SINGAPORE (June 9): Thai-listed Nirvana Daii PCL has signed an agreement today with Banyan Tree Group to brand the Banyan Tree Residences Riverside Bangkok, a super-luxury riverside condominium.
Construction by Bouygues-Thai began in December 2016 and sales of units is expected to start in September.
The first condominium to be developed by Nirvana Daii, Banyan Tree Residences Riverside Bangkok has a total sales value over 6 billion baht (S$244 million or RM751.7 million) which translates into an average selling price of 300,000 baht per square metre.
It is also located on one of Chao Phraya River’s most spectacular bends where old city and new city views can be enjoyed.
Ho Kwon Ping, executive chairman of Banyan Tree, says, “Under this partnership, Banyan Tree will offer our signature Banyan Tree hospitality and authentic culturally-aware experiences to residents of Banyan Tree Residences Riverside Bangkok, which will include the creation of premium facilities and services.”
Nirvana Daii expanded its range of business after the merger and acquisition of Daii Group PCL. Along with property development, Nirvana Daii has also gone into homebuilding and prefabricated housing, as well as manufacturing of housing-related construction materials. — theedgemarkets.com.sg