“The Centro Condo Bangsaen” sees strong sales, Future bright with EEC The only condominium project with “dual key” concept in eastern region drives demand
Despite sluggish economy affected by COVID-19, “The Centro Bangsaen”, the only luxury condominium project with “dual key” concept in the eastern region, one of the two buildings sold out within the first 6 months of release and is expected to close sales for the entire project of 304 units within this year. The overwhelming success is credited to its unique concept and the high potential of the Eastern Economic Corridor (EEC) growth.
Mr. Chakrapan Bampenkiatkul, Chief Operating Officer, Venture Global Holding Co., Ltd. (VGH) said that EEC development has made significant progress. According to the EEC Policy Committee, the number of promotion applications for investment projects in EEC area from January-November 2020 was 387 projects with a total investment value of 128 billion baht, or approximately half of the total investment in the country. This included foreign investment of 76 billion baht, mostly in electrical appliances, electronics, automotive and petrochemical industries. The positive investment trend has contributed to the growing economic activities in the region. The property and real estate sector have also benefited from this trend and saw continuous expansion.
“Despite the COVID-19 outbreak, economic activities have continued strong. With high demand in the market, the Centro Condo Bangsaen Project Building B has been sold out. Building A is already opened for reservation. We are strongly confident that by the end of this year, the total 304 units in the entire project will be sold out,” said Chakrapan.
A major factor for this success is its strategic location in the Bangsaen city center, where there are many offices and businesses are located. Demand for accommodation is, therefore, very high. Property rental is a rising star business in this area.
The Centro Condo Bangsaen, is the first condominium project in the East offering luxury living experience. The Dual Key Concept, under which two units are combined in one but with separated function. People in each unit cannot walk across to the other without the key. This concept has been very successful in many countries, especially Singapore and Hong Kong.
This type of accommodation best addresses the unique demand of large family, those who wish to let the condominium for rent, and those who need an accommodation close to their work.