Sansiri Ventures into the Home Office and Shop House Market with Two New Locations marking its first entry into Charoenkrung! Introducing the home office 'Siri Square Charoenkrung 80', located just 850 meters from Asiatique, featuring 35 units valued at 530 million baht. Additionally, in the Petchkasem area, a shop house 'Siri Avenue Petchkasem 81' will be developed with 93 units, also valued at approximately 530 million baht. This move responds to real demand as land in Charoenkrung has become scarce, with prices exceeding 200,000 baht per square wah, while Petchkasem has seen land prices rise nearly 60%, currently at 50,000 baht per square wah, up from 32,000 baht three years ago. The home office and shop house market continues to show strong demand, and we are confident that the market will remain vibrant and grow in the future.

          Mr. Somkiat Hongsapphinyothin, Deputy Managing Director of Business Development and Horizontal Project Development at Sansiri Public Company Limited stated that Sansiri is actively developing home offices and shop houses in two new locations, Charoenkrung and Petchkasem, where it has never developed projects before, recognizing their high business potential. The projects will be developed under the brand 'Siri Square', offering home offices in the city priced between 10-30 million baht, with the project 'Siri Square Charoenkrung 80' located just 850 meters from Asiatique The Riverfront, featuring 35 units valued at 530 million baht. The 'Siri Avenue' brand will offer shop houses near the city, easily accessible, priced between 5-10 million baht, with the project 'Siri Avenue Petchkasem 81' comprising 93 units valued at approximately 530 million baht.

          “The home office and shop house market has a consistently high real demand. In the Charoenkrung area, the demand for home offices is increasing due to its proximity to the central business districts of Silom, Sathorn, Rama 3, and Sukhumvit, making it easily accessible. Currently, there is no land available for developing home offices as it is increasingly difficult to find suitable land. Presently, land prices have surpassed 200,000 baht per square wah, a 10% increase from 2016 when prices ranged from 100,000 to 150,000 baht per square wah. Thus, 'Siri Square Charoenkrung 80' stands as the only home office project in the Charoenkrung area, akin to a precious gem in a prime location, yet priced affordably compared to condominiums in the area, at 55,000 baht per square meter, significantly lower than condominiums priced at 100,000 baht per square meter. Meanwhile, the Petchkasem area is a high-potential business location with multiple access routes, such as Petchkasem Road, Bang Bon Road, Rama 2 Road, and the Kanchanaphisek Ring Road. Additionally, the upcoming Blue Line subway, set to open in 2019, will further drive up land prices, which currently stand at 50,000 baht per square wah, up from 32,000 baht three years ago, an increase of nearly 60%. Therefore, Sansiri has chosen to develop home offices and shop houses in these two locations, Charoenkrung and Petchkasem, due to their business potential, believing they will become long-term business hubs generating income in the future,” Mr. Somkiat added.

          'Siri Square Charoenkrung 80' is a 4-story home office with a width of approximately 6 meters, offering a usable area of about 284 square meters on land sizes ranging from 27 to 54.80 square wah, featuring 3 bedrooms, 5 bathrooms, 1 living room, 2 pantries, and parking for 2 cars. It is situated on a 5-rai plot on Charoenkrung Road, Soi Charoenkrung 80, designed in a New York Loft style inspired by the 19th century, often converting old warehouses in New York's SOHO into homes or studios. The open layout with high ceilings provides a modern feel, and the design maximizes usable space, allowing residents to customize the interior functions. Additionally, the housing layout is organized in small clusters, with main roads within the project being 11 meters wide and side roads 9 meters wide, ensuring a spacious and private environment. All materials are designed and selected to meet top-notch standards, surrounded by a complete community that caters to all lifestyles, close to Central Rama 3 shopping center, HomePro Rama 3, international schools such as Shrewsbury International School, Bangkok Christian College, and hospitals, as well as government offices. Prices start at 14.39 million baht with a promotional offer of easy payments at 29,000 baht per month, including world-class design furniture.

          'Siri Avenue Petchkasem 81' is a 3.5-story shop house with a width of approximately 4 meters on a 9-rai plot on Petchkasem 81 Road, featuring a modern loft style that is open and unrestricted, making the space feel airy and comfortable. It allows for easy customization of functions to suit various business needs, with design and functionality perfectly fitting every square inch. It accommodates a large number of customers with over 100 parking spaces and 24-hour security, along with a lush central garden for residents' relaxation. Prices start at 4.59 million baht, with a special promotion offering free furniture for the entire unit and one year of maintenance fees.

Thank you for the information from Sansiri