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Old February 28th, 2013, 04:17 PM   #1
Speed
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NIMIT, 54 Storey : Langsuan

Pace Development (Mahanakhon)(Saladaeng Residences)
press released on Valentine's Day...

new condominium project worth approx Baht 5 billion (about USD 170 million)

PACE recently purchased a land plot on Langsuan Road, adjacent to Lumpini Park


http://www.pacedev.com/images/upload...elease_Eng.pdf
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Old February 28th, 2013, 06:14 PM   #2
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3 rai

25,000 sqm of sellable area...


http://www.bangkokpost.com/business/...foreign-buyers
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Old March 1st, 2013, 07:55 PM   #3
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Quote:
Originally Posted by Speed View Post
3 rai

25,000 sqm of sellable area...

http://www.bangkokpost.com/business/...foreign-buyers
Saw that. Quite a good site, no?
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Old March 2nd, 2013, 07:38 PM   #4
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new Pace Development condo HERE??



Quote:
Originally Posted by Chad View Post
From Flickr
image hosted on flickr

OR THIS??

new Crown Property leasehold condo coming up at corner of Soi Ton Son/Langsuan 1&2

two connected towers (35 floors and 11 floors)..behind Naturalville Langsuan and Centerpoint Langsuan



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Originally Posted by Chad View Post
Close-up facade detail shot render from DOF

image hosted on flickr
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Old March 2nd, 2013, 07:47 PM   #5
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plots, between Soi Lang Suan 1 and Sarasin Road and covering 60 rai, will be developed by the wholly owned CPB Property Co.

first phase: will be a luxury condominium for lease, on a three-rai site between Sois Lang Suan 3 and 6. (is this the Pace development that they long term lease from CPB Property Co?)

second phase: will be on a 10-rai site between Sois Langsuan 3 and 6, but the CPB are waiting for the last tenants to relocate in August.
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Old March 3rd, 2013, 04:36 AM   #6
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Quote:
Originally Posted by Speed View Post
plots, between Soi Lang Suan 1 and Sarasin Road and covering 60 rai, will be developed by the wholly owned CPB Property Co.

first phase: will be a luxury condominium for lease, on a three-rai site between Sois Lang Suan 3 and 6. (is this the Pace development that they long term lease from CPB Property Co?)

second phase: will be on a 10-rai site between Sois Langsuan 3 and 6, but the CPB are waiting for the last tenants to relocate in August.
Pace plot is freehold -CPB mega project is another one
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Old March 3rd, 2013, 09:48 AM   #7
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Quote:
Originally Posted by Zimoune View Post
Pace plot is freehold -CPB mega project is another one
thanks!

any idea where the 3 rai freehold plot is in Langsuan?
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Old March 4th, 2013, 10:22 AM   #8
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Quote:
Originally Posted by Speed View Post
thanks!

any idea where the 3 rai freehold plot is in Langsuan?
The plot is where "Krau nai bann" restaurant is now, that connects to soi sarasin
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Old March 4th, 2013, 11:30 AM   #9
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thanks...sorry to see Krua Nai Baan leave, but I hope the new Pace condo tower is a cool design

http://bumres.blogspot.com/2012/12/k...ok-review.html

Soi Langusan is one of my favorite hoods in Bangkok (and getting better all the time)
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Old March 4th, 2013, 01:32 PM   #10
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at 3 rai on that prime plot of land...its twice size of M Silom land of 1.5 rai....hopefully 50+ floors!?!
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Old March 6th, 2013, 12:34 PM   #11
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Quote:
Originally Posted by molton b View Post
The plot is where "Krau nai bann" restaurant is now, that connects to soi sarasin
Isn't Krau Nai Baan placed on a lease hold plot?
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Old March 6th, 2013, 05:05 PM   #12
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Quote:
Originally Posted by Speed View Post
at 3 rai on that prime plot of land...its twice size of M Silom land of 1.5 rai....hopefully 50+ floors!?!
Is langsuan rd wider than 18m? If not will be hard to do so
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Old March 7th, 2013, 07:22 AM   #13
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why?

the other project on Langsuan is 35 floors + 11 floors...

http://www.skyscrapercity.com/showth...light=langsuan
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Old March 7th, 2013, 10:12 AM   #14
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Quote:
Originally Posted by pennyy View Post
Isn't Krau Nai Baan placed on a lease hold plot?
Krua Nai Baan plot is directly behind 185 Rajadamri plot (not touching, but same parallel alignment)....185 Rajadamri plot is freehold....

I am guessing it is therefore possible for Krua Nai Baan plot to be freehold...
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Old March 8th, 2013, 07:57 AM   #15
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Soi Langsuan is still in highest density RED zone right?


Quote:
Originally Posted by thanyakij View Post


According to http://www.bangkokplan.org/documents/Reg_table.pdf

Red = Commercial zone
Brown = High density housing zone
Orange = Medium density

Yellow = Low density
Green = Agriculture and very low density housing
Green w/ white stripe = reserve for Flood area
Purple = Industrial zone
Blue = Government's building


here is zoom version of BKK's CBD
(from http://www.bangkokplan.org/documents/DOC_04.pdf )

Quote:
Originally Posted by Speed View Post
stricter limits on larger condo projects are coming into effect soon, so condo developers are rushing to get construction permits now

The Nation
Feb 10, 2012

Condo developers on the fast track

To escape limitations under the new law which goes into effect in 2013, many firms are pressing ahead with their plans this year

Property firms have speeded up developing new condominium projects in Bangkok before the new Bangkok city plan becomes effective on May 15, 2013.

The new city plan will have provisions that limit the construction of condominium blocks.

For example, the new city plan says that high-rise construction with utilisation space of more than 10,000 square metres in a middle-density population area (orange colour code in the new city plan), in the central business districts will have to be located on a main road that is wider than 16 metres.

In the current city plan, property firms can build high-rise residences with space utilisation of more than 10,000 square metres on a road only 10 metres wide.

The rule would mean that property firms can build high-rises on the main road only. They cannot build on land in a sub-road or in a soi.

The exception is for locations in a radius of 500 metres from the Skytrain and underground train junctions.

Meanwhile, at locations termed high density population areas (yellow colour) space utilisation for high-rise residences has been cut from not more than 10,000 square metres to not more than 2,000 square metres on a road that has to be wider than 10 metres.

Business Housing Association president Issara Boonyoung said that the new regulations would directly affect property firms who now own land located on a road less than 10 metres or 16 metres wide. They will not be able to build their condominium projects once the new city plan is implemented. This has forced them to apply for construction licence and build the projects before the plan goes into effect next year.

According to a survey by The Nation early this week, most property firms plan to launch their new condominium projects on Sukhumvit Road, Ratchada Road, and Lat Phrao Road this year. This will serve market demand and also free them from the constraints of the 16 metres wide road rule. Some of them are also redesigning their projects to be in step with the new rule.

For example, Pruksa Real Estate has launched Plum Condominium on Lat Phrao 101, worth about Bt700 million, by designing the project to be a low-rise condominium having only five floors over eight rai of land. LPN Development plans to launch three new condominium projects on Sukhumvit Road. Sansiri plans to launch 19 new condominium projects worth Bt19 billion this year, some of them located on Sukhumvit Road.

KPN Group Corporation Co introduces the latest condominium project, the Capital, on Ekamai-Thonglor Road.

Effect on land price

The president of the Thai Condominium Association Thamrong Panyasakulwong said the new city plan would limit the number of condominiums in the central business districts. This also will impact on land price inside the soi and at locations where the main road is less wide than stipulated.

"We believe that this will directly impact small and medium firms who develop condominiums in smaller roads," he said.

The Agency for Real Estate Affairs said that land prices at some locations will rise and may drop at some locations.

Rama 3-Klong Toei will drop from an average Bt150,000 per square wah to Bt114,56 per square wah, a 24-per-cent fall;

Sukhumvit Road between Soi 1-55 may drop from Bt200,000 per square wah to Bt152,755 per square wah, a 24-per-cent fall;

Phahonyothin Road may drop about 14 per cent from an average Bt200,000 per square wah to Bt171,688 per square wah.

On some locations such as Srinakarin Road, Petchakasem and Bang Na the land price may increase 10 per cent.

This also will impact the price of condominiums, which may go up as the locations where condo projects can be developed would be limited, the research said.

The scenario has led to most property firms speeding up their new condominium projects this year.

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Old March 9th, 2013, 08:22 AM   #16
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Quote:
Originally Posted by Speed View Post
why?

the other project on Langsuan is 35 floors + 11 floors...

http://www.skyscrapercity.com/showth...light=langsuan
If less than 18m, you have a limitation of 30,000gfa per building so u must cross the possibility for super high building. Can go too towers 30-35st each
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Old March 9th, 2013, 11:36 AM   #17
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Quote:
Originally Posted by Zimoune View Post
If less than 18m, you have a limitation of 30,000gfa per building so u must cross the possibility for super high building. Can go too towers 30-35st each
A sliver M Silom-type building not allowed?
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Old March 9th, 2013, 05:58 PM   #18
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Quote:
Originally Posted by Speed View Post

A sliver M Silom-type building not allowed?
3 rai means they can get 48,000sqm so they will have to go for 2 towers.
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Old March 10th, 2013, 03:30 PM   #19
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Two 35 storey towers will be good if designed nicely
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Old April 25th, 2013, 11:49 AM   #20
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latest info update...

this new skyscraper freehold condo to be developed by PACE (same company as MAHANAKHON Tower---Ritz-Carlton Residences/Edition Hotel) will be located at current NGWAN LEE Chinese-Thai food restaurant on corner of Langsuan/Sarasin
overlooking Lumpini Park

can't wait to see render...

http://www.ngwanlee.com/index_en.html

http://www.crankylittlemonster.com/b...nguan_lee.html
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