Fynn Development, Thailand’s leading property developer, taps into premium niche market to welcome the new year, pleasing urban nature lovers with features for 360-degree lifestyle in a right location at prices worth buying. The company will launch FYNN Asoke Sukhumvit 10, a modern tropical low-rise condominium on a large prime plot in the middle of Asoke surrounded with a public park and facilities for a perfect mix of urban and slow lifestyle. All units are be furnished and ready to move in at a starting price of only 185,000 Baht per square meter.

Mr. Pongsethorn Jom Salakshana, CEO of Fynn Development Co., Ltd., announces 2019 business plan with new property development after a success in launching 2 low-rise condominiums under the brand ‘FYNN’. The company highlights a new project, FYNN Asoke, worth over 1,800 Million Baht. It comprises affordable luxury, twin towers on a prime land plot sized nearly 2 rai on Sukhumvit Soi 10, 550 meters from Asoke BTS Station, together with an over-60-year-old giant rain tree shading beautifully in the middle of the project. It is right for an urban lifestyle, not only fully-equipped with facilities but also meeting the needs of those wanting to stay closer to the nature and concerned about health. Those loving outdoor workouts can walk or cycling to Benjakitti Park as it is only 200 meters away and its walking trail around the lake is under development to become Benjakitti Forest Park, the largest forest park in the middle of Bangkok sized 450 rai. Selling price starts only at 4.5 Million Baht with 6 unit types to choose. The company expects the project will gain a great attention and will close sales within the first half of the year.

For the company’s first two projects, ‘FYNN Aree’ worth over 350 Million Baht closed sales and transferred all units to customers while ‘FYNN Sukhumvit 31’ worth more than 800 Million Baht is over 90% sold and under construction which is expected to complete and have units transferred within the fourth quarter this year.

The company also plans to develop additional property projects worth a combined over 4,000 Million Baht which will be hospitality, low rise and high rise condominiums.

Mr. Phaithaya Banchakitikun, Partner of Atom Design Co., the lead designer of FYNN Asoke, says that the project is designed in a modern tropical concept to rejuvenate a well-balanced life in the heart of the city by linking one of the most crowded central business district locations with the shadiness of the nature. The design inspiration of FYNN Asoke is like an oasis of the serenity in the middle of the bustling CBD with the buildings’ outstanding

curves and arches which match with a garden view at every unit. The buildings are built around the giant rain tree aged over 60 years old remarkably sprawling with shades and creating an impressive blend with green spaces.

FYNN Asoke is a low-rise condominium project, comprising 2 eight-storey towers with a total of 263 units. Building A houses 144 units and Building B contains 119 units. The project thoroughly selects quality materials and provides all-inclusive facilities inside and outside the buildings such as living room, co-working space, fitness room, bike simulator room, yoga room, theatre room, pavillion, 25-meter swimming pool, kids pool and cave simulator. The highlights are facilities on the deck sized more than 1,000 sqm including exercise garden and trail, vegetable plot, sunset balcony, forest lounge, outdoor kitchen and barbecue grill. There are 6 unit types: 1 bedroom unit sized 24-49 sqm; 1 bedroom plus unit sized 40-62 sqm; 2 bedroom 1 bathroom unit sized 48-57 sqm; 2 bedroom 2 bathroom unit sized 46-68 sqm; 3 bedroom unit sized 104 sqm; and duplex sized 120 sqm. Price starts at 4.5 Million Baht.

Ms. Aliwassa Pathnadabutr, Managing Director, CBRE Thailand Co., Ltd., says that condominium market outlook in Sukhumvit and other CBD zones in late last year compared with 2019 will continue seeing Sukhumvit as a popular location for both own and rental residences since proximity to BTS stations. Price of condominium in Sukhumvit area has been sharply increasing with many projects’ price starting at 250,000 Baht per sqm. However, there are many new projects around Sukhumvit particularly in Phrom Phong and Thonglor. Therefore, the customer should well select other prime location with lower supply and value-to-money price package for purchasing.

For up-and-coming residential development in 2019, single home and townhome around connecting areas will gain more interest since land’s price in the heart of Bangkok is too high to acquire, resulting in many super luxury and branded residence which has tremendously high price per sqm. For 2019, location, package price and product development are very important and developer needs to carefully apply for urban living’s need. Low-rise condominium, then, becomes another option for those looking for living in the city, but more affordable price. At the same time, land price still increases continuously. And we are expecting to witness a new high land price up to 3 Million Baht per sq.wa in central Lumpini since lower freehold land plot.

Consumers will consider purchasing a condominium not only for own residence but also for investment. At present, consumer focuses more on capital gain comparing to the past. Consumers tend to consider a project which is both good for own residence and has more opportunity for rental and selling along with yield. While developer needs to shift to lifestyle product and more focus on its unique selling points to meet needs of consumer.

FYNN Asoke will have an official launch (presales) on 19-20 January at the sales office with show units on Sukhumvit Soi 10. Promotion will be a fully-furnished package with discount up to 300,000 Baht. Those interested can visit the website www.fynnasoke.com or contact 092-201-9999 for further information.