The Park Chidlom wins Best High Rise Development Thailand Award at CNBC Asia Pacific Property Awards 2008

Bangkok, 22 July 2008 - The Park Chidlom, the first luxurious residential condominium developed by Hemaraj Land And Development Plc, wins the Best High Rise Development Thailand – Five Star Award of the prestigious CNBC Asia Pacific Property Awards 2008. The award was announced at a gala dinner held by CNBC in Singapore on Sunday, 20 July 2008.

The CNBC Asia Pacific Awards is part of the CNBC International Property Awards established since 1995. The awards are now established as the premier programme recognizing excellence in its field and the biggest in the world.

The award is given to “The Park Chidlom” based on the quality of the project’s concept, architecture, interiors, construction, overall developments and marketing.

Mr. David Nardone, President and CEO of Hemaraj Land And Development Plc said: “We are proud of being chosen ‘the Best High Rise Development in Thailand’. The award is an acknowledgement of the excellence in this innovative property development that our customers have already recognized. Receiving an award that is internationally recognized also reflects the success of Hemaraj in broadening its business by bringing in its world class expertise to the development of a high-end residential project.”

Located in Soi Somkid and Chidlom, Ploenchit Road, “The Park Chidlom” offers a symphony in living that blends the highest international standards of luxury, privacy and harmony with nature in the most convenient city location of Bangkok. Out of total area of five rai (8,700 square meters), approximately two rai (3,200 square meters) is allocated for landscape, pools and recreation areas.

The Park Chidlom has two residential towers: a 35-storey Somkid Tower and a 28-storey Chidlom Tower with a total of 218 units of two to three bedroom as well as duplex types comprising 87,000 gross square meters and 53,000 net square meters.

The units have extensive features of privacy and luxury including private lift lobbies, insulated glass, Poggen Pohl kitchens, Siemens and Gaggenau appliances and other amenities.

With the Art Deco crowns of the two towers – The Park Chidlom is a reminiscent of the luxury residences of New York and other international markets featuring lighting and designs that will provide an enduring landmark on the Bangkok skyline. The planning of the building incorporates the latest technology, safety and security system, communications and designs ideas to ensure that each residence is a private home.