Life in Bangkok is driven by work, making it essential for city dwellers to consider not just transportation and amenities but also the Job-Housing Balance when choosing where to live or work. The new project SKY RISE Avenue Sukhumvit 64 by RISLAND aims to enhance this balance in the area.

SKY RISE AVENUE SUKHUMVIT 64: A New Life Balance in the City

            SKY RISE Avenue Sukhumvit 64 is a project that blends residential and workspaces in the Punnawithi area, enhancing the harmony of living and working. Developed by RISLAND, a Hong Kong real estate brand known for its successful projects, this high-rise condominium consists of 4 buildings, 46-49 stories tall, with a total of 1,961 units, starting from 28 square meters, located just 450 meters from the Punnawithi BTS station.

            The project's facilities are designed to cater to the lifestyle of Bangkok's digital innovation hub and the needs of the new generation. They include a Lobby & Mailbox, Co-working space, Co-kitchen space, Podcast station, Laundry room, Fitness center, Family area, Sauna room, Basketball Half Court, Swimming pool, and 24-hour security.

SKY RISE AVENUE SUKHUMVIT 64: Catering to Urban Dwellers

            SKY RISE Avenue Sukhumvit 64 offers various room sizes to accommodate different lifestyles and needs, including:

  • 1 Bedroom, 28 square meters
    • Room is divided for multiple functions.
    • Closed kitchen to prevent odors in the bedroom.

  • 1 Bedroom, 35 square meters
    • Spacious living room for a full lifestyle experience.

  • 2 Bedroom, size varies
    • Spacious bedrooms for complete relaxation.
    • Full-length windows for stunning city views.

  • 2 Bedroom, 55 square meters
    • All rooms are divided for personal space.
    • Large bathroom with bathtub and full-length windows for city views.
    • Master bedroom with panoramic windows for a 180-degree city view.

  • Duplex 3 Bedroom, 35 square meters
    • Increased space for a flexible lifestyle.
    • Full-length windows for breathtaking city views.

  • Duplex 3 Bedroom, 55 square meters
    • Maximize your happiness with expansive living space.
    • Experience the grandeur of city views.

Punnawithi: A Location for Work-Life Balance

            Five to seven years ago, Punnawithi in the Sukhumvit area was a developing residential location, struggling to keep pace with job growth. The number of office buildings was limited compared to the area's potential. However, today, Sukhumvit's growth has been remarkable, with a significant increase in both residential and job opportunities. According to TerraByte, there are approximately 5,990 businesses in the Phra Khanong and Bang Na areas, covering 151,700 square meters and employing around 21,145 people, indicating a balanced growth of jobs and housing in the Sukhumvit area.

            In addition to abundant job opportunities, the BTS system allows for quick access to the CBD areas like Silom, Sathorn, and Siam, making commuting times comparable to those in central Sukhumvit.

Punnawithi: The New Hub for Digital and Expats

            With the emergence of large office buildings like DKSH, Bangchak Petroleum, Amper Tower, Bhiraj Tower, M Tower, and the latest True Digital Park, which serves as a digital innovation center and a hub for digital economy and startups, Punnawithi has become a prominent area for innovation, attracting a new generation of demand and expats.

Punnawithi: Access to Facilities in Thonglor and Bang Na

            As an Urban Fringe location, Punnawithi allows residents to enjoy the facilities of Sukhumvit, particularly in Thonglor and Ekkamai, with just 3-4 BTS stations away. This proximity provides easy access to the lifestyle of Thonglor or the large regional shopping centers in Bang Na, making it a versatile location for diverse lifestyles.

Overview of the Condominium Market in Punnawithi

            The condominium market in Punnawithi is not highly competitive, but prices have been steadily increasing each year. As a zone supporting the expansion from central Sukhumvit, prices have adjusted but remain lower than those in central Sukhumvit.

            Back in 2007, the first condominium project in Sukhumvit-Punnawithi was priced at around 47,000 THB per square meter. Since then, new projects have consistently raised their prices annually, with current offerings in this area priced at approximately 130,000-150,000 THB per square meter, reflecting an average annual increase of 13%.

            Looking at the resale prices of second-hand units, the capital gain is approximately 6-8% per year, which is competitive with prices in early and central Sukhumvit. For those interested in purchasing for rental, rental prices range from 500-650 THB per square meter per month, starting at 15,000 THB per month for studio units, resulting in a rental yield of about 5-6% per year.

            For those interested in the SKYRISE AVENUE Sukhumvit 64 project and seeking a better life without having to choose between home and work in the rapidly growing Punnawithi area, stay tuned for updates. On August 1st, join us for the Pre-sale event with many special promotions. Register for exclusive rights on the day of the Presale and keep up with the latest news at: https://bit.ly/37YUIgR or call 02-026-6888, press 7.