Nivati Thonglor 23

Luxurious Pedigree and Design

The developer behind Nivati Thonglor 23 is Cevas Properties working in tandem with Sangfah Construction & Engineering, one of Thailand’s leading building companies operating since 1967 and responsible for some of the City’s most luxurious condominiums including the Four Seasons Residences and Magnolias Rajadamri Boulevard. Construction management is by Stonhenge who have completed more than 200 buildings in Thailand and architecture is by DWP, an award-winning global design company responsible for the Mandarin Oriental Residences Bangkok and Thailand’s most expensive condominium to date, 98 Wireless.

Sophisticated Facilities & Specifications

Located in the heart of Thonglor, Nivati Thonglor 23 redefines exclusive low-rise contemporary urban living with an elegant, timeless lifestyle sitting within its own grounds and featuring a cutting edge automatic secure basement car parking system.

Facilities at Nivati Thonglor 23 include a grand lobby area, a swimming pool and a jacuzzi, a professional gymnasium and a business lounge. There will be 24-hour security.

All units are delivered fully fitted with kitchens, including a hob and an extractor, fully fitted bathrooms, engineering wood flooring, and air-conditioners. Fixtures and fittings are by Poggenpohl, Dornbracht, Siemens and Villeroy & Boch. All units have an electronic front door lock. Ceiling heights are 3 metres in all living areas.

Residences and Prices

There are 2 unit-types available at Nivati Thonglor 23, and each type is available in both simplex and duplex layouts, with floor areas and configurations as follows:

2-Bedrooms: Duplex Types from 157 to 201 M2, Simplex Types from 104 to 139 M2. Starting at THB19,045,899 after discount (HK$4,701,661, SGD810,733, US$599,023, CNY4,010,159, EURO527,065).

3-Bedrooms: Duplex Types 221 M2, Simplex Types 178 M2. Starting at THB34,248,155 after discount (HK$8,459,307, SGD1,458,713, US$1,077,769, CNY7,212,739, EURO948,226).

All Richmont’s buyers are entitled to exclusive discounts of THB600,000 for 2-Bedroom Types and THB1,200,000 for 3-Bedroom Types.

 

Reservation and Payment

Payment terms for Nivati Thonglor 23 are simple and straightforward. A booking fee of THB200,000 for 2-Bedroom Types and THB300,000 for 3-Bedroom Types (or the equivalent in foreign currency) is required as soon as possible to reserve your unit.

Thereafter a further 15% deposit (less the booking fee) is required to be paid within 15 days after which a Sales & Purchase Agreement (SPA) is prepared. Draft copies of the SPA are available upon request. A second 15% deposit is required within 30 days of booking. No further payment is required until completion in September 2019 at which time the remaining 70% will be due.

Purchasers are free to re-sell their units at any time and mortgages are available for qualified foreign buyers from UOB, ICBC, BOC and MBK.

The Common Area Management charge for Nivati Thonglor 23 will be THB120/M2/Month and the one-off Sinking Fund payment will be THB1,000/M2.

Future Infrastructure and Development

The area around the Nivati Thonglor 23 is expected to enjoy significant capital growth in property values when Phase 1 of the Grey Monorail Line planned from Raminthra to Thonglor BTS Station operates. The environmental impact assessment study for the Grey Line has been completed and the construction of Phase 1 is expected to take 3 years.

The Grey Line will intersect with other mass transit lines when all three phrases are completed including the Pink Line, the Yellow Line, the Orange Line, the Light Red Line, and the Green Line at Thonglor BTS Station. The Grey Line is expected to carry around 140,000 daily commuters.

 

Highlights of Nivati Thonglor 23

Location: Easy access to Thonglor Road, Sukhumvit 49 and Ekamai Road with multiple amenities on the doorstep. The Grey Monorail Line is planned to pass within 400 metres of the development

Price: A strong investment with current prices on Thonglor Road exceeding THB300,000 per square metre in recent launches

Investment: Higher than average capital growth expected as new infrastructure opens. High rental demand from locals and expatriates, projected 4-5% rental yields

Payment terms: 30% deposit required with mortgages of up to 70% LTV available for qualified foreign borrowers

After Sales Services: Richmont’s provides bespoke furnishing and management services to all clients of Nivati Thonglor 23.

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Location and Entertainment

Located in Thonglor, one of Bangkok’s most popular residential areas, Nivati Thonglor 23 is conveniently situated between Sukhumvit Soi 49, Thonglor Road (Sukhumvit Soi 55) and Ekamai Road (Sukhumvit Soi 63). Well-known shopping centres including EmQuartier, The Emporium and J Avenue are within easy reach, as are multiple restaurants including The Commons, hospitals including Samitivej and Camillian and schools such as Bangkok Prep and St Andrews International School.

Thonglor is one of Bangkok’s most visited entertainment streets, well known for its classy bars, boutique shops, fashionable clubs and restaurants serving practically any regional cuisine you can think of. This is traditionally the domain of ultra-fashionable and moneyed Thais but in the last few years, more and more foreigners have been enjoying the Thonglor scene, attracted by the sophisticated environment. Bangkok’s newest dining concepts and the latest music trends often land in Thonglor before anywhere else adding to the area’s attractiveness to younger Thais and foreigners alike.

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Nivati Thonglor 23