Sansiri has announced that is has sold out all residential property units at The Base Park East Park (pictured) on Bangkok’s Sukhumvit 77 in what is has described as “tremendous interest among both Thai and foreign customers”.
The prolific Thai developer, which has sold units throughout Asia, noted the Sukhumvit77 (On Nut) area of the city is a bustling business zone with high occupancy by both Thai and foreign customers.
At the same time the area is also recognised as an ideal zone of rental opportunities by both Thai and foreign investors with rental returns as high as 8 percent. The developer is now in the process of launching Habito, the company’s first community mall project in June.
A spokesperson for Sansiri said this project is the fifth in the Sansiri Town Sukhumvit 77 (T77) that has received tremendous response, with the ratio of 68 percent Thai and 32 percent foreigners. The top three foreign customers are from Singapore, China and the United Kingdom. The spokesperson added that about 47 percent of the purchased units were expected to be rented out, while 44 percent were purchased to serve as private residences. A total of 90 percent of all units have gradually been transferred to their owners.