Operation of Business
Past projects
Ficus Lane
Ficus Lane is the Company’s first residential condominium project. Its construction started in 2004 and completed in 2006. The project’s detailed information is shown below.
Project Detail (As of December 31, 2013) Location
Soi Sukhumvit 44/1(Pichaisawat) Sukhumvit Road, Klong-Toei District, Bangkok
Total area
2-3-57 Rai (1,157sq.wah)
Sale area
Approximately 12,109.8 sq.m.
Average sale price per sq.m.
Approximately 75,000 Baht/sq.m.
Project’s detail
Two 7-storey residential buildings
Project’s features
• Prime location in Soi Sukhumvit 44/1, adjacent to Phrakhanong BTS station • High level of privacy and security
Number of units
70 residential units, categorized into three types: • Residential units with 1-3 bedrooms: 60 units • Residential units with 3-4 bedrooms: 6 units • Penthouse: 4 units
Project value
Approximately 910.0 MB
Construction period
2004 - 2006
Sale period
2004 - present*
Progress on construction
100% (construction completed)
Progress on sale
Units sold and under contracts equal to 95.2% of total sales area
Recognizable portion
92.1% (67 units)
* As of December 31, 2013, Ficus Lane has one 366.6 sq.m. residential unit whose sale agreement has been signed but ownership transfer has not been completed and two unsold units with a total area of 585.09 sq.m.
Annual Report 2013
29