When looking for real estate investment opportunities, whether for investment purposes or for residence, it seems that the focus is no longer limited to the downtown area of Bangkok. This is because Thailand is currently in an era of expanding transportation networks, making suburban areas adjacent to Bangkok increasingly attractive. The area around the end of Sukhumvit, for instance, is where the extension of the Green Line BTS to Samut Prakan is located, and it will also serve as a connection point for the future Yellow Line (Lat Phrao-Bang Kapi-Samrong), making it a location with clear development potential.

          Let's take a closer look at why investing in real estate in the connecting area of “Sukhumvit-Thepharak” is so appealing that “Origin”, a well-known real estate brand in Thailand, has decided to develop a project in this area. Here are the details:

Land Development in the “Sukhumvit-Thepharak” Area

          It’s no surprise that the latest land appraisal prices from 2016-2019 in the suburban area of Sukhumvit-Thepharak have increased by 15-20% compared to previous assessments, as this area is poised for growth and development.


          “BTS Green Line” has been in operation since 1999 and continues to expand its routes, starting with the addition of one station (Samrong) in 2017, and later in late 2018, the extension (Bearing-Samut Prakan) was opened for a free trial for six months before fully opening in April 2019.

          Meanwhile, “Sukhumvit-Thepharak” is also set to accommodate the “Yellow Line (Lat Phrao-Samrong)”, which will enhance the transportation network in the eastern part of Bangkok, connecting the Green Line at the Samrong Interchange, allowing for convenient access to downtown Bangkok. The entire route of the Yellow Line in this area runs along “Thepharak Road”, which is one of three four-lane roads along the Sukhumvit BTS line, connecting Sukhumvit Road and Srinakarin Road, accommodating both public transport and private vehicles.

          One of the key reasons condo residents look for is the convenience of being close to a BTS station. “Origin” understands this need well and has selected a beautiful plot of land on Thepharak Road to develop the Knightsbridge SUKHUMVIT-THEPHARAK project, located just 0 meters from the Yellow Line (Tipwal Station), connecting to the Green Line Interchange (Samrong Station). In addition to the benefits from the development of two BTS lines, Thepharak Road itself, which is 8 lanes wide, can accommodate various private sector developments. It can be said that Knightsbridge SUKHUMVIT-THEPHARAK is situated in a location that supports the residential needs of workers in downtown Bangkok and has significant growth potential in the future.

Vibrant Amenities

          The growth of investment in the “Sukhumvit-Thepharak” area, in addition to the aforementioned transportation infrastructure, has also attracted private sector developments for various purposes. This growth makes life in this area easy and convenient, as it connects to the end of Sukhumvit Road, Srinakarin Road, and Bangna-Trad Road, all of which are home to various activities for Bangkok residents.

          The lifestyle shopping centers for Bangkok residents today must include “Shopping Malls” or “Community Malls”. On Thepharak Road, you can find Palm Island Mall just 150 meters from Knightsbridge SUKHUMVIT-THEPHARAK, along with many other options for residents to enjoy shopping experiences within a 5-kilometer radius, such as Imperial World Samrong, Central Bangna, Mega Bangna, and if you move further to Srinakarin Road, you will find Paradise Park, Seacon Square, etc.

          With the “vibrancy of the people” in this area, not only are international clients from Asia and Europe expanding from Sukhumvit looking for temporary housing near the BTS at lower rental prices than in the city center, but the Sukhumvit-Thepharak area itself also offers various job opportunities, such as in the hotel business, international schools, or private companies in the Thepharak zone. It is clear that “condominiums” have become a popular type of residence. Currently, the rental yield from condominiums in this area can generate an average return of about 4-5% per year, with an average occupancy rate of 60-70%.

          When choosing to buy a condominium, whether for residence or for investment purposes, in addition to selecting a good location with future growth potential, one must not forget to consider the convenience of living. “Origin” is ready to develop the Knightsbridge SUKHUMVIT-THEPHARAK project, addressing all the needs of customers with a new condominium project located 0 meters from the BTS at an affordable price, linking all aspects of real life in the “Sukhumvit-Thepharak”

New Opportunities for Condominium Investment

          In addition to the key selling point of the project’s location mentioned above, “Origin” also emphasizes the “project's uniqueness”, likening it to a “brilliant diamond” in the potential area of Sukhumvit-Thepharak.

          Knightsbridge SUKHUMVIT-THEPHARAK is a high-rise condominium with 35 floors on a land area of 1-3-54 rai, with an investment budget of over 1,310 million baht, creating 474 residential units and 49% Auto Parking, along with facilities within the project to meet all needs, expected to be completed in 2021.

  • Residential units will be located on the 11th floor, which is the Residential & Garden floor, distributed over two levels: floors 12-29 and floors 31-35, with unit sizes ranging from 23-55 square meters, starting at 2.09 million baht.

  • Diverse Facilities are available on various floors within the project, such as the Ground floor, which includes Lobby, Drop off, Garden Parking, and Digital Technology EV Charger, while the 2nd floor will be a Residential Lounge. Additionally, there will be a Rooftop Facility for enjoying city views on the rooftop.

   

         

          The standout feature of the upper-level common area is the Rooftop Facility with a rooftop garden and a 360-degree viewpoint, reinforcing the Knightsbridge brand's uniqueness compared to other projects in the same area.

          All of this reflects the genuine intention of Knightsbridge SUKHUMVIT-THEPHARAK by “Origin” to pay attention to project details, safety in living, and a limited number of units in a high-potential location at an affordable price, meeting all residential needs, whether for condominium investors looking to rent or for local residents wanting to separate from their families but not yet ready to buy a horizontal residence. For more information, please contact Call Center 020 300 000 and visit the website https://bit.ly/2REwSSO

Thank you for the information from origin.co.th