New mall planned for Sukhumvit 101
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Thai property developer Magnolia Quality Development Corporation has unveiled a stunning, futuristic mixed use development plan for Sukhumvit 101.
Whizdom 101 is a massive 30 billion baht US$883 million project which when complete will comprise 340,000 sqm of space: a 20,000 sqm retail shopping centre, 30,000 sqm of office space, 10,000 sqm for a sports and wellness facilities. The balance of the space will house 1800 residential units in three high rise towers.
The first tower – Whizdom Connect Sukhumvit – will house 600 apartments, 60 per cent of which have already been reserved since they were placed on the market a fortnight ago. Construction is scheduled to commence from october this year and be completed mid-2018.
Suttha Ruengchaipaiboon, an executive vice president of Magnolia, said the company is targeting younger people from Thailand, China and Asean. A roadshow promoting the project will visit Hong Kong, Malaysia, Singapore and Indonesia during the second half of this year.
Magnolia is a partner in the massive IconSiam mixed use project in partnership with Siam Piwat, under construction on the banks of the Chao Praya River.
Questions & Answers
Q.What is the total size and cost of the Whizdom 101 development?
What is the total size and cost of the Whizdom 101 development?
The Whizdom 101 project is a massive 30 billion baht (US$883 million) development. It will comprise a total of 340,000 square metres of space upon completion. This includes retail, office, sports, wellness, and residential areas.
Q.What types of facilities will be included in the Whizdom 101 project?
What types of facilities will be included in the Whizdom 101 project?
The Whizdom 101 project will include a 20,000 sqm retail shopping centre, 30,000 sqm of office space, and 10,000 sqm for sports and wellness facilities. It will also house 1800 residential units.
Q.When is construction of the Whizdom 101 development expected to start and finish?
When is construction of the Whizdom 101 development expected to start and finish?
Construction of the Whizdom 101 project is scheduled to commence from October this year. The entire development is expected to be completed by mid-2018. The first residential tower has already seen significant reservations.
Q.Which groups of people is Magnolia targeting as potential residents for this new development?
Which groups of people is Magnolia targeting as potential residents for this new development?
Magnolia is targeting younger people from Thailand, China and Asean as potential residents. To promote the project, a roadshow will visit Hong Kong, Malaysia, Singapore and Indonesia during the second half of this year.
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