Sathorn has been highlighted as ‘the’ place to buy Bangkok property so many times in recent weeks by listed property developer Sansiri.
The reason, of course, is their upcoming The Line Sathorn project (pictured).
As one of many hundreds of thousands of Bangkok residents who passes this location every day, I can say with all honesty that this is not a location I would choose to live.
The Line Sathorn will be, according to a news release from the prolific developer, a: “… luxurious metropolitan development (that) combines exceptional location and exquisite design; a perfect property in Thailand for the modern urbanite.”
The modern urbanite that loves to get stuck in traffic no matter what time of the day or night.
The developer underlines its latest The Line project will be located “… in the finest area of Sathorn and just 15 metres from the Surasak BTS Sky station.”
Granted, its proximity to the mass-transit network will be a bonus, however its similar proximity to a number of schools (with parents dropping off from before 6am) is something the developer doesn’t mention.
Never mind the whistles from the army of police officers and security guards ushering the traffic to negate the jams which, at 8am, tail back over Taskin Bridge and well onto the Thonburi side of the river.
Coming from the centre of Bangkok may also, depending on your chosen route, require car owners to undertake an extensive and often clogged U-turn.
Prices for a 32 sqm one-bedroom unit, although not listed on the developer’s website, appear to be starting from more than THB 8 million. In comparison, a similar-sized unit just four BTS stations to the west (and less than 15-minutes travel time) will set buyers back just a little over THB 2 million.
What I am attempting to highlight here is that, as a buyer or investor, you really need to understand everything about the location of your proposed purchase. Legal due diligence, whilst essential for every property purchase, will not be your eyes and ears.
This is just my opinion and, likely, this project will sell out to buyers in Thailand and throughout Southeast Asia in record time. I just hope buyers know what they’re actually signing up to.