Millennium Residence @ Sukhumvit, a THB10 billion (US$317.1 million) complex in Bangkok, has been relaunched by developer Leadon Assets Limited, The Bangkok Post has reported.
The Millennium, comprised of four towers on a 12-rai site on Sukhumvit Soi 20, is a joint venture between a group of Thai, American, and European investors. Kanyarat Krisnathevin, the Managing Director of asset and sales management firm Credence who is representing the investors to the media, said that she couldn’t reveal the names of the investors. She did reveal, however, that a Thai investor holds the majority of the project.
The project was first launched in 2006 by MR Sukhumvit with investment from Singaporean company City Development Limited. MR Sukhumvit still owns towers A and B at the Millennium; Leadon Assets purchased towers C and D in March. Leadon Assets has sold 20% of towers C and D, which are comprised of 150 and 152 units respectively, priced from THB6.7 million (US$212,562) to THB90 million (US$2.85 million).
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Thailand Property market
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