Sunday, January 15, 2012

Updates on the Iconic The River Project in Bangkok

The River is a 2 tower mixed commercial and residential project by the Chao Phraya river in Bangkok by reputable builder Raimonland. The project offers various layouts of 1, 2 and 3br units. Those facing the river especially on high floors were snapped up during launch some 3 years ago. Back then, they were priced from around RM600psf. But I understand now, even low floor units facing the Thonburi suburb and afternoon sun is hovering around RM1,300psf. But sales are apparently slowing down and the developer is offering a RM30,000 discount. However, with the discount, it is no where going to be near the launch price.

The developer has been sending regular updates by email which can also be followed on facebook. Work has been slow over the past 3 years but that is expected from this very challenging and massive project which sits on soft ground. CharoenKrung road on the Thonburi side of Bangkok was also flooded recently but this does not stop the project from progressing to this iconic level today.

As of January 2012:

Work continues to bring the project to Occupation Permit Inspection scheduled for December. The inundation of greater Bangkok has directly disrupted the logistical supply chain for materials, labour and transport. The delays arising indirectly from such flooding remain to be quantified and will become the subject of recovery programme once the extent is understood. Both the South and the North Tower's structure has been completed and the curtain wall and window wall is complete. Critical path works of architectural trades, MEP and finishing trades continues. internal ceiling works to corridors, lift lobbies, unit bathrooms and waterproofing/wall/floor tiling/wood flooring are ongoing. Mechanical (fire, sanitary and MVAC systems) and electrical services are ongoing. Testing of mechanical, electrical, fire safety and MVAC systems is continuing. Main transformers, stand-by generators and main distribution boards installation is complete and the project has been energized. The main entrance lobby contracts and kitchen installations are both ongoing. Civil and external works on roads, boundary fence and drainage are near completion while the car park/podium cladding is being finished.

1 comment:

Anonymous said...

Sin Leong. Could you comment on SG besi Mid field condo where cost around 420K now ? good buy ?