New | Country Group Development pioneers new concept in prestige Bangkok riverfront residence
Chao Phraya Estate offers a fusion of five-star hotel branding, an international school and private residences
Thai developer Ben Taechaubol, 38, is embracing a unique model for prestige Bangkok residences. He wants to focus in new sectors and lead Country Group Development, in which his family has a 31.36 per cent stake, to broaden their income stream.
Taechaubol who holds the position of development director at Country Group Development, joined the firm shortly after completing his studies at the University of New South Wales in 2005.
He was appointed chief executive in 2010 and has since led the company’s most significant project to date, Chao Phraya Estate, a 32 billion baht (HK$7.05 billion) luxury residental -hotel project.
The 73-storey Four Seasons Private Residences made a strong impression upon Hong Kong buyers during a marketing debut last year, attracting more than 1 billion baht in sales following two separate sales events. When completed the project will feature a 312-room Four Seasons Hotel and the 101-room Capella Hotel, along with a high-rise residential block.
Taechaubol, a Thai Chinese, also launched Thailand’s first international real estate investment trust in December by repackaging its newly acquired 2,300 square metre data centre, Anchorage Point, in London.
