Magnolias Ratchadamri Boulevard achieves 40% sales in four months

Bangkok, 8 November 2012 –Magnolias Ratchadamri Boulevard, Ratchadamri’s exquisite skyline addition composed of the highest quality materials and comprising luxury residences and a 5-star hotel, Waldorf Astoria Bangkok, has enjoyed 40% sales completion as at October month end.

In partnership with Kasikorn Bank, Magnolias Ratchadamri Boulevard has been offering special mortgage loans to Thai customers who account for 25.92% of total sales (14.08% have gone to foreign customers). With such a terrific sales performance over the first four months, this exclusive landmark residence is proving that a luxury development in a prime location has great attraction for discerning customers. Many foreign buyers have come from Hong Kong, Singapore, Malaysia, Taiwan, China, and Middle East signifying the large regional recognition this prestigious build enjoys. Sales of 50% are expected in the first quarter of 2013.

 

Thanawan Chaiwatana, Managing Director, Magnolia Finest Corporation, said, “Our sales performance has been very strong since our pre-sale period began in July, stoked by high levels of interest in this unique project; it has proved that this is genuinely the city’s most sought-after address. Clients really like the location of Magnolias Ratchadamri Boulevard and the iconic design of the building. Waldorf Astoria is also one of the key factors why clients have decided to purchase units at Magnolias Ratchadamri Boulevard. 40% of the total sales are to investors, due to this being a high-yield project (with strong increases in valuations expected each year, and the additional potential for high value short and long-term rental income), and buyers consider the location and unit sizing to be suitable for such investment. Conversely, 60% of total sales are to end-users because they realise that we pay intricate attention to every single detail – we build for our customers.”

 

Magnolias Ratchadamri Boulevard has been developed on more than 6 rai of land, comprising 316 units, which range in size from 48 square metres (1-bedroom), average 80 square meters (2-bedroom) to the larger penthouses and duplex penthouses of between 250 to 360 square metres. Magnolias Ratchadamri Boulevard lies in the heart of Bangkok’s business districts, offering simple access to renowned restaurants and world famous malls. There are currently only two penthouse units remaining for sale.

 

To celebrate 40% of total sales achieved, Magnolia Finest Corporation would like to express its appreciation to customers and to the market. In celebration of this, and also for the forthcoming Christmas and New Year period, special promotions are announced:

 

 

 

1. “Make a Wish” at Magnolias Ratchadamri Boulevard: 17-18 November, 10.00 a.m. – 7.00 p.m. Join the Magnolias Sales Gallery on Ratchadamri Road for food & beverages and a special event. Offers include cash discount valued at up to THB 1.4 million, Paragon gift vouchers valued at up to THB 200,000, and credit cards accepted on contract signing for up to 10%. RSVP T. 02-6522111.

 

2. Privilege for Citibank credit card holders:  visit the sales gallery on 24-25 November to take advantage of a special deal on Magnolias Ratchadamri Boulevard, with DISCOUNT of up to 1.4 MB + CASH REBATE up to 700,000B. RSVP T. 02-6522111

 

Magnolias Ratchadamri Boulevard Residences offer luxury features including an exclusive and private club for use by residents only, plus a residential lobby, drop-off area and concierge. Additionally, a curved garden-view library will benefit all residents seeking peace and seclusion, and the Jogging track with slope garden and 70 metres pool with Jacuzzi and kid’s pool will serve those looking to maximise their use of the well-planned outdoor spaces.

 

Magnolias Ratchadamri Boulevard will provide a standard of service second to none in the region.  A Director of Residences is dedicated to the wellbeing of unit owners, with communal areas cared for by Common Area Property Management under a long term management agreement. There will also be valet parking, package deliveries directly to residences, direct phone access from the lobby to the units, and 24-hour welcome desk, round-the-clock concierge and security.

 

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About Magnolia Finest Corporation Limited

Magnolia Finest Corporation Co., Ltd., a member of DT Group of Companies, established in 2000, operates the Property Development business under the concept of “Think and Create for Human Sustainability”. With this in mind, we develop projects that best respond to the demands and well-being of our residents.

 

The Company invests and develops real estate projects on an international level to build growth of joint ventures and development of international real estate projects with our domestic and international partners and investors.

 

Each project is unique with state-of-the-art design incorporating quality materials, energy and environmental technology. We not only build a place for living, we also innovate to achieve the best quality of life.