Tuesday, February 5, 2008

KBank finance condo on Sukhumvit

Kasikornbank has joined a Bt4.14-billion loan syndicate to finance Millennium Residence, a condominium project on Sukhumvit Road.

Also participating are Bank of Ayudhya and TMB Bank, with each of the three banks providing Bt1.38 billion.

The parties believe city condominiums will enjoy continued demand in the property market. Construction of Millennium is 20-per-cent complete. As of last December, 179 units, or 59 per cent of its 302 units in two towers, had been sold. – The Nation

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