Hello to all readers of Terra. Today's review is dedicated to those looking for a ready-to-move-in condo, fully furnished and equipped with complete amenities, ideal for investment and rental returns in the Phra Khanong area. Introducing the Skywalk Residences project by Waralak Property Public Company Limited, located right on Sukhumvit Road, just 150 meters from the BTS Phra Khanong station.

It is well known that the Phra Khanong area is a new location with a significant increase in rental demand, especially among foreigners. According to the latest data from real estate management experts, in the first half of 2017, foreigners renting apartments in Phra Khanong reached about 70%, up from 56% in 2012.

Due to the rising demand, in the past 3 years, rental prices for condos in Phra Khanong have jumped by 10%, which is higher than the Thonglor-Ekkamai area, where over 90% of tenants are foreigners, but rental rates have only increased by 4%.

The average rental yield for condos in the Phra Khanong-On Nut area is around 500-600 THB per square meter, with an average rental yield of 5-7%. One-bedroom units (30-35 sq.m.) are particularly popular. This rental yield is considered higher than that of the Thonglor-Ekkamai area, where limited land for development has led to fewer new condos and higher prices, resulting in a rental yield of only 4-5% per year.

Factors supporting the interest in the Phra Khanong area among foreign tenants include lower rental prices compared to Thonglor-Ekkamai, as well as the development of surrounding amenities such as international schools, restaurants, and community malls, which enhance the vibrancy of the area.

Transportation is also convenient, as Sukhumvit Road provides easy access to the city, and driving out of the city to Samut Prakan, Chachoengsao, or Chonburi is straightforward.

Additionally, the distance from the city center is not far, with the BTS Green Line and the future Gray Line project set to make this area an interchange point. These factors contribute to the increasing popularity of real estate in Phra Khanong, benefiting investors looking to buy for rental or resale profit.

The SKY WALK Residences project is a high-rise condo located on Sukhumvit Road, between Sukhumvit Soi 69 and Soi 71, just 150 meters from the BTS Phra Khanong station. In front of it is the W District Lifestyle Community Mall, a comprehensive mixed-use project.

The project's location is very convenient for travel, with easy access by private car due to its proximity to three expressway entrances: Sukhumvit 50, Sukhumvit 62, and Ram Inthra-Ajarnrong expressway, as well as quick access to Rama 4 Road, Pridi Banomyong Road (Sukhumvit 71), and New Phetchaburi Road.

For public transportation, the most convenient option is the BTS Phra Khanong station, just 150 meters from the project, a comfortable walking distance. It takes only 5 minutes to reach Thonglor and Phrom Phong stations. Additionally, bus services and motorcycle taxis are easily accessible at the entrance of Sukhumvit Soi 69.

Continuing with the amenities, the surrounding area features restaurants, community malls, and importantly, the W District Lifestyle Community Mall, which has shops, restaurants, and a 24-hour 7-11 convenience store. Behind the project is W Market, a market with international food trucks and live music, primarily attracting foreign customers, creating a vibrant hangout atmosphere in the evenings.

Key Locations

  • BTS Phra Khanong 150 m.
  • Big C On Nut 4 km.
  • Tesco Lotus On Nut 6 km.
  • Gateway Ekkamai 1 km.
  • Kuay Nam Thai Hospital 2 km.
  • Sukhumvit Hospital 2 km.
  • Bangkok University 6 km.

Inside the SKY WALK Residences, there are 2 buildings: Sky Walk Condo, which is 50 stories high with 520 units, and Le Lux, which is 27 stories high with 285 units. The project's highlight is its luxury high-rise condo in the city center, featuring the first and only commercial helipad in Thailand.

Starting at just 7.3 million THB, averaging 150,000 - 190,000 THB per square meter, this price is lower than the overall condo market in Phra Khanong, making it suitable for those looking to invest in a condo for rental or resale. The project has a professional management team from Waralak Property overseeing rental management directly for owners, with the majority of tenants being Japanese, Hong Kong, Asian, and European, currently achieving over 85% occupancy and generating an average rental yield of 6% per year, which is higher than the average rental yield of 5% for other condos in the same area.

The facilities within the SKY WALK Residences will be available in both buildings, with Le Luk located on the 6th floor and Skywalk Condo on the 11th floor, both featuring an infinity edge pool and fitness center where users can enjoy stunning city views.

Facilities Include

  • Lobby
  • Fitness / Sauna
  • Infinity Edge Pool & Jacuzzi
  • Discovery Room / Kids Room

The Infinity Edge Pool & Jacuzzi and fitness center located on the 11th floor of the SKY WALK Condo will provide users with a 180-degree view of the surrounding area.

Regarding the design of the building and rooms, the building is designed in a modern style with curves to allow views from every angle. Both buildings offer various room types designed to provide City View and River View (depending on the room's orientation). The common area of the Sky Walk condo features an open atrium with a circular walkway around the building, with glass railings. Below, in the facilities area, there is a waterfall and fish pond, creating a luxurious hotel-like atmosphere.

As for the interior decoration of the rooms, the project sells units as fully furnished (furniture + kitchen set, hood + sink + built-in storage + air conditioning, ready to move in immediately).

Next, let's take a look at the sample room. As mentioned, the project is fully furnished, so all the furniture you see in the sample room will be included. Another highlight of the larger units in this project is that every bathroom comes with a bathtub, which is highly popular among foreigners.

Room TYPE DE 2 Bedroom + 1 Multi Room, size 101.48 - 101.05 sq.m.

Inside the sample room type DE, the balcony has a slight curve following the building's design, allowing views from all parts of the room. Upon entering through the front door, you will find a dining area, with an open kitchen to the right featuring a kitchen counter, electric stove, hood, sink, and built-in storage. To the left is the second bedroom, equipped with a wardrobe and an en-suite bathroom, which is divided into wet and dry areas with a glass door. The bathroom has two entrances, shared with the living area. Next is the living area with a balcony, adjacent to the left side of the living area is the study room, which can be adapted as needed, and on the right side of the living area is the master bedroom with a spacious curved balcony and an en-suite bathroom, separated for the bathtub and shower.

Room TYPE EE 2 Bedroom, size 79.75 - 80.15 sq.m.

Inside the sample room type EE, the balcony has a slight curve following the building's design, with large sliding glass doors leading to the balcony from both the living room and the master bedroom.

Upon entering through the front door, to the right is the kitchen area with a counter, electric stove, hood, sink, and built-in storage. In front of the kitchen counter is the dining area, followed by the living area and balcony.

To the left of the kitchen is the second bedroom, which includes a bed and a wardrobe, adjacent to a shared bathroom with two entrances from the central area of the room. The master bedroom features a special bathroom with a bathtub and a glass partition, allowing visibility into the bathroom, but a curtain can be closed for privacy while bathing. Exiting the bathroom, the master bedroom has a walk-in closet, followed by the master bedroom area with a large bed and TV shelf, and importantly, you can enjoy city views from the bedroom.

Room TYPE D 1 Bedroom + Study Room, size 59.79 - 60.96 sq.m.

Inside the sample room type D, the balcony has a slight angle following the building's design, with one corner of the room providing a view. This room type is also notable for its views, as the layout places the bedroom and living room at the balcony corner, allowing you to enjoy the view at all times.

Upon entering through the left side, this type features a kitchen counter that fits perfectly, allowing space for a washing machine and refrigerator. Next is the dining area, adjacent to the living area with large sliding glass doors leading to the balcony. Opposite is the master bedroom with a walk-in closet and an entrance to the bathroom, which includes a bathtub and another door leading to the kitchen area.

Room TYPE E Studio, size 33.17 - 33.19 sq.m.

Inside the sample room type E, the space is divided into 3 sections, with the kitchen area on the right, which has a sliding door. On the left is a built-in dining table, adjacent to the living area. Here, there is a shelf about 1.5 meters tall, reaching the ceiling, serving as a divider between the living area and the bedroom. Opposite the bed is a built-in wardrobe next to the bathroom, which includes standard sanitary ware and a door separating the wet and dry areas. The balcony of type E is straight and connected to the bedroom.

For readers looking for a condo in the Phra Khanong area at a price still below market levels, suitable for investors preparing to buy condos for rental or resale, the SKY WALK Residences project is indeed an interesting option. Those interested in the SKY WALK Residences project can visit the actual sample rooms at the project site or click for more details at www.skywalk-residences.com.

Thank you for the information from skywalk-residences.com