UOB Thailand has recently signed a loan agreement with Preeda Real Estate Company Limited, providing more than one billion baht in credit to finance the development of its mixed-use condominium project, SOLACE Phahol Pradipat.
Ms Amporn Supjindavong, Head of Commercial Banking, UOB Thailand, said, “Real estate is one of the key areas that drive sustainable development of society. UOB is well-positioned to serve the different needs in the industry from project developers to homeowners with comprehensive financial products. We are pleased to grant a credit loan to Preeda Real Estate’s inaugural mixed-use project. This partnership reflects our shared commitment to enriching the quality of lives and communities in Bangkok’s burgeoning areas and aligns with the bank’s vision to support our partners in new growth opportunities.”
Mr Pitipat Preedanont, Managing Director, Preeda Holding Co., Ltd., said, “Our mission is to develop high-quality real estate residential projects at an affordable price. The SOLACE Phahol-Praditpat will be the flagship project of Preeda Real Estate Group. Built under the concept of ‘Live Worldticle’, this first mixed-use project consists of condominiums, office space, and retail shops that will serve the convenient lifestyle of our customers. It is located near Krungthep Aphiwat Central Terminal, the new CBD of Bangkok.”
Ms Piyachat Preedanont, Managing Director, Preeda Real Estate Co., Ltd., said, “The SOLACE Phahol-Praditpat project is inspired by elements of the world—Earth, Water, Forest, and Sky. From the beginning, this unique concept has been translated into the design of the common area facilities where our customers can fully experience nature. The financial loans from UOB not only provide significant funding for the timely construction of this project but also mark the beginning of a promising relationship with a like-minded partner. We look forward to embarking on more exciting projects with UOB Thailand.”
For more information about the SOLACE Phahol-Pradipat, please visit: solacecondo.com.