After the COVID-19 crisis, one significant yet often overlooked development is the large-scale migration of people, particularly from Bangkok back to the provinces. During the period from April 20-26, 2020, (a survey report on the migration of Thai people based on DTAC network usage during Covid-19), coinciding with the lockdown measures, the trend of population movement from the capital to other cities has caught the attention of economists and urban planners.

         This urbanization process has transformed provincial cities into vital areas for both residential and employment opportunities. When considering cities with such readiness, TerraBKK Research thinks of Sriracha in Chonburi, a city well-equipped with educational institutions, job sources, infrastructure, housing, and significant investment capital. In this article, we invite readers to explore the Brixton Kaset Sriracha Campus, a condominium located in front of Kasetsart University, Sriracha Campus, and the comprehensive amenities of Sriracha - Laem Chabang that you may not have known before.

 

Brixton Kaset Sriracha Campus: Convenient Access, Connecting Sukhumvit Road and Highway No. 7

         When considering the travel potential in the Sriracha - Laem Chabang area, one cannot overlook the Laem Chabang Port, which serves as a connection point between Sukhumvit Road and Highway No. 7 (Bangkok - Chonburi Motorway), two crucial roads linking Chonburi and Bangkok. Whether traveling to Bangkok or heading towards Pattaya, the journey can be made conveniently in just 35 to 100 minutes. Additionally, it provides easy access to important roads in Sriracha, such as the 9-Kilometer Road, Laem Thong Road, Laem Chabang Central Road, and Highway No. 3009, making this area one of the most accessible locations in Laem Chabang - Sriracha.

 

Located at the Heart of Mega Projects: EEC 

         It is impossible not to mention the arrival of national-level mega projects that elevate the Sriracha - Laem Chabang area to a level comparable to major cities in the country. This includes the high-speed rail project connecting three airports (Don Mueang Airport - Suvarnabhumi Airport - U-Tapao Airport), spanning 220 kilometers with an investment of 152 billion baht, which will facilitate travel and goods transportation throughout the region and is expected to become a transportation hub for the ASEAN region in the future.

         Another significant project attracting leading demand to the area is the Digital Park Thailand @Sriracha (EECd), a new commercial and economic center alongside the creation of innovative digital solutions, which is expected to generate up to 100,000 digital professionals annually.

 

Located Near the Abundance Center of Sriracha

         In terms of urban development, a key indicator besides the growing population is the abundance of various facilities. Sriracha district has shown clear urban growth, with the hidden population of Laem Chabang sub-district reaching 40,000 people, mostly workers in the industrial estate, leading to Laem Chabang being upgraded to a “Laem Chabang Municipality”, which has now become a major port city in the country.

         The central area of facilities in Sriracha - Laem Chabang is undoubtedly around the Laem Chabang Intersection - Laem Chabang Central Road, as it is a crucial intersection that densely gathers the city's amenities, including government institutions such as police stations, social security offices, Laem Chabang Municipality, Provincial Electricity Authority, and Provincial Waterworks Authority, among others. It also hosts several hospitals, including Laem Chabang Hospital, Samitivej Sriracha Hospital, Phyathai Sriracha Hospital, and Vibhavadi Hospital, along with a cluster of educational institutions such as Kasetsart University, Sriracha Campus, and Laem Chabang Technology College, as well as Laem Chabang Municipality Park, making it a central hub with comprehensive urban services.

 

Complete Lifestyle Without Leaving the Area

        The growth of Sriracha - Laem Chabang has attracted lifestyle venues to meet the diverse demand and population in the area, leading to the emergence of shopping malls, restaurants, and various lifestyle spots clustered around Laem Chabang Central Road and Sukhumvit Road, including Si Muang Market, Big Food Market Laem Chabang, and Kheha Laem Chabang Market, catering to all levels of shopping needs. The area is also filled with popular street food spots like Gai Kraja, Je Oh Fish Noodle, Ta Khem Duck Noodle, Chivit Dee Restaurant, Laem Chabang Boat Noodle, and Yang Noy, among others. Additionally, being an educational hub, this area is home to many famous cafes, both for coffee lovers and Instagram enthusiasts, such as Mana Home Cafe, Minna’s Cookie, Black and Milk, COCOA Crafter Café, The Hulk, and many more.

         Furthermore, this area has a cluster of shopping centers, hypermarkets, and community malls such as Central Plaza Sriracha, MaxValue Sriracha, Makro Food Service, Harbor Mall Laem Chabang, Tuk Com Sriracha, Portobello, and Tesco Lotus, making it convenient for residents in Sriracha - Laem Chabang to live without needing to leave the area.

 

Diverse Demand Supporting Various Groups

         The perception of demand in the Sriracha - Laem Chabang area is often associated with the workforce from the industrial estate, as Sriracha hosts over 1,622 factories and employs approximately 99,997 workers (Industrial Factory Statistics, Department of Industrial Works, November 2021). This workforce includes skilled labor and expatriates with high purchasing power, particularly the Japanese, with around 8,000 individuals working in factories based in Sriracha.

         However, beyond the industrial estate's quality demand, many may not know that the Sriracha - Laem Chabang area has also become a Little University District, with demand stemming from educational institutions, especially from Kasetsart University, Sriracha Campus, which has over 12,000 students from undergraduate to doctoral levels and around 700 staff members (Student and Staff Registry, Kasetsart University, Sriracha Campus 2021). It is well-known that U District locations have continuous demand and are attractive investment spots for those looking for rental condominium markets.

         Another interesting quality demand group includes medical personnel from various hospitals in the area, such as Laem Chabang Hospital, Samitivej Sriracha Hospital, Phyathai Sriracha Hospital, Somdet Phra Boromrajathewi Hospital in Sriracha, Medical Care Clinic, and Vibhavadi Hospital, with approximately 2,300 medical staff (Geographic Information System for Health Resources, Ministry of Public Health).

         With the diversity of demand and urban growth, the Sriracha - Laem Chabang area continues to see a rise in residential developments, particularly temporary housing such as dormitories, apartments, and condominiums.

 

Condominium Market Situation in Sriracha - Laem Chabang 

         A survey of the condominium market in the Sriracha - Laem Chabang area shows a continuous emergence of new condominiums. Looking back at the price growth over the past 10 years, it can be said that from then until now, condominium prices have nearly doubled, with the current average launch price at 67,000 baht per square meter. Condominiums in this area are typically located near Sukhumvit Road, with prices varying based on the convenience of the location and accessibility to the projects, whether they are adjacent to the main road or require entering a soi. This area features both condominiums developed by local developers and well-known large developers like Origin, which has successfully established numerous projects in this area, including Knightsbridge the Ocean Sriracha, Notting Hill Laem Chabang, Kensington Laem Chabang, and the recently launched Brixton Kaset Sriracha Campus, starting at 65,000 baht per square meter.

 

Investment Opportunities in Sriracha - Laem Chabang Condominiums 

         The diversity of demand in the Sriracha - Laem Chabang area presents opportunities for condominium investment. The rental yield from condominiums in this area can generate an average rental yield of 5.2% - 7.7% per year , which is considered high, comparable to locations in Bangkok. The average rental rates range from 260-420 baht/sq.m/month, depending on the type of unit. For instance, studio units average 7,000-9,000 baht per month, 1-bedroom units average 8,000-21,000 baht per month, 2-bedroom units average 11,000-39,000 baht per month, and 3-bedroom units can range from 50,000-60,000 baht per month. The resale prices of second-hand condominiums in this area range from 53,000-94,000 baht per square meter, yielding an average capital gain of 3.3% - 5.1% per year.

 

Brixton Kaset Sriracha Campus: The Best Residential Solution in the Area Sriracha - Laem Chabang

         Brixton Kaset Sriracha Campus is the latest condominium designed to meet the needs of modern consumers in every aspect, accommodating various lifestyles, including students, workers in the Sriracha industrial estate, those seeking housing in the area, and pet lovers, as the project includes designated areas for pets, making it the first and only project in Sriracha that allows pets in the condominium.

         Brixton Kaset Sriracha Campus spans over 4 rai with 8-story buildings across 3 structures. The design is inspired by the patterns of ocean waves, blended into a modern art geometric style, with a concept appealing to the Gen Y youth who value individuality, smartness, and fun, along with well-designed common areas for active living.

         The project's uniqueness lies in the division of buildings according to the living functions of different customer groups. Building A caters to investors looking to rent to students, featuring a IP Program (Investment Property Program) that allows joint ownership of serviced apartments, guaranteeing a return of 6% per year for the first two years, with projected returns of 5-7% per year from the third to the tenth year. Building B

         is designed for those who wish to live there themselves and do not have pets, with the main common areas located in this building. Building C caters to pet lovers, featuring a pet club where residents can take their pets to play, along with pet care services when owners are away, making it highly appealing to animal lovers.

Brixton Kaset Sriracha Campus is the first pet-friendly condominium in the EEC, perfect for modern living, located next to Kasetsart University, making it ideal for both living and investment opportunities.
End-of-Year Promotion: Receive a gold bar when booking and signing a contract by December 25. Payments start at only 2,900 baht, with an estimated return of 5 - 7% for a continuous period of 10 years* starting at 1.59 million baht.

Interested parties can register at https://bit.ly/33iLMET or inquire further by calling 061 398 3000.