Ideo Q Chula-Samyan is a 40-storey condominium project with 1602 units. The smallest units have a size of only 21 sqm and the starting price is 137.000 baht per square meter or 2.89 MB.
In other words: Almost 3 Million Baht for a 21 sqm cramped condo. YES, now the madness has gone too far.
The fact that Ananda Development is now cooperating with Mitsui Group has created a new giant in the development industry in Bangkok.
Ideo Q Rama 4 is a 6.5 Billion Baht project on Rama IV near Sam Yan MRT subway station.
The project will launched in Q4 2013 and is scheduled for completion in 2016.
Mitsui Fudosan Residential Company is expanding into Thailand, Indonesia and Malaysia through joint ventures with local partners. Mitsui Fudosan Residential is a leader in the Japanese property market.
Ananda MF Asia will focus on large residential projects worth more than 5 Billion Baht, while Ananda Development itself will continue to develop condominium projects worth up to 3 Billion Baht.
Ananda needed a partner to reduce the business risk when investing in larger projects.
Published 26 September 2013
A few photos taken 28 September 2013