A new Grade A apartment has just been unveiled in the prime location of Sukhumvit 31, Bangkok and it is targeting Japanese expats who are working in downtown Bangkok. The single-ownership residential apartment called Avora 31 was launched by Baan DSC Co., Ltd. This was reported by CBRE, an internationally-known, multi-awarded property consultancy firm. CBRE is the marketing consultant, property manager, and sole leasing agent of this new apartment. CBRE has been chosen by the developer in 2013 to ensure that the delivery of services is up to a high, world-class standard.

 

Luxury Living at Its Finest

Avora 31 consists of 51 apartment units for rent. Since the apartment building has only 7 storeys, it was designed to have high ceilings. Each unit boasts of a great, functional layout, modern décor, pleasant interior, and complete furnishings as well as appliances. Tenants can enjoy the comfort of its facilities which include a fitness center, swimming pool, sauna, Shuttle tuktuk, direct telephone line, and ample parking spaces. The apartment also uses a key-card system and has 24-hour security guard service. High quality services at the apartment are being managed by CB Richard Ellis. All of these are meant to provide a truly grade A residential experience so that foreigners can enjoy their stay while working or doing business in Bangkok.

 

Convenience Redefined

Mr. Theerathorn Prapunpong, CBRE Thailand’s Director and Head of the Residential Leasing segment, says that the Sukhumvit 31 is well suited for Japanese nationals. The area’s proximity to shopping centers, supermarkets, Japanese restaurants, and the BTS station in Phrom Phong allows for a comfortable and convenient way of living, something that the Japanese are accustomed to given the unparalleled sophistication of their technology back in their home country.

 

Great Value for the Money

The Avora 31 apartment offers a range of choices.  It has 1-bedroom, 2-bedroom, and 3-bedroom units. The 1-bedroom units at Avora 31 measures about 55 to 66 square meters and the rental fee is from 38,000 to 45,000 Thai baht per month. Their 2-bedroom apartment units measure 120 to 125 square meters. The monthly rental fee ranges from 68,000 to 78,000 baht. The largest one, the 3-bedroom unit, occupies 170 square meters; its monthly rental fee is from 90,000 to 94,000 baht per month.

 

Currently, there are about 8,500 apartment units consisting of grade A and B properties situated between Sukhumvit 1 to 65 and Sukhumvit 2 to 44 based on the latest survey conducted by CBRE Research unit. About 250 new units are due for completion in 2013. This area is popular and highly marketable, with its apartment occupancy rate of 91.4 percent. Because there is a limited supply of new apartments within the downtown areas, officials at CBRE like Mr. Theerathorn Prapunpong are confident that the new Avora 31 will soon achieve full occupancy. With the launching of new projects like the Avora 31, a number of new high-end Bangkok condos, and new projects currently underway in the suburbs, Thailand’s real estate sector continues to thrive in 2013.