Joint venture, freehold condominium projects by the BTS Group, Thailand’s number one mass transit operator, and Sansiri, Thailand’s residential property leader and the country’s only fully integrated property developer, has proven to be a phenomenal success among local Thais and overseas customers.
Following the sweeping reception of THE LINE Asoke-Ratchada in June 2016, BTS-Sansiri has announced another global launch, its 5th joint venture project, called THE BASE Garden-Rama 9, after successfully selling out all 4 of its previous projects within the first day of launching. THE BASE Garden-Rama 9 will be available for sale in Singapore at The Hilton Hotel, Orchard Road, from September 10th-11th, 2016 and also in China and Thailand on the same period.
Mr. Uthai Uthaisangsuk, Senior Executive Vice President Business Development and Project Development (High Rise), Sansiri PLC unveiled that “THE BASE Garden-Rama 9 is our latest series of THE BASE brand which continues to gain an overwhelming response from customers with its unique combination that fits with modern lifestyles and affordable pricing. The nationwide THE BASE series’ key concept is ‘You are where you live’. We are delighted to introduce yet another potential series brand to overseas customers who are looking for both personal and investment residences with attractive rental yields in return. And we expect that THE BASE Garden-Rama 9 will receive strong feedback from both foreigners and locals here in Thailand.”
Developed under the concept of a “Garden of Creation” as a sanctuary of nature with an expansive garden in a desirable location within the Bangkok city core, this project has 36 storeys and 640 residential units in total. Through the integration of green spaces, the area can be truly utilised and is perfect for relaxing down time, taking a short stroll or for simple contemplation which can help create some of your best ever ideas. Experience a reception area decorated with carefully selected natural materials, such as wood and marble features, and crowned by a crystal chandelier inspired by rainfall so that every moment of arrival is truly comforting and engenders the feeling of being at home.
This condominium project is situated in a key, pivotal Bangkok location with 4 key, emphatic factors that will boost short term and long term investment value.
- Adjacent to Bangkok’s new CBD and ideal residential choice for business
Rama 9 and Asoke-Ratchada is a new and upcoming Central Business District (CBD) of Bangkok comprising of Grade A office space, including the Stock Exchange of Thailand, Unilever House, Unilever’s Asia-Pacific headquarters, the Chinese Embassy, a 3,000m² convention centre; AIA Office Building and Central Plaza Grand Rama IX; a shopping complex with a direct link to the MRT concourse. The BASE Garden-Rama 9 is located on the same route of the under-development “Super Tower”, slated to be South East Asia’s tallest building (125 storeys), set to be a national landmark of pride, which aims to be an ideal residential and commercial area for office workers and business operations. This area is another high potential zone for investment opportunities for foreigners with projected 6% rental yields while local and overseas business professionals seek residences in this new CBD development corridor. Currently, Sansiri’s THE BASE Rama 9-Ramkhamhaeng, which is located nearby this area, has enjoyed steady resale price growth since launching in 2014.
- Served by two mass transit routes to connect to major lifestyle centers
THE BASE Garden-Rama 9 is just a few minute’s walk to the Ramkhamhaeng Airport Link Station which is perfect for frequent flyers to minimise their travel time. It’s a short walking distance to the Foodland Supermarket and the Mall Ramkhamhaeng department store. Also, convenience by car is assured, with the Expressway being just 800 metres away. Furthermore, it will be connected to the MRT Orange Line in the near future (proposed to complete by 2020) at the Mall Ramkhamhaeng area and in proximity to the Ramkhamhaeng 12 Station. In only four stations, residents will reach the Rama 9 MRT Station, where the new CBD is located and the Super Tower is planned to be situated. Finally, the lifestyle “SOHO” hub known as Thong Lo, is a 10 minute drive away, where there are also future plans for a mass transit route.
In recent years, the market shows an increasing appetite for condominiums along the Skytrain and other MRT routes due to the changing lifestyle of urban people who prefer convenient transportation and convenience from traffic congestion.
- Situated near Thong Lo, the “SOHO” of Bangkok
Thong Lo, located in the heart of Thailand’s capital, is an established, affluent neighbourhood of Bangkok. The city’s cognoscenti are attracted by such lifestyle options and gather to enjoy a flourishing array of sophisticated dining establishments, cafes, bars, and trendy boutiques which is admired by hip locals, expats and overseas tourists. Thong Lo is an international community with comprehensive facilities such as private hospitals, lifestyle offerings and leading academic institutes. With a trip as short as a 10 minutes by car, residents of THE BASE Garden-Rama 9 will enjoy all the perks that Thong Lo offers but for a price 20-30% lower.
- Lower property prices of Rama 9 sees higher upside potential
Located near to Rama 9 road, where THE BASE Garden-Rama 9 is situated, the property prices of the Thong Lo area has been the highest gainer among all areas in Bangkok, thanks to its wealthy inhabitants and overall appeal. The property price difference between THE BASE Garden-Rama 9 and Thong Lo can be as much as SGD 400,000 plus, with THE BASE Garden-Rama 9 available at as low as SGD 103,000 despite being only minutes away. The price may be stable at the moment but its upside potential in the future should not be overlooked, driven by the economy of Thailand and the infrastructure development planned in this area. With the completion of the Grade A office buildings in the new CBD, the demand for residential units of the area is expected to surge when the MRT Orange line is connected. The property prices in the area sees high upside potential and will even outperform the market as projects in Rama 9 residential avenue are deemed to be highly sought after.
Mr. Cobby Leathers, Head of International Business, Sansiri PLC revealed that, “Previous joint developments of BTS and Sansiri have been well received by foreign and domestic investors, so we believe THE BASE Garden-Rama 9 will be warmly received. Apart from that, a considerable amount of overseas capital has been rushing in to the Southeast Asia market recently and Thailand is one of the hottest locations because of the implementation of the many high-speed railway projects that offer seamless connectivity in Bangkok and other cities in future, like Chiang Mai and Hua Hin, as well as cities in other countries like Malaysia’s Kuala Lumpur and Penang, Singapore, and China’s Kunming.
The railway is expected to be completed as soon as 2021 and Bangkok will become the backbone of Southeast Asia’s transportation system. The trade between Thailand and other countries will be morefrequent, driving the development of the local economy and all industries, thus boosting the property market. We believe THE BASE Garden-Rama 9 will receive steady interest from local and foreign business professionals working in the new CBD, making it perfect for both short term and long term investment and personal residence.”
THE BASE Garden-Rama 9 will be available for sale in Singapore on this 10th – 11th of September, 2016 and the sales event will be held at The Hilton Hotel on Orchard Road. This freehold condominium project has units available at a starting price of SGD 103,000.