Cambodia Investment Review
Sansiri, Thailand’s most trusted full-service property developer, is promoting its latest investment opportunity in the heart of Bangkok at the Lat Phrao Intersection (next to the famous Chatuchak Weekend Market). This prime location, featuring an interchange station for the BTS Green Line and MRT Blue Line, is adjacent to Central Ladprao, one of Bangkok’s busiest department stores. This strategic position makes it an attractive prospect for foreign investors, especially savvy Cambodian investors looking for lucrative real estate opportunities.
Phattarachai Taweewong, director of the research department at property consultant Colliers Thailand, noted that foreign buyers dominated the condo market in the first quarter of 2024, with new launches in major tourist destinations amounting to over 56.6 billion baht. “This quarter marked the first instance of more condo launches in major tourist destinations than in Bangkok,” he said. This trend underscores the robust demand for high-quality condos among international buyers, driven by Thailand’s appeal as a global tourist hotspot.
One of the standout projects at the Lat Phrao Intersection is The LINE Vibe, developed by Sansiri in partnership with Rabbit Holdings Plc, a financial services subsidiary of BTS Group Holdings. The project, which is planned to transfer this month, features 940 units worth 4.4 billion baht. Currently, 80% of the units have been sold, with full occupancy expected by next year.
Cambodian Investors Can Purchase 100% Via Strata Title Ownership
For Cambodian investors, owning a condo in Thailand offers numerous benefits, particularly through strata title ownership. Strata title ownership allows individuals to own individual units within a larger property, providing a secure and manageable investment option. This form of ownership is especially appealing as it grants investors full rights to their unit, including the ability to lease it out, sell it, or use it as a primary or secondary residence.
“The Lat Phrao area is set to become one of Bangkok’s key commercial and residential hubs,” explained a representative from Sansiri. “With the upcoming 20 billion THB mixed-use project and the Grand Bangsue Station nearby, this location offers unparalleled convenience and investment potential.”
Sansiri is a SET-listed developer with 40 years of industry experience, renowned for its trustworthiness and comprehensive after-sales services. The LINE Vibe is a testament to Sansiri’s commitment to quality, offering state-of-the-art facilities and a prime location. This condominium project is ideal for investors seeking hassle-free investment, as Sansiri provides property care services and a leasing management team, with an expected yield of 5%.
A Thai Key Opinion Leader familiar with the project highlighted its strategic advantages: “Having bought and sold multiple units, I can attest to the value of this development. A price is starting at 145,000 Thai baht (approx. $4000) per square meter, which is very competitive for such a prime location.” He added that the project is at the heart of the Lat Phrao Intersection, where the famous Chatuchak Market is located, making it highly accessible and convenient for residents.
The LINE Vibe’s facilities are designed under the concept of “Vibe is Everything,” catering to the new generation who lead active lives but seek relaxation at home. The central garden, spanning up to 8 rai, is a key feature appreciated by residents, offering a serene environment amidst the bustling city.
For Cambodian investors, this development represents a significant opportunity. Thailand’s favorable legal structures for foreign condo ownership, including strata title, coupled with market incentives such as for those projects / investors that are eligible reduced transfer and mortgage fees, make it an attractive destination for real estate investment. The Thai government’s measures to stimulate the property market have lowered entry barriers for foreign buyers, enhancing the overall investment appeal.
Diversifying Investment Portfolios With International Real Estate
Furthermore, the strata title ownership structure provides Cambodian investors with clear and secure property rights, ensuring their investments are protected under Thai law. This is particularly beneficial for those looking to diversify their investment portfolios with international real estate.
In addition, Thailand’s booming tourism sector ensures high rental yields, particularly in prime locations like Lat Phrao. The continuous improvements in infrastructure, including new transportation networks and urban development projects, further boost property values and enhance the quality of life for residents.
With its strategic location, robust development plans, and strong market demand, The LINE Vibe by Sansiri presents a promising investment opportunity for Cambodian buyers looking to capitalize on Thailand’s thriving real estate market. Completed this month potential investors are now encouraged to explore this lucrative opportunity to secure a stake in one of Bangkok’s most vibrant and rapidly developing areas.
To find out more: contact internationalbuyers@sansiri.com or visit the website Sansiri.com
