BTS Group and Sansiri are proud to shout about their impressive track record, plus there is more to come.
When investing in a new property it is important to be confident in the product on offer. A reputable developer provides peace of mind and their brand name will convey the type of property they are building. Once such developer is Sansiri Public Group Company whose high quality finishes are well received to the market and continue to keep residents happy.
These projects are set to continue due to the teaming together of Sansiri and Group Holdings Public Company Limited (BTS), who have a five-year partnership agreement to develop 25 different condominiums along the BTS mass transit rail lines that will total an estimated value of THB 100,000 million. The combination of the BTS Group’s prime land and the expertise of Sansiri is a winning formula that has already resulted in four of their eight current projects selling out during the pre-sale period. These eight projects completed have a value of THB 30 billion.
The recent success stories of this collaboration include the fully completed THE LINE Sukhumvit 71 situated just 400 metres from BTS Skytrain Phra Khanong Station and THE LINE Jatujak-Mochit which is due to complete in approximately one year. Appealing to the local market as well as investors from Hong Kong, Singapore and Taiwan who have nearly met the project’s foreign quota. Sales so far for these projects have reached an impressive THB 4 billion.
Khun Srettha Thavisin, president of Sansiri, commented, “That the success of the five-year joint investment plan of Sansiri and BTS Group targeting the development of condominiums along the BTS mass transit rail line clearly demonstrated the capability and strength of the two organisations that are complementary to each other. This has resulted in impressive sales success of almost every project. Since last year until the present, condominium projects under ‘THE LINE’ and other subsequent brands have attracted the varied groups of customers”.
He goes on to comment, “In addition, every condominium project under the joint venture with the BTS Group has met great success in foreign sales. This is because the customers are confident in the strength of Sansiri as a leader in housing development, augmented by the capability of the BTS Group as the expert in the development of mass rail transit systems that is well known among foreign customers, particularly those in Hong Kong.”
Living in close vicinity to a mass transit network has huge appeal to tenants and investors alike. Thus reinforcing these projects as great investments thanks to the healthy rental yield and capital appreciation they generate. However, Sansiri and BTS Group are taking steps to start adapting to the changing habits of how people live. THE LINE Phahon-Pradipat and THE LINE Sukhumvit 101 are both projects that feature a ‘co-living space’. The first time for a condominium in Thailand to be designed with communal spaces for residents to live in a co-habit environment. This concept has helped to fuel the healthy pre-sale launches of these well located projects located close to the BTS stations proving that the product itself is as important as the location.