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Mandarin Oriental to locate first Branded Residences in SE Asia at ICONSIAM

Mandarin Oriental Hotel Group, today (Wednesday 29th October) signed an agreement with The ICONSIAM Superlux Residence Corporation Limited to brand and manage 146 super-luxurious waterfront residences at 'ICONSIAM' - the new Bht 50-billion riverside national landmark in Thailand that is being developed by a joint-venture partnership between Magnolia Quality Development Corporation Limited, Siam Piwat Co., Ltd., and Charoen Pokphand Group. The Residences are the first 'Mandarin Oriental' branded residences in Southeast Asia, and are situated diagonally across the Chao Phraya River from the Mandarin Oriental Hotel, Bangkok.

To be called 'The Residences at Mandarin Oriental, Bangkok', the super-luxury, freehold condominiums are in a 52-floor building that is being built at a cost of Baht 7,000 million (US$215 million). The building is located on the 50-rai (20-acre) ICONSIAM site that also includes another luxurious residential building of 70 floors, called the Magnolia Waterfront Residences, two of the world's most glamorous retail complexes, as well as seven attractions that will be the first of their kind in Thailand, including a spectacular waterfront promenade.

Ms. Tipaporn Chearavanont, Director and CEOof The ICONSIAM Superlux Residence Corporation Ltd., said, "ICONSIAM is the most sensational development that has ever been undertaken in Thailand Thailand and it will be a destination of global fame. We aim to reinforce our goal to make ICONSIAM a place where the

where the best of Thailand meets the best of the world by including residences that are among the finest in the world. The Mandarin Oriental Hotel Group holds a legendary position in the provision of hospitality services, and we are proud that ICONSIAM will be the location for their first branded residences in Asia."

Mr. Edouard Ettedgui, Group Chief Executive of Mandarin Oriental Hotel Group, said, "We are delighted to be introducing The Residences at Mandarin Oriental to one of Asia's most vibrant cities. Bangkok holds enormous potential as one of the world's great destinations and we are pleased to be a part of this extraordinary development that can help the city strengthen its position as a wonderful city in which to live."

Mr. Thanawan Chaiwatana, Managing Director of The ICONSIAM Superlux Residence Corporation Ltd., said, "The residences will be ready for occupancy in 2018. They are designed to reflect the best of contemporary lifestyles and be of a standard to match or exceed the very best residences in New York, London, Tokyo, or Shanghai. They are targeted at very high net worth people who expect the same superb standards, no matter what city they are in, and who appreciate the heritage of this great brand and its promise of refinement."

According to Mr. Thanawan, the residences range in size from 132 to 690 square metres, and all have unobstructed views of the Chao Phraya River and the city skyline. The residences are fully fitted and there are multiple, customizable interior decoration options.

He added, "The Mandarin Oriental brand represents an assurance of the most exceptional standards in premium quality materials, design, property management as well as the services that are provided to owners. The brand also represents the promise of the best of both worlds: the comforts of a private home combined with the unsurpassed amenities and legendary service of Mandarin Oriental."

Mr. Thanawan said that The Residences at Mandarin Oriental, Bangkok is being launched globally and aims to "lift the bar on the quality of homes that residents and investors can expect in Bangkok." He noted that the availability of super-luxury homes will reinforce Bangkok's position as a hub city in the ASEAN Economic Community that will be created in 2015 and which is expected to fuel demand for world-class homes in Bangkok by global businessmen doing business with Asia.

Among the exceptional features of The Residences at Mandarin Oriental, Bangkok are the combination of the world's highest standards of service with superlative construction, fit-out and facilities. The building is located close to the river, with each unit having its own, private lift entry, 3.20-metre high ceilings, and common areas that are around three times greater per unit than most grade-A rated condominiums.

Residents are provided a variety of leisure facilities, including an exclusive sky lounge, meeting rooms and secluded dining space. A private Residents' Clubhouse with outstanding river views will offer an outdoor infinity-edge lap pool as well as a children's pool. There will also be a state-of-the art Fitness Centre together with golf simulation, games and media rooms, plus additional dining facilities and car parking.