Exploring Two Landmark Locations: 'Ladprao' and 'Ramkhamhaeng'

A Hub of Lifestyle in the Future Business District

The continuous economic growth has led to urbanization expanding beyond the central economic hub (Central Business District) through infrastructure development, such as the extension of the subway, which has become a future location suitable for residential, hotel, office, and shopping center projects. Consequently, land prices have been rising over 10% per year due to competition among investors and developers, especially in the new economic areas known as the New CBD and Northern CBD, where mega-projects from both the public and private sectors are being rapidly developed for upcoming service openings.

  • 'Ladprao-Jatujak' - The Future Location and Major Transportation Hub

Ladprao-Jatujak, once a densely populated area with residences and businesses such as the headquarters of PTT, Thai Airways, SCG, major television stations, and popular recreational spots like Jatujak Park, Rod Fai Park, and Central Ladprao, as well as Mo Chit Bus Terminal, is a convenient route for traveling to various provinces. With the announcement of the extension of the subway from Ladprao Intersection to Kasetsart University and the upcoming opening of Bang Sue Central Station, a mega-project covering over 300,000 square meters that connects trains, the blue, purple, and red subway lines, the Airport Rail Link, and high-speed trains connecting three airports, the Jatujak-Ladprao area is increasingly attracting developers and investors.

With the potential of the Interchange transport system, this location has seen the emergence of several mixed-use projects set to open between 2021 and 2023, such as Mo Chit Complex, covering over 75,000 square meters, which plans to develop office buildings, hotels, residential areas, and shopping centers within the project, SO Oasis, an office and retail space of 54,000 square meters, and Ratchayothin Hill, which includes office space, a convention center, hotels, and retail areas totaling 49,000 square meters. There are also future projects, such as a joint venture between BTS Group and Central Group to develop a mixed-use project combining condominiums, office buildings, shopping malls, and hotels on over 50 rai, as well as plans to redevelop the old Mo Chit Bus Terminal into Bangkok Terminal, a mixed-use building covering 810,000 square meters for transportation, parking, hotels, shopping centers, offices, and a convention center.

Jatujak-Ladprao is considered a major transportation hub of Bangkok and its vicinity, densely populated with office buildings, tourist attractions, and large parks, making it suitable for residential project developments such as 'Metris Ladprao', a ready-to-move-in condominium on a 1 rai plot, 29 stories high with 193 units. The project is designed in a Mid-Century Modern style, featuring 1-bedroom units with living areas of 30-31 square meters and 2-bedroom units with living areas of 44-61 square meters. The project offers various amenities, including a saltwater swimming pool, rooftop relaxation garden, barbecue area, and unique common areas developed by Major Development, such as a Pet Zone for pet relaxation.

'Metris Ladprao' is located in a convenient area close to the MRT Phaholyothin station and BTS Mo Chit station, just 250 meters away. It takes only 5 minutes to reach Central Ladprao or Union Mall and 30 minutes to get to Don Mueang Airport. The project's outstanding features make Metris Ladprao highly potential for investment, with yields reaching 4.5-5% if purchased for rental.

  • 'Rama 9 - Ramkhamhaeng' - A New Business Hub Catering to Urban Lifestyles

The New CBD area is a densely invested location, second only to the CBD, particularly around Rama 9 Intersection, which is a junction of Rama 9 Road, Ratchadapisek Road, and Asoke-Dindaeng Road. The connection to the MRT Blue Line at Rama 9 station has led to massive investments, especially in shopping centers, hotels, and job opportunities in this area, such as Central Plaza Grand Rama 9, G Land Tower, Grand Mercure Fortune Hotel, CP Tower 2, and Rama 9 Hospital, making this area a complete hub of shopping centers, business, and convenient access to the city.

Nearby, the Cultural Center station is surrounded by important government offices such as the Ministry of Culture, the Chinese and South Korean embassies, the Stock Exchange of Thailand, True Tower, and various offices, catering to lifestyle and entertainment needs, such as Esplanade Ratchadapisek and Muang Thai Ratchadalai Theater. It is expected that by 2024, the Cultural Center station will become an Interchange station connecting to the Orange Line on the east side, 'Cultural Center-Min Buri', heading through Ramkhamhaeng to Suwinthawong, preparing to connect with the Pink Line at Min Buri station heading towards Nonthaburi Government Center in the future. The Rama 9-Ramkhamhaeng area is thus an important transport network hub connecting various routes.

With all the elements of transportation and business, the land in this area has the potential to be developed into shopping centers, office buildings, condominiums, and large mixed-use projects. Currently, there are interesting projects that have received the Property Awards 2020-2021 in the Mixed Use Architecture category, such as Major Tower Rama 9-Ramkhamhaeng, a large office space of over 25,181 square meters, and the 'Metris Rama 9-Ramkhamhaeng', a ready-to-move-in high-rise condominium in a Mid-Century Modern style on a 2 rai plot, 33 stories high with 570 units, featuring 1-bedroom units sized 30-30.5 square meters and 2-bedroom units sized 48-59 square meters, along with complete amenities such as a saltwater swimming pool, fitness center, barbecue area, rooftop green garden, and the project is also a Pet Friendly Residence allowing residents to keep pets with a designated Pet Zone.

The 'Metris Rama 9-Ramkhamhaeng' condominium can be accessed via two routes: Rama 9 Road and Ramkhamhaeng Road, close to the Airport Rail Link Ramkhamhaeng station, 600 meters away, and the Orange Line at Ramkhamhaeng station 12, just 300 meters away, surrounded by amenities such as Samitivej Hospital Srinakarin and The Mall Ramkhamhaeng, which is undergoing a major renovation to become a large lifestyle hub in this area. This makes the condominium project in this location a viable investment for rental profit in the long term due to high Capital Gain and Rental Yield in line with demand, similar to Metris Rama 9-Ramkhamhaeng, which has yields of 4-4.5%.

Recently, Major Development launched a year-end campaign 'MAJOR SALE' offering special discounts for 'Metris Rama 9-Ramkhamhaeng' 1-bedroom units starting at 2.99 million baht and 'Metris Ladprao' 1-bedroom units starting at 3.88 million baht, along with special deals including free common area fees for up to 10 years and a Welcome Pack covering three services: moving services from Lalamove, cleaning and disinfection services from Roys Vesta, and laundry service vouchers from Sin Chai Hua, with terms and conditions as specified by the company.

 

For those interested in more details, please visit www.major.co.th 

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