The Collection: A Luxury Condominium Worth Collecting
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The Collection<\/strong><\/span> <\/p>
Nearly 20 years ago, the residents of Bangkok were first introduced to the real electric train system. Since then, various colored electric trains and extensions have been continuously launched to accommodate the city's expansion, which is increasingly spreading prosperity. By 2027, Bangkok will have a total of 11 electric train lines and over 282 stations, covering the entire urban area and suburbs. In the future, electric trains will become a common aspect of life for city dwellers. <\/p>
However, despite the city's and public transportation system's significant development, the crucial element that acts as the city's 'lungs', namely 'green spaces', has only increased slightly. This suggests that in the future, having a residence close to green areas may become more valuable than being near train stations. <\/p>
The Collection by SIAMESE ASSET is a meticulously crafted project that is set to become a treasured asset for investors. Located on a beautiful plot of land in the heart of the city at Sukhumvit 16, it embraces views from Benjakitti Park, featuring trees, a lake, and tall buildings in the background, making it one of the most stunning condominiums in Bangkok that may be hard to find in this area. <\/p>
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Benjakitti Park with an expanded area of 450 Rai<\/span><\/strong><\/p>
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A Location Near Major Parks, in the City Center, Adjacent to the Electric Train<\/span><\/strong><\/p>
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One of the standout features of Sukhumvit 16 is the convenience of living in the city, surrounded by leading large office companies with many high-level executives from both Thailand and abroad who have high purchasing power residing in this area. This is due to the convenient transportation and proximity to several leading shopping malls, making it a prime location for condominiums that cater to city workers, both for personal residence and rental investment. In the past, the condominium market in Sukhumvit 16 has seen changes in the launch prices of new projects, capital gains returns, and rental yield rates, as detailed below: <\/p>
The Condominium Market in Sukhumvit 16<\/span><\/strong><\/p>
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In the second-hand condominium market in Sukhumvit 16, the average market price per square meter ranges from 110,000-160,000 baht, creating an average capital gain of 6.5-8% per year, which is quite good. <\/p>
Highlight Features of The Collection<\/span><\/strong><\/p>
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The condominium project The Collection consists of 2 buildings, with the main building being 41 stories high and offering 443 residential units. It provides three types of accommodation: 1-bedroom, 2-bedroom, and Penthouse. Some interesting highlights of the project include: <\/p>
Attention to Residents' Living at The Collection through the implementation of Siamese technology, an air circulation system called the Siamese Fresh Air System, which filters air in two layers with an Electric Filter sterilization system. Additionally, it features smart home technology (Home Intelligence) that allows control of electrical appliances from mobile phones according to the lifestyle of modern residents. The project also includes a Solar System to help save energy. <\/p>
Selection of Premium Quality Materials such as Hansgrohe, a leading sanitary ware brand from Germany, recognized and used in many global projects. Additionally, it includes a fully imported kitchen set from Italy, brand Snaidero, and electrical appliances from Kuppersbusch, among others. <\/p>
Furthermore, The Collection has collaborated with experienced design experts, such as Creative Crews Ltd., the architectural design consultant for the project, who has highlighted the key features of the project in its structure. ONG & ONG Design Co., Ltd. is responsible for the interior design, reflecting the project's identity with sophistication, meticulous attention to detail, and the use of world-class imported materials. For instance, the kitchen set from “Snaidero” from Italy, designed by the same designer who created Ferrari cars, uses the same finishing technique as Ferrari paint, giving the surface a luxurious shine and protecting against fingerprints. The kitchen equipment from “Kuppersbusch” and the exquisitely decorated bathrooms feature sanitary ware from the world-renowned designer brand “Hansgrohe,” with all pieces made from brass. The project also custom ordered a unique special color that is unlike any other. Additionally, it has used the world's top-quality marble tiles from Italy, brand “Ariostea,” from Iris Ceramica Group, which guarantees world-class quality, for the kitchen and bathroom floors of the project. <\/p>
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For those interested, prices start from 6.2 to 45 million baht. You can register for special offers at https://www.collection16.com/<\/a> <\/p>
A Luxury Condominium Worth Collecting<\/strong><\/span><\/p>
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Currently, Benjakitti Park covers an area of 130 Rai, but by 2020, it will expand due to land donated by the Tobacco Authority, bringing the total area to over 450 Rai. The park will undergo improvements with a budget of 950 million baht. The Benjakitti Park area will be divided into two parts: Part 1, approximately 130 Rai, which is the original area designed as a water park following the royal initiative of 'Love Water Forest' by Her Majesty Queen Sirikit. This is the current section, while Part 2, approximately 320 Rai, is designed as a forest for both urban dwellers and nature, making residents of The Collection the first owners of an urban forest in the heart of Bangkok.
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Why is being close to green spaces important? The World Health Organization (WHO) states that cities with good environments should have 9 square meters of green space per person, but Bangkok only has 3.3 square meters per person. Just think about how precious green space in the city center is.
The Future Towards a World-Class Business District<\/span><\/strong><\/p>
As you may know, in 2017, numerous mega-projects were announced by various major real estate companies, particularly mixed-use projects clustered around Rama 4 Road, making the CBD area of Bangkok from 'Asoke-Rama 4-Sathorn-Silom' a fully connected business hub with approximately 3.28 million square meters of office space. The mega-projects that have filled this area include:
The Collection is located on Sukhumvit 16, just about 450 meters from the Asoke BTS station, which is truly a central urban location. For those traveling by car, it connects easily to Sukhumvit Road, Ratchada Road, and Rama 4 Road.
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Sukhumvit 16 has been home to condominium projects since 1992, often featuring high-rise projects with no more than 200 units per project. The launch prices of condominiums in the past from 2005 to 2010 averaged between 69,000-89,000 baht per square meter, gradually increasing thereafter. At the same time, the number of new projects has not been very high. In 2017, SIAMESE ASSET launched a new project, Siamese Exclusive Queens, starting at 189,000 baht per square meter. Overall, the launch prices of condominiums in Sukhumvit 16 have grown by an average of over 11.2%, and recently, in 2018, SIAMESE ASSET is set to launch The Collection this November.
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Additionally, condominiums in Sukhumvit 16 can generate rental income, with rental rates varying by room type: for 1-bedroom units, the average rent is 20,000-35,000 baht per month; for 2-bedroom units, the average rent is 35,000-57,000 baht per month; and for 3-bedroom units, the average rent is 68,000-100,000 baht per month. Overall, condominiums in Sukhumvit 16 generate an average rental yield of 4.5-5.8% per year.<\/strong>
The Collection Guarantees Construction Quality with Standards from the Founding Company, Riththa Co., Ltd.<\/span><\/strong><\/p>
SIAMESE ASSET understands that "construction quality" is a crucial aspect that residents look for to ensure confidence in living in a condominium. This is one of the standout features that residents will receive from The Collection, as the CEO of SIAMESE ASSET is one of the former founders of Riththa Co., Ltd., a leading company in Thailand's construction industry, with projects worth over 500 billion baht, including large shopping malls, condominiums, airports, factories, power plants, hospitals, etc. Therefore, there is no doubt about the expertise in construction, combined with the determination and desire to create quality condominiums that meet the needs of actual residents. The Collection is thus born from the genuine intentions of SIAMESE ASSET, ready to deliver quality living that can be passed down as a treasured asset for future generations of residents.
Common Areas (Facilities) support various activities for residents, whether for exercise or relaxation on leisurely days, such as a Sky-High Ceiling Lobby, Fitness/Co-working Space, Mini Theatres, Private Meeting Rooms, and EV Charging stations. There are 271 parking spaces available, divided into 182 Automatic Parking and 89 Parking Slots.
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Finally, the question that arises in many people's minds is what a condominium should be like to be suitable for investment and become a legacy for future generations. I believe that a good condominium should be in a prime location, in an area with potential for future value appreciation, and the construction quality must be reliable. Moreover, it should be a condominium that genuinely meets the living needs of its residents. All of this can be found at The Collection, a condominium that will become a “treasured collectible” forever.
or call 092-989-2459.
