Bangkok (Thailand) – February 15, 2019 (travelindex.com) – Bangkok is becoming one of the world's best-connected megacities – a prime example of how infrastructure and innovation can transform people's lives. The expansion of the subway and elevated rail networks (MRT and BTS), along with new airport and commuter rail lines, is revolutionizing urban transport and making Thailand's capital more accessible than ever before.

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Ananda Development PCL, Bangkok's leading developer of condominiums near public transport, is leveraging these developments to redefine urban living in Bangkok by building prime properties in close proximity to public transportation. Its portfolio now includes 60 residential projects across Bangkok, averaging just 76 meters from the nearest stop. These offer locals, expats, and international buyers a selection of 44,200 modern, state-of-the-art condominiums in all parts of the city – from prime downtown locations to up-and-coming suburbs.

With five different condominium brands – ASHTON, IDEO Q, IDEO Mobi, IDEO, and ELIO – Ananda promises "urban living solutions" for young professionals who value comfort and optimal connectivity. The company is now planning the launch of ten new projects worth 38 billion THB, focusing on proximity to public transport hubs. Ananda ranked first in units sold within 300 meters of Bangkok's public transport hubs between 2016 and 2018. The company also led the rankings in total units sold in Bangkok in 2018.

The company is unlocking additional revenue streams through expansion into other business areas, including serviced apartments. Ananda is now partnering with The Ascott Limited, the world's leading provider of luxury serviced apartments, and is currently developing five serviced apartment projects: Somerset Rama 9, Ascott Embassy Sathorn, Ascott Thonglor, LYF Sukhumvit 8, and the newest project on Central Pattaya Beach.

Bangkok's urban transport network is vital for the city's estimated 8.3 million residents and hundreds of thousands of tourists. It currently carries over 800,000 passengers daily* and has 126 km of track and 90 stations. A further 340 km of track and 196 stations are planned, so that by 2030 Bangkok's public transport network will reach a total length of 466 km and 286 stations. This will make it longer than the London or New York subway systems.

In 2018 alone, Ananda's money transfers increased by 120% year-on-year to 33 billion THB – a record high. The company also reported record international remittances of 6.3 billion THB, a 300% increase compared to 2017, and an international annual turnover of 10.1 billion THB, also a record. Furthermore, the company has a substantial order backlog of 41 billion THB due over the next three years.

In 2018, Ananda and his partner Mitsui Fudosan launched five new condominium projects, including IDEO Sathorn-Wongwian Yai, IDEO Ratchada-Sutthisan, ELIO Sathorn-Wutthakat, and a project in Saphan Khwai. Additionally, the two companies launched their first four serviced apartment projects, totaling 10 billion THB. In total, the companies are now developing 30 projects valued at 128 billion THB – the largest number of joint venture projects in Thailand. Further growth to 157.6 billion THB is expected for 2019. The strong cash flow of over 13 billion THB can be used for future investments and to strengthen the company.

“In recent years, Bangkok has transformed from a fascinating but congested Asian city into a smart, forward-thinking global metropolis. Connectivity is at the heart of this transformation, enabling residents and visitors to move around this exciting city quickly and easily. At Ananda Development, we understand the impact accessibility has on people's lives – especially those of young people with their active, urban lifestyles. Our diverse residential projects, optimally connected to Bangkok's transport network, are making this dream of modern urban living a reality for thousands of people,” said Chanond Ruangkritya, CEO of Ananda Development.

Bangkok has always been an extremely attractive destination for tourists and expats due to its vibrant street life, friendly atmosphere, and numerous sights. This is evidenced by the fact that Thailand's capital is now the most visited city in the world**, attracting over 20 million international visitors annually, the majority of whom arrive via the city's two international airports.

However, the city's appeal to investors has always been hampered by the notorious traffic congestion, which made traveling in Bangkok a slow and arduous undertaking. With the expansion of the city's rail network, including airport connections to Suvarnabhumi and Don Mueang, Bangkok is becoming even more livable and popular, gaining in importance for both Thai and international residents.

Ananda's strategy of developing high-quality apartments near public transport stops means that in the coming years, more people than ever before will have the opportunity to live, work, and spend their leisure time in this vibrant Asian metropolis.