Thailand Property News: Project Developer to Provide New Condo Service

June 06, 2019 Thailand

Where to stay in Bangkok? A popular question among tourists who are either ready to spend or on a budget. But not to worry, there are numerous prime and cosy Bangkok hotels that can accommodate both travellers. However, some of them occasionally search for a service apartment. For this reason, Thailand property owners and locals do find a way to rent out their place in a brief period of time.

Although, short-term rental is against Thailand’s Hotel Act if the property owner does not have a permit. In this case, the move of Siamese Asset Company Limited to develop condominium projects with a hotel business license sparks joy to property investors.

The idea will help Thailand property buyers and owners to rent out their property legally. Because of that, developer assures that facilities and regulations will be at par with Bangkok hotels to obtain the license.

Once all is set, Siamese Asset Co. Ltd. will let all unit buyers to sign a formality letter. This is to inform and seek for approval to allow a business hotel license submission for the property project. Buyers and investors will be able to do so upon purchasing or booking the condominium unit.

Siamese Asset Co. Ltd. projects which are bound to get legal permit

The Collection

Latest Thailand property news regarding condominium service in Bangkok, Pattaya, and Phuket.
Computer generate image of The Collection Sukhumvit 16 exterior facing Benjakitti Park. | Image taken from Siamese Asset Company Limited project website.

A prime residence facing Benjakitti Park and situated next to Bangkok’s prime Asok intersection. The Collection at Sukhumvit 16 is a 41-storey building with 483 units. This project made with world-class materials has three room types: 1-bedroom, 2-bedroom, and penthouse.

Not only that, the property also boasts 182 automatic parking and 89 conventional parking.

The Collection sale price starts at 4,800,000 THB.

Siamese Exclusive Ratchada

Latest Thailand property news regarding condominium service in Bangkok, Pattaya, and Phuket.
Computer generated image showing the outdoor facilities of Siamese Exclusive Ratchada. | Image taken from Siamese Asset Company Limited project website.

The most convenient grand condominium next to Ratchadapisek Station. Siamese Exclusive Ratchada perfectly stands tall in the new CBD. In fact, this Bangkok property has other nearby transportations and main roads such as the upcoming MRTA Yellow Line and Vibhavadi Road.

Siamese Exclusive Ratchada has a total of 622 units and a total of 281 parking slots. Unit size is between 31 square metre to 57 square metre.

Siamese Exclusive Ratchada sale price starts at 3,500,000 THB.

To summarize…

The concept of Siamese Asset Co. Ltd. provides opportunity to property investors who are seeking to get extra income legally. The action will equally benefit travellers who opt to stay in serviced apartments.

Famous tourist spots like Pattaya, Phuket and Chiang Mai are also the target locations of the said Thailand property developer.

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