Sold off at a 50% discount ranging from Bt 199,000 to Bt 799,000, income from the sales was in excess of Bt 100 million. Shops ranged in size from 33.5sq meters to 62.5 Sq meters.
Managing Director of Bangkok Land, Peter Kanjanapas said, “Interest in commercial properties at Muang Thong Thani is at an all time high since IMPACT is drawing 15 million visitors every year and with the recent addition of the 380 room Novotel Bangkok Impact, the demand for retail and leisure has peaked.”
Potential investors queue up to buy the 214 shops put on sale by Bangkok Land in Muang Thong Thani.
“The Pop Shops, located on the ground level of Popular Condos are particularly interesting especially after last year’s complete sell out of the last remaining units of the 27000 Popular Condo complexes. The company has just completed 100% transfer of the sold out units, meaning that there are more than 150,000 residents now living above the Pop Shops, giving an ever rising demand for commercial properties in that area.
“This is particularly encouraging since the successful management of the flood crisis last year, boosted confidence of local residents and potential buyers who are interested in properties in Muang Thong Thani,” added Kanjanapas.
With foresight by the Executive Chairman of Bangkok Land, Anant Kanjanapas, for some 20 years Muang Thong Thani was developed as a satellite city with advanced planning and infrastructure. 2 lakes were included in the project not only for their beauty but also for their effectiveness in coping with floods that may occur. Thong Thani remained free of flooding late last year and locals placed banners across roads thanking Khun Anant for his ongoing support.
Given the interest in the area, Bangkok Land is already developing a further two commercial type projects - Bee Hive and Popular Walk - which will begin in the next couple of months.