On Monday (January 19), BTS Group Holdings Public Company Limited (SET: BTS) unveiled the “Baan Chao Thai” housing (Thai Housing) project, targeting young professionals, Gen Y (those born between 1981-1997), and low-to-middle income groups, partnering with the Government Housing Bank (GH Bank) to offer mortgage loans to help the target groups access homeownership opportunities.
Mr. Keeree Kanjanapas, Chairman of BTS, stated that BTS has allocated an investment budget of THB 100 billion for the Baan Chao Thai project. The first phase has a total investment value of approximately THB 20 billion, consisting of two condominium projects: D:CODE SRI NAKARIN and D:CRAFT KHLONG LUANG, totaling 11,650 units. These are 8-storey residential buildings with three room sizes: 30 sqm, 45 sqm, and 60 sqm, under the concept of Smart Condo & Smart Security.
D:CODE SRI NAKARIN covers 40 rai of land, with no more than 24 buildings and 4,150 units. The project is located just 300 meters from the Yellow Line (Lat Phrao-Samrong) Sri Iam station. The project is currently in the process of obtaining the necessary permits and approvals, with construction expected to begin around September 2026 and completion by the end of December 2028. Prices start at THB 1.89 million for 30 sqm, THB 2.85 million for 45 sqm, and THB 3.78 million for 60 sqm units.
D:CRAFT KHLONG LUANG, located in Khlong Luang District, Pathum Thani, sits on 115 rai, with no more than 60 buildings and 7,500 units. This future project has units starting at THB 1.6 million for 30 sqm, THB 2.4 million for 45 sqm, and THB 3.2 million for 60 sqm. Reservations for both projects are now open at www.baan-chaothai.com, with construction expected to be completed within 2 to 2.5 years.
“The Baan Chao Thai project marks BTS’ return to real estate investment after 30 years. The first two projects feature prices 25-30% lower than the market in their areas, and installment rates comparable to rent, starting from about THB 6,000-7,000 per month, with no down payment. We limit reservations to one unit per person; if reservations exceed available units, a lottery will be held for transparency,” said Mr. Keeree.
He added that BTS also plans to develop other real estate projects in the Bangkok Metropolitan Area and upcountry. Most of the land is owned by BTS, but if other landowners wish to partner, BTS is open to negotiations. However, further development will depend on the market response to the first two projects.
Meanwhile, Mr. Keeree confirmed that despite the high investment of THB 100 billion, BTS’ current financial status is solid. After receiving full payment of over THB 36.4 billion for Green Line extensions from the Bangkok Metropolitan Administration (BMA), BTS now has a strong cash flow and no debt obligations. Therefore, the company is able to leverage this for further investment without any plans to take out loans from financial institutions or issue bonds at this time.
Nevertheless, while BTS plans to continue developing real estate, it affirms that rail infrastructure remains its core business.
