Press Release – Immediate Release
Golden Emperor Properties is excited to announce the collaboration with its long-term strategic partner, Thailand’s leading full-service developer, Sansiri, to launch The BASE Saphanmai, a multi-story freehold condominium located in Bangkok’s prime location with immediate access to the BTS and adjacent to Don Mueang International Airport and the future ASEAN business hub of Bangkok. Strategically situated among shopping centers, educational institutions and entertainment facilities, the residence will attract a number of flight crew and business professionals. Ideal for self-use and as investment, The BASE Saphanmai starts merely at HKD 890K with an expected rental yield of 5% per annum.
Cohesive infrastructure network to accelerate economic development
Thailand is accelerating its infrastructure construction and upgrading its transportation network to expand its environmental carrying capacity and improve its connectivity domestically and to neighboring countries. In 2016, the Thai government approved a number of budget plans to improve its railway system, which will be expanded by a scale 4 times its current size by 2020.
Concurrently, Thailand has further increased its efforts to actively expand its air transport systems. The Minister of Transport, Mr. Arkhom Terpitayapaish stated that as the development of Don Mueang Airport, Suvarnabhumi Airport and U – Tapao Airport complete, Thailand will be able to handle a total capacity of up to 20 million passengers per year. The development and the country’s reforming public transportation projects will bring new business opportunities to Thailand’s economy, including its property market and thus, properties along completed rail routes will rise in value, holding a strong investment perspective.
Bangkok’s future status as ASEAN business core to stimulate its property market
Thailand’s manufacturing sector has acted as the driving force of its economy since the formal launch of the ASEAN Economic Integration in 2015, as agreement for free-trade and visa-free policies were introduced. A handful of international companies have established their Southeast Asia headquarters in Bangkok and over the past two years, mega foreign corporates have contributed to the emerging dynamicity of Bangkok’s economy, including OpenLab, an integrated information and communications technology center inaugurated by China’s tech giant, Huawei. Thailand’s leading trajectory in today’s digital age has attracted a number of companies to join OpenLab such as SAP, Microsoft, Bombardier, Oracle, Accenture and Infosys.
Moreover, Bangkok’s ASEAN business hub is strategically located nearby Thailand’s upcoming light-rail system which will not only be of great significance to Thailand’s domestic transportation system, but to facilitate the transportation of goods and commodities across the entire Southeast Asian region, placing Thailand as the major transportation hub of ASEAN. The manufacturing sector is expected to help aid the country’s economic boom and at the same time, attract a number of business elites as opportunities arise. The result, would be a stimulated property market as housing becomes highly demanded in areas located in and nearby the business district.
Location with immediate access to BTS and adjacent to ASEAN business hub
Located in the prime location of Bangkok city, The BASE Saphanmai will provide its residents immediate access to Saiyud Station on the Dark Green line of the city’s BTS system. Adjacent to Don Mueang International Airport, high speed rail hub and the upcoming ASEAN business hub, the residence will be situated amidst modern conveniences. As the nearest BTS station is only steps away, the residence will host easy access to the city’s shopping centers, educational institutions, healthcare facilities, golf courses and government offices besides the world-famous Chatuchak Weekend Market.
Golden Emperor Properties Managing Director, Mr. Terence Chan gives his insights into Bangkok’s property market, “properties along railway routes possess a high potential investment perspective. According to a recent report by the Thai Ministry of Finance, Bangkok’s property along BTS routes have rose 100% to 150% in value. Moroever, benefiting from the ctiy’s infrastructure initiatives, areas including Bang Sue to Hua Lampong, Rangsit and Mo Chit to Khuy Khot have had their property value increased by 24% in 2017, therefore, The BASE Saphanmai has a large potential to increase in value. Not only does it provide immediate access to the BTS system, but will largely benefit from the advantage of its location nearby Bangkok’s future ASEAN business hub. The residence will additionally attract a number of high quality tenants and investors as its value is currenly half of Bangkok’s CBD.”
The BASE Saphanmai, crafted by renowned architects and meticulously designed, consists of two 14-story residential buildings with 820 1-bedroom and 2-bedroom units ranging from 266 square feet to 600 square feet to be completed by July, 2020. Units starts at merely HKD 890K with an expected gross rental yield at 5% per annum.
Equipped with a 24-hour security system, The BASE Saphanmai will provide its residents a safe and secured living environment. A realm of green space has been designed to create a natural living environment including a sky garden and an infinity swimming pool on the rooftop and the residence’s low-density design and will bring extraordinary enjoyment to its residents. Thorughfully designed smart technology units with panel windows to maximize lighting, will add a touch of elegance, comfort and character to this affluent residence.
Sansiri is recognized as the leading developer of quality houses, townhouses and apartments in Thailand and the only full-service real estate developer in Thailand. Sansiri has more than 3,400 employees. Over the past 34 years, more than 300 projects throughout Thailand and a residential project in Kensington, London have been built, all of which emphasize excellent design and livability. Sansiri offers a full range of services, far exceeding traditional developers, including concierge services, real estate management, sales brokers and long-term resort rental. Listed property firm Sansiri Plc announced total revenue of Bt31.75 billion and a net profit of Bt2.82 billion last year. www.sansiri.com
About Golden Emperor Properties Inc.
Golden Emperor Properties (HK) Limited is a Hong Kong-based property agency company that offers property investments worldwide to clients in Hong Kong and internationally. Since the establishment of the company, it has accomplished close partnerships with developers from England, Australia, Thailand, Vietnam, Malaysia, Japan and Europe. The company has a team of dedicated sales representatives to provide consultation and services on relevant enquiries for investors, including tax information, buy and sell procedures, payment schedules and etc. www.goldenemperor.com
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