The current trend for building more compact and affordable residential units seems to be en-vogue at the moment and is something being adopted whole-heartedly by Bangkok developer Noble Development PCL in their latest project, Noble Revolve.
The high rise condominium residence, located just 350 metres away from BTS Ari Station, will comprise 38 floors encompassing a total of 483 units plus a commercial zone on 4 floors. Units at the development range in size from one bedroom at 26sqm (starting from THB 2.6 Million) to larger two bedroom apartments.
Thongchai Busrapan, Managing Director of Noble Development PCL, stands next to a scale model of the Noble Revolve project.
“The trend of city living in the metropolis is leaning toward, for the lack of better word, ‘Micro-Units, with the conceptual size of living space running at around 275-300 square feet, or 25-28 square metres,” explains Thongchai Busrapan, Managing Director of Noble Development PCL.
“The perfect illustration of this idea is New York, where ‘Micro Units are becoming more and more popular as real estate prices skyrocket” he continued. “The concept enables even youngsters to actually be able to own their own homes without having to give up access to the vibrant city life.”
The company says the project is being designed for the new generation whose lifestyle does not depend on the old school platform. ‘Revolve Living’ is the concept that has been introduced and the room sizes will be “more compact with a reasonable price tag but without compromising on the finest details,” added the Noble chief.
The Noble Revolve project is sighted on a 2-1-70 Rai land plot and has a total value of THB 2 Billion. Facilities at the development will include a sky lounge, infinity edge swimming pool, steam room, and library lounge. Units started going on sale from last month and the company reported sales figures of 1,200 million baht in the first week alone, representing 60% of the total project value. Construction on the development is expected to begin in August 2013.
