Hello TerraBKK community! It feels like the New Year just passed, and now we are already in March. I must say that in just the past two months, many real estate companies have been actively launching new condominiums. For anyone looking for newly launched condos at various price points, whether in the city center, along the BTS line, or condos that cater to different lifestyles, there are plenty of options to choose from.

Of course, as urban dwellers, we want a condo with diverse functions, and most importantly, it should be in the city center, close to work, and easily accessible via the BTS. There should also be shopping malls nearby for weekend shopping. So don’t wait any longer, because today, the TerraBKK team will take you to the Ratchada area.

“Ratchada” is a location that has never stopped developing since the introduction of the Blue Line MRT, which first opened in 2004. In 2019, the Blue Line will be the first completed MRT line in Thailand, connecting the diversity of Bangkok.

From the Tao Poon station connecting Bangkok with Nonthaburi to the Ratchada-Rama 9 area, which links to the new New CBD of Bangkok, and then to Sukhumvit-Silom, the important business and employment hub of the city.

“Ratchada” is a location that has been continuously growing for nearly a decade.

The Ratchada area extending to Rama 9 has seen continuous growth for almost ten years. From 2011 to 2017, private sector investments in shopping centers and office buildings totaled over 1.2 million square meters within just six years.

This includes over 475,000 square meters of shopping center space and more than 800,000 square meters of office space for rent, particularly in the Rama 9 area, which hosts numerous office buildings such as G Tower, The Ninth Tower, SET Tower, AIA Capital Center, and Unilever.

The Ratchada-Rama 9 area has an office occupancy rate of up to 90%, with an estimated workforce of around 28,000 people, comparable to the CBD areas of Silom-Sathorn, which have an occupancy rate of about 95%. In the future, the Super Tower, once completed, will increase the workforce in the area to approximately 57,000 people, indicating that this location still has room for further development.

The condominium market in the Ratchadapisek area

In the Ratchadapisek area, from Lat Phrao intersection to Rama 9 intersection, the selling prices of available projects range from 70,000 to 140,000 Baht per square meter. It is well-known that Ratchada has been designated as a New CBD, leading to a rapid increase in both land and condominium values. Therefore, finding a condominium priced below 100,000 Baht per square meter is quite challenging.

Additionally, the influx of Chinese investors, evidenced by their bulk purchases of units in various projects in this area, has resulted in new condominium prices increasing by 10-15% annually.

As for investment in the Ratchadapisek area, it is considered a high-potential investment location, especially for rental purposes, with nearly full occupancy throughout the year. Rental rates range from 12,000 to 30,000 Baht per month, with returns of approximately 5-7% per year, depending on each project, along with a capital gain of 6-10% per year when sold.

With such high potential, condominiums in this area are ideal for both living and investment. Therefore, TerraBKK is excited to preview a new condominium project, “The Excel Hideaway Ratchada – Huaykwang”, developed by All Inspire Development Public Company Limited.

“The Excel Hideaway Ratchada – Huaykwang” is an 8-story low-rise condominium consisting of 3 buildings with a total of 592 units and 2 retail units, covering an area of approximately 4-3-41 rai, with a project value of 1.3 billion Baht, located on Pracharat Bamphen Road, Huai Khwang, Bangkok. The units are fully furnished.

The project is conveniently located about 900 meters from the Huai Khwang MRT station and features large amenities within the project, including a lobby, saltwater swimming pool, co-working space, fitness center, relaxing garden area, shuttle service, and access card control.

The master plan for the project has all three buildings arranged in an L-shape, with buildings A and C at the front near the entrance, and building B located at the innermost part of the project.

Each building contains two types of units:

  • 1 Bedroom sizes: 25, 28, 34.5 sq.m.
  • 2 Bedroom size: 45.25 sq.m.

For traveling to “The Excel Hideaway Ratchada – Huaykwang”, public transportation options include buses and the MRT at Huai Khwang station, which is about 900 meters from the project, with convenient shuttle service available.

For those driving, there are several routes available, with Ratchadapisek Road as the main route connecting to various roads such as Sutthisan Road, Lat Phrao Road to Vibhavadi Road, Rama 9 Road, Phetchaburi Road, and two convenient expressway entrances:

- Chalerm Mahanakorn Expressway entrance to the city

Approximately 4.3 km from the project.

- Ram Inthra-At Narong Expressway entrance to the outbound side, approximately 7 km from the project.

And the entrance to the city side is about 5.8 km away.

Nearby amenities

  • Cyber World: 1.8 km
  • The Street Ratchada: 9 km
  • Thailand Cultural Centre: 6 km
  • Ratchada Train Night Market/Esplanade Ratchada: 8 km
  • RS Tower: 2.9 km
  • True Tower: 3 km
  • Big C Extra Ratchada: 2 km
  • Central Rama 9: 3.3 km
  • Fortune Town Rama 9: 3.8 km
  • Stock Exchange of Thailand: 4.1 km
  • MCOT (Mass Communication Organization of Thailand): 1 km
  • Show DC Mall: 5.5 km
  • RCA: 6 km
  • Rama 9 Hospital: 4.6 km
  • Piyavate Hospital: 7 km
  • Bangkok Hospital: 3 km
  • Triam Udom School Ratchada: 5 km
  • Bangkok Thonburi School: 8 km
  • Thai Chamber of Commerce University: 3 km

We have now provided all the essential information regarding the location and basic details of the project that TerraBKK has presented today. For in-depth project details and sample units, we will need to wait for the official launch of the project. However, if you are interested in owning a unit in the “The Excel Hideaway Ratchada – Huaykwang”, a high-quality condominium in a high-potential location with excellent returns, please feel free to inquire for more information at www.allinspire.co.th or call 02 029 9999.

Thank you for the information from www.theexcelratchadahuaikhwang.com