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BROKERAGE - COMMERCIAL & RESIDENTIAL PROPERTY - ASIA

Marcus Sandberg Real Estate Brokerage

INVESTMENT OPPORTUNITY; HOUSING DEVELOPMENT, RANGSIT, THAILAND

 

Type:Land development - residentialalt
Size:24 220 sq.m GFA, 40 563 sq.m land area
Status:Active - for investment
Capital:Looking for US$3,65 million


Rangsit is a city in Pathum Thani Province, a suburb of Bangkok. Pathum Thani is a fast developing area with high concentration of higher education institutions and large number of industrial parks. Future Park Rangsit, one of Asia's largest malls, is located 3 km from the project site. The demand for housing is significant in Rangsit due to  increased employment in the area.

The Business
An investment opportunity for a housing development project with 194 villas for long term residential living with extraordinary housing design at a competitive villa price level. Three housing models; 56 sq.m, 135,75 sq.m, 137 sq.m, on 210 - 245 sq.m plots with easy access to main roads.
Total project cost: $19,4 million.

Progress/Proof
A Japanese project manager. A local developer from Thailand owns the land for the housing development. The developer has already completed the back side of the target land for 50 single houses. Business plan & executive summary, projected financials, and feasibility study is completed and available for review for the new project.

Objectives/Future
The developer will assign the land to a new JV Co to be established.
Construction and sales of all villas completed in 20 months. Total sales revenues: US$25,3 million.

The Deal
Investor is proposed to invest US$3.65 million to the JV Co, which equals the value of the land.
Break even at 138 sold villas (71,1%).
30% NOI cap rate. 66% IRR.

Please contact Mr. Marcus Sandberg for further information & questions, documentation, and site visits:  marcus.sandberg@brokerage-asia.com

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