Bangkok luxury apartments offer 6% annual return over two years

KUALA LUMPUR: Than Living Sathorn-Charoenrat, a luxury condominium development by Siralai Co Ltd in Bangkok’s new central business district, is offering 6% returns per annum for two years. A preview of the project by Knight Frank Malaysia will be held this weekend for interested Malaysian buyers.

According to Siralai chief executive officer Thanyaporn Chansakulporn, the project chalked up sales of RM8 million in May when it was launched in Singapore.

“The positive response to the Than Living launch in Singapore is a direct indication that Thailand still remains a popular property investment hub for foreign buyers despite the country’s political situation,” she said in a statement.

Than Living Sathorn-Charoenrat is located near its namesake main road as well as Chan Road and Rama III Road, Surasak BTS Station, and Charoenrat BRT Station. The condos overlook the Chao Phraya River, and are close to amenities such as Central Plaza Rama III, Asiatique The Riverfront, popular retail outlets, international schools and hospitals.

The RM200 million project will consist of a 36-storey tower comprising 523 units of apartments with built-ups from 312 sq ft to 1,604 sq ft, excluding penthouse units which have built-ups of 2,852 sq ft to 3,057 sq ft.

Apartment types include 1-, 2- and 3-room duplexes, executive 2- and 3-bedroom apartments. Prices start from RM301,700.

Some of its amenities include a private library, gymnasium, multipurpose room for aerobics or yoga classes, parking, and 24-hour security.

Frank Khan, Knight Frank Thailand executive director and head of residential, noted that the current political unrest in Thailand has not permanently affected the property market.

“In the first four to five months the market may have been a little soft but it has vastly improved and is only continuing to do so. Despite the political turmoil, the private sector is still strong and going well. As a matter of fact, cooling measures were introduced as a result of the political unrest to ensure that oversupply does not occur.”

This article first appeared in The Edge Financial Daily, on July 4, 2014.


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