Bangkok--Oct 20--CB Richard
Tipamas Suites, a new apartment development, is now ready for occupation. Situated in Sathorn Soi 1, 5-minute walk from the MRTA Lumpini Station, the development comprises of 51 fully-furnished apartments aimed at the expatriate market.
“This development is unique in the Sathorn area because of its landscaped gardens and low density, situated on a 1.6 acre (4 rais) site. Tipamas Suites provides an ideal living environment in the centre of Bangkok” according Mr. Theerathorn Prapunpong, Head of Residential Leasing Services at CB Richard Ellis, the sole leasing agent.
All the units have three to four bedrooms ranging in size from 148 to 295 square metres.
Facilities include a tennis/basketball court, a 25-metre swimming pool with children’s pool, sauna, exercise room, children’s playground, indoor function rooms, and outdoor barbeque area.
“We are very proud to introduce Tipamas Suites to the Bangkok residential market” said Mr. Tritip Arunanondchai of Tipamas Co., Ltd., owner of the project.
“No other apartment development in the Sathorn area provides the security, privacy, accommodation and facilities like Tipamas Suites, it really is a unique oasis in the city centre.”
CB Richard Ellis is upbeat about the prospects for Tipamas Suites. Very few new developments have been completed in the Sathorn area. Demand is strong because of the location of offices and embassies, while the number of expatriates living in Bangkok, according Alien Occupational Control Division, Department of Employment has risen continuously for the past 12 months, and this number does not include diplomats.
According to CB Richard Ellis, the key to successful residential rental projects is ensuring that the product matches tenant expectations.
Tipamas Suites offers a very attractive combination of features which will appeal to the expatriate rental market.
About CB Richard Ellis
Headquartered in Los Angeles, CB Richard Ellis (NYSE:CBG) is the world's leading real estate services firm (in terms of 2003 revenue). The company serves real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. Including partners and affiliates, CB Richard Ellis has more than 300* offices across 50* countries around the world.
CB Richard Ellis established an office in Bangkok in 1988 and in Phuket in 2004. CB Richard Ellis (Thailand) Co., Ltd. has grown to be a leading real estate services provider, offering a full range of services including sales and leasing, property and facilities management, development consultancy and valuation advisory. For more information, visit the company's website at www.cbre.co.th.
* Includes partner offices
For further information:
Mr. James PitchonExecutive Director
02 654 1111
Mr. Theerathorn Prapunpong
Head of Residential Leasing Services
02 654 1111 Ext. 421
Ms. Ngamjai Jearrajarat
Press Relations Assistant02 654 1111 Ext. 223 End.