id":19570,"date":"2016-07-13T12:18:08","date_gmt":"2016-07-13T05:18:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/finishing-touches-on-bangkoks-tallest-superluxury-tower\/"},"modified":"2016-07-13T12:19:41","modified_gmt":"2016-07-13T05:19:41","slug":"finishing-touches-on-bangkoks-tallest-superluxury-tower","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finishing-touches-on-bangkoks-tallest-superluxury-tower\/","title":{"rendered":"Finishing touches on Bangkok\u2019s tallest superluxury tower"},"content":{"rendered":"


\nResidents are expected to move in this Q3 2016
\nImage credit: MahaNakhon on Facebook
\nThe finishing touches are being put in place at the 77-story MahaNakhon tower, Bangkok\u2019s tallest building, and the first residents will start moving in throughout September. In addition to the 209 Ritz-Carlton Residences, the development will also feature a five-star Edition Hotel by Marriott International, boutique shops and several restaurants.
\nThe project is the brainchild of Pace Development CEO Sorapoj Techakraisri who told Forbes Asia that he believes that Bangkok is on the verge of a metamorphosis despite Thailand\u2019s struggling economy. His vision for Bangkok is that as a hub for the Mekong region of Southeast Asia that brings in affluent expatriates who will require luxurious amenities.
\n\u201cIt\u2019s almost like a new market coming out,\u201d Sorapoj told Forbes Asia. \u201cWealthier people have more to spend, and they are willing to spend. That\u2019s what we see.\u201d
\nMahaNakhon is just one project being built by Pace that will cater to this predicted new class of expats. MahaSamutr, a country club and villa development in Hua Hin, offers an impressive number of upscale amenities including a state-of-the-art\u00a0crystal lagoon. These projects have helped usher in the era of superluxury in Bangkok.
\nMore: 6 places that prove Sathorn is Bangkok\u2019s chicest CBD
\n\u201cBefore these projects, this level of superluxury did not exist in Thailand. Now it does.\u201d Andrew Gulbrandson, head of research and consulting at Jones Lang LaSalle, explained. \u201cNo other developer had shot that high before.\u201d
\nPace\u2019s MahaNakon has inspired the superluxury segment in Bangkok with several Thai developers including Four Seasons, Sansiri, Mandarin Oriental and St. Regis entering this segment of the property market. Property agents told Forbes Asia that as many as 2,400 superluxury units could come online in Bangkok by 2019.
\nHowever, it is not just expats who are attracted to these units. Aliwassa Pathnadabutr, managing director at CBRE Thailand, stated that most buyers happen to be locals. Thailand\u2019s younger generation is attracted to new freehold condos with two or three bedrooms as opposed to the larger housing complexes they grew up in.
\nThis article originally appeared on DDproperty.com on 13 July 2016.
\n
\nSource : property-report.com
\nRead more…Finishing touches on Bangkok\u2019s tallest superluxury tower<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Residents are expected to move in this Q3 2016 Image credit: MahaNakhon on Facebook The...<\/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-19570","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\/p75ss1-55E","jetpack-related-posts":[{"id":24358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/last-nights-majestic-mahanakhon-light-show-was-a-hit\/","url_meta":{"origin":19570,"position":0},"title":"Last night\u2019s majestic MahaNakhon light show was a hit","date":"August 30, 2016","format":false,"excerpt":"\r Monday\u2019s event celebrating the MahaNakorn\u2019s completion went off with a bang Image credit: MahaNakon on Facebook Last night, all eyes were on the MahaNakhon skyscraper in Bangkok for \u2018MahaNakhon Bangkok Rising: The Night of Lights.\u2019 Property Report was lucky enough to be invited to witness the event from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24709,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mahanakhon-accused-of-breaching-thai-law\/","url_meta":{"origin":19570,"position":1},"title":"MahaNakhon accused of breaching Thai law","date":"September 2, 2016","format":false,"excerpt":"\r Bangkok\u2019s tallest tower is at the centre of a row over Thai labor laws At 314 metres, MahaNakorn is Thailand\u2019s tallest building. weerasak saeku\/Shutterstock_ Following the success of Monday evenings lights show, Thailand\u2019s tallest building, MahaNakhon is facing conflict over claims it breached Thai labour laws. The complaint regards\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkoks-mahanakhon-tower-recieves-huge-cash-injection-from-the-us\/","url_meta":{"origin":19570,"position":2},"title":"Bangkok\u2019s MahaNakhon Tower recieves huge cash injection from the US","date":"January 16, 2017","format":false,"excerpt":"\r A milestone for Thai real estate MahaNakhon is Thailand\u2019s tallest tower. Image: JADEZMITH \/ Shutterstock Pace Development entered into an agreement with alternative investment management firm Apollo Global Management for a stake in MahaNakhon. The US-based company will invest approximately THB 8.4 billion (USD 235 million) in Thailand\u2019s tallest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-luxury-developers-seek-outside-investments\/","url_meta":{"origin":19570,"position":3},"title":"Thailand\u2019s luxury developers seek outside investments","date":"August 19, 2016","format":false,"excerpt":"\r Thai developers are hitting the road to showcase luxury condo developments Bangkok\u2019s skyline with the structurally impressive MahaNakhon Tower. Image credit: MJ Prototype\/Shutterstock Faced with a flagging market, Thai luxury condo developers are striking out abroad to showcase their projects. 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Many embassies are headquartered\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-places-that-prove-sathorn-has-transformed-from-cbd-to-cosmopolitan-hub\/","url_meta":{"origin":19570,"position":5},"title":"6 places that prove Sathorn has transformed from CBD to cosmopolitan hub","date":"May 17, 2016","format":false,"excerpt":"\r Once a soulless sea of glass and steel, this well-located corner of central Bangkok now offers culture, fine dining and classy drinking spots Stretching from Lumpini Park south to the Chao Phraya River, Sathorn has long been regarded as one of Bangkok\u2019s most prestigious addresses. 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