BTS-Sansiri has unveiled The Line Chatuchak – Mo Chit, the first condominium project developed by BTS Sansiri Holding Group Co., Ltd. This project made headlines two years ago by simultaneously launching sales across multiple countries, receiving overwhelming responses from both Thai and international customers. Construction is now complete, and residents can begin the process of taking ownership of their units. The company is confident it can transfer ownership worth over 3 billion baht by the end of this year, reinforcing its success with a prime location that is set to become Thailand's most important transportation hub in the near future, making it ideal for both living and long-term investment. The project is equipped with elements that enhance urban living, along with upgraded technology and innovations that seamlessly cater to the lifestyle of consumers in the digital age, while continuing to build on this success through long-term joint ventures.

          Mr. Kwin Kanjanapas, CEO of BTS Group Holdings Public Company Limited stated, “BTS and Sansiri share a vision to develop residential projects in locations that are convenient for travel and offer long-term investment value. The Line Chatuchak – Mo Chit is the first project we have developed together to create excellence in every aspect, and it has received very positive feedback. It can be said that it transformed the Thai real estate industry two years ago. We are ready to continue this success with the financial strength of the BTS Group, along with prime land ready for development, combined with Sansiri's expertise in real estate development for future projects.”

          Mr. Apichart Jutrakul, Chairman of Sansiri Public Company Limited  said, “The Line Chatuchak – Mo Chit was launched in 2015 and created a new phenomenon in the Thai real estate sector by simultaneously opening sales in three countries: Thailand, Hong Kong, and Singapore. Over 2,500 international customers showed interest in the project and attended the roadshow, with 85% of buyers being Thai and 15% foreign. Following this success, BTS and Sansiri have continued to develop The Line brand projects, such as The Line Sukhumvit 71, The Line Ratchathewi, and The Line Asoke-Ratchada, which sold out during the pre-sale. Additionally, we won four major awards at the “Thailand Property Awards 12th Edition” for The Line Sukhumvit 101 and The Line Phahol-Pradipat, with all projects achieving excellent sales and development success in both domestic and international markets. We are always ready to meet the living needs of modern consumers, and in the future, we will continue to develop projects under The Line brand and others, with a five-year investment plan for no less than 25 projects, valued at over 100 billion baht. The long-term partnership between BTS and Sansiri will enhance project excellence and consumer confidence in the brand. Next year, we plan to prepare for the transfer of ownership for three more condominium projects under BTS Sansiri Holding Group Co., Ltd., including The Line Ratchathewi, The Line Asoke-Ratchada, and The Base Garden – Rama 9, with a total value of over 10.2 billion baht. Currently, there is a backlog of 24 billion baht in revenue recognition for the joint venture with BTS that will be recognized in the next three years.”

          The Line Chatuchak – Mo Chit, developed by BTS Sansiri Holding Group Co., Ltd., is a 43-story high-rise condominium with 841 units, offering living spaces ranging from 25.25 to 105.75 square meters, situated on over 4 rai of land near the Mo Chit BTS station and the Chatuchak Park MRT station, with a skywalk connecting the project through a community mall in front of the project for added convenience for residents, set to be operational in early 2018. Additionally, the project is surrounded by various amenities, including office buildings, hospitals, shopping centers, leading department stores, Chatuchak Market, and over 700 rai of green space.

          Ms. Warangkhana Akkrasathaporn General Manager of BTS Sansiri Holding Group Co., Ltd. stated, “The Line Chatuchak – Mo Chit is a highly valuable option when considering the various strengths of the project in terms of living in a location at the center of the largest transportation hub in Thailand. It is also the first Smart Condo by Sansiri, where we have integrated technology and amenities throughout the two years of construction. The success factors of The Line Chatuchak – Mo Chit project include:

  1. Confidence in the potential of the BTS and Sansiri brands – the collaboration between BTS, which has strong financial backing and prime land, and Sansiri, a leader in Thai real estate development for decades, enhances consumer confidence in the brand for both Thai and foreign customers, leading to interest in the project even before its official launch.
  2. The potential of the Phaholyothin-Ladprao area is considered to have very high long-term potential, with the Phaholyothin Transportation Center or Bang Sue Grand Station, which, when completed, will make this area the most important and largest transportation hub in Thailand, connecting various BTS lines, trains from Bangkok to the regions, and high-speed trains covering four routes across all regions, with plans to expand routes to neighboring countries. Importantly, it will also be a junction for two express public transport lines, leading to continuous development of various real estate in the surrounding area, along with rising land prices and average condominium sale prices, which are expected to increase, with an average Gross Rental Yield of 5-6% per year. For The Line Chatuchak – Mo Chit, the average price was about 170,000 baht/sq.m when the project opened in 2015, and it has now surged to 185,000 baht/sq.m, or about 10%, with the potential for further price increases if the government's area development plans are completed. Additionally, the project is surrounded by 700 rai of green space and boasts stunning city views, making it suitable for both personal residence and long-term investment.
  3. The first Smart Condominium by Sansiri – utilizing technology and innovations for living to align with the lifestyle of consumers in the digital age, including:

  • A special version of the Rabbit Card for building access that can also be used as a BTS ticket, allowing entry to the condominium and other recreational areas in the project, with an RFID system for automatic access control.
  • A Booking Facility system to facilitate room and common area reservations through the Home Service Application.
  • An automatic lighting system in common areas to help save energy.
  • Smart Lockers that allow residents to use a personal code to access their packages at any time, with tracking available through the Home Service Application.
  • Trendy Wash, a laundry top-up system in the E-wallet that aligns with the cashless society trend, with automatic notifications when washing machines are done.
  • Good Waste Refund Machine, an automatic bottle recycling machine where residents can recycle plastic bottles to earn money for the project’s maintenance or donate to designated foundations.
  • Smart Move, a vehicle rental service within the project by Sansiri to facilitate modern living, featuring 100% electric BMW i3 cars available for residents to rent, with charges based on actual usage by the minute, along with EV Chargers for electric vehicles.

          Additionally, there are enhancements to the building systems and various components, such as a ventilation system that allows air circulation within the project without relying on air conditioning on certain days, Blocks wall in the children's playroom featuring highlights from the Milan Fair to inspire endless imagination, a fitness center with 360-degree views equipped with world-class exercise machines, and special exercise equipment designed specifically for wheelchair users, among others.

          Following the tremendous success of The Line Chatuchak – Mo Chit and other condominium projects under The Line brand, stay tuned for the upcoming launch of The Line Sathorn, the latest high-rise condominium project that will highlight both its prime location just 0 meters from Surasak BTS station and innovations for living once again.

Thank you for the information from   https://sansiri.com