The Kaset - Ratchayothin area is once again heating up, following a peak of activity from 2018 to 2020 due to the extension of the Green Line Skytrain from Mo Chit to Saphaan Mai. This has led to significant growth and expansion in the area, making it not only easily accessible but also a unique location known as University District @Bangkok.

          Given the potential of this location, Origin Property, a real estate brand that understands the needs and lifestyles of the new generation, has established the SO ORIGIN Kaset Interchange project in the heart of the Kaset intersection, making it one of the most noteworthy condominiums in the U District @Bangkok right now.

          Before diving into the intriguing aspects of SO ORIGIN Kaset Interchange, let’s explore the potential of the Kaset - Ratchayothin area, which is set to become the second U District in Bangkok, following the Sam Yan - Rama 4 area, as presented by TerraBKK.

The Growth of the Kaset Area: From the Past to Becoming the U District

         

          The center of growth that attracts demand and new developments in the Kaset area is undoubtedly Kasetsart University, one of Thailand's leading universities. Since its establishment in 1943, the Kaset area has gradually evolved.

          In 1970, the identity of the Kaset area as a U District became clearer with the arrival of Sripatum University, a well-known private university that attracted new demand to the area. In 1976, Vibhavadi Hospital, a leading private hospital, also chose to establish itself in the Kaset area.

          The growth of the Kaset area gained momentum with developments in the Ratchayothin area in 1996, marked by the completion of two major projects: SCB Park Plaza and Chang Building, which became headquarters for several multinational companies. The opening of Major Cineplex Ratchayothin also turned the area into a significant lifestyle hub, making Kaset - Ratchayothin a vibrant lifestyle and employment center.

          In 2007, following the continuous growth of Kaset - Ratchayothin and the expansion of northern Bangkok, a tunnel project under the Kaset intersection was initiated to alleviate traffic issues in the area.

          After several years, the Kaset area regained its vibrancy in 2018 with the opening of the Kaset Overpass to accommodate the extension of the Green Line Skytrain from Mo Chit to Saphaan Mai in 2020. Additionally, the headquarters of RS Public Company Limited opened, connecting to the Red Line Skytrain that began operations in 2021, along with the future Brown Line, which is currently under development. This makes the Kaset area a well-rounded location in terms of transportation, lifestyle, and job opportunities.

Why is the U District Kaset a High-Potential Area with Tenants?

          While being a U District indicates a strong and continuous demand in the area, the Kaset area is not solely reliant on educational institutions for demand. There are also several significant employment hubs nearby, including:

  • Demand from Kasetsart University and Sripatum University, with a combined student population of over 58,500, surpassing Chulalongkorn University, which has around 45,000 students and staff.
  • Demand from Vibhavadi Hospital and Paolo Kaset Hospital, with approximately 1,650 medical personnel.
  • Demand from large employment centers in the area, including the Government Complex Chaeng Watthana with about 70,000 employees, the Provincial Electricity Authority with around 4,100 employees, the Bank for Agriculture and Agricultural Cooperatives (headquarters) with about 3,200 employees, and RS Public Company Limited with approximately 1,400 employees.

          With a total demand from various employment sources exceeding 138,000 people, it is undeniable that the Kaset area is rich in job opportunities and can effectively attract residents and tenants.

 

The Potential of the Area Attracts Both Working Professionals and Students

          Not only does the area have employment potential, but the environment of the Kaset area is also suitable for the lifestyles of working professionals and students, filled with numerous dining, drinking, entertainment, and shopping options. Notable places include the Amornphan Market, a key street food hub for the locals, and community malls like Home Village, which features international restaurants open until 10 PM. There are also many famous eateries in the area that cater to diverse lifestyles from day to late night, such as Kamun, Jae Ouan's Hainanese Chicken Rice, Muang Thong Crab Fried Rice, Siam Steak, Seuan Pa Plearn, Super Hit, and Oiyawa Garden and Restaurant, as well as Shinkansen Sushi and Shabu Lab.

          In addition to the variety of renowned restaurants, residents of Kaset can access various shopping centers and lifestyle malls, including Central Plaza Ladprao, Union Mall, Avenue Ratchayothin, and Major Cineplex Ratchayothin, making Kaset a comprehensive location for living, working, dining, and commuting.

 

Distinct Demand Comes with Investment Opportunities

          For those looking for a condominium for rental investment, the "Kaset area" is an attractive option. As a University District, it draws a significant number of student tenants, along with demand from various employment sources and individuals seeking to move closer to the city. The Kaset area is thus recognized as a high-potential investment zone, with condominiums in this area offering an average rental yield of 4-7% per year and average rental rates of approximately 320-540 THB per square meter. The average rental for a studio is 320-440 THB/sqm/month, for a 1-bedroom unit is 440-540 THB/sqm/month, and for a 2-bedroom unit is 390-480 THB/sqm/month. Additionally, the average capital gain for holding a condominium in the Kaset area can yield an average of 4-6% per year, with the average selling price for second-hand units ranging from 100,000 to 160,000 THB per square meter for projects adjacent to the Skytrain line.

 

The "Kaset Area" Continues to See Growth in Land Valuation

          When discussing the potential of the Kaset area, one of the best indicators of growth is the increase in land valuation. TerraBKK has surveyed land valuations (data from the Treasury Department) along four main roads in the Kaset area as follows:

  • Phahonyothin Road: The current land valuation (2016-2019) is 240,000 THB/sq.w, an increase of 50% from the previous period (2012-2015) when the valuation was 160,000 THB/sq.w.
  • Ngamwongwan Road: The current land valuation (2016-2019) is 200,000 THB/sq.w, an increase of 25% from the previous period (2012-2015) when the valuation was 160,000 THB/sq.w.
  • Prasert Manukit Road: The current land valuation (2016-2019) is 120,000 THB/sq.w, an increase of 20% from the previous period (2012-2015) when the valuation was 100,000 THB/sq.w.
  • Vibhavadi-Rangsit Road: The current land valuation (2016-2019) is 205,000 THB/sq.w, an increase of 11% from the previous period (2012-2015) when the valuation was 185,000 THB/sq.w.

          The data shows that the rate of land price growth in the Kaset area is quite high, especially on Phahonyothin Road, which has seen a significant increase due to its status as a major thoroughfare and the presence of the BTS Skytrain. The introduction of the Skytrain has attracted various development projects in the area, leading to urban expansion and enhancing the potential for further growth.

 

SO ORIGIN SO ME: We Understand You

          The new brand SO ORIGIN is born from understanding consumer behavior (Customer Insight) to create project designs under the concept of “SO ORIGIN SO ME: We Understand You”. This brand aims to target the new urban generation seeking a space that accommodates both personal business and living in the New Normal era, offering a new style of Stylish Residence that includes Small Office & Home functions while reflecting the unique identity of residents through thoughtful design in every square inch, embodying the philosophy of From Me to Your Better Self through three main pillars:

  1. Self-Inspiration: Designing living spaces that fit your lifestyle, suitable for all living and working needs, along with unique common areas that inspire daily life through attention to detail.
  2. Self-Productive: Providing superior space and services that save commuting time with a location that maximizes potential and supports every advancement in life.
  3. Self-Fulfillment: Curating professional services that simplify life.
 

SO ORIGIN Kaset Interchange: A New Dimension of Living that Understands Your Essence

          The SO ORIGIN Kaset Interchange project is a 23-story high-rise condominium located on a 1-3-58.4 rai plot, featuring 300 residential units and 1 retail unit. There are two types of units available: 1 Bedroom and 1 Bedroom Plus, designed to meet the needs of modern residents with 100% Duo Space units and a ceiling height of 4.2 meters throughout the project.

          The common areas are designed to accommodate the Work from Home trend alongside facilities for Smart Business Connection Center, including:

  • Live & Streaming Room for online creators or idea sharing.
  • Co-Working Space and Private Working Room for idea sharing.
  • Sky Lounge & Bar for relaxation and socializing.
  • Common areas catering to health and beauty enthusiasts, such as Dressing & Manicure Room and Private Spa.
  • SKY Facilities, including an Endless Pool with an L-shaped design and Aqua therapy pool offering panoramic views of the Kaset area, perfect for relaxation or finding a quiet spot to enjoy the scenery at the Rooftop Garden.
 

SO ORIGIN Kaset Interchange

The only condominium at the heart of the Kaset intersection, adjacent to Kasetsart University, in the best location.

Connected to two Skytrain lines, just 5 minutes from the Green and Brown lines.

Offering views of the Kasetsart University garden, with a full 180-degree view of the natural surroundings.

Connecting lifestyles to the quality location of the Next North CBD.

Starting price at 4.XX million THB.

Project location:   https://bit.ly/3Cv0s0k
Get exclusive rights first:   https://bit.ly/3FzBGy1
ADD LINE: @so.origin
TEL: 0826935195