Siam Sinthorn Embraces Lifestyle Investment in Leasehold Market with Three Major Projects

Mr. Khajondej Saengsuphan, Executive Director of Siam Sinthorn Co., Ltd. stated that leasehold is another investment option for condominiums in the city center. As land prices in central areas continue to rise, purchasing a condominium in a prime location may seem out of reach. Therefore, leasehold or long-term rental rights present an interesting alternative, gaining significant popularity in major cities around the world.

      Compared to freehold or outright purchase in the same location, leasehold prices are 30-50% lower, providing more opportunities for those wishing to own a residence in the city center, with a rental period of 30 years and an option to extend for another 30 years.

      Additionally, leasehold investments can achieve rental prices comparable to freehold in the same area. Moreover, leasehold projects developed by landowners can ensure proper maintenance of the buildings from construction through to upkeep.

        In the past, Siam Sinthorn launched the Sinthorn Residence project in 2015, achieving 85% sales within two years, which is considered an unexpected success. The clientele includes both Thai and foreign investors looking for central locations for residence and long-term rental rights. Surveys indicate that most clients are business owners and high-level executives seeking convenient locations surrounded by comprehensive amenities. Another group consists of investors looking for prime locations that are easy to rent out and yield high returns. The company anticipates significant growth in the leasehold market in the future, as freehold properties in the city center are becoming increasingly expensive and scarce, particularly in areas like Lang Suan, Rajdamri, Witthayu, and Ploenchit.

        Recently, the company has moved forward with three more projects: Sinthorn Tonson, Sinthorn Lang Suan, and Sinthorn Lumpini, to cater to the urban lifestyle. The company is confident of receiving positive feedback due to its reputation and past performance. Siam Sinthorn's strengths lie in its expertise and management system, as well as its focus on this specific market, which has always recognized opportunities. Currently, long-term rental rights in prime locations in Thailand are still significantly cheaper compared to leading cities worldwide, such as London Zone 1: THB 2,000,000 per Sq.m., Hong Kong: THB 1,450,000 per Sq.m., Shanghai: THB 1,000,000 per Sq.m., Singapore: THB 710,000 per Sq.m., while Bangkok stands at THB 250,000 per Sq.m.