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FOR IMMEDIATE RELEASE
NEWS RELEASE
Mitsui Fudosan to Participate in New High-Rise Condominium Project in Bangkok, Thailand
(Approx. 1,200 Units)
—Fourth Project in Bangkok—
 Tokyo, Japan, March 10, 2015 - Mitsui Fudosan Co., Ltd., and Mitsui Fudosan Residential Co., Ltd., has
announced its decision to participate in a new high-rise condominium project, the “Ashton Chula-Silom”
(approx. 1,200 units) in central Bangkok, the capital of Thailand, through Mitsui Fudosan Asia Pte. Ltd.
(headquartered in Singapore), which is a joint venture of Mitsui Fudosan and Mitsui Fudosan Residential. The
project is being carried out jointly with Ananda Development Public Co., Ltd., a leading local residential
development company. With the addition of this project, Mitsui Fudosan Co., Ltd., is now carrying out a total
of 12 residential projects in Southeast Asia, and that total rises to 14 if commercial properties are included as
well.
 This project features a 56-story, 1,180-unit (planned) residential building. The site is adjacent to the SilomSathorn area, and is extremely convenient position for transportation in the central Bangkok, being just a 3minute walk from the Sam Yan MRT Station. The area is also home to Thailand’s leading university,
Chulalongkorn University, and numerous other educational and medical facilities, and it offers easy access to
Thailand’s famous 57-hectare Lumpini Park, the Siam Paragon shopping center, and other attractions, making
it an exceptionally convenient area in which to live.
 The Bangkok real estate market has continued to exhibit steady, long-term growth, and the increasing
middle-income population is driving strong demand for residences. Mitsui Fudosan is already carrying out
several projects in collaboration with Ananda Development—Ideo Q Chula-Samyan, Ashton Asoke, and Ideo
Q Siam-Ratchathewi (approx. 3,000 units total)—all three of which have been selling well. This will be the
company’s fourth joint project with Ananda Development. In carrying out this joint development project,
Mitsui Fudosan will fully utilize the expertise it has accumulated in housing development, marketing, and
other areas in the course of conducting business in Japan and Singapore to date.
 The Mitsui Fudosan Group has positioned overseas business as one of its growth areas. In Asia, the Group
has residential projects in Thailand, Singapore, Malaysia, Indonesia, and China. The Group is also developing
a number of commercial properties including the “Mitsui Outlet Park Kuala Lumpur International Airport
(KLIA) (tentative name)” in Malaysia, the “Shanjing Outlet Plaza-Ningbo ” and the “LaLaport Shanghai
Jinqiao (tentative name)” in China, and the “Taiwan Linkou Outlet Project (tentative name)” in Taiwan. In
addition, under “Innovation 2017,” the company's long-term business plan through to FY2017 that was
announced in 2012, the Group is planning to execute investments of approximately ¥500 billion in Europe,
America, and Asia by FY2017.
###
[Plan overview]
(1) Ashton Chula-Silom
Rama IV, Bang Rak, Si Phraya, Bangkok 10500 Thailand
Location
3 minutes’ walk from the subway (MRT) Sam Yan Station
Access
7 minutes’ walk from the elevated railway (BTS) Sala Daeng Station
6,752.8 m2
Site area
Total exclusive
Residential area 41,542 m2
floor area
56 floors above ground
Structure
1,180 (planned)
Number of units
April 2015 Start of sales
May 2015 Start of construction
Schedule
March 2018 Completion
*About Ananda Development Co., Ltd.
• Established in 1999, Ananda Development Public Co., Ltd., is a leading Thai housing developer that listed
its shares on the Thai Stock Exchange of Thailand in December 2012.
• It has built a distinctive value chain with its own housing management company, real estate brokerage
company, and construction company within the group. It also manages a membership organization whose
members are potential customers.
• Through the mass media, Ananda Development promotes a comfortable, urban residential lifestyle, and it
concentrates on properties close to downtown mass transit stations.
• It has a market capitalization of 51 billion yen (as of March 2015) and revenues of 39 billion yen (fiscal
2014).
Attachments:
1. Site map
2. Route maps of the Bangkok BTS (elevated railway), MRT (subway), and ARL (airport rail link) systems
3. List of Mitsui Fudosan’s current projects in Southeast Asia
Attachment 1: Location map
Attachment 2:
Route maps of the Bangkok BTS (elevated railway), MRT (subway), and ARL (airport rail link) systems
BTS
N8
モーチット(MO Chit)
MRT
チャットゥチャックパーク
(Chatuchak Park)
乗換え可能駅
ﾊﾞﾝｽｰ
ｶﾝﾍﾟｰﾝﾍﾟｯﾄ
(Bang Sue) (Kamphang phet)
BTS スカイトレイン (シーロム線)
ﾗﾁｬﾀﾞﾋﾟｾｰｸ
(Ratchadapisek)
ｻﾅｰﾑｷﾗｰﾍﾝﾁｬｰﾄ
(Natuonal Stadium)
ｽﾃｨｻｰﾝ
(Sutthisan)
N5
ｱﾘｰ
(Ari)
ﾎﾜｲｸﾜﾝ
(Huai Khwang)
N4
ｻﾅｰﾑﾊﾟｵ
(Sanam Pao)
ｽｰﾝﾜﾀﾅﾀﾑﾍﾝﾌﾟﾗﾃﾞｰﾄﾀｲ
(Thailand Cultural Center)
ARL エアポートレールリンク
(マッカサンエクスプレス)
N3
ﾋﾞｸﾄﾘｰﾓﾆｭﾒﾝﾄ
(Victory Monument)
ﾊﾟﾗﾑｶﾞｵ
(Phra Ram9)
ARL エアポートレールリンク
(シティライン)
N1
ﾗｰﾁｬﾌﾟﾗﾛｯﾌﾟ
(Ratchaprarop)
乗換え可能駅
ﾅﾅ
(Nana)
E1
E3
サイアム (Siam)
E2
ﾌﾟﾙﾝﾁｯﾄ
(Phloen Chit)
乗換え可能駅
S1
ﾗﾁｬﾀﾞﾑﾘｰ
(Ratchadamri)
BTS
ｻﾑﾔｰﾝ
(Sam Yan)
ｳｫﾝｳｨｴﾝﾔｲ
(Wongwian Yai)
乗換え可能駅
S3
S7
S6
ｸﾙﾝﾄﾝﾌﾞﾘｰ
(Krung Thon Buri)
S5
ｽﾗｻｯｸ
(Surasak)
ﾗｰﾄｸﾗﾊﾞﾝ
(Lat Krabang)
ﾗﾑｶﾑﾍﾝ
(Ramkhamhaeng)
E5
ﾌﾜﾏｰｸ
(Hua Mak)
ﾊﾞｰﾝﾀｯﾌﾟﾁｬｰﾝ
(Ban Thap Chang)
ﾌﾟﾛﾝﾎﾟﾝ
(Phrom Phong)
ﾛｰ
E6 ﾄﾝ
(Thong Lo)
E7
ARL シティライン
ARL マッカサンエクスプレス
ARL エクスプレスライン
スワンナブーム国際空港
(Suvamabhumi Airport)
ｴｶﾏｲ
(Ekkamai)
ﾌﾟﾗｶﾉﾝ
E8 (Phra Khanong)
ﾙﾝﾋﾞﾆｰ
ｸﾛﾝﾄｩｰｲ
(Lumphini) (Khlong Toel)
乗換え可能駅
ｻﾊﾞｰﾝﾀｸｼﾝ
(Saphan Taksin)
ARL エアポートレールリンク
(エクスプレスライン)
E4
アソーク (Asok)
MRT
スクンビット
(Sukhumvit)
BTS
S2
サラデーン (Sala Daeng)
MRT
シーロム (Si Lom)
ﾌｱﾗﾎﾞｰﾝ
(Hua Lamphong)
S8
ARL バヤタイエクスプレス
ARL マッカサンエクスプレス
ARL シティライン
マッカサン (Makkasan)
MRT ペッチャブリ
(Phetchaburi)
ﾁｯﾄﾛﾑ
(Chit Lom)
BTS
W1
MRT 地下鉄
N7
ｻﾊﾞｰﾝｸﾜｲ
(Saphan Khwai)
BTS
N2
パヤタイ (Phaya Thai)
ARL パヤタイエクスプレス
ARL シティーライン
パヤタイ (Phaya Thai)
乗換え可能駅
ﾗﾁｬﾃﾞｰｳｨｰ
(Ratcathewi)
BTS スカイトレイン (スクンビット線)
ﾗｯﾌﾟﾗｵ
ﾊﾟﾎﾟﾝﾖｰﾃｨﾝ
(Phahon Yothin) (Lat Phrao)
ﾁｮﾝﾉﾝｼｰ
(Chong Nonsi)
ｽｰﾝﾌﾟﾗｷｭｰﾑﾍﾝﾁｬｰﾄｼﾘｷｯﾄ
(Queen Sirikit Convention Center)
E9
ｵﾝﾇｯﾄ
(On Nut)
ﾊﾞﾝﾁｬｯｸ
E10 (Bang Chak)
E11
ﾌﾟﾝﾅｳｨﾃｨ
(Punnawithi)
ｳﾄﾞﾑｽｯｸ
E12 (Udom Suk)
ﾊﾞﾝﾅｰ
E13 (Bang Na)
E14
ﾍﾞｰﾘﾝ
(Bearing)
Attachment 3. List of current Mitsui Fudosan’s current projects in Southeast Asia
(excluding housing projects where all units have already been sold)
Project Type
Project Area
Property Name
Start
Construction
Expected
Completion
Housing
Bangkok, Thailand
Ashton ChulaSilom
2015
(planned)
2018
Housing
Bangkok, Thailand
Ashton Asoke
2015/2
2017
Housing
Bangkok, Thailand
Ideo Q SiamRatchathewi
2015/2
2017
Housing
Bangkok, Thailand
Ideo Q ChulaSamyan
2014/6
2016
Housing
Singapore
Nathan Suites
2010/9
2014/7
Housing
Singapore
Bartley Ridge
2013/3
2016
Housing
Singapore
Canberra Drive
Housing
Singapore
Yishun Street 51
Housing
Housing
Kuala Lumpur,
Malaysia
Petaling Jaya,
Malaysia
Housing
Jakarta, Indonesia
Housing
Tangerang,
Indonesia
Accommodations
Singapore
Retail
Kuala Lumpur,
Malaysia
2015
(planned)
2015
(planned)
2018
2018
Collaborating
Company
Ananda
Development
Public Company
Limited
Ananda
Development
Public Company
Limited
Ananda
Development
Public Company
Limited
Ananda
Development
Public Company
Limited
Hong Leong
Group
Hong Leong
Group
Hong Leong
Group
Hong Leong
Group
Eastern &
Oriental Berhad
The Mews
2014/7
2017
Geo Residences
2014/7
2017
Sunway Berhad
Citra Lake Suites
2015
(planned)
2018
PT. Ciputra
Residence
2013/10
2024
PT. Ciputra
Residence
The CitraRaya
subdivision in the
Ecopolis Block
The St. Regis
Singapore
Mitsui Outlet Park
Kuala Lumpur
International
Airport (tentative
name)
In service
Hong Leong
Group
Under construction
Malaysia
Airports
Holdings Berhad
* Current Mitsui Fudosan projects in other Asian cities include the “Shanjing Outlet Plaza-Ningbo” and the “ LaLaport
Shanghai Jinqiao (tentative name)” commercial properties as well as residential properties in China, and the “Taiwan
Linkou Outlet Project (tentative name)” commercial property in Taiwan.