The Madison Condominium is a newest Luxurious high-rise residence project developing by Rojana, located on Sukhumvit Road at the begining of Soi 41 oppersite The Emporium and UOB Tower, with only 2 minutes to BTS this is one of the most accessible property in Sukhumvit.
The main tower will rise full 37-Storey with a 5 Carpark level and indoor swimming pool on level 6th included activity facilities such as souna, steam room, fitness Center which included Spining and steps room and more.
The price rise from 8 Million Baht to 40 Million for only 90 Units of Residency, with special 2.9 meters ceiling high.
Construction already started and expected to be done at the begining of 2006.

For further information please contact : +6626625515-9

Rendering :

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

Map :

http://www.skyscrapercity.com/photopost/data/500/1310the_madison_2.jpg

The Site :

http://www.skyscrapercity.com/photopost/data/500/1310dsc03828.jpg

http://www.skyscrapercity.com/photopost/data/500/1310dsc03830.jpg

Wow!! Price rise from 8 Million Baht to 40 Million...
Just condo? It must be very very luxurious.

The rendering looks so modern. nice to see this type of building like this on Sukumvit road. I'm not sure about the skytrain thou, looks so European for me.hehehe!!! .:D

Yesss we have a rendering and it a good one, tall also. :okay: :okay: :okay:
This cancels out the disappointing news earlier about The Legend. ;)

hahah.. yeh what did they do to the skytrain? :)

How nice..located so near The Emporium:cool:

Originally posted by Jo

Yesss we have a rendering and it a good one, tall also. :okay: :okay: :okay:
This cancels out the disappointing news earlier about The Legend. ;)

hahah.. yeh what did they do to the skytrain? :)

haha, it's just some render' mistaken.......anyway the number of Storey still unclear, It might be some surprise...fingers across guy....;)

looks so modern! pretty height too. and ofcause ... very perfect location..

Originally posted by Chad

haha, it's just some render' mistaken.......anyway the number of Storey still unclear, It might be some surprise...fingers across guy....;)
You r talking about the Legend Saladaeng, rite? So there is still hope. :happy:

Maybe they have put up the rendering at the construction site by now.. someone pls go and check it out ;)

Originally posted by Jo

You r talking about the Legend Saladaeng, rite? So there is still hope. :happy:

Maybe they have put up the rendering at the construction site by now.. someone pls go and check it out ;)

Very soon.......;)

Good idea! :angel1: :cool:

ส่วนความคืบหน้าในการขายคอนโดแมดิซัน ปากซอยสุขุมวิท 41 มูลค่าโครงการ 1,200 ล้านบาท ล่าสุดมียอดขายไปแล้วกว่า 50 เปอร์เซ็นต์ และคาดว่าจะสามารถปิดโครงการได้ภายในปี 2547 โดยบริษัทจะมีกำไรจากการขายคอนโดประมาณ 100 ล้านบาทหรือคิดเป็น 25-30 เปอร์เซ็นต์ ของกำไรทั้งหมดและส่วนที่เหลือจะรับรู้ในปี 2548

Rojana aims to invest 250m baht in projects

staff writer


Rojana Real Estate Plc (Rojana), an industrial estate developer, said it set a target to make about 500 million baht of net profit in 2004 by investing an additional 200-250 million baht to further develop its industrial estate in China, to develop more condominium projects and the expansion of its power plant.

Rojana’s managing director Jirapong Vinichabutr said, in the first quarter, the company targets to generate about 120-130 million baht. Most of the revenue will be generated from the sale of land plots including the revenue from its power plant.

He said this is the first year that the company will generate income from water supply sales with at least a gross margin of about 30-35 percent with the same rate of margin in the second quarter.

About 60 percent of the company’s revenue is expected to come from electricity sales, 20 percent from industrial land, 20 percent from condominium projects and the rest from water supply sales.

In 2004, the company will invest 200-250 million baht, about 150 million baht will be used for developing its industrial estate in China while the remaining will be used for condominium development and the expansion of its power plant.

The company has developed Madison condominiums on Sukumvit 41 worth 1.2 billion baht that has a 50 percent subscription rate at present and it is expected to close sales this year.

Jirapong said the company should generate about 100 million baht of net profit or 25-30 percent of the total net profit this year while the remaining income is expected to be realised in 2005.He added the company expects to complete the industrial estate development in China in the fourth quarter of this year.


Source : Business Daily News :Apr 27, 2004

Here, The colored Render

http://www.skyscrapercity.com/photopost/data/500/1310DSC05976.JPG

the area around emporium will be very nice also in the future , lots of new highrise projects + lots of rich people around there as well

Yep, MANY Projects in Soi 24.......MANY !!

I am never going to get over the artists rendering of the BTS. hahahaha
Has he never seen it before?

Maybe it's a foreign company...:D

Love to see this project when it done. I like the design.

Yeh, the design is a well-combined between glass and Aluminum-Composite....Just love it !!, especially the red part..:okay:

yeah one of my favourite skyscrapers in construction right now.

imagine emporium area grow to a skyscraper area with lots of nice skyscrapers .....yummy ;) and that area looks clean and modern also even the lowrises looks good around there :)

Furthermore, There will be many new projects coming in this 3rd quarter...just have to wait....:)

and this is the A49' works!!

YaY !!...:D

this is a very nice designed building. very glassy.. but the train looks cooler than our BTS.

Obviously looks more like a Meg-Lev one....

Obviously looks more like a Meg-Lev one....
yep.. although guy who made the rendering forgot to consider that the our skytrain only runs at 30km an hour :D
hehe..
I agree with everyone here. The design is simply awesome. I've seen many sleek design buildings like that in Melbourne.

Rojana moves into condos


Kanana Katharangsiporn

Rojana Property, owned by SET-listed Rojana Industrial Park, is investing 1.3 billion baht to develop The Madison, a high-end condominium project on Sukhumvit Road..

The 1.9-billion-baht project will be equally financed by a loan from Siam City Bank and the company's cash reserves. Construction will start in August and is expected to be completed by 2006, said sales manager Chai Vinichbutr.

The 37-storey condominium will consist of 151 units with total saleable space of 24,500 square metres. The cost of the units will vary between 75,000 and 92,000 baht/sq m and unit prices will range from eight million to 25 million baht.

``Location is the first factor most customers consider when purchasing our units as an investment. Our project is on Sukhumvit Road with easy access to the BTS skytrain, the Emporium shopping centre and a Tops supermarket,'' Mr Chai said.

He said the company had sold 90 units or 70% of the total since beginning sales in late January. The project is expected to be sold out by year-end.

The company has three land plots for future development: two in Bangkok for luxury condos and a 10-rai suburban site for mid-priced detached housing.

Rojana Property was set up in November with registered capital of 400 million baht. Previously, the parent company had developed two projects, in 1995 and 1998, under it own name.

The first property was Kallista Mansion, now called Sukhumvit Kallista, a 35-storey residence with 61 units on Sukhumvit Soi 11. Completed in 1997, it was sold for about one billion baht to Golden Land Property Development Plc a year later. The second, the one-billion-baht Rojana Tower on Asok Road, was sold to GMM Grammy Plc in 2000.

The projects were developed during the property slump but now there are a lot of opportunities in the market, spurred by low mortgage rates offered by banks, Mr Chai said.

``Buyers will gradually pay a 20% down payment over an 18-month period and this makes the investment worthwhile. The investors will end up paying less for a condo unit mortgaged for 10-15 years if it is rented out for 50,000 to 60,000 baht per month,'' he said.

Source : Bangkokposr : Jul 10, 2004

เครือโรจนะผุดคอนโดฯ 1.3 พันล้าน

เครือโรจนะขยายธุรกิจจากนิคมอุตฯ สู่อาคารสูง ทุ่มงบ 1.3 พันล้านบาท ผุดเดอะ เมดิสัน คอนโดฯ หรูใจกลางสุขุมวิท เจาะกลุ่มผู้บริหาร นักธุรกิจ ชูจุดเด่นเรื่องโลเคชั่น

นายจิระพงษ์ วินิชบุตร กรรมการผู้จัดการบริษัท โรจนะ พร็อพเพอร์ตี้ จำกัด เปิดเผยว่าโครงการเดอะ เมดิสัน บาย โรจนะ เป็นโครงการคอนโดมิเนียมระดับ 5 ดาว ซึ่งมีแนวว่า "The Most Luxurious Condominium on a Perfect Location" บริเวณปากซอยสุขุมวิท 41 โครงการเดอะ เมดิสัน เป็นโครงการภายใต้กลุ่มโรจนะ ที่มีประสบการณ์เชี่ยวชาญด้านการพัฒนาที่ดินมากว่า 20 ปี ใช้เงินลงทุน 1,300 ล้านบาท ขณะนี้มียอดจองในช่วงแนะนำโครงการแล้วกว่า 70 % คาดว่าจะแล้วเสร็จประมาณปลายปี 2549

โครงการเดอะ เมดิสัน มีทั้งสิ้น 151 ยูนิต 37 ชั้น พื้นที่ 2.5 ไร่ เป็นขนาดที่เหมาะสมที่สุดในการสร้างคอนโดมิเนียมระดับไฮเอนด์มีขนาดห้องตั้งแต่ 2 ห้องนอน เนื้อที่เริ่มต้น 115 ตารางเมตร ถึง 297 ตารางเมตร ราคาเริ่มต้น 8.4 ล้านบาทขึ้นไป มีที่จอดรถ 267 คัน และได้เปิดตัวอย่างเป็นทางการไปเมื่อวานนี้ ( 9 ก.ค.47 ) ได้จัดกิจกรรมเปิดตัวโครงการโดยร่วมกับกลุ่มธุรกิจจิวเวลรี่ ดีไซเนอร์ ชื่อดังเช่น ม.ล.รจนาธร ณ สงขลา นารันทา ซึ่งออกแบบเครื่องประดับเพชรสำหรับงานนี้โดยเพื่อถ่ายทอดความมีสไตล์ และสีสันของโครงการเดอะ เมดิสัน


Source : Bangkok Business News : Jul 10,, 2004

and i like the name of this project too. sounds very 'exclusive', the 'Madision':)

http://img56.photobucket.com/albums/v171/chady/Madison.jpg

It's such a cool building !!

Can someone please provide a summary comaprison of these three condos...I am a foreigner interested in a two bedroom condo...initially as an investment but possibly to live in myself in 2-3 years time.
Also, would apprecaite an idea of the capital appreciation new conds have have had in recent times.
Just concerned that with the continued supply of high end condos, this will dampen future captial growth.

thanks

Among those 3s. If me, I think The Fullerton seems to be the best solution., with only 1-2 skytrain stations further down more on Sukhumvit Road with more than 30% less expensive than the Madison,. yet the facilities are pretty much the same and floor plan of units are quite suitable for one person living, unlike The madison which more family-size preferable.

The Wilshire, located in the Soi 22, the traffic might be very bad during the rush hour and quite impossible to walk to the nearest skytrain station. Yet again, the price seems to be a lot lower than those 2s.

Now, about to be your choice since all three of them are great projects with lots of potentials in the future..:okay:

Fullerton and Madison are quiet similar projects, Fullerton is cheaper because location is not like The Madison on the main Sukumvit road. But actually, Tonglor is nice place to live and might be more quiet. They are both selling fast (Madison 60 % since Feb 2004 and Fullerton 70 % since Jan 2004) which is good indicator for investor like you. They both have high rental potential but i would say that renters will have more choice in Tonglor between Hampton, noble Ora, the Height and other developemnts that have 2 bed units. Developers are serious ones, Rojana and Major Development.

Willshire is selling slower, 40% since dec 2003 and the developer is still not well known in the market. Anyway, i am happy to see investors is Bangkok and wish you will find your dreaming place!!!

Fullerton and Madison are quiet similar projects, Fullerton is cheaper because location is not like The Madison on the main Sukumvit road. But actually, Tonglor is nice place to live and might be more quiet. They are both selling fast (Madison 60 % since Feb 2004 and Fullerton 70 % since Jan 2004) which is good indicator for investor like you. They both have high rental potential but i would say that renters will have more choice in Tonglor between Hampton, noble Ora, the Height and other developemnts that have 2 bed units. Developers are serious ones, Rojana and Major Development.

Willshire is selling slower, 40% since dec 2003 and the developer is still not well known in the market. Anyway, i am happy to see investors is Bangkok and wish you will find your dreaming place!!!


I agree, Fullerton and Madison are both quite similar.

BUT, the differenesss is that Fullerton is more focussing on middle-aged people that setting up new family, unlikt the Madison that seeling their units to those foreign business man or CEO who can pay higher monthly cost and prefer less time to travel to work.

Latest news, now the Fullerton is 70% sold while Madison has only 60% of remaining units.

i feel also that Fullerton is more looking for investors community that expect high income from future expat' renters. Madison is more for end users. Possible... If so, better buy The Madison 'cause you will have less competition for rental purpose. You should maybe ask those question to the developer

i feel also that Fullerton is more looking for investors community that expect high income from future expat' renters. Madison is more for end users. Possible... If so, better buy The Madison 'cause you will have less competition for rental purpose. You should maybe ask those question to the developer


Madison is truely for investment since the price is quite non-sensibly hight, but again...some would buy it for living for sure....:)

...and how about the Heights, Madison and Noble Ora? Who are the customer base? Are they all grade A?

...and how about the Heights, Madison and Noble Ora? Who are the customer base? Are they all grade A?


Noble Ora is more focusing on middle aged people with middle income level and trendy lifestyle.

While The Madison is truely above all, thee price is accererated to one of the highest property in town.

Further at the Height Condominium which units are mostly sold to the company's based costomers which has always interested of buying the Freemore develpment's product, The price is somewhere between the 2 above projects with less avalable units for "outside-buyers".

But all of them are considered as Grade "A" Developments, just depend on which A level u r talking about, A, above A or beyond A..;)

from what i know, 2-bed units in The Height are only 56 m2, is that accurate??? if so, i really feel it is too small. I think that the project is pending also due to some problems that i do not know. Noble Ora is cheaper than its Fullerton and Madison "neighbours" but.............. i do not feel it is the same grade.

from what i know, 2-bed units in The Height are only 56 m2, is that accurate??? if so, i really feel it is too small. I think that the project is pending also due to some problems that i do not know. Noble Ora is cheaper than its Fullerton and Madison "neighbours" but.............. i do not feel it is the same grade.


56 m2 is the smallest unit, the size rises to above 200 m2 depens on buyer preferred..:)

is that really pending?

Actually "Grade A" or not doesnt really depends on the price, the price is just another 2nd variable. The main sector is the facilities, anemeties and utilities that the project provided for residences such as Pool, Recreational area, park, parking spaces, lobby, number of elevators, gym and many more which some developers might included such a special one in like the Sukhumvit Citi Resort that has the Centara Spa oporating for buyers inside the project, that would also costed u a little higher than usual resident.:)

is that really pending?


Yes, when the project was on sell, it was just whats called "paper selling" which both buyer and developer will only sees the actual units in the paper-plan. and If the residence wants a bigger unit, they can pay twice higher and doublled 2 units together as one....:)

Here's an article from Bangkokpost about Grades of condominium..:)

Is your condo really grade A?


Central location remains the key, but quality units will always hold their value

NINA SUEBSUKCHAROEN

Shopping for a condominium is a lot more confusing these days, with scores of projects to choose from and most developers claiming in heavy advertising campaigns that theirs are grade A projects. The fact is, only a handful are of premium quality, says Apisit Limlomwongse, the managing director of Nexus Property Consultants.

"Those who can afford it should go for the very best as this is akin to buying a blue-chip stock. A key point that will help buyers distinguish the very best from the lower grades is the location of the project," he said.

And as far as location goes, a building in or on the fringe of Bangkok's central business district (CBD) still has an edge over its rivals.

The new city zoning regulations, which will be enforced next year after being postponed from this year, state that buildings with a floor area ratio (FRA) of 10:1 can only be built on certain roads. These include Silom and Sathon (but not its new extension), Wireless and Sukhumvit only as far as Asok. In the Narathiwas Ratchanakarin area the FRA will go down to 6:1, while beyond Asok it will be 8:1.

"If the ratio is 10:1 right now and next year it goes down to 6:1, it means construction volume will reduce by 40% which is a lot," he said.

In areas where FRA decreases, developers would need more land to build a high-rise, with the width of the road also having to be taken into account. If the road is 10 metres wide and the building is set back by five metres, then the building height can be twice the total of both, or 30 metres. If the building is set back by 10 metres and the road is also 10 metres wide then the building can be 40 metres high, he explained.

"In future there will be fewer high-rises," Mr Apisit said. "In the years to come high-rise condos will be difficult to find." This also means that prices of high-rise condominiums should go up.

The regulations are already in place but it is the zoning that could be changed. "You might have noticed that since the economic crisis a lot of low-rise buildings have been launched."

The second key point that sets premium grade condominiums apart from the others is the quality of the building and the finishing. Buyers should focus on the ceiling height, which should be at least 2.5 metres high but not more than three metres as too high a ceiling would require more air-conditioning.

Buyers should also observe fittings and furnishings, especially the floor and the bathroom. "We can change some materials later but basic things like the ceiling height and ventilation can't be changed," Mr Apisit said, adding that people should also note whether corridors have windows, the absence of which, along with a lack of air-conditioning, can result in unbearably stuffy conditions.

The next important point is design which changes with time and tastes. Older buildings have small windows but today the trend is for very big windows, and buildings on the whole look lighter. Some buildings even have glass panels from floor to ceiling which is quite atmospheric. Lobbies in good condominiums are wide and spacious as in a good hotel, evoking glamour and class.

"It's like buying a car _ if we don't buy a good model the value will not remain very high but a good design will look modern even in five years' time."

Facilities are also important with a good gymnasium and swimming pool along with other essentials that make daily life comfortable all amounting to strong selling points in years to come.

A good view is a plus, but bear in mind that lush greenery is only visible in daytime and could be very dull at night, while a view of high-rises might not look great during the day but is very striking and romantic at night.

"A good view is more important than a corner unit but a corner unit should have a better view than an ordinary unit so the price should be higher," Mr Apisit said.

His experience shows that foreigners prefer units facing south for light and breezes, while Thais prefer avoiding the sun and like units facing north.

The final point is the management of the building. "Sometimes people buy the hardware and forget the software," the Mr Apisit said. Older buildings that have good value are those with good management.

Nexus is the development and marketing consultant for Urbana Sathorn, which was introduced recently after sales at Urbana Sukhumvit 15 and Urbana Lang Suan closed. The company sees condo pricing as stable today but in time the gap between upper- and lower-end products will widen.

"In future there will be fewer good locations, you won't be able to find good prime locations to develop due to limitation of land supply," he said.

Pricing of a premium grade condo is 400,000 to 500,000 baht for a square wah of land, which can be further divided into 15,000 to 20,000 baht per sq m of net condominium space. Add around 20,000 baht for construction for gross area, but as the net area is around 60% of this, the cost goes up to 30,000 to 35,000 baht per sq m. This means the real cost is around 45,000 to 55,000 baht per square metre of net development.

There is a soft cost and interest burden to be added and this takes it up to 65,000 baht a square metre. It is for this reason that premium grade condominiums are being sold at 70,000 to 80,000 baht a square metre. "I think 80,000 baht a square metre is a fair price for prime projects. It's 65,000 baht plus the margin," Mr Apisit said.

In the middle of the market, given lower land prices, 50,000 to 60,000 baht a square metre should be the norm.

Urbana Sathorn is at the very top end of the market and is the first condo with its own sports complex covering 2,700 square metres including a half basketball court, badminton court and 25-metre swimming pool. It is 35 storeys high with more 300 parking space at the rear and a soaring lobby. There are 208 units, including 80 serviced apartments. Units range from 67 to 200 sq m excluding the penthouse, with prices starting at 4.8 million baht for the first residential floor which is the 12th.

Construction of Urbana Sukhumvit 15 is now complete with transfers starting this month, while Urbana Lang Suan should be completed by year-end with transfers to start soon after.



Source : Bangkokpost : Jul 19, 2004

So all of them are "A" then? Thanks very much for the help and information.

yeah, i do agree for importance of facilities... but huge develoments such as Belle Park or other low priced condo have good facilities also... but it is different to share your fitness room with 70 families than with 960 families :dunno: ok let say, it depends on many things such as location, views, facilities, ceiling height, car parks, size of bedrooms, blablablablabla. Is anybody give a certification of Grade after completion??? it would be easier and could give a garantee to the buyer :cheers:

thanks to all of you with the very informative responses...so let's bite the bullet ...which one would you put cash on the table for ?
From the information I can see on Madison, looks like all the apartments facing away from Sukhumvit are sold out but the ones facing towards Sukhumvit are at best 40% sold...what do you think of the noise factor on the basis you buy on floor 16+...total floors are supposed to be 36.
I do like Wilshire 22 but it has two scools next to it and certainly not as convenient to walk to BTS...actaully walked up from construction site on the weekend to Sukhumvit...a good 10 min walk and then another 10 min walk to BTS...surely that's a fair chunk of the premium you are paying for Madison.
Would appreciate any further info or links to Fullerton.

cheers
Raj

thanks to all of you with the very informative responses...so let's bite the bullet ...which one would you put cash on the table for ?
From the information I can see on Madison, looks like all the apartments facing away from Sukhumvit are sold out but the ones facing towards Sukhumvit are at best 40% sold...what do you think of the noise factor on the basis you buy on floor 16+...total floors are supposed to be 36.
I do like Wilshire 22 but it has two scools next to it and certainly not as convenient to walk to BTS...actaully walked up from construction site on the weekend to Sukhumvit...a good 10 min walk and then another 10 min walk to BTS...surely that's a fair chunk of the premium you are paying for Madison.
Would appreciate any further info or links to Fullerton.

cheers
Raj


- as the noice factor, I think all of them are quite in the same level which during the rush hours might be a bit effective.
- The Fullerton's like is here = http://www.majordevelopment.co.th/fullerton.htm
- It really depends on you which u wants to pay for, but ask me...I would prefer to pay "less" with some waht similar standard, Fullerton seems to be the best since Madison is quite a bit over-priced...:)

i believe more in the succes of Fullerton also... 96 m2 for 2-bed is enough while Madison starts at 115 m2. 2 MB difference can make you save for better decoration. Problem is that Fullerton sould complete 1 year later than Madison (from what i know), so it will not bring you cash-in for 1 year. Also, Nusasiri will launched not far from Fullerton and target mid-low market which could cretae depreciate value on your property. Think about it, but Fullerton is more l;ooking at investors and should become a trendy place to live in!

i believe more in the succes of Fullerton also... 96 m2 for 2-bed is enough while Madison starts at 115 m2. 2 MB difference can make you save for better decoration. Problem is that Fullerton sould complete 1 year later than Madison (from what i know), so it will not bring you cash-in for 1 year. Also, Nusasiri will launched not far from Fullerton and target mid-low market which could cretae depreciate value on your property. Think about it, but Fullerton is more l;ooking at investors and should become a trendy place to live in!


I think both will be finished about same time.

Fullerton will trasnfer faster than expected? or Madison will come late...

Fullerton will trasnfer faster than expected? or Madison will come late...

The towers will be done about same time, the transfer period I'm not sure.

Construction on The Fullerton has alreasy beguns and The Madison's about to start next month.

yeah, so it should be same period, both 37 storey........... then transfer should follow

I believe that the transfer period iwill started around 3-4 months before the toweer finishion date.

สคิบปรับกลยุทธ์ปล่อยกู้ธุรกิจอสังหาฯ
ล่าสุด"โรจนะ พร็อพเพอร์ตี้"ขอกู้ 800 ล้าน

"นครหลวงไทย" รุกเจาะปล่อยกู้ธุรกิจอสังหาริมทรัพย์ หวังเพิ่มยอดสินเชื่อให้ได้ตามเป้าภายในสิ้นปี ล่าสุดปล่อยกู้ "โรจนะ พร็อพเพอร์ตี้" วงเงิน 800 ล้านบาท เพื่อใช้ในการก่อสร้างและบริหารโครงการ "The Madison Condominium" คอนโดมิเนียมที่พักหรูใจกลางเมืองย่านถนนสุขุมวิท



นายอภิศักดิ์ ตันติวรวงศ์ กรรมการผู้จัดการใหญ่ ธนาคารนครหลวงไทย จำกัด (มหาชน) ได้ลงนามสัญญาปล่อยสินเชื่อ 800 ล้านบาท ให้แก่บริษัทโรจนะ พร็อพเพอร์ตี้ จำกัด ซึ่งเป็นบริษัทพัฒนาอสังหาริมทรัพย์ ที่ถือหุ้น 100% โดยบริษัทสวนอุตสาหกรรมโรจนะ จำกัด (มหาชน) ซึ่งเป็นบริษัทจดทะเบียนในตลาดหลักทรัพย์

นายอภิศักดิ์ กล่าวว่า บริษัทดังกล่าวมีฐานะทางการเงินที่มั่นคง ประสบความสำเร็จในการขยายธุรกิจอย่างต่อเนื่อง และเป็นที่เชื่อถือของลูกค้ามาช้านาน นอกจากนั้น ยังมีทีมงานมืออาชีพบริหารงาน ซึ่งจากจุดเด่นดังกล่าวนี้ ทำให้ธนาคารมีความมั่นใจในศักยภาพของ บริษัท โรจนะ พร็อพเพอร์ตี้ จำกัด และทำเลที่ตั้งของโครงการที่อยู่ในกลางสุขุมวิท ถือว่าเป็นทำเลที่ดีมาก จึงได้ให้การสนับสนุนสินเชื่อเพื่อก่อสร้างและบริหารโครงการ "The Madison Condominium" ซึ่งเป็นที่พักระดับเฟิร์สคลาสสำหรับนักธุรกิจ และผู้มีรายได้สูงที่ต้องการที่พักย่านใจกลางเมือง และมีการคมนาคมสะดวกสบาย

นายอภิศักดิ์ กล่าวอีกว่า ในช่วงครึ่งปีแรกที่ผ่านมาสินเชื่อของธนาคารขยายตัวเพิ่มขึ้น และมีแนวโน้มขยายตัวอย่างต่อเนื่อง โดยมียอดสินเชื่อเพื่อที่อยู่อาศัยที่สามารถปล่อยกู้ไปได้แล้ว 4,000 ล้านบาท จากเป้าที่ตั้งไว้ 10,000 ล้านบาทภายในสิ้นปี ซึ่งคาดว่าในช่วงครึ่งปีหลังจะสามารถเพิ่มยอดได้ตามเป้าที่วางไว้อย่างแน่นอน เพราะธนาคารได้ปรับยุทธวิธีเพื่อสามารถแข่งขันได้ เช่น การพัฒนาปรับปรุงผลิตภัณฑ์ให้ตรงใจกลุ่มเป้าหมาย วิธีการอนุมัติสินเชื่ออย่างรวดเร็ว รวมทั้งจัดแคมเปญพิเศษต่าง ๆ เพื่อส่งเสริมการขายร่วมกับโครงการอสังหาริมทรัพย์ต่าง ๆ ทำให้ลูกค้าโครงการต่าง ๆ สามารถเพิ่มยอดขาย และในขณะเดียวกันธนาคารก็สามารถเพิ่มยอดสินเชื่อและดึงลูกค้าใหม่ ๆ ให้เข้ามาใช้บริการเพิ่มมากขึ้น

นายอภิศักดิ์ กล่าวว่า ธุรกิจอสังหาริมทรัพย์ยังคงมีอัตราการเติบโตตามภาวะเศรษฐกิจของประเทศ ส่งผลให้สินเชื่ออสังหาริมทรัพย์ก็จะมีการเติบโตในระดับเลข 2 หลัก และย้ำว่าลูกค้าอสังหาฯ ไม่ใช่ลูกค้ากลุ่มเสี่ยงของธนาคารอย่างแน่นอน

นายจิระพงษ์ วินิชบุตร กรรมการผู้จัดการบริษัทโรจนะ พร็อพเพอร์ตี้ จำกัด (มหาชน) กล่าวว่า บริษัทได้ลงทุนก่อสร้างคอนโดมิเนียม เดอะเมดิชัน ริมถนนสุขุมวิท 41 ใกล้สถานีรถไฟฟ้าพร้อมพงษ์เป็นคอนโดมิเนียม สูง 36 ชั้น 152 หน่วย เพื่อจำหน่ายให้กับกลุ่มนักธุรกิจที่ต้องการที่อยู่อาศัยที่พร้อมอำนวยความสะดวกในการเดินทางติดต่อธุรกิจ โดยราคาขายขั้นต่ำยูนิตละ 8 ล้านบาท โดยบริษัทใช้เงินกู้จากธนาคารนครหลวงไทย 800 ล้านบาท ส่วนที่เหลือเป็นเงินลงทุนของบริษัท โดยมูลค่ารวมโครงการประมาณ 1,300 ล้านบาท ทั้งนี้ ตนมองว่าความต้องการที่อยู่อาศัยยังคงมีอัตราการเติบโตแม้ว่าจะไม่เท่ากับปีที่ผ่านมาก็ตาม เนื่องจากปัจจุบันมีปัจจัยที่ส่งผลกระทบโดยเฉพาะเรื่องของราคาน้ำมัน

นายอภิศักดิ์ ยังกล่าวถึงกรณีที่ธนาคารกลางสหรัฐ (เฟด) มีแนวโน้มปรับขึ้นอัตราดอกเบี้ยว่า อาจจะมีผลทำให้แบงก์ชาติ ปรับขึ้นอัตราดอกเบี้ยอ้างอิง และการปรับขึ้นของอัตราดอกเบี้ยอินเตอร์แบงก์ หรือดอกเบี้ยเงินกู้ยืมระหว่างธนาคารพาณิชย์ แต่ไม่น่าจะมีผลให้ธนาคารพาณิชย์มีการปรับขึ้นดอกเบี้ยเงินฝาก หรือดอกเบี้ยเงินกู้ในช่วงนี้ไปจนถึงสิ้นปี เพราะปัจจุบันสภาพคล่องในระบบสถาบันการเงินยังสูง แม้ที่ผ่านมาลดลงไปบ้างก็ตาม แต่ในช่วงต้นปีหน้าอาจเป็นไปได้ที่จะมีการปรับขึ้นอัตราดอกเบี้ยแต่คงไม่ปรับมากนัก โดยเฉพาะประเด็นที่ต้องจับตามองคือเรื่องของอัตราดอกเงินเฟ้อ ซึ่งหากเงินเฟ้อปรับขึ้นไปอาจมีผลโดยตรงต่อการปรับดอกเบี้ยเงินฝากและเงินกู้

Source : Bangkok Business News : Jul 31, 2004

The site :

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

what are they building on that construction site close to madison?? the area with blue around

Thats Lumpini Suit Sukhumvit 41 , comprising 2 of 9 Storey buildings being developed by LPN Development.

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

its also good that many new lowrise projects are being built to replace those lowrise shophouses , it will look much nicer from streetlevel with them instead of shophouses in the future

I agree Rayman, it will both looks good from Street level and above....:okay:

I just found out that many units still available in the Madison project...just wondering, why does it not sell out faster (like the Lakes Condo)? Is the Lakes so much better than Madison???

the location of the lakes is a lot better (subway and skytrain very close by, park and lake next door, gauranteed good view becasue no one can build anything tall across the street).
Also, the lakes was launched when there was a lot of demand for condos and hardly any new supply (it was launched very near the beginning of this current building boom).
The Madison is a really nice building but there are a lot of other nice buildings nearby, so more competition for them I think.

The price is different, focusing on different secment of market.

The Madison started from 15 Million to 120 Million while The Lakes only starts from 6 Million per unit.....Thats why...:)

oh IC thanks :)

The Madison looks really nice on rendering!!! but The Lakes looks really nice on reality!!! Moreover, as you said, it was another time, when prices were cheaper (sold about 65,000 / sq.m), competiton lower... But i am sure The Madison will be a nice project...

um, last time i drove around Madison area, i saw some billboards concerning "The Bangkok" launched by Land & House. Is the LH Property Fund finally decide to market their condo in town?? i think they have one on Suk 43 and Suk 61 and Rama IV-Sub Rd... Well, hope it will be as success as their first River Heaven project

I think The River Heaven now sold-out, only 2 of the 20 Million Baht penhouses remain?

I heard that many many units not facing river are still available (but almost all units facing river sold out).....interested buyers can probably bargain alittle for internal units :) The River Heaven looks nice, but in a strange neighborhood....all buildings around it looks very unrelated

yeah, sold very fast... but some units are unsalable... as you said, those with poor view (and really poor) should be a bargain... I am not supprised to read that the 20 million penthouses are still waiting for buyers, when you know you can get their nice Laddawan townhouses for that price, just near RiverHeaven...

Sep 30, 2004 :

Note : First crain car moved in for the Pilling work...appologise for that tree, coudnt help it.

http://img.photobucket.com/albums/v171/chady/DSC08104copy.jpg

i love that site 'cause of those trees, hope they will just move them.. Nice to see that project will finally start.. Any main contractor have been selected yet?

Oct 6, 2004 :

Note : Clearer view of the site, which pilling work will starts soon

http://img.photobucket.com/albums/v171/chady/DSC08207copy.jpg

Oct 12, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC08280copy.jpg

Oct 18, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC08390copy.jpg

Clearer Rendition

http://img.photobucket.com/albums/v171/chady/Madison3.jpg

That building is really nice>>> and have very large units. This is a 'real' Grade A future landmark, i wish so...

Oct 24, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC08435copy.jpg

Oct 2004 :

Note : Nawarat Pattanakarn is the main contractor that incharged for this project

http://img.photobucket.com/albums/v171/chady/DSC08610copy.jpg

Nov 13, 2004 :

Note : Pilling work by Nawarat Pattanakarn :

http://img.photobucket.com/albums/v171/chady/DSC08927copy.jpg

Nov 20, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC09202copy.jpg

one of the coolest building ever :D

True, very important Compettitor of the Fullerton.

Nov 27, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC09373copy.jpg

Dec 10, 2004 :

http://img.photobucket.com/albums/v171/chady/DSC09712copy.jpg

Dec 18, 2004 :


Note : Still under Pillation

http://img.photobucket.com/albums/v171/chady/DSC09853copy.jpg

Jan 1, 2005 :

http://img.photobucket.com/albums/v171/chady/DSC00092copy.jpg

rhhhhh... :( thbey not going fast enough.... Fullerton will be completed before!

Well, this one started after the Fullerton so no wonder it will completes after aswell.

ถ้าไปอยู่ Lumpini Suite ฝั่งที่หันไปโครงการ คงตาร้อนฉ่าทุกวัน อิอิ
( หรือจะตาเจ็บเพราะฝุ่นฟุ้งกันแน่หว่า -_-' )

Jan 9, 2005 :

Note : Pilling work has just recently been done, now foundation is also underway.

http://img.photobucket.com/albums/v171/chady/DSC00010copy.jpg

i agree with zimoune that fullerton will finish before from what i see currently

Jan 15, 2005 :

Note : Digging work for the foundation is underway.

http://img.photobucket.com/albums/v171/chady/DSC00099.jpg

http://img.photobucket.com/albums/v171/chady/Bangkok2/madison-a1.jpg

Jan 23, 2005 :

http://img.photobucket.com/albums/v171/chady/Bangkok2/DSC00204.jpg

Feb 3, 2005 :

Note : Foundation being formed..

http://img.photobucket.com/albums/v171/chady/Bangkok2/DSC00447.jpg

waiting... and waiting for this awesome project

Feb 13, 2005 :

http://img.photobucket.com/albums/v171/chady/Bangkok2/DSC00687.jpg

Does anybody know about this project's progress?. If any, please tell me.

Mar 21, 2005 :

Rising above ground!!

http://img.photobucket.com/albums/v171/chady/Bank/DSC01308.jpg

yay!!
one of the most anticipated buildings in bkk is rising

Apr 2, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01479.jpg

Growth of land sales helps outlook


MARK FEIN

Rojana Industrial Park's (ROJANA) 2004 performance was impressive to say the least, and analysts foresee an even brighter outlook ahead on the back of continuing strong demand for industrial estate land, recurring income, sales of its condominium project and a huge unrealised gain from its holding of Ticon Industrial Connection.

Rojana reported 38% growth in net earnings for 2004 to 517 million baht on a 35% rise in revenue totalling 3.99 billion baht. Factors given for the result were a 121% rise in sales of industrial estate land from 2003, 20% growth in sales of electricity and a widening of the gross margin from 27% in 2003 to 30%.

Tisco Securities reiterated its buy call on the stock with a target price of 13.3 baht, which would provide an upside of 85% from the current price. Over the past 52 weeks Rojana shares have traded in a range between 5.45 and 9.40 baht.

The broker expects net earnings to grow by 39% this year to 739 million baht and by 22% in 2006 to 899 million baht, based on revenue growth of 19% and 8% in the two years, respectively.



Tisco says the earnings and revenue growth this year and next for Rojana will be driven by continued growth in industrial estate land sales, with its estimate of 500 rai to be sold this year, or an increase of 31% from last year, and 550 rai next year.

Also to contribute will be 500-600 million baht in revenue per year to be recognised from the company's Madison condominium project and a 150% increase in equity gains this year from Rojana's 20% holding of Ticon Industrial Connection (Ticon) and a 16% increase in 2006.

Demand for factories in industrial estates appears bright, according to CB Richard Ellis (Thailand), as is evidenced by a continuing increase in land as estate owners continue to expand.

Tisco's fair value includes an unrealised gain from Rojana's 20% holding of Ticon, and the broker expects increasing benefit from Ticon.

``Rojana's hidden value from its 20% stake in Ticon should rise by 150% over the 2004-2006 period based on our strong earnings forecast outlook for Ticon.''

Paul Renaud of Thaistocks.com believes that one of the main reasons Rojana looks ``interesting'' is its large holding of Ticon at a low price.

Mr Renaud estimates Rojana's holding at 18% and thus calculates its cost of holding in Ticon (post-par split from 5 baht to 1 baht) to be 4 baht.

This would provide quite a hefty capital gain of 500 million baht in unrealised gains, considering that Ticon's current share price has appreciated by 75% since October 2004 from 6 baht when Mr Renaud began drawing attention to the stock, to around 10 baht at present.

Despite Ticon's 75% run, Mr Renaud believes the stock still has further upside potential, and that Rojana's gains would rise in tandem. As such, he says many analysts may be understating their earnings estimates for Rojana.

Mr Renaud adds that dividend income from Ticon will add roughly 0.10 baht to the company's bottom line this year. He has a target price of 11 baht for Rojana and roughly 16 baht for Ticon.

National Securities rates the stock a buy with a target price of 10.30 baht.

The broker likes Rojana's diversified portfolio with 31% of its earnings coming from recurring income from its subsidiary, Rojana Power, and sees bright prospects for the company's core business, sales of industrial estate land. As such, it expects the company will achieve its 500 rai sales target of land of this year, or growth of 31% over last year.

The brokerage estimates the company's bottom line will get a boost from Rojana's Madison condominium. Although construction isn't set for completion until 2006, National Securities says the company will obtain revenue on a ``percentage of completion'' basis.

[color=blue]With the broker's expectation that 30%, 50% and 20% will be completed in 2005-07, it estimates the condo project will contribute 101 million baht to the company's bottom line this year, 169 million baht in 2006 and 68 million baht in 2007.

National Securities expects equity income from Ticon will jump to 120 million baht from 44 million baht last year and that this will lead to fully diluted normalised earnings per share growth of 34% this year. It cited Ticon's sale of factories to its property fund as the reason behind the increase in contribution.color][/

With that, the broker estimates strong earnings for the three years of 1.47 billion, 1.68 billion and 1.80 billion baht.

Stock Focus is intended only to provide readers a summary of the views of some analysts. Investors or prospective investors should check with their marketing officers before making any investment decision.

Source : Bangkokpost : Apr 3, 2005

rising rising. waiting long time to see it rising

Apr 10, 2005 :

Crain has been assembled and the tower is ready to rise fast!!

http://img.photobucket.com/albums/v171/chady/Bank/DSC01598.jpg

The Madison is rising just at the position of the crain on your right :

http://www.thaipropertyonline.com/PropPics/C-470702-07/C-470702-07_08.jpg

Apr 21, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01641.jpg

so excited to see it finally come out!

Apr 26, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC01694.jpg

Amazing..it is growing! :cool:

Apr 29, 2005 :

Crain in the skyline

http://img.photobucket.com/albums/v171/chady/veranda/DSC01801.jpg

May 3, 2005 :

http://img.photobucket.com/albums/v171/chady/veranda/DSC01909.jpg

May 20, 2005 :

First floor risen !!

http://img.photobucket.com/albums/v171/chady/veranda/DSC03702.jpg

one out of how 37 floors.........
long way to go...............

The building cant go 37 Floors without a start of the 1st floor...;)

do SEAFCO work as fast as K Tech?

They are in different fields, SEAFCO only do the Foundation and Pilling work, while K-Tech only construc the atchitectural structures..

The building cant go 37 Floors without a start of the 1st floor...;)

well........
it can.......
if the 36 floors are tied up to a helicopter..........
!!!!........................:).....

KIDDING.............

Floor to Ceiling = 2.9 m.

...although that is probably including pipes and air/com...with false ceiling may be lower?

Yes PADTHAI, the ceiling mentioned is the structural celing not the Gypsum ceiling for the interior.

http://www.themadisonbkk.com/images/lobby.jpg

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

http://www.themadisonbkk.com/images/unit_a1pic3.gifhttp://www.themadisonbkk.com/images/unit_a1pic2.gif

http://www.themadisonbkk.com/images/unitplan/Modify_A1.jpg

http://www.themadisonbkk.com/images/unit_a2pic2.gifhttp://www.themadisonbkk.com/images/unit_a2pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_A2.jpg

http://www.themadisonbkk.com/images/unit_b1pic2.gifhttp://www.themadisonbkk.com/images/unit_b1pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_B1.jpg

http://www.themadisonbkk.com/images/unit_b2pic2.gifhttp://www.themadisonbkk.com/images/unit_b2pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_B2.jpg

http://www.themadisonbkk.com/images/unit_b3pic2.gifhttp://www.themadisonbkk.com/images/unit_b3pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_B3.jpg

http://www.themadisonbkk.com/images/unit_b4pic2.gifhttp://www.themadisonbkk.com/images/unit_b4pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_B4.jpg

http://www.themadisonbkk.com/images/unit_b4pic2.gifhttp://www.themadisonbkk.com/images/unit_b4pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_C1.jpg

http://www.themadisonbkk.com/images/unit_d1pic2.gifhttp://www.themadisonbkk.com/images/unit_d1pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_D1.jpg

http://www.themadisonbkk.com/images/unit_d2pic2.gifhttp://www.themadisonbkk.com/images/unit_d2pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_D2.jpg

http://www.themadisonbkk.com/images/unit_e1pic2.gifhttp://www.themadisonbkk.com/images/unit_e1pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_E1.jpg

http://www.themadisonbkk.com/images/unit_e2pic2.gifhttp://www.themadisonbkk.com/images/unit_e2pic3.gif

http://www.themadisonbkk.com/images/unitplan/Modify_E2.jpg

http://www.themadisonbkk.com/images/unitplan/PH31-34_A.jpg

http://www.themadisonbkk.com/images/unitplan/PH31-34_b.jpg

http://www.themadisonbkk.com/images/floor_plan/floor_ph35.jpg

http://www.themadisonbkk.com/images/floor_plan/floor_ph36.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison1.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison2.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison3.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison4.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison5.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison6.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison7.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison8.jpg

Facilities

Elevators – Five high-speed elevators. (Four passenger elevators and one service elevator.)
Fitness Center
Fully equipped modern fitness facility
Locker room
Sauna
Jacuzzi
Swimming Pool and Terrace
30-meter swimming pool
Children's pool
Outdoor jogging track
Children's playground
Function Room - Available for your parties and entertainment needs.
BBQ Area - BBQ equipment is provided for your outdoor functions and eatery.
Roof - Roof with special features on top of the building.

Parking - Ample parking spaces for 267 cars.
Security - 24-hour professional security service.
Fire Protection - Fire protection system in compliance with Thai regulations.
Television, Telephone & Internet
Waste Water Treatment System
Lightning Protection

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/madison0.jpg

June 19, 2005

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/DSC04327.jpg

so, it is still doing the foundation there? i love those trees

Nope, first floor is done.

great! could not see from here. Thx

This project is now SOLD OUT

wow........
good for them..............

Jul 8, 2005

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/DSC04792.jpg

http://img.photobucket.com/albums/v171/chady/veranda/Alucon/DSC04793.jpg

Jul 10, 2005

http://img.photobucket.com/albums/v171/chady/London/DSC04826.jpg

Jul 17, 2005

http://img.photobucket.com/albums/v171/chady/London/DSC04939.jpg

http://img.photobucket.com/albums/v171/chady/London/DSC04940.jpg

Jul 21, 2005

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

Jul 22, 2005

From street level

http://img.photobucket.com/albums/v171/chady/London/DSC05127.jpg

Jul 30,2 005

http://img.photobucket.com/albums/v171/chady/London/DSC05177.jpg

Aug 28, 2005 :

http://img.photobucket.com/albums/v171/chady/Alan/DSC05605.jpg

that LPN low-rise behind is very well done. too bad The Madison will block some views.

Sep 11, 2005 :

http://img.photobucket.com/albums/v171/chady/Alan/DSC05705.jpg

Oct 2, 2005 :

http://img.photobucket.com/albums/v171/chady/Bank/DSC06025.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06026.jpg

Wow!!. It's rising really fast. Be excited to see it reaches to the skyline.

Dec 5, 2005 :

http://img230.imageshack.us/img230/1516/img23141ka.jpg

Rising in the skyline...on the right

http://img230.imageshack.us/img230/1794/img23261ga.jpg

Rising, see the Fullerton is rising not far behind?, this one will have same floor number, 37 Storey...:cool:

http://img230.imageshack.us/img230/8155/img23344gg.jpg

These two Fulletron and Madison will be two new handsome for this area...
WoW..

Would The Madison as tall as the fullerton?

comapring the Madison Vs the Fullerton, which one you think is a better project ?

Quality of the individuals are about the same, but this is Rojana's first residential project apart from their usual industrial Park industry., and they did a very well job, all units are sold.

yeah, quality will be perfect! probably equal to The Park Chitlom

But seems like the company was focusing on Japanese Market for this one?, when I visited the show unit still remember the sales lady could speak influent Japanese and information also available only in 2 languages, English and Japanese-no Thai.

no thai sales lady?
wow that's sad, considering that it's a project in Thailand.

All of them are Thai, did I say There was no Thai Sales Lady?, dont think so..;)

What I said was that they could speak influences Japanese, doesnt meant they werent Thai.

ic, i guess they target executives/owners of companies using their industrial parks. so lots of japanese and foreigners. but they should provide in Thai also. Look the most expensive projects such as the Infinity and Athenee Residence (for The Met i dont know), majority are Thai buyers

Jan 8, 2006 :

http://img244.imageshack.us/img244/7778/img29854fi.jpg

Jan 15, 2006 :

http://img31.imageshack.us/img31/9296/img30974eb.jpg

One of my favorite projects in BKK.Really exciting to see it dominates the skyline.

Jan 29, 2006 :

http://img88.imageshack.us/img88/8782/img33212he.jpg

i'm waiting patiently for this amazing tower.

http://img56.photobucket.com/albums/v171/chady/Madison.jpg
I can't wait to see this done. :cheers:

22 more floors to go from now. Enjoys!!

cool modern industrial look ! :okay:

looks like the architect couldn't decide what s/he wanted

Yeh, The exterior detail looks kinda messy.

Yes, something unique!

I like it alot :colgate: ..... contrasts in design creates architectural interest! we dont want all smooth glass boxes right???

even Star Wars capital homeworld Coruscant....with a MEGA Ecumenopolis city covering the whole world had similar buildings :D :D :D

I like its design too, it's really unique.

Feb 9, 2006 :

http://img154.imageshack.us/img154/6638/img34512bz.jpg

rising very nicely....wow the construction crane companies must be VERY happy :tongue2:

rising very nicely....wow the construction crane companies must be VERY happy :tongue2:
Yeah!! just only SuKhumvit area alone, there are over 150 cranes, I guess. :runaway:

Feb 9, 2006 :

http://img154.imageshack.us/img154/6638/img34512bz.jpg
It's such a superb view. :cheers:

Imagine that new 40 Storey UBC III Tower will be just between it and that blue building..:)

Tha Madison is going to be one of the best-located condos in Sukhumvit. Only 1-2 minute walk to BTS. located on Sukhumvit odd soi, instead of even soi. Very close to Emporium. If you get bored, just walk in Emporium. Awesome indeed. My favorite :okay:

agree

Tha Madison is going to be one of the best-located condos in Sukhumvit. Only 1-2 minute walk to BTS. located on Sukhumvit odd soi, instead of even soi. Very close to Emporium. If you get bored, just walk in Emporium. Awesome indeed. My favorite :okay:

My curiosity...why odd is better than even? It's your personal preference or market preference?

I think it's because there are more than 5 kilometers apart between Soi 39 and 40. Ofcouse Soi 23 is located "inner" an closer to the city Center.

main street can be noisy, but sois can be very far and congested... High floors in Madison should be most proper ;)

My curiosity...why odd is better than even? It's your personal preference or market preference? Some real estate agent told me that. Also from my observation, rich people tend to live more on odd soi than even soi. I think even soi leads to Rama 4 (not so favorable). Exception is soi 24 which is desirable because of the Emporium.

May be another reason is there are lot of sub-soi connections in the odd soi, we can go from asoke side to tonglor with many alternatives. :-)

Feb 28, 2006 :

http://img96.imageshack.us/img96/1063/img36886rx.jpg

http://img80.imageshack.us/img80/6078/img36978kd.jpg

rising fast

There are around 18-19 more floors to go.

Mar 8,2 006 :

http://img107.imageshack.us/img107/3483/img38841bc.jpg

http://img107.imageshack.us/img107/8895/img38864en.jpg

http://img530.imageshack.us/img530/6811/img38766dh.jpg

http://img530.imageshack.us/img530/4765/img38773vu.jpg

This is one of my favorite projects in BKK. I am really excited to see it getting higher week by week.

Mar 15, 2006 :

http://img52.imageshack.us/img52/2781/p10204271ia.jpg

very nuce shot! hopefully all construction works stops at night ;)

Great shot, Chad. Do they work around the clock?.......17-18 more floors to go from now.

I love that shot with the reflection of emporium on UOB Radanasin building.. :)

This one will be 129.5 meters tall. :runaway:

Mar 23, 2006 :

http://img238.imageshack.us/img238/5231/img39443ok.jpg

http://img158.imageshack.us/img158/5613/img39491ll.jpg

Great shots as usual, Chad. Can't wait to see its facade being set. Anyway, there are still around 16-17 more floors to go upward to the sky. :cheers:

Mar 30, 2006 :

http://img238.imageshack.us/img238/5763/p10206438pv.jpg

http://img64.imageshack.us/img64/3848/p10206574ec.jpg

Very nice skyline.

April 23, 2006 :

http://img161.imageshack.us/img161/6171/img41164ec.jpg

http://img234.imageshack.us/img234/6706/img41278qv.jpg

This tower is starting to dominate SuKhumvit's skyline. The construction of the project has reached 22nd floors already and progress is on 23rd now so there are 15 more floors to go upward. :cheers:

April 25, 2006 :

http://img456.imageshack.us/img456/9940/p10301066nh.jpg

^^^^Very nice shot, Chad!!!^^^^. It looks just different form and kinda art.

May 13, 2006 :

http://img139.imageshack.us/img139/3686/p10305343pw.jpg

Hurry up!!!

I am waiting to see the result.
:)

It's getting high now, the construction has reached 25th floor.....so 12 mores to go.

May 16, 2006 :

http://img501.imageshack.us/img501/7635/p10306303fh.jpg

Good!!Lord!!! This is one of the most impressive shots I have ever seen in my life. Sukhumvit's skyline is second to none in the region.

May 20, 2006 :

http://img104.imageshack.us/img104/1961/p10307168cs.jpg

http://img67.imageshack.us/img67/3082/p10307179iu.jpg

It's quite tall now, the construction has reached 27th floor.....so 10 more floors to go,...cool!!! :cheers:

June 2, 2006 :

http://img74.imageshack.us/img74/83/p10400104xf.jpg

What is the building clad in green on the right?

39 Tower (http://www.skyscrapercity.com/showthread.php?t=132296&page=1)

June 11, 2006 :

http://img210.imageshack.us/img210/9234/p10400661ce.jpg

image fixed..:)

its a handsome looking building .. wish they can update that little corner with the tops supermarket

June 22, 2006 :

http://img152.imageshack.us/img152/4305/p10401246tt.jpg

i see some 2brd units up for sale at madison and the pricing is on par with emporio ... is the standard the same? to be frank, it is tempting to buy at madison NOW at 100k/sqm vs. 100k/sqm at emporio but 3 years later. (is emporio standard higher/lower than siri24 & sirResidence?)

Location and views need also to be taken into consideration. Emporio is situated at some distance down the soi and a soi which is going to be even more desparately busy once all the current and future construction is completed. But it is also tempting to buy at today's prices something which will surely be more expensive three years from now when complete...

Jul 1, 2006 :

http://static.flickr.com/60/178906605_a2e2693e76_o.jpg

http://img319.imageshack.us/img319/5682/p10402822wm.jpg