Golden Land Property Development PLC (the “Company) was established in 1978 to operate the business of property development. The Company was listed on the Stock Exchange of Thailand on 29th March, 1994 and converted from a private limited company into a public limited company on 17th June, 1994.
Set out below are selected highlights of the Company’s performance during the past 3 years
| Year |
Significant events |
| February 2004 |
The Company officially launched the Sky Villas project which has apartments for long-term lease in The Ascott Piriya Tower on Sathorn Road, located in the Central Business District in Bangkok. The project is comprised of 132 units, offering ultra luxurious private residences for long-term residence. |
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| May 2004 |
The Company officially launched The Ascott Sathorn Serviced Apartment in the Ascott Piriya Tower, in the same building as the Sky Villas Apartments, located in the Central Business District in Bangkok. The serviced apartments have interior design of the highest standard, with full facilities including fully functional kitchens and the latest in entertainment and IT systems. The Ascott Group, the world’s largest operator of serviced apartments, is the manager and service provider of this project. |
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| August 2004 |
The Company launched Phase I of its Baan Bangna project under the name of “Grande Monaco.” This project is comprised of 2-storey single detached houses, each unit covering an area of 75-210 square wah, and has a total of 175 land plots. The target group for this project is upper-middle class and top-class income earners. The location is off the Bangna-Trad Road near km 8. |
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| February 2005 |
The Company launched “The Infinity” project, the most luxurious six star condominium residence in Bangkok, and achieved the highest selling prices per square metre of any condominium in Bangkok. This 33 storey building contains 123 units with areas of 85-360 square metres, located on prestigious Narathiwas Road near Sathorn Road. The Infinity’s living spaces and rooms will be decorated with the most elegant and luxurious interior finishing, with state-of-the-art electronic facilities. The Infinity has been extremely well received, and was 100% sold out during 2006. |
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| February 2005 |
The Company launched “Golden Legend” Phase 3 under the concept name of “The Palms.” The 35 houses, which have land areas of 100-350 square wah are designed in a Mediterranean style. Its location is in an exceptionally prime and prestigious area on Sathorn New Road, conveniently just five minutes from Sathorn Bridge and 3.5 kilometers away from the BTS station on New Sathorn Road. |
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| October 2005 |
The Company redeemed Baht 1,100 million secured amortizing fixed rate debentures issued in 2002. |
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| May 2006 |
The Company’s subsidiary North Sathorn Realty Company Limited successfully concluded a Baht 1,080 million syndicated loan for The Infinity Condominium with Kasikornbank and Bank of Ayudhya. |
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| June 2006 |
The last unit at The Infinity was sold, resulting in a 100% sell-out of this luxury condominium at prices of up to Baht 159,000 per square metre. |
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| October 2006 |
The Company agreed with the Crown Property Bureau to exchange its leasehold development site at Soi Polo for a 9 rai leasehold site at the intersection of Rama IV Road and Ratchadapisek Road. |
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