Major Development unveils “MUNIQ Langsuan”
Major Development unveils “MUNIQ Langsuan”, luxury freehold condominium in prime location from 50.5 square meters per unit, to cater to sophisticated urbanites with reservation dates on 10-11 February 2018
Major Development strengthens its position as developer of luxury real estate with MUNIQ Langsuan, high-rise freehold luxury condominium worth of 4,085 million Baht. The meticulously designed property on premium location in the heart of the city surrounded by urban amenities and Lumpini Park will be open for reservation on 10-11 February 2018.
After the phenomenal success of MUNIQSukhumvit 23, luxury high-rise condominium on the premium Asoke-Sukhumvit location worth of 2,800 million Baht which was launched last year, Major Development, the leader in luxury real estate development, kicks off 2018 with the mega project MUNIQ Langsuan, luxury freehold high-rise property on prime location that can be passed on to the next generation as real estate legacy. Located on strategic and convenient location in Bangkok’s prominent CBD of Langsuan area, the property can be accessed from Sarasin Road, Soi Ton Son and Wittayu Road with easy connection to Ploenchit and Rama 4 express way tolls. Surrounded by ample amenities and facilities such as leading department stores, academic institutions, luxury hotels, hospitals, banks, renowned restaurants, embassies and large mid-city green space like Lumpini Park, MUNIQ Langsuan is designed under the concept, “Live Your Everlasting Romance”, with artistic vision and space efficiency. The first phase of the project will be available for reservation in February.
Dr. Suriya Poolvoralaks, Managing Director of Major Development Public Company Limited, states that, “MUNIQ Langsuan is the premium real estate project that caters to modern urbanites that seek for mid-city housing. The design concept allows for space maximization and timeless aesthetics with the use of top quality materials from world-renowned brands. Langsuan neighborhood is considered Bangkok’s important business district of Bangkok and home to embassies of several different countries. The property is also adjacent to Bangkok’s green lung, Lumpini Park, which is located only 100 meters away. MUNIQ Langsuan is also close to the picturesque Langsuan Village and Medical Center.
“Most real estate developers only offer leasehold properties in this neighborhood as it is the prime location. However, MUNIQ Langsuan is located on the last piece of land for freehold property among other leasehold high-rise condominium. Land price in Langsuan is ranked among Bangkok’s highest at 500,000 square wa (source: Department of Treasury, fiscal year 2016-2019) and increasing on a yearly basis. MUNIQ Langsuan is hence the valuable property to have, either as private residence or as investment.”
MUNIQ Langsuanlocated at the end of Langsuansoi 7 in Soi Ton Son. The property spans on 66.5 rai of land, rendering 166 units on 28 floors. Each unit is spacious and airy with maximized privacy for ideal living and furniture and construction materials from world class brands. MUNIQ Langsuan offers one-bedroom unit (50 – 78qsm), two-bedroom unit (83 – 101sqm), three-bedroom unit (121 – 179sqm) and special type, The Collection, that spans 71 – 254sqm. The luxury common area offers ample facilities and exclusive comfort that include fitness, warm water pool, kid’s pool, sauna, Jacuzzi, sky park, lounge with Private Chef room, EV Chargers, superbike parking space and automatic parking that accommodates 185 cars (or 111% of units) to fully serve tenants’ lifestyle and every need.
The executive continues, “MUNIQ Langsuan targets 30-plus buyers that have become more successful in their career, enjoy modern lifestyle, pays attention to housing status, value privacy and relish city life. The concept of, “Live Your Everlasting Romance”, incorporates art and work-life balance that appeals to discerning individuals that find balance in work, leisure and family life. This group of potential buyers pays attention to details in their housing and looks for projects that reflect their lifestyle.”
Dr. Suriya is confident that MUNIQ Langsuan will secure high reservation rate after the launch, thanks to the improving global economy that helps boost Thailand’s export, clear investment policy from the government and low interest rate. Luxury properties in premium locations are still in high demand of higher-end buyers whose purchase power is still high as second homes. Foreign investors also look to buy condominiums in Bangkok’s prime area as they offer higher capital gain. Despite its location in the heart of Bangkok, MUNIQ Langsuan still maintains the peace and quiet amid green surrounding. Prices start from 12.9 million Baht or 265,000 Baht per square meter. The average price per square meter of MUNIQ Langsuan is at 310,000 Baht. After the launch and pre-sale period in February, MUNIQ Langsuan is expected to have more than 50% reservation.
Ms. AliwassaPattanathanbutr, Managing Director of CBRE (Thailand) adds that, “The current condominium market is backed by many positive factors that allows for 10% (12,000-15,000 units) increase in supply for mid-town properties compared to last year’s 12,000-unit increase. Langsuan is a highly attractive area as it will become Bangkok’s new center. The city’s landmarks are shifting and the central area will move to Langsuan and around Lumpini Park. The area is already filled with condominiums and mixed-use projects along the main streets, surrounded by embassies, hotels, office buildings and connected to BTS. As the economy is on the rise this year, considering the positive GDP, real estate business sees promising near future as foreign investors and tourists continue to pay attention to Bangkok’s mid-town properties.”
MUNIQ Langsuan will be constructed mid-2018 and is expected to complete in 2021. For more information, visit MJD.TH/MUNIQ or call 1266.