Bangkok property investors are always looking for the next up-and-coming location. For them, when an area is widely recognized as being ‘hot’ it’s far too late.
This article is based on an agency launch event (pictured) for one new launch project late last week. This article is not paid-for in any way, and it comes from our true belief that this particular project could be one worth considering for future capital gains and decent rental returns – and one that has yet to appear on the radar of many overseas investors.
Taopoon is one part of Bangkok that’s not widely known to most overseas Bangkok property buyers, yet it’s just 30-minutes by mass-transit for MRT Sukhumvit (Asoke). In reality it’s closer to many of the desired, and increasingly popular, locations such as Bang Na and Bang Wa.
Public presales for this Bangkok property project do not start until March 10, so there is time for you to make your own due diligence before making any decision.
The freehold Bangkok property project, Niche Pride Taopoon Interchange, could not be closer to the MRT if it wanted to be. The developer, Sena, is listed on the Stock Exchange of Thailand and in 2017 was ranked seventh in terms of the number of new units launched.
The property itself will have 742 units over 38 floors, and prices still start from THB 3.2 million. Units range in size from 28 sqm upwards.
What’s interesting for us is that buyers are able to choose either a “relaxing” or a “working” furniture layout as part of their property purchase. The former comes with a larger sofa while the latter includes a desk.
Non-Thais living in Thailand with a Work Permit will be able to benefit from the same financial terms and payment structure as Thais. That’s something we’ve not seen before either.
A significant range of facilities, including dedicated “villages” will also form part of this property development.
Another interesting fact about this property is that it will include just 40 percent parking. For this location I believe it’s an advantage given its proximity to the MRT network.
And talking of that, the project will be just one stop from the under-constriction Bang Sue Grand Terminal Station, the planned largest transport hub in Southeast Asia.
Agency Knight Frank, the sole agent for this project, predicted rental rates of between THB 450 per sqm and THB 500 per sqm when the project completes.
Recent research indicates that buyer and investor interest is continue to grow in suburban areas of Bangkok with excellent transport connections.
Once again, this article is based on our experience and knowledge and is not influenced by any form of payment, whether real or implied. Buyers and investors and strongly urged to undertake their own due diligence before signing any legally-binding property sales agreement.