Singha Estate Launched SINGHA COMPLEX


Singha Estate Launched SINGHA COMPLEX

The luxury mixed-use complex at the Asoke-Phetchaburi junction. Its first phase for offices and retailers spans over 100,000 square meters.

Singha Estate Public Company Limited recently launched the first phase of its mixed-use flagship property, SINGHA COMPLEX, which is intended for retailers and offices. Located on the high-potential corner of Asoke-Phetchaburi Roads, it showcases the latest smart office concept in the central business district, while boasting convenient access to transportation, a wide array of more than 30 popular retailers and restaurants. The Complex offers everything for the urbanites’ perfect lifestyle. Additionally, the Complex is expected to become the major business that contributes towards Singha Estate’s goal of 20 billion baht by 2020.

Naris Cheyklin, Chief Executive Officer, Singha Estate Public Company Limited, the leading company in real estate development and investment in Thailand and aboard, said, “Today, we have opened SINGHA COMPLEX, the mixed-use flagship property of our company. Located on the corner of Asoke and Phetchaburi Roads, it is highly convenient and is easily accessible to Phetchaburi MRT station, Airport Rail Link station, Khlong San Saeb Canal Boat pier, and the expressway, making it the prime location with high potential amidst the business area and new developments. This project is developed on the 11-rai land and the Complex is comprised of 42 floors of A-grade office space and 4 floors of retail space, totaling to 120,000 square meter area, and 39 floors of luxury condominium’s 319 units. The entire project is constructed, in accordance to the LEED Gold building standard in energy conservation.

The first phase was recently launched in past October, including the A-grade office, The Office at SINGHA COMPLEX, and 4 floors of retail space. The Office at SINGHA COMPLEX is readied in becoming the perfect Smart Office. Various technological innovations are provided to enhance renters’ convenience via exclusive application’s control. Today, we already signed more than 80% of rental space and expect to have 100% rental rate by the end of 2018. Offices already started to move in and there will be more than 3,000 office workers in this building by the end of November.

Mr. Nithipat Tongpun CBRE Thailand’s Executive Director of Advisory & Transaction Services – Office said, “The architectural design and A-grade offices of SINGHA COMPLEX with facilities available to particularly well-suited to the needs local and international tenants, making the Complex itself successful in signing rental agreements prior to the finish of the project development for more than 80 percent. The Complex also registers the best average rental rate in the same area.”

The four floors of retail space aims to become the lifestyle space for office workers and residents of THE ESSE at SINGHA COMPLEX. It will also be the new dining-shopping destination of Bangkok residents and expats in the Asoke-Phetchaburi area, with the offering of leading retailers and restaurants, such as Gontran Cherrier, Bake Cheese Tart, Coffee arigato, Dressed, Bake Café by Farm Design, THE COFFEE CLUB, On-Yasai, Hoshi, Hokkaido Butadon Tokachi, Phuket Town, EST.33, Salapao Ko Uan, Gyu Kaku, Kazan, and other wellness services, for instance, Cut & Curl, dental care at ALL ABOUT TEETH, BLOSSOM CLINIC, EYE CLASS, digital banking – SCB Express and BAY, Tops Daily – the first digital concept store for Tops in Thailand, including the Japanese tourist attraction information center – 1887 shop, provides local goods and introduces the new tourist attraction from many cities in Japan, the new product will be presented every month and lastly foodPLACE, the food court on the third floor of the retail space that gathers legendary restaurants around Bangkok, for example, Wattana Panich Beef Noodles, Jea Ju, Jeeraphan Grilled Chicken, Mongkol Chai Hainanese Chicken Rice, Yaowarat Fish Ball, Krua Apsorn Fried Noodle.

Additionally, the co-working space and relaxation area allows customers to hang out and work as they please. The Complex also provides Free Super WIFI, at 1GB/sec speed, making it the fastest free WIFI service in Bangkok, throughout the building, including the fourth-floor rooftop that lays out a small lush garden in the city center for a communal hangout for everyone. Currently, more than 70% of the retail space is open for service and every store will be open in the beginning of next year.

“Every positive feedback of renters and customers at the Complex reinforces the business potential of SINGHA COMPLEX in fulfilling every need of consumers’ lifestyle. This is aligned with Singha Estate’s mission in developing quality projects to generate revenue and to foster confidence among investors. The Complex marks a successful milestone and signal for the company’s potential growth and opportunity to invest in various forms both in Thailand and abroad. Besides, SINGHA COMPLEX is the crucial business group that will help the company to achieve its goal of 20 billion by 2020. It will also be the supply for the growing demand for real estate in Thailand, while help drive the Thai economy in becoming a new center of trade, investment, and tourism in the region,” Naris closed.

Source: Singha Estate – 6 November 2018