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A diamond to shine on Ratchadaphisek

Friday, 04 April 2008

source: The Nation April 1, 2008 Coming up from the subway at Ratchadaphisek Station, one can see the Diamond Ratchada condominium project, which has three buildings worth a combined Bt2 billion. Property developer Diamond Ratchada, a subsidiary of Ch Chaiyaphatra Construction, developed the three condo buildings. These include Building A, with 432 units worth Bt1.4 billion; Building B, with 136 units worth Bt359 million; and Building C, with 119 units worth Bt308 million. Ninety per cent of Building A has been sold, while half the units in Building B and Building C have been sold. Prices for units in Building A start at Bt79,000 per square metre, Bt58,000 in Building B and Bt65,000 in Building C. The project has studio and one- and two-bedroom units. The developer has applied for an environmental-impact-assessment (EIA) licence. However, if the project is not granted a licence, the company will refund all of the money already paid by a customer, said Pattira Chaiyapatranum, a company official. She said the selling point of the project was the location - close to mass transit - and facilities like a designated green area and a fitness centre. The company is constructing the project under Article 39 (2) of the Building Act and expects Buildings B and C to be completed next year, while Building A will be finished in 2010.

 

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