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Update September 2017


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Business

Update July 7, 2017

Sansiri reaffirms its confidence in Chiang Mai’s property market with the launch of 1.6 billion baht ‘dcondo ping’

On July 5,2017 Sansiri continues paving ways towards a new energized lifestyle with the launch of a new condominium development named dcondo ping,under the new way of energized livingdesign concept inspired by Chiang Mais unique quality of living, its urbanization and modernization, and the allure of the River Ping. The highlights of the new property will include a 100-metre-long waterfall swimming pool, a forest jogging track and a co-working space. It will be the one and only development to provide balanced living in the common areas to all residents. Located on a 12-Rai plot of land, the projects value has been estimated at 1.6 billion baht, following the successful sales of dcondo nim at the end of May.

Metha Angwatanapanich, Senior Executive Vice President - Business Development and Project Development Division (Low Rise), Sansiri Public Company Limited, revealed that, Sansiri has always had a plan to develop projects along Chiang Mai’s super-highway. Despite the rather stagnant nature of the market, there is still demand for Thai and foreign investors. From our previous projects on the super-highway, also adjacent to Central Festival Department Store, we found that there was an increase in the purchase of our properties for investment purposes, now at 30%, while 70% were bought as personal residences. The average yield is 5.5%, or an equivalent of a 10,000 baht monthly rent for a studio and as high as 30,000 baht for a two-bedroom unit.”

“;Sansiri has conducted overseas roadshows for our developments, including our properties in Chiang Mai. These were well received thanks to buyersconfidence in the Sansiri brand and the economic growth of the province, which continues to be one of the countrys main tourist hotspots. Many of Chiang Mais visitors often decide to stay in the city long term. In addition, the governments plans, including some near-future mega projects, play a role in attracting investments from the private sector. These include the project to expand the Chiang Mai Airport to support 18 million tourists per year by 2025; the project to build an underground tunnel at the Maejo intersection to ease traffic; and, the project to construct a new motorway linking Chiang Mai to Chiang Rai. All these lead to new real property developments in Chiang Mai as the citys population grows, Said Metha.

The launch of dcondo ping builds on the success of dcondo nim which was recently sold out at the end of this past May, meeting our own sales target. Major contributors to this success were buyers confidence in the Sansiri brand, our after-sales service and the tremendous potential of the location. Sansiri would like to further develop this neighbourhood, a prime location on the super highway adjacent to Central Festival Chiang Mai, into a dcondo community. We afford residents of dcondo sign, dcondo nim and dcondo ping a private walkway to the shopping centre. We are confident that our developments will appeal to our potential buyers. The development of dcondo ping needs to bring something new to the condominium market via a new concept new way of energized living.’ This design concept is rooted in the modernization and urbanization of Chiang Mai and the charm of the Ping River. The project is laid out as if the Ping River were stretched parallel to the buildings, each with its own garden in a unique theme, catering to the ways of life of the people of diverse backgrounds on both sides of the river. The overall aesthetics of the project draws inspiration from the graphic lines of a bamboo raft. Moreover, dcondo ping will be the first and only condo in Chiang Mai to feature a common area of 7 Rais with many facilities as Waterfall swimming pool stretching 100 metres is modelled after Chiang Mais charming River Ping. On top of the cascading water is the gym that bridges the two sides. The large green area is designed to be a Forest jogging track, where runners will feel as if they were running in the woods every day. Some parts of building As opulent lobby is envisioned as a co-working space, where every resident can either work or relax. 

dcondo ping is envisioned as a fully furnished 687 uniits with eight-storey in              4 residential buildings ,. There are three room types. The studios are 30 sq.m, the one-bedroom units are 37.5 sq.m and the two-bedroom units are 60 sq.m. It is located on a 12 Rais plot of land, of which 7 Rais is allocated to common areas to ensure energized living, comfort and access to nature despite being in the city. The project will have 24-hour security, CCTV cameras, digital door locks, and controlled-access lifts for extra security and privacy. Sansiri Family members will be able to benefit from the Home Service Application, an additional channel for residents to contact to the juristic person and request other services online. The application is accessible from various operating systems, affording even more convenience to residents by delivering notifications to their phones. They no longer will have to check the bulletin board or their email. They can also log in and see information of more than one development in which they own a property. The application makes their life easier with just a few clicks. Sansiri is Thailands first property developer to develop this type of application, which we launched in 2013 and have continued to release updates. The application goes hand in hand with our business development plan this year to fully invest and develop property technology innovations, another Thailands first, to meet the after-sales service demand of our residents. Using our database of customer information, we have been able to develop innovations that better meet their demand. The application currently supports 52,000 units from 154 projects, catering to the new lifestyle demand and creating a new kind of experience of our Sansiri Family in the digital era.

The presales of ‘dcondo ping’ will take place during 2023 July with a starting price of only 1.79 million baht. In addition to being fully furnished, buyers will be entitled to a free air-conditioner and have their ownership transfer fee and first years condominium fee waived off. The project is expected to be completed in September 2018. For more information, please call 1685 or visit www.sansiri.com.


HEADLINES [click on headline to view story]y]

Sansiri reaffirms its confidence in Chiang Mai’s property market with the launch of 1.6 billion baht ‘dcondo ping’

 

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