4. Lower property prices of Rama 9 sees higher upside potential
Located near to Rama 9 road, where THE BASE Garden-Rama 9 is situated, the property prices of the Thong Lo area has been the highest gainer among all areas in Bangkok, thanks to its wealthy inhabitants and overall appeal. The property price difference between THE BASE Garden-Rama 9 and Thong Lo can be as much as SGD 400,000 plus, with THE BASE Garden-Rama 9 available at as low as SGD 103,000 despite being only minutes away. The price may be stable at the moment but its upside potential in the future should not be overlooked, driven by the economy of Thailand and the infrastructure development planned in this area. With the completion of the Grade A office buildings in the new CBD, the demand for residential units of the area is expected to surge when the MRT Orange line is connected. The property prices in the area sees high upside potential and will even outperform the market as projects in Rama 9 residential avenue are deemed to be highly sought after.
Mr. Cobby Leathers, Head of International Business, Sansiri PLC revealed that, "Previous joint developments of BTS and Sansiri have been well received by foreign and domestic investors, so we believe THE BASE Garden-Rama 9 will be warmly received. Apart from that, a considerable amount of overseas capital has been rushing in to the Southeast Asia market recently and Thailand is one of the hottest locations because of the implementation of the many high-speed railway projects that offer seamless connectivity in Bangkok and other cities in future, like Chiang Mai and Hua Hin, as well as cities in other countries like Malaysia's Kuala Lumpur and Penang, Singapore, and China's Kunming.
The railway is expected to be completed as soon as 2021 and Bangkok will become the backbone of Southeast Asia's transportation system. The trade between Thailand and other countries will be morefrequent, driving the development of the local economy and all industries, thus boosting the property market. We believe THE BASE Garden-Rama 9 will receive steady interest from local and foreign business professionals working in the new CBD, making it perfect for both short term and long term investment and personal residence."
THE BASE Garden-Rama 9 will be available for sale in Singapore on this 10th - 11th of September, 2016 and the sales event will be held at The Hilton Hotel on Orchard Road. This freehold condominium project has units available at a starting price of SGD 103,000.
For more information about THE BASE Garden-Rama 9, please visit:
http://www.sansiri.com/condominium/thebase-garden-rama9/en/