SC Asset campaigns round coverage restraints

SET-listed developer SC Asset Company Plc is utilizing a marketing campaign to spice up gross sales of accomplished rental models as the federal government’s property tax incentives efficient from the beginning of this month don’t apply as a result of its models are priced above Three million baht.

“The property sector entails not solely suppliers but additionally numerous gamers comparable to producers and labourers,” stated Prayongyut Itthiratchai, first vice-president for high-rise growth. “To spice up the property market, the incentives shouldn’t have unit value limits.”

SC has six tasks with unsold accomplished rental models. Three are within the super-luxury section, comprising Saladaeng One with 40 models remaining, 28 Chidlom with 140 unsold models and Beatniq with 80 unsold models. Three within the mid-priced section — Centric Ratchayothin, Chambers Raminta and Chambers On Nut Station — have models ranging from 3.49 million baht.

To encourage consumers, SC waives charges for switch, frequent areas and electrical energy and water provide metres.

“The latest lower in rates of interest will probably be good for the property sector because the robust baht may be offset barely. However the brand new lending curbs had a powerful impression on the rental market as some funding consumers can’t take out loans,” he stated.

If the loan-to-value laws are revised to exclude third houses, some funding consumers should purchase condos for hire at numerous areas, Mr Prayongyut stated.

In accordance with, a property web site and advisor, the highest three areas the place web customers looked for a rental rental with a month-to-month charge of 20,000 baht and decrease have been Phra Khanong-On Nut, Huai Khwang-Sutthisan-Sena and Krung Thonburi-Talat Phlu.

From On Nut to Punnawithi skytrain stations, rental charges ranged between 480-650 baht per sq. metre per thirty days, with a rental yield of 5-6% per 12 months.

From Thong Lor to Punnawithi stations, On Nut additionally noticed the bottom common rental value per sq m at 120,000 baht, adopted by Bang Chak (140,000 baht), Punnawithi (180,000 baht) and Phra Khanong (200,000 baht).

Tomorrow, SC plans to launch Chambers On Nut Station, a low-rise rental venture with three eight-storey towers and a complete of 487 models price 1.7 billion baht. It was accomplished earlier this month.

“We’re launching the venture after building was accomplished as a result of most goal consumers dwelling within the On Nut space are renting flats or condos. They’d not pay each hire and down funds on the identical time,” stated Mr Prayongyut.

SC shares closed yesterday on the SET unchanged at 2.30 baht in commerce price 23.6 million baht.

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