Sansiri has launched a new lifestyle brand XT. XT stands for Extend Your Style and this particular condominium series is targetted at millennials.
XT condominiums by Sansiri will allow residents to customise their lifestyles any time of the day. Room layouts can be personalised and rooms come fully furnished with customised furniture. There are VR game rooms and 24-hour virtual fitness facilities.
The characteristics of the XT brand comes from the insight that sees millennials looking for different experiences. It is divided into four groups: Passionate Optimist, Daring Vision, Urban Explorer, and Digitally Fluent. XT will provide a unique experience for this group. This is a very unique condominium product in the whole of Bangkok. This is perhaps the first truly lifestyle themed condominium for millennials.
There will be 3 XT projects: XT Ekkamai. XT Phayathai (600 meters from BTS Phayathai) and XT Huai Khwang (75 meters from MRT Huay Kwang).
EXPLORE YOUR SPACE with personalized room layouts
Choose a bigger room. Choose your style at every XTreme Condominium.
Free from all restrictions. You can choose the style of your room at XT Condominium.
Whether it is a big kitchen, big office or a large living room, find your space at every XT Condominium.
EXPAND YOUR LIFESTYLE at co-sharing facilities
Choose more activities based on your style and share exclusive areas of each XT condominium.
Fill your life with style and experience the new co-sharing facilities.
Share exclusive public areas in every convenient XT location and find more exclusive in each XT.
Who is XT style person?
Based on the concept and design experience, this is based on in-depth insights from target audiences – millennials, or people aged 28-35, who are today’s leading social and economic drivers.
This group focuses on living harmoniously between proven value and success in front of work and aesthetics in life. They are open-minded new things. And experience the joy without wasting time on fussy tricks. But at the same time, do not forget to pay attention to yourself and your loved ones. They will not waste time being other people and believe themselves to be part of a global community that is interconnected through similar experiences and technologies.
In this article, I would like to introduce you to a new upcoming launch by listed Thai developer Sansiri in a joint venture with Tokyu Corporation. This is not the first time they are working together. Taka HAUS Ekkamai 12 was a recent project launched by Sansiri and Tokyu jointly last year and Taka HAUS is already 95% sold.
This upcoming new project has generated a lot of interests even before the official global launch on 7th July 2018.
The name of the development is called XT Ekkamai. XT series is the first of it’s kind. The concept is created to target the Millenials.
While the HAUS series comes with a resort concept, XT will very much cater to the Millenials’ active lifestyle.
The Location
Located in the earlier parts of soi Ekkamai, staying in XT Ekkamai gives you access to a myriad of amenities. Shopping malls, schools, and hospitals are all easily accessible.
Some noteworthy landmarks are:
Entertainment and Restaurants
– Arena 10
– Health Land
– Ekkamai Shopping Mall
– Gateway Ekkamai
– Big C Ekkamai
– Major Cineplex
– J Avenue
International Schools
– Ekkamai International School
– The American School Of Bangkok
– Bangkok Prep International School
And that is really the reason why so many people love staying in Ekkamai.
The distance from XT Ekkamai to Ekkamai BTS is about 1.7km.
If you refer to the map above again, you will see not too far away from XT Ekkamai, there is a pin drop for Donki Mall. Yes, this is the famous Japan discount chain store.
We have 2 Donki outlets here in Singapore as well and it is super crowded every weekend.
The Donki mall is already under construction. It will be an impressive 6-storey retail mall in Ekkamai 5 when completed.
Project Highlights
Xt Ekkamai by Sansiri is a freehold development. Standing at 38 levels high, it will consist of a total of 537 residential units and 1 retail shop.
The units mix consist of 1 bedroom and 2 bedroom units.
For 1 bedroom, sizes range from 29.75sqm to 38sqm.
For 2 bedroom, sizes range from 45.50sqm to 57sqm.
XT Ekkamai is expected to be completed by December 2020.
270-degree sky pool. Enjoy the lovely Bangkok’s night scene.
Pushing the limitations with facilities that are truly out of the ordinary.
Sky lap pool with jacuzzi and poolside theatre. Awesomeness defined. No description required.
Courtyard Garden for you to have your moments of solitude.
This is no normal gym. It is equipped with Virtual Reality technology to enhance your workout sessions.
Look at that pool table.
Bar and Lounge on 38th. The perfect space for an after-party.
Conclusion
Proximity to social network and city resources, open floor plans, luxury kitchens, minimalist design, spa-like bathrooms, statement appliances, smart home technology, green building sustainability and bold use of colours. The Millenials have huge purchasing powers and the design world is taking notice of their preferences.
Sansiri and Tokyu have moved first to capture this market with their launch of XT Ekkamai.
XT Ekkamai Launch 7-8 July 2018 in Hong Kong, Singapore, Taiwan, Malaysia, China
In Bangkok, rental can be a bit confusing as there seems to be a lack of reliable online resources to guide landlords and tenants through the rental process. There are also no fix rules that apply, just standard practices. If your property is ready to let and this is your first time being a landlord in Bangkok, here’s 7 things you might want to take note of.
#1. Is it legal to Air BnB condos in Thailand?
The promise of high yields from short-term rentals would definitely attract any landlords. This is a grey area and it is an open less obvious that many landlords are doing short-term rentals. However, under the Hotel Act, you require a license in order to provide short-term accommodations. Recently, the authorities have punished a few owners in Hua Hin for contravening the act. We would urge you to err on the side of caution and not subject yourself to such unnecessary risks.
#2. Recently, there was a new Thai Rental Law enacted. Does it affect me?
The new law only applies to landlords who are classified as “business operators”.
The definition of “business operators” is as such: A business operator that leases at least five or more property units in one or more buildings for residential use. Property types include condominiums, apartments, houses and any other type of property used for residential leasing (Excluding Hotels).
So in other words, if you own less than 5 residential properties for lease in Thailand, the new changes do not apply.
#3 How long is a typical lease?
Mostly, you will see agents or landlords advertising for rental of 6 to 12 months. 12 months is a rather common arrangement. Anything lesser than 6 months, tenants would usually prefer apartments where there are concierge and room services provided.
#4 How much commission do I have to pay when engaging an agent?
In Bangkok, for 12 months lease, you as a landlord will have to pay the agent a commission equivalent to 1-month rent when the agent secures a tenant for you. This is market practice.
#5 How much security deposit do I collect?
Again, market practice is that the landlord collects 2 months equivalent of security deposit. This is to be returned to the tenant at the end of the lease. (less any chargeable damages caused by the tenant).
But if you are a landlord with more than 5 rental residential properties, the new law will dictate that you can only collect 1-month rent worth of security deposit.
#6 Should I furnish my property for ease of securing a tenant?
Generally speaking, you should. More than likely, you would have invested in a studio or 1 bedroom condo. Thus, your tenant would also most likely be a single or at best a couple. It is highly unlikely these tenants will bring along their big pieces of furniture when they relocate to Bangkok.
Dolling up your condo in Bangkok would not cost you much but it will go a long way to attracting a good tenant.
In fact, for some developers such as Sansiri, they will fully furnish the properties that they sell to foreigners.
#7 Who bears for other costs such as maintenance and utilities?
The landlord is responsible for all the applicable property taxes and maintenance payable to the condo management. The tenant will have to bear their own cost for utilities, cable, and internet.
Last words: It is advisable to engage a responsible and pro-active agent/agency to assist you with your property. Most of the time, for a fee. the agency also provides property management services.
CITIES in Thailand have risen in rankings for the cost of living, with Bangkok entering the global top 100 for the first time, according to a survey by ECA International, a provider of knowledge, information and software for the management firms.
Elsewhere in the region, Singapore is now the 20th most expensive location in the world, as Hong Kong drops from second to 11th in the Cost of Living global rankings.
Tokyo is the most expensive Asian city on the global list in seventh place.
Alongside rising trend for Thai cities, Malaysian cities have also moved up the index.
Commenting on Thailand’s and Malaysia’s rise in the rankings, Lee Quane, regional director – Asia, ECA International, said that once again prices increased at a relatively low rate, in both countries. In the case of Malaysia, especially in Kuala Lumpur, this shows that the inflationary impact of the imposition of a goods and services tax seems to have been brought under control. “Rather, it is the relative appreciation of each country’s currency that saw Bangkok and Kuala Lumpur rise in our rankings to 99 and 182 respectively,” Quane said.
Chiang Mai also saw a rise and is up to 169 in the global rankings.
“The price of goods and services included in our basket of goods has only seen a modest increase in Singapore over the past 12 months, in line with other similar economies in Asia,” said Quane.
“However, the rise in the rankings has been due to the relative strength of the Singapore dollar versus the US greenback in the past year.”
ECA International has been conducting research into the cost of living for over 45 years. It carries out two main cost of living surveys per year to help companies calculate the cost of living allowances so that their employees’ spending power is not compromised while on international assignment.
The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in 475 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of the living basket.
Quane said that Hong Kong has seen a significant drop in our cost of living rankings for overseas workers, falling behind locations such as Tokyo, Seoul, and Shanghai. The main reason behind the drop is the fall in the value of the US dollar against which the Hong Kong dollar is pegged, over the last year.
Exchange rates have been the main cause of movements in the rankings in the past 12 months. “Rates of price increases throughout most of the major locations in Asia researched has been quite low,” said Quane. “Currency movements, on the other hand, have been quite volatile with several emerging market currencies strengthening against the US dollar in the last year.”
Every one of the Chinese cities included in the survey has seen a rise in the global rankings from last year. Shanghai was the highest placed Chinese city on the list in 10th place overall.
Tokyo is now the most expensive location in Asia to live in, despite staying in seventh place in the global rankings.
“Tokyo’s global ranking has remained relatively static over the past few years,” Quane said. “It is only the yen’s relative strength against the US dollar that has seen the Japanese capital become the most expensive place in Asia for foreigners to live and work, at Hong Kong’s expense. It has been a similar theme in Seoul, which is also now above Hong Kong in the rankings, despite remaining in eighth place globally.”
In Europe, rankings have largely gone up, with locations such as Rome, Paris, and Dublin rising by over 40 places each.
Quane said that the euro has performed significantly better over the past twelve months compared to the previous year, so we have seen living costs increase in a number of European nations. Cities such as Rome and Brussels have risen by over 50 places.
Swiss cities continue to dominate the top of the rankings – with four locations remaining in the global top 10.
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