Long-term Leasehold Condo Becomes New Option For Urbanites
NEXUS reveals the survey of leasehold condominium, which represents less than 1% of total condominium in Bangkok. Most of leasehold condominium are in the city’s center and in the high potential locations where the developers cannot buy the land or where the land belongs to the state agencies and the Crown Property Bureau. Such locations cover Ratchadamri area, Langsuan and Rama IV.
Mrs. Nalinrat Chareonsuphong, Managing Director of Nexus Property Marketing Company Limited (NEXUS), said that the supply of leasehold condominium in the center of Bangkok has a total of 4,500 units from 22 projects. Of total, more than 67 percent are located in Langsuan and Rajdamri. When analyzing only the new supply that was launched over the past 2-3 years, it reveals that the projects on these special locations show very high potential and have the clear target customer group, for example, I am China Town in Chinatown, Sinthorn Residence in Langsuan and Four Seasons Private Residences on riverside.