New Benchmark Price in Bangkok

Largest Penthouse of The Sukhothai Residences Sold at a Record Price over THB408 Million

New Benchmark Price of THB343,798 per sq. m. (HK$7,828 per sq. ft.) Set in Thailand

Under construction right next to The Sukhothai hotel, The Sukhothai Residences is positioned as an ultra-luxury property that will become a prominent landmark in the Bangkok Central Business District (“CBD”). It is a 41-storey condominium tower, comprising 9 penthouses and 187 typical units with sizes ranging from approximately 110 to 1,200 square meters.

The Sukhothai Residences is designed by Kerry Hill and Ed Tuttle, the two masterminds behind the sophisticated development of The Sukhothai Hotel. The new development is designed with an emphasis on contemporary Asian lifestyles, providing facilities, amenities and services which are integrated with The Sukhothai Hotel. The 9 penthouses are specially designed by Ed Tuttle, who aims at creating a truly resort-style living environment under the sky of the Bangkok CBD. (see Appendix for more details of the Sukhothai Residences)

The Sukhothai Sky Villa, the largest penthouse of The Sukhothai Residences with a size of 1,188.92 sq. m. (or 12,798 sq. ft.), features a rejuvenating 18-meter swimming pool in a spacious sky patio garden.It has just been sold to a Canadian tycoon based in Singapore at a total consideration of THB408,748,000 (over HK$100 million), or THB343,798 per sq. m. (equivalent to HK$7,828 per sq. ft.), setting a new record in Thailand. The average selling price for typical units was about THB220,000 (equivalent to HK$5,009 per sq. ft.), which is also remarkable in the local market.