Property investors usually expect two types of profit—“rent” and “value appreciation.” Because condominiums have been very popular among investors for the past few years, the market has become somewhat oversupplied. In 2013, approximately 85,000 new condominium units were launched to the market. The demand, on the other hand, has decreased. Investors are thereby seeking new opportunities with higher returns. The home office sector is now considered an emerging property market due to its increasing demand resulting from expansion of small and medium businesses in the country. In addition, compared to the condominium market, it is much less competitive.
The home office concept was originally developed from traditional shop houses by adjusting function and appearance to accommodate people’s lifestyle.
Investing in a home office is similar to investing in other property types—giving priority to “location”. Good location is defined by growth potential, including city expansion, mass transit development, and so on. Investment in a good location not only gives better rent but also higher capital value appreciation.
With over 4,000 households in the area – equating to tremendous purchasing power – “Wongwaen-Onnut” is one of the most appealing areas for home office investors. The neighbourhood is located close to industrial estates, department stores and hospitals. Transportation is convenient as it is connected to landmarks and nodes in both urban and suburban areas—25 minutes’ drive from the CBD, 15 minutes from Suvarnabhumi Airport, and 10 minutes from Mega Bangna. The area is also directly connected to the outer ring road and motorway, which allows easy commutes to Rama II, Lamlukka, Ayutthaya and Chon Buri. The area is ideally located for various types of business, including logistics, retail, restaurants and others.
From a public transportation perspective, the neighbourhood is located only 5-10 minutes by car from Sri Nut MRT Station on the upcoming Yellow Line (Ladprao-Bangkapi-Samrong). The project is under the process of public hearings and is expected to be completed by the end of 2019. Land and property prices are anticipated to increase by then.
The first phase of H-Cape Biz Sector Wongwaen-Onnut by Happy Land group, sited right next to Wongwaen-Onnut intersection, was first launched in 2010. The project received a very good response from customers. Investors in the project have enjoyed rent yields of as much as 7%-8% per year which is more than the average market rate. Meanwhile, the value of the property has increased by over 50% since its launch.
Phase II of the project, in the same location, was launched in 2013. The concept remains high quality and appealing modern architecture. The buildings were designed to accommodate SME businesses so that functions can be arranged according to each customer’s needs. More importantly, the project provides 400% parking space—a big plus as parking is one of the keys to successful business these days.
Because of the area’s growth potential, together with the project design and the developer’s 38 years of experience, investors are assured that H-Cape Biz Sector Wongwaen- Onnut is a smart investment which will certainly generate profit from both rent and capital value appreciation.
More information at http://www.hcape.com/bizsector or call 02-108-9888.