Grand U announces fully pays up capital to 600 million baht to prepare for condominium business next year, ready to launch 2 new projects worth 3 billion baht in combined value
Grand Unity Development has fully paid up its 600 million baht registered capital to push ahead with condominium projects along the sky train and underground routes. The company also prepares to introduce 2 new projects under the name of “U Delight” situated by the sky train and underground stations at Huay Kwang and Jatujak, after enjoying enormous success from U Delight @ Bang Sue Station.
Thanapol Sirithanachai, President of Grand Unity Development Co., Ltd. (Grand U) disclosed that his company had raised its registered capital to 600 million baht at the end of 2007 with paid up capital of 380 million baht. “The company has now paid up the entire amount of 600 million baht in order to prepare for investment expansion targeting areas along the sky train and underground routes, whose service may require shuttle van to provide convenient transportation to buyers to satisfy them the urban living style. The company also focuses on building the good community relations to enhance good surrounding. Grand U is looking to attract middle income earners with 1.5-2 million baht condominium units. The strategy has been proven by the success of the previous project called U Delight @ Bang Sue Station, which has already been over 90% occupied. Following this concept, Grand U will launch 2 new condominium projects with combined value of over 3 billion baht at the prime locations of Huay Kwang and Jatujak,” he said.
Neramit Srangiam, Managing Director of Grand Unity Development Co., Ltd., said his company had already launched 2 condominium projects under the Condo U concept called U Sabai Condominium Rama IV-Kluaynamthai and U Delight@ Bang Sue Station near the MRT station in Bang Sue. “These projects are considered successful thanks to the unique marketing strategy that uses excellent location and multi-function room and furniture designs to offer outstanding value for money. The team of professional management also helps attract buyers, making us more than confident in getting new projects up and running despite the currently sluggish economy. Consumers continue to fulfill their basic necessities and with condominium at the right location and affordable prices, our projects are sure to the choice for those within the 25-30 years age bracket and 30,000 – 60,000 baht income range,” he explained.
In the fourth quarter of 2009, Grand U is set to introduce 2 new condominium projects namely U Delight@ Huay Kwang Station and U Delight@ Jatujak Station. Both projects are designed and developed under the U Living Concept that focuses on YOU, to enjoy the full functionality. U Delight@ Huay Kwang Station, situated in Soi Pracha-Uthit 5 and only 3 minutes from MRT station in Huay Kwang, is created under the concept of Urban Escape to offer surrounding that is close to nature with up to 70% open space. The project is composed of 3 condominium buildings of up to 20 stories and 1 building of 10 stories housing a total of 597 units on 5-rai land worth 1.2 billion baht. There are 4 types of rooms available for the choosing namely 1 bedroom at 32, 41 and 45 square meters, and 2 bedrooms with 64 square meters with a starting price of 1.39 million baht. It also comes with complete infrastructure including 30-meter infinity-edged swimming pool, fitness club, sauna room for men and women, library, Wi-Fi Internet, laundry service, shuttle service to Huay Kwang MRT station everyday and 24-hour security system using CCTV, keycard and security personnel. The project is managed by a professional team from LPN. As for U Delight @ Jatujak Station, the project is situated in Vibhavadee Soi 3, which is about 3 minutes from Jatujak MRT station and Mor Chit BTS station. There are approximately 900 units on 5-rai land with value of 1.8 billion baht,” he said.
Grand Unity Development Co., Ltd. was established in 2001 by 3 groups of major shareholders namely Univentures PLC, which holds 60%, LPN Development PLC, which has 20% and Yaowawong Holdings Co., Ltd., which holds the remaining 20%. The company focuses its business on developing projects with construction and financial problems and so far has had over 7 projects under management worth over 5.2 billion baht in combined value. These projects include Lumpini Place Water Cliff and Grand Park View Asoke. The company currently has 600 million baht worth paid up registered capital.
Friday, November 20, 2009
Wednesday, November 4, 2009
Index revives plan for India franchise
Index Living Mall Co, the Thai homefurnishing retail chain, is reviving its plan to open franchise stores in India after its first deal two years ago did not get through.
Jarinthorn Patamasatayasonthi, the company's managing director, said the business plan was reviewed after it was contacted by a new Indian investor,who had visited Index Living Mall in Dubai recently.
"We saw a huge opportunity in the Indian market because there are only conventional furniture stores available in the country. While the Indian economy is booming, there is less competition [in the segment] there," she said.
Index was in talks with another Indian investor in 2006 but the deal could not be concluded.
Verachai Kunavichayanont, vicechairman of the furniture club under the Federation of Thai Industries, said demand for Thai-made furniture in India gradually rises every year because products are cheaper than comparable designs from Western brands.
Thai furniture will enjoy an even greater competitive advantage after the free trade area agreement between Thailand and India takes effect next year. Under the FTA, the import tariff on furniture to India will be gradually cut to between zero and 5%, down from 35-40% at present, he said.
Currently, few Asian furniture brands are available in India, leaving Thai brands with much room and potential to expand their businesses.
As well as in India, the company is conducting a feasibility study to open new outlets through the franchise system in the Middle East, said Ms Jarinthorn.
At home, the company plans to spend 1 billion baht to open two more outlets in Bangkok next year in addition to the Bang Na branch, which is to be opened early next year under an earlier plan.
Moreover, the company plans to renovate its existing stores and to adjust product displays.
More designers will be hired to design home decorative items and furniture while the number of exclusive items available at its stores will be increased to 50% from 30% at present.These plans should help Index Living Mall differentiate itself from its rivals.
The company expects its sales to reach 7.5 billion baht this year. Of the total, about 2 billion baht will come from exports. Sales of Index in the first 10 months grew by 8%, slightly below its earlier projection of 10%. Business from Dubai has provided much of the company's sales.
Jarinthorn Patamasatayasonthi, the company's managing director, said the business plan was reviewed after it was contacted by a new Indian investor,who had visited Index Living Mall in Dubai recently.
"We saw a huge opportunity in the Indian market because there are only conventional furniture stores available in the country. While the Indian economy is booming, there is less competition [in the segment] there," she said.
Index was in talks with another Indian investor in 2006 but the deal could not be concluded.
Verachai Kunavichayanont, vicechairman of the furniture club under the Federation of Thai Industries, said demand for Thai-made furniture in India gradually rises every year because products are cheaper than comparable designs from Western brands.
Thai furniture will enjoy an even greater competitive advantage after the free trade area agreement between Thailand and India takes effect next year. Under the FTA, the import tariff on furniture to India will be gradually cut to between zero and 5%, down from 35-40% at present, he said.
Currently, few Asian furniture brands are available in India, leaving Thai brands with much room and potential to expand their businesses.
As well as in India, the company is conducting a feasibility study to open new outlets through the franchise system in the Middle East, said Ms Jarinthorn.
At home, the company plans to spend 1 billion baht to open two more outlets in Bangkok next year in addition to the Bang Na branch, which is to be opened early next year under an earlier plan.
Moreover, the company plans to renovate its existing stores and to adjust product displays.
More designers will be hired to design home decorative items and furniture while the number of exclusive items available at its stores will be increased to 50% from 30% at present.These plans should help Index Living Mall differentiate itself from its rivals.
The company expects its sales to reach 7.5 billion baht this year. Of the total, about 2 billion baht will come from exports. Sales of Index in the first 10 months grew by 8%, slightly below its earlier projection of 10%. Business from Dubai has provided much of the company's sales.
Get a load of Blythe's house!
Shining out from the mountain of home decor at the just-sending Baan Lae Suan Fair is the answer to a weighty question for the modern era: Where, exactly, has Blythe been living?
The cute little doll might be homeless for all most people care but, fortunately, entrepreneur Donlacha Thammarot Teeraeakpakorn has come up a line of furniture for her, called Signorina.
Donlacha, a graphic designer and a veteran in interior design and furniture manufacture, has expanded with a range of ideas for the Hip Maker label.
Debuting at the annual Baan Lae Suan Fair, Signorina is miniature furniture for Blythe, but all of the pieces can be produced in human size too.
Donlacha accords Blythe the full stature of a princess, as she is in the eyes of her millions of fans, so the furniture is sweet and luxurious and vintage in style.
She hasn't lost sight of the need for functionality in the real world, though, and for actual people she's taken inspiration from the compact living spaces of Japanese cities.
"Our company has made everything there is in design," says Hip Maker marketing communicator Pitawan Laorsri, "from graphics and decoration for sales booths and shelves for the fairs to interior decor for houses and offices.
"Signorina is our latest idea:small-scale furniture for dolls that can be produced in full size as well."
The line includes a comfy bunk bed with drawers, a dressing table and a bookcase. Among the more playful-looking items for children are a bed and closet.
There's a choice of top-grade hardwoods in both the real and miniatures sizes.
The Signorina showroom has beds, dresswers, desks, wardrobes and bookcases and some items from Hong Kong, China and Japan.
A corner of full-size home decor is stocked with beautiful wooden cabinets, mirrors, resin photo frames that play music and ceramic lanterns that can be used as aromatic oil burners, all imported from China.
TINY, PERFECT WORLD
The Signorina showroom is at 40/12 Bang Bruai-Sai Noi 15 in Nonthaburi. Call (02)883 8223-4 or visit www.BoothMaker.com.
The cute little doll might be homeless for all most people care but, fortunately, entrepreneur Donlacha Thammarot Teeraeakpakorn has come up a line of furniture for her, called Signorina.
Donlacha, a graphic designer and a veteran in interior design and furniture manufacture, has expanded with a range of ideas for the Hip Maker label.
Debuting at the annual Baan Lae Suan Fair, Signorina is miniature furniture for Blythe, but all of the pieces can be produced in human size too.
Donlacha accords Blythe the full stature of a princess, as she is in the eyes of her millions of fans, so the furniture is sweet and luxurious and vintage in style.
She hasn't lost sight of the need for functionality in the real world, though, and for actual people she's taken inspiration from the compact living spaces of Japanese cities.
"Our company has made everything there is in design," says Hip Maker marketing communicator Pitawan Laorsri, "from graphics and decoration for sales booths and shelves for the fairs to interior decor for houses and offices.
"Signorina is our latest idea:small-scale furniture for dolls that can be produced in full size as well."
The line includes a comfy bunk bed with drawers, a dressing table and a bookcase. Among the more playful-looking items for children are a bed and closet.
There's a choice of top-grade hardwoods in both the real and miniatures sizes.
The Signorina showroom has beds, dresswers, desks, wardrobes and bookcases and some items from Hong Kong, China and Japan.
A corner of full-size home decor is stocked with beautiful wooden cabinets, mirrors, resin photo frames that play music and ceramic lanterns that can be used as aromatic oil burners, all imported from China.
TINY, PERFECT WORLD
The Signorina showroom is at 40/12 Bang Bruai-Sai Noi 15 in Nonthaburi. Call (02)883 8223-4 or visit www.BoothMaker.com.
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