Following the launch of XT Ekkamai and XT Huaikhwang over the last 2 months, Sansiri will be doing a global launch for XT Phayathai this coming 1st September 2018.
If you would like to find out more about this development, the team at Invest Bangkok Property had it all covered for you.
The Location
XT Phayathai is located within a 600 meters walk to BTS Phayathai. BTS Phayathai is also the interchange with Phayathai Airport Rail Link, which allows you to connect straight to Suvarnabhumi Airport.
And from Phayathai BTS, you are only 2 stops away to Siam. The main shopping belt in Bangkok.
Project Highlights
XT Phayathai is a freehold development that is slated to be completed in the year 2023. There is an existing building sitting on the plot which will be torn down to accommodate the construction of XT Phayathai.
There are a total of 1,435 residential units in 2 towers plus 1 commercial unit on the ground floor.
The units mix consist only of 1 and 2 bedrooms. The units are sold fully furnished.
If you want to know how th actual show unit looks like, you can visit this link to see videos of our visit to XT Phayathai sales gallery.
Investment Potential
This location is predominantly made up of the local Thais staying. Staying here allows easy access to the core central region of Bangkok as well as the several good schools and universities nearby such as Chulalongkorn University.
There are several office towers in Phayathai and we are expecting more additions of major commercial complexes such as the Phayathai Complex, JRK Building, Park Origin Phayathai and Aspiration One Bangkok. In these offices, there are major corporations such as Huawei, Sansiri, and IBM.
You can expect tenants to be office workers and medical staffs nearby, including those working in the city center (Siam, Chitlom, Silom, and Sathorn) as Phayathai is not too far a distance away. Staying in the city center will cost them a lot more in terms of rental they have to pay.
Staying in Phayathai offers a balance between accessibility and affordability.
A typical 40sqm 1 bedroom unit in Phayathai is currently renting for about THB25,000 to THB30,000.
With an average entry price of THB6,500,000 investors are still potentially looking at a healthy yield of about 5%.
For investors with a slightly lesser budget, you can look at the units of 30sqm. That would be priced around THB5,000,000.
There are also major infrastructure improvements happening that can bring a boon to property owners in Phayathai.
Firstly, the Airport Rail Link terminates at Phayathai. But it will be further extended to the west. This extension will likely increase the accessibility for the demographics staying in west Bangkok to come to city center via Phayathai.
Secondly, about 3 BTS stops up north, there will be the Bang Sue Grand Station which is the terminus for the future High-Speed Rail linking China to Bangkok. With the proximity to the Bang Sue Grand Station, you should expect a positive spillover effect onto properties in Phayathai.
XT Phayathai will be officially launched on 1st September 2018.
However, pre-sales are already on-going. Buyers who select a unit before the launch get to enjoy early bird discounts benefits.
Interested parties can visit the XT Phayathai Developer Sales Website for the available units, floor plans.
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