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Grand Unity plans B3bn condo project.
- Article from:
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Bangkok Post (Bangkok, Thailand)
- Article date:
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May 16, 2005
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Copyright informationCOPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kanana Katharangsiporn
May 16--Condominium developer Grand Unity Development Co Ltd plans to acquire an unfinished building and develop it into a condominium project worth three billion baht by the third quarter of this year.
Company's managing director Tossaporn Saksanguanmanoon said the abandoned building was a non-performing asset located in a prime area of Bangkok. He declined to identify the project, saying that negotiations were still under way.
"We expect to finalise the deal within the second quarter of the year. Development and sales will start by the third quarter," he said.
Selling prices of the new condo project are roughly set at around ...
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