Press Release – Immediate Release
Golden Emperor Properties is pleased to announce its collaboration with Sansiri and Tokyu Corp. to launch their latest Bangkok freehold condominium residential project, The BASE Sukhumvit 50, in Hong Kong. The BASE Sukhumvit 50 is a rare low-rise and resort-style residence in the center of Bangkok city with easy access to the vibrant districts of Asoke, Thong-Lo and Ekkamai and is merely stations away from Bangkok’s CBD. With a starting price of HKD 830K, the residence is a valuable investment opportunity on the rapidly developing property market of Central Bangkok.
Continual economic boom from FDI, exports and tourism
Thailand has performed exceptionally in 2018 with its continual economic boom. Furthermore, GDP growth this year reached 4.8%, the highest in 5 years as public and private sector investments increased by 3.1% and 4% respectively.
The country’s tourism sector accounted for a USD 17.1 billion surplus in Q1 of 2018 compared to the USD 6.7 billion surplus in Q1 in 2014. With the robust economic growth from exports and tourism, UTCC (The University of Thai Chamber of Commerce) has raised the economic growth estimate from 4.5% to 4.6% for this year and an 8.7% growth in exports. Publications including US News and World Report, indicated that Thailand is one of the top countries for investments as economists worldwide continue to praise and convey an international confidence in Thailand’s economy.
Cohesive system of infrastructure initiatives
With an acceleration to upgrade its infrastructures, Thailand is improving its connectivity both domestically and internationally by increasing its efforts to expand its aviation network with a USD 6 billion redevelopment plan including Don Mueang Airport, Suvarnabhumi Airport and U – Tapao Airport. Once completed, the three airports can handle a total capacity of over 190 million passengers per year. Moreover, the Ministry of Transportation has approved a number of high-speed railway projects, including a USD 7.2 billion project to link three major airports. Bangkok, on the other hand, will continue the extension of its Mass Rapid Transit Plan, increasing the size of its BTS system to 515km by 2029 and adding a number of stations along the Sukhumvit and Silom lines. Bangkok’s development potential will continue to rise from a strong drive of traffic along the transit lines as a foundation for opportunities in property businesses.
Central location to transport convenience
The BASE Sukhumvit 50 is merely a 2-minute drive to On Nut BTS Station along the Sukhumvit Line. Residents can reach key districts such as Thong-Lo and Ekkamai within minutes. Bangkok’s CBD, is merely 5 BTS stations away. Knight Frank Thailand Research (KFTR) suggested that Bangkok’s mass transit will continue to drive its property market and rental and sales prices will substantially increase based on a property’s proximity to convenient transport. As developments increase, affordable home prices for future supply near Bangkok’s CBD is anticipated to increase aligned with decreasing land supply and increasing land prices.
Golden Emperor’s Managing Director, Mr. Terence Chan states, “in fact, Bangkok’s traditional CBD around Siam and Lumphini has migrated to Sukhumvit in recent years, as land supply decreases significantly. The BASE Sukhumvit 50 is a rare investment opportunity on Bangkok’s rapidly developing property market and as the city transforms, property projects will continue to migrate to the outer regions of Central Bangkok. Hence, the location of The BASE Sukhumvit 50 in Central Bangkok, nearby a concentration of development on Sukhumvit Road, in close proximity to the BTS and developed by Thailand’s big-name Sansiri and Japan’s Tokyu Corp., holds a strong investment perspective.”
A resort home in Central Bangkok
As a low-rise freehold condominium, The BASE Sukhumvit 50 is designed as a resort home in the center of the city. As Bangkok undergoes its transformation, developers are on the go to build high-rises to compensate for the lack of premiere land supply. Withal, at only 8 floors high, The BASE Sukhumvit 50, will be a rare living oasis offered in Central Bangkok.
The BASE Sukhumvit 50, a joint project by Sansiri and Tokyu Corp., is impeccably designed by TK Studio from Japan. Comprising of 2 buildings, the residence will host 415 1-bedroom and 2-bedroom units ranging from 269 square feet to 610 square feet. Expected for completion by December 2019 with a rental yield of 6% per annum, units start merely at a low price of HKD 830K.
From its exterior to its interior, The BASE Sukhumvit 50 is enveloped in tropical colors with camouflaged lounges and private space to reflect a creative living style. Decorated with luscious Italian-washed stones and British-branded chandeliers, the elegant space is perfect for the ‘go-getting’ generation. More than a dozen amenities are offered for its residents, including a signature lobby lounge, a swimming pool amidst a secret garden, a hidden private courtyard, flexy working space, a gym center and recreational space. At the city’s trendiest location, The BASE Sukhumvit 50, will be a highly sought-after residence on the current market in Bangkok and is expected to be favored among Sukhumvit’s community of Japanese expats and tenants.
Sansiri is recognized as the leading developer of quality houses, townhouses and apartments 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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Golden Emperor Properties
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