'ASW’ joins 'TOKYO TATEMONO'

Editorial Staff

'ASW' joins 'TOKYO TATEMONO' in 2nd joint venture, targeting campus condo market near Burapha University.

Venturing together to develop the 'Kave Coco Bang Saen' valued over two billion baht

Asset Wise Public Company Limited (ASW) has teamed up with the leading Japanese real estate giant, TOKYO TATEMONO, to invest the "Kave Coco Bang Saen" project, valued over two billion baht, targeting the campus condo market near Burapha University.

Mr. Kromchet Vipanpong, CEO of ASW recently entered into a joint venture with Tokyo Tatemono Asia Pte. Ltd., subsidiary of Tokyo Tatemono Co.,Ltd to develop the "Kave Coco Bang Saen" condominium project, located near Burapha University, with a project value of over two billion baht. This successful collaboration further solidifies ASW's leadership in the campus condo market, focusing on condominiums located near educational institutions, with ASW holding 51% of the shares and Tokyo Tatemono holding 49%.

"This joint venture marks the second project between our company and Tokyo Tatemono, working together to create residential solutions that cater to the lifestyle of the new generation. It reaffirms the confidence Tokyo Tatemono has in our company as a leader in the Campus Condo market and the lifestyle-oriented real estate market in Thailand. Tokyo Tatemono, a reputable and well-established Japanese listed on the Japanese stock exchange, has a diverse portfolio of real estate developments, including residential and commercial properties, such as hotels, golf courses, and office buildings. They are known for their attention to detail and commitment to developing high-quality projects. In 2022, Tokyo Tatemono's revenue reached up to 86 billion baht, with registered capital of 24 billion baht," said Mr. Kromchet.

As for the "Kave Coco Bang Saen" project, it consists of an 8-story condominium comprising 4 buildings with 974 units ranging from 23 to 34.50 square meters each, situated on over 8 rai of land near Burapha University. The project is surrounded by a vibrant community of students and working professionals. Starting at 1.59 million baht a unit, the project’s total value amounts to two billion baht.

The CEO of ASW, in discussing the real estate market in Chonburi province, highlighted its remarkable and continuous growth. Chonburi is one of the areas in the Eastern Economic Corridor (EEC).