Bangkok, Thailand’s capital, is known for its lively street life, cultural and historical landmarks. Combined with the cheap cost of living, Bangkok is definitely on every traveller’s bucket list. According to Tatnews, Bangkok has welcomed over 26 million travellers for the year 2013. The high number of visitors has increased Thailand’s overall income, thus increasing investment on Bangkok property with foreigners interested in business opportunities and overseas property investment.
Country Group Development’s good eye for business
With the Chao Phraya River flowing through the heart of Bangkok and the gulf of Thailand, Country Group Development (CDG) saw the opportunity in turning the remaining underdeveloped land facing Chao Phraya River into a clever property investment. After committing to relocation efforts and securing favourable terms on the riverside, CDG has collaborated with Four Seasons Hotel and Capella Hotel to build Chao Phraya Estate, which aims to reimagine the waterfront experience in Bangkok.
Spanning 14 acres, Chao Phraya Estate consists of 2 world-class hotels and a luxurious residential Thailand property. Valued at THB 32 Billion, Chao Phraya Estate is Country Group Development’s largest product to date, making it an attractive overseas property investment for buyers all over the world.
Overhead look of the Chao Phraya Estate| Photo courtesy of CDG
Luxurious hotels at its finest
The Hotels of Chao Phraya Estate are the Four Seasons Hotel Bangkok at Chao Phraya River, with 300 rooms and suites that offer world-class amenities, shopping and dining. Meanwhile, Capella Hotel Bangkok will offer 100 suites that offer luxurious amenities and world-class service.
Prime residential tower
The Four Seasons Private Residences Bangkok at Chao Phraya River, strategically positioned at the centre of Chao Phraya Estate, will include more than 350 luxury units in a 73-story tower overlooking the Bangkok city skyline. The said units are all-corner ones. Chao Phraya Estate is the first Four Seasons Private residential waterfront development in Asia.
CDG heads visit site to evaluate construction progress. From left to right: (Christopher W. Norton, Four Seasons President, Global Product and Chief Operating Officer, Ben Taechaubol, Country Group Development Chief Executive Officer, J. Allen Smith, Four Seasons President and Chief Executive Officer.) | Photo courtesy of Chao Phraya Estate
Chao Phraya Estate’s progress
As of 20 July 2016, the heads of CDG has visited the site for an in-depth inspection of Chao Phraya Estate. Ben Taechaubol, CEO of Country Group Development, stated that construction is moving along fast. Within the next quarter, tourists can catch a glimpse of the magnificent tower which will surely get the attention of foreigners interested in an overseas property investment.
Conveniently located in the heart of Bangkok with a view of the city skyline, Chao Phraya Estate is surely the best property in Bangkok to invest in. Buying condos in Thailand as a foreigner is easy due to the 1979 Thailand Condominium Act -wherein foreigners can own condominiums 100% outright. Whether acquiring it for personal use or overseas property investment, The Four Seasons Private Residences Bangkok at Chao Phraya River surely won’t disappoint, giving you the greatest view and the most convenient location in town with top notch service from its neighbouring world-class hotels.
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