LPN Highlights High Growth Potential in Rangsit Rental Housing Market

Launches 'Let Your Money Work' Campaign for 'Lumpini Township Rangsit-Khlong 1' Project

LPN reveals that the demand for housing in Rangsit is experiencing high growth due to urban expansion. The increasing population density in the community has positively impacted the rental housing market, presenting an investment opportunity to purchase properties for rental that offer better returns than bank deposit interest rates. The new campaign, 'Let Your Money Work,' introduces the 'Lumpini Township Rangsit-Khlong 1' project, which offers condominiums with tenants guaranteed to provide buyers with fixed returns of up to 8% and 5% per year.

Mr. Opas Sripak, CEO and Managing Director of LPN Development Public Company Limited (LPN), stated that the northern expansion of Bangkok has led to a continuous increase in demand for housing in Rangsit, particularly for rental properties. This is largely due to the presence of numerous universities in the area, which attracts over 50,000 students annually. Coupled with investments in commercial real estate, including shopping malls, hospitals, and industrial estates, Rangsit has become a high-demand area for housing to accommodate the influx of students and workers relocating closer to job opportunities. Therefore, the rental housing market has significant growth potential.

According to a survey by Lumpini Wisdom and Solutions Co., Ltd., a research company under LPN, Rangsit is home to six universities, including Thammasat University, Bangkok University, Rangsit University, Rajamangala University of Technology Thanyaburi, Valaya Alongkorn Rajabhat University, and the Asian Institute of Technology, with a total student population exceeding 50,000 annually. The student population continues to grow at an average rate of 3.2% per year, while the workforce population increases by at least 5,000 people annually, with an average growth rate of 1.2% per year, indicating a sustained upward trend in the rental housing market.

LPN, the developer of the 'Lumpini Township Rangsit-Khlong 1' project, offers an investment opportunity that yields higher returns than traditional bank deposits, providing investors with a viable option and a means to diversify their investment risks. The 'Let Your Money Work' campaign promotes investment in the 'Lumpini Township Rangsit-Khlong 1' project, where buyers can purchase condominiums with tenants, guaranteeing fixed returns of 8% and 5% per year, facilitated through LPN staff acting as Living Advisors.

Customers will receive guaranteed monthly returns, paid every three months, with two options available:

1. 8% guaranteed return for 3 years: Receive a monthly return of 7,000 THB for a 1-bedroom unit of 26 sq.m. at a special price of 1,059,000 THB, or a monthly return of 5,700 THB for a studio unit of 21.50 sq.m. at a special price of 859,000 THB. Additionally, receive 24 free gifts, including furniture and electrical appliances.

2. 5% guaranteed return for 5 years: Receive a monthly return of 4,400 THB for a 1-bedroom unit of 26 sq.m. at a special price of 1,059,000 THB, or a monthly return of 3,600 THB for a studio unit of 21.50 sq.m. at a special price of 859,000 THB. Also, receive 23 free gifts, including furniture and electrical appliances.

Investors will receive returns every three months, and after 3 or 5 years, if they wish for the company to assist in finding tenants and managing rentals, they can request this service for a fee of 1.5 months per year.

In an era where deposit interest rates are low and other investment forms are volatile, investing in condominiums with guaranteed returns of 8% for 3 years or 5% for 5 years is an attractive option. It represents a good portfolio diversification strategy. Importantly, during the entire 3 or 5-year investment period in the 'Lumpini Township Rangsit-Khlong 1' project, customers will incur no additional costs, including management fees and rental management fees. Interested parties must purchase through LPN staff, who will serve as housing advisors. Mr. Opas stated.

Those interested in the project can find more information at LPN Call Center 02-689-6888 or on Facebook: Condo Lumpini or via the LINE application at @LPNConnect.