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Nusasiri Public Company Limited (“the Company”) (Previously, Angpao Assets Public Company Limited and Thai Durable Textile Public Company Limited was established on August 19, 1960 to operate a textile business. On August 10, 1992, the Company’s shares were listed on the Stock Exchange of Thailand (SET), and in 1994, the Company was converted to a public limited company.
During 1993 – 1997, the Company had incurred losses. As a result, in 1997, the Company was notified by SET that it had fallen into criteria of the securities that may be delisted from SET, and SET had ordered the Company’s shares, which was traded on the Textile sector, to be transferred to the companies under rehabilitation plans (REHABCO). Later, the Company had proceeded with its plan for exclusion from being delisted. Therefore, in April 2003, SET had allowed the Company’s shares to be traded again under REHABCO sector.
The free trade agreement and the removal of textile quota allocation during early 2005 caused an intense competition both within the country and abroad. As a result, the price of textile products had fallen. The company incurred losses and faced liquidity problems, and SET had suspended the trading of the Company’s shares until the Company can meet the criteria for exclusion from being delisted and transferring back to normal sector. In 2006, SET had removed REHABCO sector and transferred the Company to be under the Non-Performing Group.
In 2006, the Company ceased to operate its textile business. In February 2006, it terminated the operations of yarn spinning and weaving, and in June 2006, it withheld all production activities of its garment department. On December 22, 2006, SET had notified an additional condition stipulating that the Company had fallen into criteria of the securities that may be delisted as the Company had ceased to operate almost all of its business and its operating assets had significantly fallen.
After terminating the textile business, the Company has established a new business, a property development business. The Company has begun operating its property business starting from being a property sales agent. Afterwards, in July 2009, the Company’s shareholders’ meeting had approved an acquisition of assets from Nusasiri Grand Public Company Limited and KMP Property Company Limited (“Nusasiri Group”) to be its operating assets, consisting of five projects with an amount of not exceeding Baht 2,490.00 million baht to be its operating assets and enable the performance of the Company. The Company owns the trademark “Nusasiri” this is the original famous brand and well-know among the customers who is a better position. The Company has permission to use the service sign “Baan Krisana” in the Baan Krissan Rama 5 Project which is quite well-know. The assets acquired comprise of;
The Plaza zone of the condominium unit of Nusasiri Grand Condo Project (Sukhumvit-Ekamai)
The land and construction of Nusasiri Sathorn-Wongwaen Project.
The land and construction of Nusasiri Sathorn-Pinklao Project.
The land and construction of Nusasiri Rama 2 Project.
The Krisana Rama 5-Kanchanapisek Project.
Cash payment is not more than Baht 1,500 million and paid in shares to Nusasiri Group is not exceeding 3,304.38 million shares at the price of Baht 0.35 per share, worth no more than Baht 1,156.53 million, and change its name to Angpao Assets Public Company Limited. The company has received approval from the Stock Exchange back into trading in the real estate category. On September 9, 2014 And launched the project on behalf of company 2 project as follows;
Up Ekamai Condominium Project , Ekamai Road.
Parc Exo Condominium , Kaset-Navamintr Road
In 2013 the company has launched a The horizontal project 1 project, The horizontal townhouse, Narathon Suwintawong Road
In 2014 the Company has to development of real estate projects the provinces the number of two projects. The focus of investment to the province. The potential and growth of residential demand continuously as follows;
Single-House, Nusa Chivani Pattaya, Chonburi province.
Single-House and Land allocation, My Ozone, Nakhon Ratchasima province Managed by a subsidiary of the company.
At present the company's main revenue comes from the development of real estate projects for sale from the project at Developed as follows; Project Chivani Pattaya, Nusasiri Rama2, Project Krissana Rama5, Project Narathon, Project Parc Exo and Project My Ozone.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at Nusasiri Grand you have to follow these steps:
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
Nusasiri Grand is conveniently located just 110 m from 7-Eleven, which can be reached within 1 min. by foot.
There are many other shops situated in the area of Nusasiri Grand, the 3 closest being:
- Bangkok Mediplex is 220 m away (about 3 mins. by foot)
- Nusasiri Condo is 240 m away (about 3 mins. by foot)
- JiHye Chinese Learning Center is 240 m away (about 3 mins. by foot)
The surrounding area, where Nusasiri Grand is situated, offers a wide variety of restaurants. See the closest of them below:
- THAIZAAP At Bangkok Mediplex is 140 m away (a walk of about 2 mins.)
- Dakasi is 160 m away (a walk of about 2 mins.)
- Kourakuen is 160 m away (a walk of about 2 mins.)
Villamedica Thailand (Villamedica (Thailand) Co., Ltd.) is the nearest health facility, which is 220 m away (you can walk there in 3 mins.) from the project, while the closest schools in the proximity of Nusasiri Grand are:
- Bunka Fashion School is 250 m away (about 3 mins. by foot)
- Go school is 260 m away (about 3 mins. by foot)
- Ielts EKAMAI is 260 m away (about 3 mins. by foot)
Suvarnabhumi Airport is located 26.9 km from Nusasiri Grand and it takes about 33 mins. by car or taxi (depending on the traffic) to get there.