Knight Frank Singapore today unveils its upcoming launch of the latest Bangkok development, Benedict @ The Saint Residences, which is set for completion in Q4 of 2018. The development is by Salan Development Co., Ltd. under St. John’s Holding Co., Ltd. Located in the new CBD of North Bangkok at the 5-way junction of Lad Phrao, The Saint Residences boasts of premium specifications with a view of the Chatuchak Park 100 rai of land.
With unique selling points such as “The Best Location”, “The Best Views”, and “The Best Pricing” in northern Bangkok’s new CBD area, the development comes fully furnished and prices start from THB4.2 million baht (USD120,000).
Phanom Kanjanathiemthao, Managing Director, Knight Frank Thailand Co., Ltd., unveiled the strengths of the project and the growth of the Lad Phrao 5-way intersection, saying, “Lad Phrao intersection is a prime area of focus, as well as north Bangkok’s new CBD. It serves as the intersection of the BTS Skytrain and the MRT subway systems, and extends to the north via the Don Muang Tollway.
“The area is home to Central Lad Phrao shopping complex and Chatuchak Weekend Market; the headquarters of the country’s leading conglomerates such as PTT, Energy Complex, Thai Airways and AIS; the head office of Thai Military Bank; and the Security and Exchange Commission (SEC) on Vibhavadi Rangsit Road. A survey has found that more than 50,000 people work in the area, and they are those with great potential.”
Linda Chern, Director, International Project Marketing, Knight Frank Singapore, adds, “Bangkok properties are relatively undervalued and affordable compared to properties in the other Asian cities. Spurred by an increasing number of expatriates in Bangkok, it is expected that demand will exceed supply and rental rates are set to rise, making it more attractive for investors looking for buy-to-let properties. Typically the rental yields for Bangkok properties range between 5% to 6%, and the rental yields for The Saints Residences are approximately 5%.”
The Thai government and the State Railway of Thailand are also in the process of developing the central station of Bangsue Complex, which includes the development of the State Railway of Thailand’s land from Bangsue to Phaholyothin. Divided into two parts, the first part encompasses the Central Bangsue Station area up to Kamphaeng Phet Road. The development plan will include office buildings, retail spaces, and a hotel on a construction area of about two million square metres. The second part includes the development of the area around the PTT building and Energy Complex, transforming it into a transportation hub, with one of the greatest concentrations of commercial activities including hotels, office buildings, large conference centre, and residences.
The exhibition in Singapore will be held on 30th and 31st July at the Hilton Hotel. Click here
for more information about the development.
Singapore Exhibition Details:
Date: 30 – 31 July 2016 (Saturday & Sunday)
Time: 11am to 7pm
Venue: Hilton Hotel, Singapore & Thailand Room, 5/F, 581 Orchard Road, Singapore 238883