Luxury Riverside Condominium Politan Rive Achievable Reality

Regardless of how many new roads are constructed or how many new train lines emerge, these changes are not impossible. However, digging up the enchanting river again is simply out of the question. Therefore, the location by the Chao Phraya River has become a rare and valuable area that everyone desires to possess, as it offers experiences that cannot be found elsewhere. This is a significant reason why the prices of riverside condominiums continue to rise every year.

When it comes to urban living, aside from seeking residences with a pleasant atmosphere, one must not forget about the convenience of transportation. This time, TerraBKK presents a location for riverside condominiums that allows for seamless travel by car, boat, and train.

Upgrading piers to boat stations, connecting cars, boats, and trains

Traveling by boat is another mode of transportation for city dwellers. Recently, the Marine Department has initiated a project to upgrade 19 piers along the Chao Phraya River to boat stations from 2019 to 2021, making water transportation more convenient for city residents.

In addition to making boat travel more convenient, safe, and orderly, this upgrade will seamlessly connect all modes of transportation: car, boat, and train. The locations that will connect all three modes include Phra Nangklao, Bang Pho, Kian Kai, and Taksin Bridge

Phra Nangklao Location

The Phra Nangklao area currently connects two important zones: the Rattanathibet zone, a significant government center in Nonthaburi, and the Bang Yai zone, which is the center of development on the western side (West Business District). In less than two years, “Phra Nangklao Location” will be upgraded to become a connection point for cars, boats, and trains (Rattanathibet Road - MRT Purple Line at Phra Nangklao Bridge Station - Phra Nangklao Pier) to enhance travel connectivity across all modes. Additionally, “Phra Nangklao Pier” is one of 19 piers that will be transformed into a “boat station”, featuring modern facilities comparable to a train station.

This transformation will make Phra Nangklao Boat Station not only modern but also connected to the MRT Purple Line at Phra Nangklao Station through a passenger terminal and walkway. Furthermore, there will be an overpass for MRT users and a parking building that can accommodate up to 1,000 cars.

Bang Pho and Kian Kai Locations

Bang Pho, the site of the new parliament or Sappaya-Sapasathan, is another location that connects all modes of transportation. For the rail system, Bang Pho serves as an interchange for the MRT Purple Line and the Blue Line at Tao Poon Station, and it also has Bang Pho Station, which is an extension of the Blue Line, connecting cars, boats, and trains via Bang Pho Pier, Pracharat Sai 1 Road, and Pracharat Sai 2 Road.

Charoen Nakhon - Charoeng Krung Locations

The Charoen Nakhon - Charoeng Krung area, an old part of Bangkok, currently connects to Sathorn Pier and Taksin BTS Station. However, in the future, the Charoen Nakhon side will have the Gold Line, which will connect cars, boats, and trains with the Gold Line at Charoen Nakhon Station and Icon Siam Pier.

Comparing Riverside and River View Condominiums

First, TerraBKK would like to explain that condominiums with river views can be categorized into two main types based on location:

Riverside Projects and River View Projects. Riverside projects are those that are directly adjacent to the river, allowing residents to walk and enjoy the river view even from the ground floor. In contrast, River View projects do not necessarily have to be next to the river; they may be located further away, but some units or directions of the building can still see the river view. Although both types can offer river views, they differ in price and future value (Capital Gain), which will be summarized at the end.

As mentioned earlier, if you are looking for a condominium that provides both a river view and convenient transportation, TerraBKK would like to highlight three locations.

Phra Nangklao Location

Being in Nonthaburi province, most condominium projects in this area are Riverside condominiums since large plots of land adjacent to the river are still relatively easy to find. TerraBKK has selected The Politan Rive, Manor Sanambinnam, and Metro Luxe Riverfront, with the average price of projects in this zone ranging from 69,000 to 95,000 baht per square meter. From the map and table below, it can be seen that The Politan Rive is the only project closest to the MRT station and pier.

Bang Pho Location

Moving slightly closer to the city, in the Bang Pho area, we can no longer find Riverside projects. Previously, there was only one project, 333 Riverside, which has now sold out. The remaining projects are River View projects, with an average price of around 75,000 to 130,000 baht per square meter.

Charoen Nakhon - Charoeng Krung Locations

Finally, we arrive at the last location for river view near the city, which is Charoen Nakhon - Charoeng Krung. This area is actually considered a riverside location adjacent to Silom-Sathorn, but naturally, the prices are not ordinary. The average price of condominiums in this zone is around 100,000 to 450,000 baht per square meter.

When looking at all three zones, it is evident that Phra Nangklao is the most affordable riverside location. Furthermore, in less than two years, it will become a connection point for cars, boats, and trains, making it easier to travel into the city. Thus, Phra Nangklao is one of the locations worth watching at this time.

Riverside condominiums have rental rates that are 7% higher than River View condominiums!

TerraBKK has surveyed the rental market situation for riverside condominiums along the Chao Phraya River in the Phra Nangklao area, which is one of the desirable locations for owning a riverside condominium at an affordable price. Purchasing a riverside condominium in this area not only offers a pleasant atmosphere with a view of the Chao Phraya River but also allows residents to travel conveniently by private car, MRT Purple Line, and Chao Phraya Express Boat (2020).

When the projects with river views are divided into two types, which one should we choose to invest in? Currently, new condominium projects in the Phra Nangklao area have an average selling price of around 69,000 to 73,000 baht per square meter, while the second-hand condominium market has an average selling price of around 60,000 to 95,000 baht per square meter (for both Riverside and River View projects). When calculated, these projects create future value (Capital Gain) averaging 3.5-5.8% per year

Furthermore, when examining the rental rates between Riverside and River View projects, it was found that riverside condominiums (Riverside) generally achieve rental rates that are 7.5% higher than river view condominiums (River View).

  • Riverside condominiums have an average rental rate of approximately 250-370 baht/sq.m/month, yielding an average rental return (Rental Yield) of 3-5.7% per year.
  • River view condominiums have an average rental rate of approximately 220-300 baht/sq.m/month, yielding an average rental return (Rental Yield) of 4-5.3% per year.

It can be said that riverside condominiums (Riverside) in the Phra Nangklao area not only provide a riverside atmosphere at an affordable price but also offer better rental income compared to river view condominiums (River View).

The condominium project The Politan Rive, a luxury riverside condominium by Everland, is also located in this area.

The Politan Rive luxury riverside condominium averages 70,000 baht per square meter

The project The Politan Rive is developed by Everland, which has previously completed four riverside condominium projects. The Politan Rive is a luxury riverside condominium located near the MRT Purple Line (Phra Nangklao Bridge Station) and is a high-rise condominium with 56 floors on a plot of 9-3-37.6 rai, and this project is now completed and ready for occupancy.

The condominium The Politan Rive offers living spaces from floors 9 to 56, divided into two types of units:

  • 1 bedroom, sizes ranging from 30 to 50 square meters.
  • 2 bedrooms, sizes ranging from 50 to 60 square meters.

Whether for single living with a 1-bedroom unit or for couples with a 2-bedroom unit, it meets all needs, whether for personal residence or investment for rental. Everything is achievable at The Politan Rive.

Additionally, residents can enjoy a variety of facilities such as a fitness center, swimming pool, kids' pool, sky garden, boxing room, yoga room, lobby, jogging track, playground, golf simulator, co-playing space, kids' room, multi-purpose room, reading room, meeting room, co-working space, sky lounge + sky deck, etc., located on the 9th floor and rooftop. At the same time, residents can also stroll along the riverside park or engage in activities at the clubhouse conveniently.

The Politan Rive currently has an average selling price of approximately 70,000 baht per square meter, or about 1.57 million baht and comes with a special promotion!!! Pay only 4,999 baht per month for customers who book on September 28-29 only. For more information, please visit http://bit.ly/2NOo7nr or call 02-002-2222 now.

Thank you for the information from The Politan Rive by Everland