"Ratchada - Ladprao": The Hip Interchange Location Desired by Gen Z
"Ratchada - Ladprao": The Hip Interchange Location Desired by Gen Z
Did you know? People from the New Gen born between 1980 and 1990 are referred to as Gen Y or Millennials, currently aged around 29-39 years. This is the age of establishing a career foundation, looking for high-rise residences like condominiums as a second home for workdays, or they may be Gen Z, the generation born from 2000 onwards, currently in their studying phase and set to become the new adults of the future.
Of course, “Ladprao” has become one of the residential areas close to popular job hubs, regardless of the era. Recently, two new condominium projects are set to launch under the names “The Origin Ladprao 15” and “The Origin Ratchada-Ladprao” by Origin Property. So, what makes “Ladprao” so interesting? Here are the details.
Exploring the “COO” of the Ladprao Location for New Gen
The developer Origin Property recognizes the purchasing power of the new generation, especially Gen Z, and has designed a new brand called “The Origin”, a condominium that truly understands the needs of condo dwellers. As city condominiums become increasingly unaffordable, a new location that serves as a Center Of Opportunity or COO might be the answer that Gen Z is looking for.
One of the advantages of the locations “The Origin Ladprao 15” and “The Origin Ratchada-Ladprao” is their proximity to the Blue Line MRT (Ladprao Station), within 600 meters. Additionally, “The Origin Ratchada-Ladprao” is only 25 meters from the Yellow Line MRT (Ratchada Station). Furthermore, it connects to major intersections, allowing access to other roads, making it a location with interesting transportation options.
Image 1: Connection of 3 MRT networks in the Ladprao area
Facilities at “Ratchada-Ladprao Interchange” Supporting “Gen Z Lifestyle”
The identity of Gen Z and their lifestyle of “work smart, not harder” or the familiar phrase “work hard, play harder” reflects the lifestyle of this generation well. Besides “work hours”, the time for “relaxation” or “passion activities” is also crucial when choosing to buy a condominium.
Let's start with “shopping malls”, which nowadays serve more than just shopping needs. They have become meeting points for friends, places to read, or to work as freelancers. For “Ladprao”, connecting Phaholyothin and Ratchadapisek, is home to many famous shopping centers such as Central Ladprao, The Street Ratchada, Central Plaza Grand Rama 9, and Central Eastville. Whether by car or MRT, they are easily accessible.
The health-conscious lifestyle is another prominent trait of the New Gen. Just 3 MRT stations from Ladprao to Mo Chit, residents of The Origin Ladprao 15 and The Origin Ratchada-Ladprao can conveniently exercise at “Railway Park”, engaging in activities like running, walking, or cycling.
At night, the vibrant scene in “Ladprao” offers numerous “hangout spots” such as Pate, Malila, Ohanami Izakaya, Ladmaphraya, Bros Brew Beers, Indonis, REP, and Method To My Madness, making it a hub for dining and live music for the New Gen in Bangkok.
Image 2: Lifestyle spots in the Ladprao area
The main highlights of both projects are that they are close to the Blue Line MRT Ladprao Station, which is set to become an Interchange station in the future with the Green Line. The special feature of the MRT Ladprao Station includes a 2,500-car capacity parking building and a Gourmet Market located at Exit 4 within the station, focusing on Grab and Go consumables, five-star dining crafted by quality chefs, and take-home meals, operating from 7:00 AM to 10:00 PM.
Inside this Gourmet Market is divided into 2 main zones. The first zone consists of restaurants offering dine-in or take-out options, while the second zone is a supermarket featuring ready-to-eat meals with microwave services and a section for household goods similar to other Gourmet Market branches like Paragon or Terminal 21, offering both Thai and imported products for the international community in the Ladprao area.
It seems that job-hopping has become a norm for this generation, indicating that one important factor in choosing a condominium should be its proximity to major job hubs. Residents of The Origin Ladprao 15 and The Origin Ratchada-Ladprao will immediately benefit from this, as Ladprao connects to Phaholyothin and Ratchadapisek, which are significant employment areas in Bangkok. Regardless of job changes, it still supports living during workdays.
Cap Gain 4.5-7% and Rental Yield 4.5-5.5% reflect the attractiveness of Ladprao condominiums
Condominiums along Ladprao Road (from the Ladprao Intersection to the Ratchadapisek-Ladprao Intersection) cater to high-rise living, mostly high-rise condominiums, with average launch prices recently reaching over 100,000 baht per square meter, while low-rise condominiums typically launch at an average of 70,000-80,000 baht per square meter, a price range that Gen Z can afford.
Developer Origin Property has developed the The Origin Ladprao 15 and The Origin Ratchada-Ladprao projects as low-rise condominiums in the Ladprao area, with the following interesting details.
The Origin Ratchada-Ladprao sits on a land area of 1-3-28.5 rai, featuring an 8-story low-rise condominium with 61% parking space, comprising a total of 208 residential units and 1 shop, catering to all lifestyles. The 1 Bedroom units range from 24.5 to 33 square meters with various functions such as a walk-in closet area and a closed kitchen area.
- 1 Bedroom Smart Closet 5 - 27.5 Sqm adds a Smart Closet function with a large storage area that reaches the full wall, as wardrobes need to be more than just clothing storage.
- 1 Bedroom Plus sizes range from 32 to 36 square meters, allowing you to design the space as you wish.
- 2 Bedroom sizes range from 50 to 54.5 square meters, providing a home-like function.
- 1 Bedroom
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, wardrobe.
- 1 Bedroom Smart Closet
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, bedside table with Wireless Charger, Walk-In Closet Set.
- 1 Bedroom Plus
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, Smart Mirror (in the bathroom).
- 2 Bedroom
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, 3 ft. bed, Smart Mirror (in the bathroom).
Image 3: The Origin Ratchada-Ladprao
The Origin Ratchada-Ladprao is designed with a Classic Heritage architectural style, using the concept of “train station” as a design theme, drawing various identities into the building design, such as the arch shape of train windows, the frames of the building's light openings, and decorative arches, employing proportions of classic architecture to play with the rhythm of light openings and the building's appearance. Materials are chosen in brown and cream tones, contrasted with Antique Copper aluminum, adding charm and luxury to both the interior and exterior of the building, evoking a feeling of returning to the classic era where the train station served as a meeting point for diverse groups, a starting point for both journeys and life: “The Station Journey to A Better Life” in the Interchange area of the yellow and blue MRT lines.
6 Key Features Unique to The Origin Ratchada-Ladprao Project
- Connected to 2 MRT lines: the Yellow Line at Ratchada Station just 25 meters away and the Blue Line at Ladprao Station only 450 meters away.
- A low-rise project offering privacy with only 208 units.
- Common areas that support all activities and lifestyles, with a total parking space of 61%.
- Lower investment costs due to being a low-rise project but with high rental prices.
- Receive rental yield returns in the same area averaging 400-450 baht per square meter.
- Located in a prime area of Bangkok that generates a capital gain of 15% per year.
THE ORIGIN LADPRAO 15
The project The Origin Ladprao 15 is designed with a concept of simplicity yet uniqueness, using an ICONIC Black & White color scheme that looks elegant while incorporating a sense of style (Smart) both inside and outside the building. Complemented by brown wooden furniture and flooring, adding warmth to make it feel like home, using tall glass to allow light and ventilation, enhancing elegance and spaciousness, and designing each area to provide a unique experience from different perspectives, making it suitable for the lifestyle of the new generation living in a connected and shared urban environment.
The Origin Ladprao 15 sits on a land area of 1-1-6 rai, featuring an 8-story low-rise condominium with 40% parking space, comprising a total of 163 residential units, equipped with Home Automation from the “Origin Connect” application, catering to all lifestyles and making life easier. There are various room types available:
- 1 Bedroom Smart Closet (24.5-25 Sqm)
- 1 Bedroom (26.5 Sqm)
- 1 Bedroom (28-29 Sqm)
- 1 Bedroom PLUS (35-36 Sqm)
- 2 Bedroom (45.5 Sqm)
Along with Facilities & Service that are fully equipped, including the 2nd and 3rd floors and the rooftop, such as Lobby Hall, MailBox & Smart Locker, Co-Working Space, Self Storage, Lounge, Fitness, Swimming Pool, Meeting Room, Rooftop Garden, etc. Starting price is 1.79 million baht for a fully fitted room.
- 1 Bedroom
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, wardrobe.
- 1 Bedroom Smart Closet
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, bedside table with Wireless Charger, Walk-In Closet Set.
- 1 Bedroom Plus
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, Smart Mirror (in the bathroom).
- 2 Bedroom
Daikin brand air conditioning, Home Automation, Digital Door Lock, shoe storage, kitchen counter, TV shelf, 5 ft. bed, 3 ft. bed, Smart Mirror (in the bathroom).
Image 4: The Origin Ladprao 15
Within this scope, it is found that the average selling price of second-hand rooms is 100,000 – 140,000 baht per square meter, creating a holding return of Cap Gain averaging around 4.5-7%. Meanwhile, for investors renting out condominiums in this area, they can expect rental returns or Rental Yield averaging 4.5-5.5%, with average rental rates ranging from 380-580 baht per month per square meter, depending on the size of the room.
The Origin Ladprao 15 also has 6 key features that are unique to the project, including:
- Easy access to everything; the project is only 600 meters from the Blue Line MRT Ladprao Station.
- Close to shopping areas, surrounded by shopping malls and restaurants such as Union Mall, Central Ladprao, and Big C Ladprao.
- Responds to the 5.0 era lifestyle with Home Automation, Smart Mirror, and Outdoor Charger.
- Supports all activities with various common areas and a 24-hour Co-working Space with Office Supply.
- Hotel Service On demand, providing cleaning services for housekeeping, laundry, and bathroom cleaning, all managed through the Mobile Application “Origin Connect” for a more convenient life.
- Starting price of 1.79 million baht in the New Interchange location, making it profitable for personal use and suitable for rental investment to achieve high future returns at an unmatched price.
Both projects in the Ratchada - Ladprao area under the brand The Origin have one more exciting feature that all GEN Z individuals are calling for: exceptional services born from genuine understanding to make condo living ‘easier’.
SERVICE EXCELLENCE: Exceptional services born from “understanding”
Hotel Service On demand provides cleaning services, including housekeeping, laundry, and bathroom cleaning, addressing the need for a more convenient life.
- Facility Booking: Central area booking service via Mobile Application addresses the ‘understanding’ of allocating your valuable time, allowing you to spend quality time pursuing your passions and living life your way.
- Super Maintenance Service provides access to technicians for repairs, air conditioning cleaning, and electrical work, addressing the understanding of your needs so you don’t have to worry about tasks you’re not skilled at.
- Dine-in Service offers snacks and beverages through machines within the project, allowing you to order every meal you desire at your fingertips.
- Smart Bill Pay provides online bill delivery and payment for various expenses through the Mobile Application, reducing the hassle you face every month.
Image 5: Returns from Ladprao condominiums
“Future location potential” from government investment projects is definitely on the horizon
Looking back 15 years, “Ladprao” had the MRT supporting transportation, and in the near future, two additional MRT lines will enhance this location's potential: the Green Line (Mo Chit - Saphaan Mai - Khu Khot), running along Phaholyothin Road for over 19 kilometers, is expected to open in 2020, along with the Yellow Line (Ladprao - Samrong), which will have 23 stations connecting to the Blue Line at Ratchada Station (Ladprao MRT Station), extending all the way to Theparak Intersection in Samut Prakan, anticipated to open in 2021.
Additionally, Bangsue Grand Station will be the largest integrated rail transport hub in ASEAN, accommodating 4 MRT lines: the Blue Line, Green Line, and future Red and Light Red lines. It will also support high-speed rail to the north and south, with current progress at about 60-70%, expected to open in 2021.
Image 6: Government investment projects
Now it’s clear why “Ladprao” has been a popular residential area for so long, with complete amenities, convenient transportation, and future location potential from three major government mega-projects. If anyone is looking for a condominium in the Ratchada-Ladprao Interchange area, the new brand condominium “The Origin Ratchada-Ladprao” is just 25 meters from the Yellow Line MRT Ratchada Station, and “The Origin Ladprao 15” is within 600 meters of the MRT.
Thank you for the information from Origin Property
#First booking opens on August 31 ‘THE ORIGIN’ 2 new projects in the “Ratchada-Ladprao” area
A hip lifestyle area near the New Interchange point #Blue Line #Yellow Line
- The Origin Ladprao 15 | 600 m from Ladprao MRT Station
Starting at 1.79 million baht.*
- The Origin Ratchada-Ladprao | 25 m from Ratchada MRT Station (Yellow Line), the New Interchange point for 2 MRT lines
Starting at 2.29 million baht.*
Register to receive special privileges first! Click https://bit.ly/2Z24n0W
#TheOrigin #VibrantRatchada #VibrantLadprao #VibrantInterchange #KeepGoing #LiveYourBeliefs #LiveYourValue #EmpathyDesignThinking
