1st June 2015
The LINE Jatujak-Mochit Sells Out in Weekend Launch
HONG KONG PRESALE OF THE LINE JATUJAK-MOCHIT SELLS OUT IN WEEKEND LAUNCH
More than 90 units sold to local investors in Hong Kong Debut
Sansiri Public Company Limited, a leading, fully-integrated property developer in Thailand, officially debuted its latest project “The LINE Jatujak-Mochit” in Bangkok, Hong Kong, and Singapore on the weekend of 30 – 31 May 2015. The project received great interest from Hong Kong investors as over 1,500 guests attended the weekend event and more than 90 units of The LINE were sold.
This is Sansiri’s first joint venture business in partnership with the BTS Group Holdings PLC in Thailand, allowing investment opportunity in Bangkok’s upcoming transportation hub area, Mo Chit – Bang Sue, and within 350 meters distance from BTS and MRT. This vibrant neighborhood offers accessibility, shopping convenience and the largest central green space in Bangkok. The LINE pricing ranges from HK$ 951,000 – 4,750,000 (4-20 Million Baht).
Apichart Chutrakul, Chief Executive Officer and Co-founder, Sansiri Public Company Limited (Thailand) states that “Southern China and Hong Kong, along with Singapore, all close neighbors to Thailand, are some of Sansiri’s current high-potential markets in the area which are short, direct flight distances away. Due to these reasons, we are launched presales of this project together in three international markets for the first time ever in order to offer a valuable time-sensitive opportunity for foreigners along with our strong Thai buyers, who are young pioneering spirits looking for a convenient lifestyle yet accessibility for working in the city.”
Kingston Lai, Chief Executive Officer of Asia Bankers Club and Co-Founder of Golden Emperor Properties (Hong Kong) Limited states that “Hong Kong investors have a great appetite and interest for Thailand property investments. This simultaneous launch of The LINE in Hong Kong and Bangkok is a rare opportunity which the local buyers recognized. Furthermore, the capital appreciation potential of this project is incredibly high with so many neighboring infrastructure developments in the pipeline. Hence a combination of all these factors resulted in a sold out exhibition last weekend.”
For further information on The LINE Jatujak-Mochit, please visit www.thelinebkk.com.
About Sansiri PCL
Established in 1984, Sansiri Public Company Limited is one of Thailand’s leading property developers. Listed on the Stock Exchange of Thailand (SET: SIRI) since 1996, it is widely recognised for its 30 years of experience and expertise in developing premium-quality, low and high-rise residential projects.
Three core businesses of Sansiri include property development; property services (property management and property brokerage services); and a hospitality business. The Company was the first and only South East Asian real estate developer to receive the prestigious Commendation of Excellence by Asia Pacific Commercial Real Estate (APCRE) in 2007.
Sansiri sets itself apart from other developers by offering a complete home and lifestyle experience, with consistent after-sales services and privileges.
In 2015, Sansiri reported total revenue of 29,527 million baht in total revenue (US$911million), with a net profit of 3,393 million baht (US$ 104.67 million), representing earnings per share of 0.33baht. 96.5 per cent of total revenue was from project sales, 27,251 million baht (US$883.4 million), of which 59 per cent was from condominium projects, 37 per cent from single-detached house projects, and the remaining 4 per cent from townhouse projects.
About Asia Bankers Club
The Asia Bankers Club is an investment club for banking and finance professionals in Asia. With a vast member base, the Asia Bankers Club organizes events for its members and provides physical assets for investments, such as properties, fine wines, art, timepieces, and collectables. Our members are from top tier investment, private and consumer banks, asset management companies, private equity firms, hedge funds, and sovereign wealth funds primarily located in key financial centres.
Above: Over 1,500 investors attended the Hong Kong pre-sale of The LINE Jatujak-Mochit