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Old September 5th, 2012, 11:33 PM   #1
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BANGKOK | Noble Ploenchit | 52 fl | 44 fl | 20 fl |Pro

NOBLE PLOENCHIT, 52+44+20+10 Storey : Ploenchit

http://www.nationmultimedia.com/2011...-30156808.html



NOBLE DEVELOPMENT
Developer plans Bt9 bn project on ploenchit Rd
By Somluck Srimalee

The Nation
Published on June 2, 2011


Noble Development has budgeted Bt9 billion for a luxury residential project on Ploenchit Road that will boost its revenue to Bt14 billion by 2016.

Seventy per cent of this investment will be provided by a loan from Thanachart Bank, and the rest from its cash flow, company president Thongchai Busrapan told a news conference yesterday.

Meanwhile, the company is applying to the Securities and Exchange Commission to raise Bt1.5 billion from issue of debentures. The money will be used to develop its other residential projects and cut financing costs. The debentures are expected to offer an interest rate of 5.2-5.7 per cent.

Currently, the company pays minimum loan rate (MLR), currently 6.75 per cent, minus 1.5 percentage points.

Noble Ploenchit is the largest of the three projects the developer is launching this year. It will have 1,442 units, 80 per cent of which are one-bedroom condominiums with utilisation space of at least 40 square metres and with a starting price of Bt5.9 million per unit.

The project will comprise 160,000sqm, including 3,000sqm of office space. After an environment impact assessment, construction is to begin in the middle of next year and will be completed by 2016.

Thongchai said the project included an office building with utilisation space of 3,000sqm in front. This building might house Noble Development's new head office.

The company expects the project to sell out after it opens for booking on June 19 at Siam Paragon, with the start of pre-booking today. If it does not sell out that day, the company will raise its sale price by 5-10 per cent.

The company expects gross profit margin of 37.5 per cent and net profit of 18 per cent from this project, Thongchai said.

He added that if the project succeeds in selling out, it would boost its presale total from Bt500 million in the first four months of this year to Bt14.5 billion. Meanwhile, the company plans to introduce two new condominium |projects worth Bt6 billion in the second half of this year. This may drive its presales to Bt20 billion by the end of the year.

The company targets revenue of Bt2.5 billion this year thanks to its backlog worth Bt6 billion, that is, homes already sold and waiting for transfer to customers upon project completion.

Noble Development reported revenue of Bt529.12 million and net profit of Bt73.49 million in the first quarter of this year.




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Old September 5th, 2012, 11:45 PM   #2
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posted by Oasis-Bangkok

Originally Posted by qwinty
http://www.noblehome.com/project/ploenchit/index-en.php




24 August 2011


Noble targets CBD areas
By SOMLUCK SRIMALEE
THE NATION
Published on September 16, 2011


Noble Development plans to launch four new condominium projects next year worth a total of Bt8 billion to Bt10 billion to serve Bangkok's central business districts.

Managing director Thongchai Busrapan said after introducing the Bt1.5-billion Noble Unite condominium project yesterday that this would be its last condo launch this year.

Noble is targeting total presales of Bt9 billion by the end of the year. In the first eight months, the company recorded presales of Bt8.2 billion.

"We believe that demand for condominiums will continue to grow, especially in locations close to the mass-transit system and in particular the Green Line from Ari station to Ekamai and Siam to Surasak station," he said.

This is the reason that the company plans to launch at least four new condominium projects next year worth an average of Bt2 billion to Bt3 billion per project. One of them will be on Ratchadaphisek Road.

This year, the company has launched only two condo projects worth a total of Bt15 billion. Noble Ploenchit has sold about 51 per cent of the total project value, while Noble Unite at Surasak/Silom will open to presales on Sunday.

Nobel Unite targets people who work in this location, offering a price of Bt110,000 per square metre or Bt3.9 million for a studio unit of about 30 square metres, and up to Bt8 million for a two-bedroom unit with combined utilisation space of 65sqm.

The company has a backlog - projects already sold and awaiting transfer to customer - worth Bt14 billion. That will generate revenue from this year through 2013.

Noble also has inventory worth Bt15 billion, or 2,133 units. About 200 units, worth a total of Bt1.4 billion, are low-rise residences, including both detached houses and townhouses.

The company is targeting revenue growth of 10-15 per cent a year.

Thongchai said Bangkok's new city plan might affect developers of high-rise condo projects if the final draft dictates that condominium buildings higher than 23 metres must be located on roads at least 12 metres wide. This could lower land prices in small roads.

However, Noble Development focuses on condo developments on main roads and close to the mass-transit system. Therefore, it will not suffer a negative impact from the new city plan, tentatively set for 2013, he said.

Meanwhile, the company has set up a new service for its customers who buy for investment. Called "Serve", this service finds tenants for Noble customers who offer their residences for rent.

So far, the company has succeeded in finding tenants for about 300 units. The service, which is for Noble Development residential projects only, now has 100 units for rent.

"Our customers average return on investment of 6 per cent a year," he said.

The demand for rentals is for one-bedroom units averaging Bt20,000-Bt25,000 per month.
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Old October 28th, 2012, 11:24 PM   #3
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posted by kitti
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Old March 7th, 2013, 08:04 PM   #4
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posted by KENDO
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Last edited by Bangroma-sky; March 7th, 2013 at 08:11 PM.
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Old May 31st, 2013, 04:00 PM   #5
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credit to K.Tim Suparoek

image hosted on flickr

25/5/13 by me
posted by atom

Visiting Noble Ploenchit sales office on the 17th floor of Park Ventures Ecoplex.





Noble Ploenchit construction now busy with workers and progress.



New show unit of new type of 2 bedroom with 2 one bedroom units combined.



One of the projectors was broken. What a shame.


posted by melrocks50
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Old June 22nd, 2013, 09:12 PM   #6
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posted by KENDO

19/06/2013




posted by yangkhm



posted by Icover
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Old October 10th, 2013, 12:21 PM   #7
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yesterday (working hard in the rain)


posted by Speed

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http://www.flickr.com/photos/dmahend...n/photostream/
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Old April 25th, 2014, 03:28 PM   #8
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April 25, 2014



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