Thai firm to unveil anti-protester condo

Magnolia Finest Corporation, the property arm of Thai-Chinese business family Chearavanont, is gearing up to kick off an initial THB5 billion (S$205 million) sales drive in May for Ratchadamri Boulevard, a new high-end condo development specifically designed to prevent easy entry for demonstrators.

Without going into details, Thanawan Chaiwatana (pictured), Managing Director of Magnolia Finest, said the special security feature integrated into the development's architectural design will help keep out protesters.

According to a report by The Bangkok Post, Thanawan noted that this anti-protester design stems from the 6.5-rai (10,400 sq m) project being situated near Ratchaprasong intersection, the site of major political demonstrations in recent years.

"This bumps up the costs, but we have to ensure the safety of both condominium buyers and hotel guests."

He added that the security features will not be conspicuous and will be in harmony with the development's overall design.

With a gross development value of THB6 billion (S$245.98 million), Ratchadamri Boulevard is a 60-storey tower offering 170 hotel rooms on the first to 16th floors and 325 condos from the 17th floor upwards.

The hotel will be managed by Hilton luxury label Waldorf Astoria, making it the first Waldorf Astoria in Southeast Asia and the third in Asia after Beijing and Shanghai. Luxury condo units are between 50 and 60 sq m each for a one-bedder and 300 sq m for penthouse units.

While selling prices for the 30-year leasehold development are yet to be finalised, several property consultants The Bangkok Post spoke with estimate an average price of THB140,000 (S$5,739) psm.

Related Stories:

The Residences at The St. Regis Bangkok close to selling out

London continues to attract property investment

SE Asia comes out tops for young British emigrants

More from PropertyGuru:
Kuala Lumpur draws in property investors
The Residences at The St. Regis Bangkok close to selling out
London continues to attract property investment
SE Asia comes out tops for young British emigrants

  • How a mom stole a car in under 60 seconds 11 hours ago
    How a mom stole a car in under 60 seconds

    “I didn't steal your car but I think my mom may have. It's a long story. I'll explain, but your car is safe and sound," read the flier posted in Red Hook, Brooklyn. It’s a strange tale that began when Cheyrl Thorpe was asked by her daughter Nekisia Davis to dog sit her Pomeranian at her apartment, according to New York Magazine.

  • All-new 2015 Subaru Outback reestablishes higher ground 13 hours ago
    All-new 2015 Subaru Outback reestablishes higher ground

    Much of Subaru’s modern day success in America can be attributed to one car: the Outback. Born in 1994 as a response to the growing popularity of SUVs, the Outback established a winning formula of combining a high-riding suspension, butch body cladding and big round fog lights to its comfortable, no-nonsense Legacy wagon. It is the kind of unique product that only a quirky company like Subaru could build, and was one that kept Subaru from slipping into ubiquity even as traditional SUVs and crossovers have taken over the world.

  • Custom faux-tique electric tram aims to replace New York's horses over the neigh-sayers 14 hours ago
    Custom faux-tique electric tram aims to replace New York's horses over the neigh-sayers

    For the record, it's the year 2014. I mention that in case someone reading this story about a push to replace horses with motorized carriages thinks they've stumbled onto some archival piece by accident. It's been more than 100 years since the first vehicles began to trundle around Manhattan, but the last remaining vestiges of horse-powered transport in the city could be nigh — if the backers of a massive electric wagon get their way.

  • Singaporeans slam NEA's $120 licence requirement for tissue sellers
    Singaporeans slam NEA's $120 licence requirement for tissue sellers

    Singaporeans on social media reacted angrily to news that tissue sellers at hawker centres and street corners are being required to pay for an annual licence.

  • Heartbreaking texts from students on sinking S. Korea ferry
    Heartbreaking texts from students on sinking S. Korea ferry

    Heart-wrenching messages of fear, love and despair, sent by high school students from a sinking South Korean ferry, added extra emotional weight Thursday to a tragedy that has stunned the nation. Nearly 300 people -- most of them students on a high school trip to a holiday island -- are still missing after the ferry capsized and sank on Wednesday morning. Mom, I love you," student Shin Young-Jin said in a text to his mother that was widely circulated in the South Korean media.

  • ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says
    ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says

    KUALA LUMPUR, April 16 — The “huge” statues at a Hindu temple in Batu Caves and Buddhist temple in Penang are an affront to Islam as the religion forbids idolatry, a retired Court of Appeals judge...