The Wilshire on Sukhumvit 22 is one of the newest luxury condominium project rising up near the Asoke-Ratchada Junction.

The Single 22-floor tower will contain 78 units and being developed by Panichpoom Pattana Company, part of the Rasa Property group.

Aimed directly at the upper-end of the market, Wilshire's prices start from about 70 000 Baht a square meter. The residences are mostly 2-bedroom, 3-bedroom and penhouse units.
Panichpoom Pattana has employed CB Richard Ellis Thailand as sole marketing agent for the project, which begins construction in January next year. Completion is schduled for January 2006.
Unique features include the provision of five passenger lifts to allow residents greater speed and convenience.
The 25-meter pool on the 12th floor will be one of the largest in the city's high-rise project.
As the site is tucked deep inside the soi, near Queens Park Hotel, the congestion and noise levels are expected to be lower than in the chronically jammed sections of midtown Sukhumvit near the Emporium mall. The location is not blocked off by other high-rise structures and no tall buildings are expected to spring up around the site.
Homebuyers familiar with Panichpoom Pattana's housing estates such as Pathomporn Grandhome in Budhamonthoin Sai-4 has come to know the developer's eye for detail. The firm is meticulous when it comes to design and provision of facilities.
For instance, Wilshire will have parking on five floors that will accommodate more than 100 cars, a great convenience for residents and their visitors.
Whire unit prices sound steep, they do include fitted kitchens, bathrooms and ariconditioners.

Rendering :

http://www.skyscrapercity.com/photopost/data/500/1310the_wilshire_2.jpg

Map :

http://www.skyscrapercity.com/photopost/data/500/1310the_wilshire_3.jpg

It's a good looking tower, even the parking floors are quite nice.

Yeah good looking rendering indeed. IS that right next to The lake??? Chad?? and What is market place as seen in the map? :angel1:

Originally posted by BKKinTO

Yeah good looking rendering indeed. IS that right next to The lake??? Chad?? and What is market place as seen in the map? :angel1:

It's the "Tops Market Place", a butique city-supermarket....:)

It just opened after summer Chad? I remember that when I was there,I didn't see it.. a boutique supermarket? wow,that would look cool.

Originally posted by BKKinTO

It just opened after summer Chad? I remember that when I was there,I didn't see it.. a boutique supermarket? wow,that would look cool.


Looks carefully, It's not located where u think it is. It's not near the Lake Ratchada at all. It's located in Soi Sukhumvit 24.......so does the Wilshire, It's located "next" to the queens Park near The Emporium Shopping Complex....:)

very nice building. i like the design.
and it's in a great location. but the price is quite expensive.

I'm so glad, lately there'r so many "NY-Central Park" style going up in Town.......:)

The site at Sukhumvit Soi 22 as Dec 27, 2003 :

http://www.skyscrapercity.com/photopost/data/500/1310dsc03363.jpg

Here is the better Rendering from the official site www.rasa.co.th :

http://www.skyscrapercity.com/photopost/data/500/1310wilshire.jpg

So the status of this project is u/c now as it says start in Jan. :D

Originally posted by BKKinTO

So the status of this project is u/c now as it says start in Jan. :D

Yep...;)

..part of the Rasa Property group.
Useless information of the day:

Rasa means falling down in Swedish :baaa: :)

Originally posted by Jo

Useless information of the day:

Rasa means falling down in Swedish :baaa: :)

haha, In Thai...It means somekind of Flower.... :D

May 6, 2004 :

Note : The foundation due to finished soon and the whole project schduled to be ready at Deciembre 2005.

http://www.skyscrapercity.com/photopost/data/500/1310DSC05520.JPG

http://www.skyscrapercity.com/photopost/data/500/1310DSC05521.JPG

http://www.skyscrapercity.com/photopost/data/500/1310DSC05522.JPG

Good to see many projects right now have started.

Well...actually they started long ago though, But I just got a chance to go to the sites., actually got the car for a day..:D

:D

Now, I think the foundation has been completed...

and i hope they will widen the sidewalk too. :) i am so excited to see Bkk in 2006:D

Widden the side walk?, probably..., the tower ofcouse will set-backs quite some distance from the road side...:)

Model :

http://www.skyscrapercity.com/photopost/data/500/1310wilshire_model.JPG

http://www.rasa.co.th/wilshire/images/floorplan_pic1.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic2.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic3.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic4.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic5.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic6.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic7.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic8.gif


http://www.rasa.co.th/wilshire/images/unit-size_pic.gif

Floor Plan :



http://www.rasa.co.th/wilshire/images/floor6_11_01.gif
http://www.rasa.co.th/wilshire/images/floor6_11_02.gif

Is the constructure likely to finish on time ? Dec/Jan2005 doesn't seem far away.

DEC 2005 sounds posssible to me..:)

So does possible mean its more than likely to finish on time ? Value your opinion as you seem to have a good grasp on whats going round

Welcome Mingw!

So does possible mean its more than likely to finish on time ? Value your opinion as you seem to have a good grasp on whats going round

Well, normally....22 Storey tower doesnt take so long to finish, normally wont take any longer than a year or so, Dec 2005; Thats almost a year and a half and since now the foundation has already been done a month back, and the tower is now rising. I dont see anything to make it wont finish on time unless the company go bankrupt or financial problamation.

Thanks for that Chad and thanks to Aquamadoor for the warm welcome to this forum. Still very interested in this development but can't seem to find much on Rasa Property and CES. Been asking for their credit ratings etc. Whats their reputation like ? Have they completed any projects?

Rasa is under process to be listed on Stock Exchange... i do not know about thir past projects, but should be able to access their finance statements from SEC

Go here to see more about the company reputation wich I think it's quite good since earlier this year they just doubled their main capital and branched another sub-company.

www.rasa..co.th

From what I know, the Wilshire is having an open house/tea party at its sale office and display unit located about 200 meters from the actual site. This will run every weekend until the middle of August... Anyone interested can probably get more info on the project there :)

I heard that Rasa property now is on submit the filing in order to be on stock exchange. But will be later than Prinsiri and Wangthong

From what I know, the Wilshire is having an open house/tea party at its sale office and display unit located about 200 meters from the actual site. This will run every weekend until the middle of August... Anyone interested can probably get more info on the project there :)


WELCOME TO THE THAI FORUM "Darksilver04" !!!!..:wave: :wave: :okay:

I heard that Rasa property now is on submit the filing in order to be on stock exchange. But will be later than Prinsiri and Wangthong


True, they setting their IPO date to the begining of next year.

Welcome Darksilver04 :) :)

Yeah welcome darksilver! You live near Wilshire?

So many new forumers lately, GREAT!!!..:cool:

So many new forumers lately, GREAT!!!..:cool:
yah, that's great:)

Should we make a role call thread?

would be nice.

Thanks for the welcome everyone...to answer Jo's question, no I don't live near the Wilshire but I drive pass it quite often, usually in the late afternoon. I also have a friend working for the company and know for a fact that the company's SEC filing will take place in Q3 of 2004 with posible trading date in Q2 of 2005. I visited the display unit recently and it looked very nice. P49, one of the top interior decoration firm, is responsible for works done in the display unit as well as the finished building's lobby and public area.

Thanks for the welcome everyone...to answer Jo's question, no I don't live near the Wilshire but I drive pass it quite often, usually in the late afternoon. I also have a friend working for the company and know for a fact that the company's SEC filing will take place in Q3 of 2004 with posible trading date in Q2 of 2005. I visited the display unit recently and it looked very nice. P49, one of the top interior decoration firm, is responsible for works done in the display unit as well as the finished building's lobby and public area.


Hows the construction doing now?, ont of our forumer really worried about it..:D:D

From what I heard, the construction is right on schedule and should be finish by Dec. 2005. The piling is done and they are working on the foundation which will be finish at the end of August (I take it that its around 80% finished). CES, which is run by the Wang Lee family is very experienced as they have been in the business for nearly 30 years with past works including the Plaza Athanee and the Queen Sirikit Convention Center. Rasa Property shouldn't have any cash flow problem either since they have full financial support from Krung Thai Bank and free cash flow form their housing project as well as cash flow from the Wilshire pre-sale down payments (currently it is 53% sold). In short, the chance of the building not being built or finish on time is highly unlikely. :)

From what I heard, the construction is right on schedule and should be finish by Dec. 2005. The piling is done and they are working on the foundation which will be finish at the end of August (I take it that its around 80% finished). CES, which is run by the Wang Lee family is very experienced as they have been in the business for nearly 30 years with past works including the Plaza Athanee and the Queen Sirikit Convention Center. Rasa Property shouldn't have any cash flow problem either since they have full financial support from Krung Thai Bank and free cash flow form their housing project as well as cash flow from the Wilshire pre-sale down payments (currently it is 53% sold). In short, the chance of the building not being built or finish on time is highly unlikely. :)


Thanks for the info man!..:okay:

Yep, The master schdule is set to be done Dec, 2005...:)

But it's not success compare to other projects in soi 24

But it's not success compare to other projects in soi 24


U just cant compare two projects since it's from different developers, different level of market, different location and different way of commercialize.

In the way, more than 50% sold sounds good to me yet the company forcasted all units to be soldd out within this year..:okay:

50 % sold since december 2003 is not that good as they have only 78 units but... maybe it is more secured clients than what other projects have. This project looks nice and i like its location

50 % sold since december 2003 is not that good as they have only 78 units but... maybe it is more secured clients than what other projects have. This project looks nice and i like its location


Not good?...Look at the price!..:D:D

well, 65,000 - 70,000 / m2 in that area is nopt that esxpensive... Starts around 7 MB ofr 105 m2. It should sell better /// just wonder why

I agree with Chad, there are many factors which determine if a project is successful or not. To the consumer, its the project finishing on time and a smooth ownership transfer and quaility building management afterward that matter. To the developer its obviously profit and possibly reputation. From what I know projects which was launched last year and sold out quickly before a contract with the main contractor was sign got in trouble due to the increase in construction cost (mainly steel) afterward. So the develolper sold the units for a price based on the old construction cost but when its time to build the building months later, it is a higher price wiping out part or all their profits. Even if the contract with the main contractor was signed, the contractor will then have to bear the increase in cost which sometimes they will abandon the project or will not give it their best effort knowing that they will make little profit or even lose money. All this will create delays have an effect on quality of construction. From what I heard the Hampton (on Sukhumvit 55) is possibly experienceing this problem.

i think it should not be like that due to on the contract that contractor sign, it specify the specification and condition. Also the cost construction usually can be increase by 20% to the developer. So increase in cost the developer also have to bear the cost.

Normal practice is that the contractors submit bids for the whole projects. The lowest bidder or the one the developer feels is the best choice in terms of price, reputation, etc gets choosen and a contract is signed in that amount which usually include the cost of construction (with specifications) and a margin ranging from 5% to 20%. Usually the contract does not have any conditions like if steel prices rise by 20%, the developer must pay XXX amount more because this will make the whole contract much more complicated and prone for disputes. Althouth what happens is that if steel prices rise a lot, the contractor will start to complain and the developer might work something out knowing that an unhappy contractor could mean an unfinish building. The developer is not obligated by law to pay anything except the agreed bidding price so the contractor have to take price rises into account when it makes its bid. Most experienced contractors will be able to manage this. High rise construction contractor is a very risky business and only the strong and smart can survive.

what might happen to "one-time" developer (that represent a major share in the condo industry) is that they will lower specification to keep their margin 'cause banks and investors push pression on them. The final looser might be the customer that might not get what he paid for. Many small things that they will see after several years spend in ther adjusted condo.
But i am not speaking about Willshire that seems to be secured and develop by a fuuture listed company

I agree to Zimoune

Decided to hold off buying for a few months. Concern around the so-called glut of new grade A condos being or about to be built. Is this a justifiable reason ? Also looked at the Fullerton

It's your choice, of course. Hope you find what you want eventually.

I think what you should consider is your needs rather than the supply which is out there. If you visited the display unit and like the product and what it offers, then I don't see why you would want to put off your decisions. All the good units will be taken first so why wait. Another thing you should consider is the completion date of the building. For example, the Wilshire will be completed no later than December 2005 while the Fullerton and Madison will be completed at the end of 2006. Lots of the new development which you are talking about will not be finish before 2006 and if it is a big high rise, then possibly even 2008. Prices for these condominiums will also keep increasing rather than decrease due to the higher cost of enegy, construction materials, land, and interest. So buying in early to lockin the price now is a good idea if you are going to buy it anyway. Again look at your needs (products, time you wan to move in, etc). If your are not sure about the development, look at the contruction site. Chances are the ones that started construction and are active will be a better choice than the ones which are idle or haven't started construction. Good luck.

Aug 12, 2004 :

The tower is now rising!!!!

http://img.photobucket.com/albums/v455/chadblair2001/conspirecy062.jpg

Oct 5, 2004 :

http://img.photobucket.com/albums/v171/chady/IMGP1389copy.jpg

http://img.photobucket.com/albums/v171/chady/IMGP1390copy.jpg

with the coming of wilshire, gm height and the project opposite to gm height. soi 22 will be crowded like soi 24

Nov 14, 2004 :

Note : the core has reached the 5th level while the floor plate is currently on floor 3.

http://img.photobucket.com/albums/v171/chady/DSC09001copy.jpg

Dec 18, 2004 :

Sales Showroom :

http://img.photobucket.com/albums/v171/chady/DSC09889copy.jpg

The Bilboard :

http://img.photobucket.com/albums/v171/chady/DSC09893copy.jpg

http://img.photobucket.com/albums/v171/chady/DSC09891copy.jpg

http://img.photobucket.com/albums/v171/chady/DSC09892copy.jpg

Jan 23, 2005 :

Note : Rising over the skyline !!

http://img.photobucket.com/albums/v171/chady/Bangkok2/DSC00208.jpg

Feb 3, 2005 :

Note : Rising in the skyline

http://img.photobucket.com/albums/v171/chady/Bangkok2/DSC00454.jpg

i like this type of building.. with the green european looking roof

yes,and covered with snow would look nice also. hahaha

In this case, would be covered with dust...:hahaha:

Mar 13, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01138.jpg

Mar 21, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01315.jpg

i am so excited about how the roof gonna looks like in reality... looks good for sure ;)

Mar, 2005 :

Note: Floor plate, level 11. Lift core, level 14.

http://www.rasa.co.th/images_cms/progress/20050317095832/full_1.jpg

View from 11 floor

http://www.rasa.co.th/images_cms/progress/20050317095832/full_2.jpg

http://www.rasa.co.th/images_cms/progress/20050317095832/full_4.JPG

http://www.rasa.co.th/images_cms/progress/20050317095832/full_3.JPG

Good view. and it soon will be finished.

Mar 27, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01381.jpg

From Honey bee Highschool...Sai Nam Phueng...:D

http://img.photobucket.com/albums/v171/chady/Bank/DSC01382.jpg

Apr 2, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01486.jpg

So we've reached the first setback. I look forward to see that roof take shape as they reach double this height.

I'm not sure if it reached the first set back yet but it's dominating the area already.

Apr 10, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01604.jpg

Apr 27, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01735.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC01736.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC01738.jpg

Compare to the rendering

http://www.skyscrapercity.com/photopost/data/500/1310the_wilshire_2.jpg

8 more floors to go.

http://www.rasa.co.th/wilshire/images/floorplan_pic1.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic2.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic3.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic4.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic5.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic6.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic7.gif
http://www.rasa.co.th/wilshire/images/floorplan_pic8.gif

http://www.rasa.co.th/wilshire/images/unit-size_pic.gif

http://www.rasa.co.th/wilshire/images/floor6_11_01.gif
http://www.rasa.co.th/wilshire/images/floor6_11_02.gif

http://www.rasa.co.th/wilshire/images/floor12_14.gif

http://www.rasa.co.th/wilshire/images/floor15_18.gif

http://www.rasa.co.th/wilshire/images/floor20.gif

http://www.rasa.co.th/wilshire/images/unit_a1.jpg

http://www.rasa.co.th/wilshire/images/unit_a2.jpg

http://www.rasa.co.th/wilshire/images/unit_b1.jpg

http://www.rasa.co.th/wilshire/images/unit_b2.jpg

http://www.rasa.co.th/wilshire/images/unit_b3.jpg

http://www.rasa.co.th/wilshire/images/unit_c.jpg

http://www.rasa.co.th/wilshire/images/unit_d.jpg

http://www.rasa.co.th/wilshire/images/unit_f1.jpg

http://www.rasa.co.th/wilshire/images/unit_g1.jpg

http://www.rasa.co.th/wilshire/images/unit_h.jpg

ร่วมลงนามเซ็นสัญญาซื้อ-ขาย เครื่องปรับอากาศ

http://www.rasa.co.th/images_cms/news/20050509095137/DSC07942_500.jpg

คุณรพิ พินิจชอบ รองกรรมการผู้จัดการและผู้บริหาร บริษัท รสา พร็อพเพอร์ตี้ ดีเวลลอปเม้นท์ จำกัด (มหาชน ) ร่วมลงนามเซ็นสัญญาซื้อ-ขาย เครื่องปรับอากาศ ยี่ห้อ Trane กับผู้บริหาร บริษัท แอร์โค จำกัด โครงการวิลเชอร์ คอนโดมิเนียม สุขุมวิท 22 เมื่อวันศุกร์ที่ 6 พฤษภาคม 2548

May 24, 2005 :

http://img.photobucket.com/albums/v171/chady/veranda/DSC03788.jpg

emerging from the park

http://img.photobucket.com/albums/v171/chady/veranda/DSC03789.jpg

People living at the Wilshire will have a very nice view of the park. I like very much this location.

it used to have an opened BBQ buffet (79 baht, pay 97 if you don't eat all what you serve to yourself!), but last time i went to that soi, it was out. Any plan on tht land?

This site?

http://img.photobucket.com/albums/v171/chady/DSC08214copy.jpg

i think so, with a car washer or sthing at the entrance..

Surprisingly appears on my view

http://img.photobucket.com/albums/v171/chady/veranda/DSC03918.jpg

..

yes, but u have to try quite hard to spot all of them..:)

OMG that's a lot :)

I would get a pair of good binoculars and stare all day long if I lived there.

haha...;)

June 19, 2005

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/DSC04336.jpg

June 20, 2005

http://img.photobucket.com/albums/v443/Zimoune/Wilshire22.jpg

This one is really fast. :)

Great angle, where is that from?, The showroom carpark?

from Suk 24, land under development near junction with Tops supermarket ;) it is becoming so tall that i can not have the whole one from Suk 22 with my poor camera!!

"Land under-development", u mean the plot opporsite the Mahogany Tower?, or the plot "next" to Tops Super Market?

First choice i guess, from soi 24

Jul 17, 2005


http://img.photobucket.com/albums/v171/chady/London/DSC04946.jpg

June 19, 2005

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/DSC04336.jpg

wow... never seen a windmill in the middle of the city before :)

It's at The Old Planetarium lah..

Jul 27, 2005

http://img.photobucket.com/albums/v171/chady/London/DSC05147.jpg

http://img.photobucket.com/albums/v171/chady/London/DSC05148.jpg

http://img.photobucket.com/albums/v171/chady/London/DSC05166.jpg

Oct 2, 2005 :

Green roof time!!!

http://img.photobucket.com/albums/v171/chady/Bank/DSC06048.jpg

Hmmm...:cool:

http://www.skyscrapercity.com/photopost/data/500/1310the_wilshire_2.jpg

should put some wholes for the bird nets there

hahahah

I dont get it...why ? :?

It's just a joke, Chad. Don't take it serious, man.

I know it's a joke, thats why I said I didnt get the joke...get it?...:)

Well, I didn't get that joke too, hahah.

i even dont believe that i post that... was just in my mind when i saw the rendering. birds always love this big roof, like in Paris. but might be too high for them. anyway...

oh yeh then ,thats kinda what I thought...:D

Oct 24, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/IMG_1117.jpg

Where is the green roof?

Coming up.

Nov 10, 2005 :

http://img368.imageshack.us/img368/4844/img16908sn.jpg

http://img268.imageshack.us/img268/6632/img16919xp.jpg

now, it is coming, gonna have some fun!

http://img268.imageshack.us/img268/6632/img16919xp.jpg
:eek2: :eek2: Wow!!! It's so hugh and tall. Looks like The pyramid of Aztec. :runaway:

Nov 18, 2005 :

http://img375.imageshack.us/img375/1548/img17698qf.jpg

Dec 8, 2005 :

http://img221.imageshack.us/img221/9991/img25344nv.jpg

http://img221.imageshack.us/img221/1659/img25332ed.jpg

Jan 15, 2006 :

http://img31.imageshack.us/img31/166/img31014cr.jpg

the roof is there! but, walls were supposed to be yellow?

It's designed to be Yellow...thats why..:)

http://img37.imageshack.us/img37/7514/wilshire8tg.jpg

Look fantastic and classic somehow.

Jan 19, 2006 :

what else, except density...:)

http://img42.imageshack.us/img42/804/img31625nv.jpg

this one adds color to the area.. and it looks very nice

I think this building though small but unique.

Jan 22, 2006 :

http://img5.imageshack.us/img5/8818/img32520jw.jpg

http://img62.imageshack.us/img62/3356/img32536hi.jpg

What are they building at the bottom of the pic.

Thats one big roof

too yellow/orange for me! but i like the roof.

ooh I like it....elegant, striking and regal pose.....and nice muted but unique colors wow!! :applause: :applause: :applause: kudos to the designer and architect...

Another little landmark of Sukhumvit has emerged.

Feb 9, 2006 :

http://img208.imageshack.us/img208/2315/img34626nd.jpg

http://img213.imageshack.us/img213/7251/img34750hc.jpg

The roof reminds me a little bit of some of the hotels built by the Canadian Railways and now owned by Fairmont, such as the Chateau Frontenac in Quebec City. Very nice!

yeah ! That what I thought

On the upper floors can enjoy a very good pano view.

Mar 13, 2006 :

http://img52.imageshack.us/img52/7808/p10204018vf.jpg

http://img52.imageshack.us/img52/2052/p10204020fc.jpg

Nice handsome & classic building

Ahh!, it's almost completed.

June 13, 2006 :

http://img208.imageshack.us/img208/8907/img43953ct.jpg

http://i5.tinypic.com/14xjz1w.jpg

looks nice

hmm..not bad at all, at least, it's not another white building:)

Oh! I thought this one has been completed a while ago. It looks nice though.

Where have all the photos disappeared?

Aug 1, 2006 :
Almost done

http://static.flickr.com/59/203695052_13e13f4750_o.jpg

finished off very nicely

Aug 20, 2006 :

http://static.flickr.com/77/220070113_e4531fd536_o.jpg

IT'S COMPLETED

very stately and handsome :okay:

are those buddha-like flame finials on top??

Good to see this one completed though, I like its European-oriented style roof.

very classy looking..........

its looks expecially good at night with the crown iluminated.

Sep 18, 2006: :)


http://i98.photobucket.com/albums/l269/mosaic_tu/2006-09-18/P9180011.jpg

Sep 18, 2006: :)


http://i98.photobucket.com/albums/l269/mosaic_tu/2006-09-18/P9180011.jpg

YES! EXACTLY!

thanks for the pic!