Bangkok's The Line Sukhumvit 71 goes on pre-launch sale from this weekend

KUALA LUMPUR (July 30): Thai developer Sansiri Public Company Limited will unveil its latest project, The Line Sukhumvit 71, at two presale launch events over the weekend of Aug 1 and 2 in Singapore and Hong Kong, and Aug 8 and 9 in Bangkok, Thailand.

CEO and co-founder Apichart Chutrakul describes The Line Sukhumvit 71 as a contemporary residential property with access to public transport, located in the "new arts district of Sukhumvit 71, which is long established as an entertainment, high-end dining, and nightlife district situated close to the BTS Phra Khanong station.

"This famous neighbourhood offers convenience and excitement, and is situated in lifestyle areas such as Ekamai, Thong Lo and Phra Khanong – collectively known as the SoHo of Bangkok,” he adds. 

The project is a joint venture with BTS Group Holdings PCL and is the second of The Line series of condominium developments. There are five planned.

The 28-storey The Line Sukhumvit 71 condominium offers 291 fully furnished residential units in 1-bedroom 320-366 sq ft) and 2-bedroom (430-482 sq ft) layouts. The latter is available in three unit types.

Unit prices are between S$204,000 and S$472,000 (RM568,000  and RM1.3 million) and the development is scheduled for completion in November next year.

The condominium will have facilities such as a lobby lounge, library, swimming pool with jacuzzi, exercise room with fitness equipment, laundry room, garden and recreation area, parking spaces, 24-hour security and concierge services.

Located in a culture-rich district where the traditional Thai Kamthieng House Museum is located, as well as Benchasiri and Benjakiti Parks, the condominium is also close to several malls, and numerous cafes and bars.

Sansiri is offering a “ready-to-move-in” package that includes home appliances, kitchenware, bedding and linen.

BTS Group chairman Keeree Kanjanapas says the developer is confident that demand for high-rise investment properties in the centre of Bangkok is "rapidly growing" because prices in Thailand are three times lower than in Hong Kong. 

He adds that rental yield is comparatively high, at between 6% and 10%. 

"Additionally, Bangkok properties see great capital appreciation every year; therefore, we have no doubt that this would be another great opportunity for investment,” says Kanjanapas.

The first project of the series, The Line Jatujak-Mochit, located by the BTS Mo-Chit station adjacent to Bangkok’s famous Jatujak weekend market, sold out  during its presale events in Singapore, Hong Kong and Thailand in May.

The condominiums in The Line series are developed close to Bangkok’s public transportation line. The BTS Group is the majority shareholder of Bangkok Mass Transit System PCL, the operator of the BTS sky train and Bangkok’s Bus Rapid Transit line.