On Saturday (December 8) Able held the official launch of its Centrio project at Central Festival, with an appearance by soap opera actress Janie Thienphosuvan and local Gangnam dancers to attract the crowds.
The project will go up on Chao Fa West Rd, close to Central, on a five-rai plot opposite the Wichitsongkram School.
It will consist of three eight-storey buildings with a total of 504 units ranging from 30 to 60 square meters in floor area. Prices start at B1.49 million and the project is expected to be complete in two and a half years.
Able Asset is a new company, founded earlier this year with paid-up capital of B100 million. Heading it is managing director Kasidit Manopinives, a veteran of Tesco-Lotus, where he was head of design and construction for 14 years and then head of property services development for another two.
He is also MD of Sittarom Residence Co, which jointly developed Baan View Viman Condominium in Hua Hin, which is 90 per cent sold.
Common facilities at Centrio will include a lobby, golf putting green, exercise room, swimming pool and 24-hour security system with key card.
Target customers, Able says, are 70 per cent Thais and foreigners already living in Phuket and 30 per cent from nearby provinces.
Able Asset’s ambitious plans include two to three projects a year in Bangkok and Greater Bangkok, each valued at B500 million to B1.5 billion.
“We have [a significant] land bank and are looking for more potential locations to be added to our portfolio to support our future projects,” Mr Kasidit said.
“We are placing no limits on our development concepts – vertical or horizontal; each project depends on the land we have.”