Strength
• High accessibility: Site is within 3 km of Si rat Expressway, Chatuchak BTS station, future Bang Sue Grand station, future BRT stops. The existing high level of accessibility of such location increases traffic for demand and supply in the area.
• Mixed use: Being a part of mixed use development, retail sector do benefit from cross over demand from hotel and condominium owners in close proximity.
• 30 years Leasehold: A long term lease lowers land cost by 66% (1/3 Rule of Thumb) of freehold land, this shorten the payback period and increase ROI on the project. Suitable for short time renters on yearly basis
Weakness
• 30 years Leasehold: uncertainty for renew another long term lease after 30 years contract depending on new rules and regulations proposed by future train authorities.
Opportunity
• Future BRT lane: There will be BRT Exclusive lane with 16 stop points around Queen Sirikit Park and Vachirabenjatas Park and future Bang Sue Grand station covering 8.5 rai of land. The bus will be running on 2 routes back and forth taking capacity from 400-800 travelers/hour/direction
• New Transport hub: New comprehensive and international standards will change people’s behavior and trigger the shirt towards rail based trip.
Threat
• Low absorption rate in area: the current less than half rented space in nearby JJ mall in the catchment