Sansiri Public Company Limited, Thailand’s leading, fully-integrated property developer, expands its portfolio by officially the debut of its first project launch in three leading Asian countries, with presales of ‘The LINE Jatujak-Mochit’.
Presales for this new condominium project will be available in Singapore Hong Kong, and Thailand during the weekend of 30 to 31 May 2015. This is Sansiri’s first joint venture business in partnership with Thailand’s BTS Group Holdings PLC, under the name ‘BTS Sansiri Holding One Limited, which will create investment opportunities around Bangkok’s upcoming transportation hub area, Mo Chit – Bang Sue, within 350 metres from the BTS and MRT. Furthermore, this is Sansiri’s largest project investment to date, valued at SGD 226 million (5.6 Billion Baht).
This strategic partnership between two major companies in Thailand is set to create a new phenomenon in the Bangkok property market.The BTS Group, a leading mass transit provider, and Sansiri, a leading property developer, envision creating new condominium projects within a 500-metre radius along existing and future mass transit lines which will provide seamless connectivity and the utmost convenience for people of all lifestyles.
This vibrant neighborhood offers accessibility, shopping convenience and the largest central green space in Bangkok. According to Sansiri’s 2014 Foreign Data Analysis, foreign investors, particularly from Singapore, Hong Kong and China rank as the top foreign buyer of units at a combined 58 percent and have already expressed a strong interest in this area due to the emerging values for both the present and in the future, along with a strong developer track record in the premium condominium segment. The residential units at The LINE Jatujak – Mochit ranges from SGD 162,000 to 806,000 (4 to 20 Million Baht).
Apichart Chutrakul, Chief Executive Officer and Co-founder, Sansiri Public Company Limited (Thailand)states that “Singapore, Hong Kong and South China are all within close geographical proximity to Thailand. The popular Thailand destinations such as Bangkok and Phuket are just a short flight away making them high-potential markets for Sansiri.We’ve seen strong interest from Singapore buyers in the recent years, with Singapore being the second largest group in Sansiri’s Top 10 International Buyers by Units at 24 per cent.For the first time ever, we are ready to launch presales of our upcoming project in three international markets simultaneously in order to offer a valuable time-sensitive opportunity to foreigners and our strong Thai buyers, who are young pioneering spirits that value lifestyle convenience and require good accessibility to work in the city.”
“We believe that The LINE Jatujak-Mochit offers an array of highlighted lifestyle advantages will be another attractive investment opportunity for overseas investors. Located in a prime area adjacent to the up-and-coming transportation hub and landmark developments such as a hotel, community mall and office building, this area will soon be transformed. The company anticipates sales of over 100 units worth over SGD 24.2 million (600 Million Baht) from both the Singapore and Hong Kong markets” added Apichart.
Dubbed Bangkok’s upcoming transportation hubs in Bangkok, the Mo Chit area is mostly recognised for being the location of the internationally famous Chatuchak Weekend Market (700 m. from The LINE), one of the largest outdoor weekend markets in Asia. Just around the corner from The LINE Jatujak–Mochit is the Or Tor Kor Market (Ministry of Agricultureand Cooperatives Market, 1 km. from The LINE), which was ranked fourth in CNN Travel’s “World’s Best Fresh Markets”.
Finally, a longstanding local favourite, Central Ladprao shopping mall (One MRT station away from The LINE) is just down the road, while the hip Ari neighbourhood is a mere two BTS stations away.
The LINE Jatujak–Mochit is within walking distance from BTS Mo Chit and MRT Chatuchak stations and is situated close to Don Muang International Airport. Furthermore, the site location is conveniently linked to major roads and expressways routes for easy access to the city, including upcoming developments and landmarks, Mixed-Use Projects, the transportation hub (MRT/BTS/Airport Link Lines and BRT) and a highway extension to Bang Sue Station.
The 43-storey condominium, consisting of 841 residential units that range from one to three bedrooms, sits on five rai (86,111 square feet) of land. It directly faces 3 parks – Chatuchak, Queen Sirikit and Suan Rot Fai – which are the largest green spaces in Bangkok, offering unobstructed sights of the capital’s stunning cityscape from all angles. Also planned is a mini retail shopping strip in front of the project, which will connect directly to Mo Chit BTS Station for the convenience of residents.
In the vicinity, a rich street culture exists, with art, design and antiques lining the streets, and nearby restaurants, malls, offices and places of interest, like the Children’s Discovery Museum and the Bangkok Butterfly Garden & Insectarium, all creating a definitive lifestyle hub. A demonstration of the synergy between Sansiri and BTS Group, The LINE Jatujak–Mochit truly defines having the best of both worlds, right at your doorstep.
The LINE Jatujak-Mochit is scheduled for presales in three leading Asian countries: The Ritz- Carlton, Singapore; The Park Lane, Causeway Bay, Hong Kong; and The LINE Jatujak-Mochit’s sales gallery in Bangkok, Thailand, during this 30 to 31 May 2015. The project is scheduled for completion in November 2017 and will be managed by Sansiri Public Company Limited, the company planning to launch other upcoming developments under the joint venture within 2015.
For more information about The LINE Jatujak-Mochit, please visit: www.thelinebkk.com.