Property/ASW

Editorial team

'ASW' continued partnership with Japan’s property giant 'Takara Leben'
to develop ‘Kave Seed Kaset’ campus condo worth 1.35 billion baht

“Assetwise Public Company Limited” (ASW) announced its continued partnership with Japanese real estate giant “Takara Leben” to co-develop “Kave Seed Kaset” a new campus condominium project worth over 1.35 billion baht on a high potential location along the commuter train route near Kasetsart University.

This development is a testament to the confidence in the capability of the company and the project, combining the partner’s strong credential in its expertise in the development of real estate projects with ASW’s strength in meeting the lifestyle needs through the creation of projects that fulfills the housing demand of Gen Z.

Mr. Kromchet Vipanpong, chief executive officer of Assetwise Plc (ASW)

Mr. Kromchet Vipanpong, chief executive officer of Assetwise Plc (ASW), the leading lifestyle real estate developer under the “We Build Happiness” concept, said that the company continue to expand the business with the latest development being a joint venture agreement with “Takara Leben”, which is one of Japan’s leading real estate developers, to coinvest in a new condominium project with the company holding a 51 % share and Takara Leben holding the remaining 49 % to develop the “Kave Seed Kaset” campus condominium.

This project is a 1.35-billion-baht 600-unit condominium classified into 1-2-bedroom units with usable spaces of from 22 to 47 square meters with a starting price of 1.89 million baht located in Soi Phaholyothin 34 near Kasetsart University.

The project is strikingly designed, modern and distinctive. ASW is bringing into the development of this project its experience as a lifestyle leader and incorporating more than 30 features into the expansive common area that fulfills the demand of both students and office workers. This is blended with the experience and expertise in real estate project development of Takara Leben to ensure that “Kave Seed Kaset” condominium is thoroughly outstanding and completely fulfill the lifestyle needs of the new generation.

This most recent joint venture with Takara Leben is the second co-developed condominium project after previously having jointly invested in a development in the Bangna area, pushing the total worth of co-developed projects to over 3.550 billion baht.

The investment reflects the strength of the ‘KAVE’ brand, with its high potential. The ‘Kave Seed Kaset’ project with its striking design is located in an ideal location, thus it is expected to generate good yield for real estate investors. Currently, sales have concluded for over 40 % of the project value,” Mr. Kromchet said.

Mr. Hiroshi Iwamoto, director of Takara Leben Company Limited, said Takara Leben is listed on the Japanese Stock Exchange. The Company has a total revenue of 162,740 million yen, or approximately 41,631 million baht (as of March 2022).

It has extensive experience in real estate development with over 500 projects under the brands “Leben”, “The Leben”, “Nebel”and “Leben Platz”. Moreover, the Company also has a power plant business and hotels in Japan. Currently, Takara Leben is expanding its real estate investment into the ASEAN region such as Thailand, Vietnam, etc.

“We recognize that the real estate business trend in Thailand has a great potential for growth, especially the condominium projects along commuter train lines and near educational institutions. With that in mind, the company has decided to jointly invest with ASW to develop this second condominium project to build on the success of our first jointly developed project in the Bangna area. We see ASW as a modern property developer that is determined to improve the quality of living to meet every lifestyle needs for every generation which is in line with our vision,” said Mr. Iwamoto.