CHEWA Partners With Kajit Luanpitpong To Establish the Company CHEWA HEARTTo Penetrate Into Townhomes and Cover All Segments, With the Support from a Solid Real Estate Ally

Real Estate Press Releases Friday June 9, 2017 16:21
Bangkok--9 Jun--CHEWATHAI

CHEWATHAI PLC. –or CHEWA –joins forces with "Kajit Luanpitpong" (Condo Man) to establish the company "CHEWA Heart", driving towards developing townhomes and covering all segments of real estate. "Boon Choon Kiat" stated that the experience in real estate from both sides would increase consumers' confidence and accurately respond to their needs, while support and strengthen business potential in the future.

Mr. Boon Choon Kiat, Managing Director of CHEWATHAI PLC. (CHEWA) announced that the company has partnered with Mr. Kajit Luanpitpong (Condo Man) to establish the company, CHEWA Heart Co., Ltd., under the concept of "Construct your life with our heart" with the purpose to conduct a business in townhome development and target high-end customers; thereby, covering all segments and strengthening the existing businesses of the company. Meanwhile, the Condo Man will support the business in terms of sales and marketing, while CHEWA will be responsible for management, construction, and provision of investment funds. The first project that will be operated is "Heart Sukhumvit", with a project value of 160 million Baht. It is located on Sukhumvit Road, near BTS station, and comprises of 8 units of 3.5-storey townhome, starting at 16 million Baht, which is expected to be completed in August 2018.

Mr. Boon Choon Kiat further stated that "this partnership is considered as a new phenomenon to the real estate industry, since Mr. Kajit (Condo Man) is renowned for providing information relating to real estate projects, particularly condominium. He has an interest in investing in townhome projects as a means of investment, while CHEWA is interested in developing its products into horizontal properties, specifically townhomes. As such, both parties can integrate their competencies in developing related projects and increase the business synergy. Most importantly, it will enable the company to have products that cover all segments, which correspond to the needs of consumer.

"CHEWA Heart Co., Ltd. has a registered capital of 10,000,000 million Baht, comprising of 100,000 ordinary shares at a par value of 100 Baht. CHEWA holds 70% of the share, while Mr. Kajit Luanpitpong holds the remaining 30% of the shares. The sources of funds will come from the financial intuitions and the company's working capital," Mr. Boon Choon Kiat concluded.

Mr. Kajit Luanpitpong (Condo Man) asserted that this business partnership with CHEWA is considerably promising and delightful because it is the collaboration between individuals with expertise and experience in real estate, with the purpose to deliver the best residence to consumers, while thriving in this highly competitive industry that requires extensive development to cover all of the market segments.

"CHEWA is considered as an important business partner and this partnership is crucial for both parties in collaboratively expanding the business to the fullest potential in the future. It is a promising initiative to promote and raise public interest in the real estate industry. I have gained trust from CHEWA to be responsible for product development, marketing, and sales. Meanwhile, CHEWA will take care of management, construction, and provision of investment funds. Although I have engaged in various real estate businesses, I have limited experience in sales. Therefore, the collaboration with a public limited company like CHEWA will undoubtedly and perfectlyreinforce the strengths of our business in terms of experience, capital, and reliability, which consequently enhances the potential in future investment and serves as a solid foundation for the development of future projects. We are committed to creating "CHEWA Heart" as another alternative for the consumers. We will take care of our valued customers with no negligence. In addition, we plan to open at least five projects within five years; and apart from typical townhomes, we also aim at developing a city townhome in a condominium location," Mr. Kajit stated.

Mr. Kajit Luanpitpong (Condo Man) is regarded as an individual with experience in developing real estate for rental purposes, including apartment, warehouse, home office, shop house, and billboard. He has engaged in real estate development since 2007, when his portfolio has grown steadily with respect to time. After that, he began to invest in stocks and condominium, and eventually became renowned for his blog under the name of Condo Man. He is also the co-founder of Propholic website.


Latest Press Release

New Launch Tinidee Hotel@Bangkok Golf Club Making a Difference for Business and Leisure

The re-birth of something new is always memorable, as is the transforming of Bangkok Golf Spa Resort into the "Tinidee Hotel@Bangkok Golf Club", a fresh and exciting resort under the Tinidee Brand. The brand's unique positioning features 3 "W"s -...

Regus opens new office at BHIRAJ TOWER at BITEC

Photo caption: Pitiphatr Buri (second left), Managing Director of BHIRAJ Management Co., Ltd. under BHIRAJ BURI GROUP is seen with Noelle Coak, (second right), Thailand Country Head of Regus during the contract signing ceremony to open the 17th Regus...

ALEXANDER SCHOELL HAS BEEN APPOINTED GENERAL MANAGER AT MARRIOTT EXECUTIVE APARTMENTS SATHORN VISTA BANGKOK

Marriott International recently announced the appointment of Mr. Alexander Schoell, new General Manager of Marriott Executive Apartments Sathorn Vista Bangkok. Mr. Schoell brings a wealth of international experience with him from his career background in...

Gyproc and Weber join together to bring the best innovative solutions at Architect 18 1-6 May, 2018, IMPACT

Thai Gypsum Products Public Company Limited, the first gypsum manufacturer in Thailand and innovator of the leading brand "Gyproc", and Saint-Gobain Weber Co., Ltd. (under the Gecko trademark), leader in tile adhesive/grout, waterproofing and...

Bangkoks Property Market : 7 Hot Issues

Nexus Property Marketing indicated the property market in Bangkok has been adjusted to serve the foreign investment, while more mid-sized players and new developers tap into the market. Large-sized developers seek the investment opportunity in the...

Related Topics