Built by Thai property developer Fragrant Group, Circle Living Prototype (or Circle Phase 2) was recently recognized as Thailand’s first energy saving condominium by the Ministry of Energy’s Department of Alternative Energy Development and Efficiency.
Located on Phetchaburi Road, the condominium project has recently reached completion and around 65% of the project is sold. Also, Fragrant Group expects to completely sell the condominium within 2016.
James Duan, CEO of Fragrant Group, said: “Fragrant continues to move forward with its aim to develop residences under the company’s Eco-Innovative Living concept. He added that Fragrant Property strives to be the industry leader in applying technology and innovation to quality living. This has led to the development of residential real estate that promotes a high standard of living, quality community and sustainable growth in Thai society.”
The developer is clearly willing to become a pioneer in the green-innovative real estate industry in the Kingdom. Therefore, Fragrant will be launching a new high-end residential condominium, following the same concept, in Sukhumvit 36. Right next to BTS Thonglor on main Sukhumvit Road, it will provide its residents with a very convenient access to popular Thonglor-Ekkamai area. The project will be worth as astonishing THB20 billion.
James Duan added: “The real estate market in the luxury and super-luxury segments continues to grow steadily. Projects located in the downtown area and the CBD will have higher prices because of the clear growth of purchasing power.
“At the same time, the supply of such units is limited due to the high cost of development because of high land prices. Projects close and connected to the transportation lines will continue to receive good responses from customers.”
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