KnightsBridge The Ocean Sriracha: Gateway to the EEC Economic Zone

Sriracha is another strategic city in Chonburi, located just 24 kilometers from the provincial capital. Its convenient access to Bangkok via Sukhumvit Road and the motorway has led to continuous development in Sriracha, particularly as a hub for industrial estates that attract a significant number of skilled workers, especially from Japan. This has made Sriracha the second city with the highest Japanese population after Bangkok, earning it the nickname “Little Osaka”. The Knightsbridge Ocean Sriracha project by Origin Property has been developed to meet the needs of the Japanese community.

Is Sriracha still “Little Osaka”?

According to data from the Department of Industrial Works on December 29, 2016, Sriracha has over 10 industrial estates with approximately 1,300 factories employing more than 127,000 people. This represents a significant portion of the population in Sriracha district, which has a total population of 275,773 (as of 2015) and covers an area of 616.4 square kilometers. The workforce in factories accounts for 46% of the total population, with around 10,000 Japanese workers between 2012 and 2014. Additionally, the government has initiated mega projects to develop the Eastern Economic Corridor (EEC), which spans from Chachoengsao to Rayong, with an investment value of approximately 1.5 trillion baht over the first five years.

What benefits does Sriracha gain from the EEC?

The EEC development plan designates Chonburi-Sriracha as a city and international education center, supporting future automotive and smart electronics industries. This will attract more skilled labor from both Thailand and abroad, with investments in infrastructure development across 15 projects, divided into 9 categories, including:

Sriracha benefits from being a route for high-speed rail, dual-track rail development, Laem Chabang Port development, motorway improvements, and U-Tapao Airport development, which will enhance transportation and infrastructure efficiency in the industrial area of Sriracha, fostering confidence in investments from both Thai and foreign investors.

Image from: www.ftilogistics.org

Another interesting project is the first of its kind in Thailand, the Digital Park Thailand (Thailand Silicon Valley), or the innovation city developed by the Digital Economy Promotion Agency (DEPA), which is expected to increase the number of digital workforce by up to 52,000 people in the first year, with an investment of no less than 50 billion baht per year, and will elevate the digital industry in the area by approximately 80 billion baht annually. The project is located in Sriracha, covering an area of over 700 rai, divided into 3 parts:

Digital Innovation Zone - A space for creating digital innovations, serving as a center for learning and transferring digital technology, including universities and institutes for digital innovation, such as the IoT Institute (Internet of Things).

Digital Service Zone - A space for digital companies to invest in Thailand to support startups.

Smart Living Zone - Residential areas under smart systems for public accessibility.

Image from: www.blognone.com/node/97114

The ongoing development under the EEC plan currently includes 7 projects, such as the development of U-Tapao Airport, Phase 3 of Laem Chabang Port, Map Ta Phut Port, Sattahip Commercial Port, high-speed rail from Bangkok to Rayong, dual-track railways, and special highways from Pattaya to Map Ta Phut, Laem Chabang to Nakhon Ratchasima, and Chonburi to Trat.

The Knightsbridge Ocean Sriracha project is strategically located within the EEC plan, close to Laem Chabang Industrial Estate, and just 2.6 kilometers from Digital Park Thailand, providing a significant advantage in terms of location surrounded by job opportunities. Additionally, it is equipped with various amenities and educational institutions, such as Kasetsart University Sriracha Campus, Assumption College Sriracha, Darasamuth Sriracha School, St. Paul Convent School, Robinson Sriracha, Phyathai Sriracha Hospital, Samitivej Sriracha Hospital, J-Park, a gathering place for the Japanese community in Sriracha, and Sriracha International Golf Club.

“Knightsbridge The Ocean Sriracha” is a high-potential condominium catering to Japanese tenants.

The Knightsbridge The Ocean Sriracha project is a condominium developed by Origin Property Public Company Limited, which has been continuously developing real estate projects in the EEC area over the past 3 years. Origin has initiated several real estate projects in the EEC, with Knightsbridge The Ocean Sriracha inspired by the potential of Sriracha, which hosts numerous industrial estates. In the future, Chonburi will be a significant strategic area for Thailand, driven by industrial investments from both Thai and foreign investors, especially the Japanese, who currently work and reside in Sriracha in large numbers. The demand for condominium rentals continues to rise, with this project guaranteeing rental yields of up to 30% (6% per year over 5 years).

Given the potential of the Sriracha location, TerraBKK is excited to showcase the Knightsbridge The Ocean Sriracha project, which features a prime location along Sukhumvit Road (Highway 3), a major road that easily connects to Bangkok or Pattaya, and provides access to coastal tourist attractions within just 1.4 kilometers. Additionally, the building is situated on a dragon feng shui site, “backed by mountains and facing the sea”, allowing residents to enjoy views from both sides.

The Knightsbridge The Ocean Sriracha project is a high-rise condominium with 36 floors and 722 units on a total land area of 4-0-4.5 rai, with a project value exceeding 2.5 billion baht.

The building is designed in an L-shape, with the inner part facing the mountain view or east. It features Art Deco architecture, incorporating geometric shapes into the structure, using smooth materials with a color palette of white, black, brown, and gold, enhancing the luxurious feel of the upper part of the building.

The interior design of this project focuses on accommodating the activities of Japanese residents, who often prioritize bathroom facilities. The furniture is designed to maximize storage space, offered as fully furnished with both floating and built-in options, and includes air conditioning in every room. The flooring is made of wood-patterned rubber, which is more resistant to scratches and moisture, while the balcony and bathroom are tiled with ceramic tiles.

The bathrooms are divided into wet and dry areas, featuring showerheads and rain showers, a jacuzzi for relaxation, and a small chair for bathing, in line with Japanese style.

All units in the project come in 5 types:

• Superior (1-Bedroom) 24.50 – 29.00 sq.m.

• Deluxe (1-Bedroom) 33.00 – 37.50 sq.m.

• Suite (2-Bedroom) 52.00 – 62.00 sq.m.

• Penthouse 87.00 – 93.00 sq.m.

• Duplex 61.00 – 101.00 sq.m.

The 1-bedroom units are designed for 1-2 residents, featuring an open kitchen, a small dining table, and a living area separated by sliding glass doors, along with 1 bathroom.

The 2-bedroom units are suitable for 3-4 residents, with an open kitchen, a dining table for 4, and a spacious living area that offers views. Both bedrooms have balconies and there are 2 bathrooms.

The project features extensive facilities spread over 4 floors (located on floors 4, 35, and 36), while floors 1-3 serve as the lobby and parking area, accommodating approximately 320 cars. The facilities are divided into three main areas:

Circle of Community - The 4th floor features a freeform swimming pool and garden for family activities, located on the east side near the mountains, providing shade and a pleasant swimming experience throughout the day.

Facilities on this floor include a party lawn, kids club, laundry room, multi-function room, golf simulator room, home theater room, and a freeform swimming pool measuring 8 x 70 meters with a depth of 1.2 meters, including a shallow area for children.

Circle of Inspiration - Located on floors 35-36, the 35th floor features an overflow swimming pool measuring 5 x 20 meters with a depth of 1.2 meters, along with male and female onsen rooms with mountain and city views, a sauna, steam room, and a tatami room for relaxation. The 36th floor includes a fitness center and business lounge.

For transportation to the project, it is convenient by car as it is located between Sriracha city and Udom Bay, along a main road that easily connects to Pattaya or Bangkok.

Public transportation options include buses, songthaews, and motorbike taxis. Additionally, the project offers a shuttle service.

Nearby locations include:

The Knightsbridge The Ocean Sriracha project is ideal for those looking for a ready-to-move-in condominium with a Japanese-style function. Importantly, you will enjoy a condominium with sea and mountain views, complete with facilities.

For those interested in investing for Japanese tenants, this project is also highly suitable as it is conveniently located not far from the city, with easy access by private car and public transport.

Additionally, there is Hi-Speed Internet service available, along with housekeeping services. Since the project is designed with Japanese functions in mind, there is also a Japanese Agent Service to assist investors in finding tenants.

For those interested in the Knightsbridge The Ocean Sriracha project, there is currently a special promotion with prices starting at 2.79 million baht, with monthly payments of only 3,000 baht, and it is sold with tenants for 1 year, offering a rental yield of up to 7%. For more information, please contact Tel 061 419 0999 and register for a discount of up to 100,000 baht by clicking https://goo.gl/bjhJpM.

Thank you for the information from knightsbridge.origin.co.th