The Kaset area has been highlighted multiple times by TerraBKK, making us familiar with this location as if it were a friend. After observing this friend from a distance for several years, we discovered that another interesting neighborhood in the Kaset area is Phaholyothin 34, which has become one of the most vibrant and dynamic areas in Kaset.

Exploring the Growth of Phaholyothin 34: The Most Vibrant Area in Kaset

If we look back about 10 years, Phaholyothin 34 had very few condominiums, mostly located along Prasert Manukit Road and not within the alley. There were only two projects: The Key and UCondo. However, with the news of the extension of the Green Line BTS from Mo Chit to Saphan Mai and Kukut, numerous condominiums began to emerge in the alley, totaling over 4,100 units, many of which sold out quickly. This reflects the popularity of living in Phaholyothin 34, which has become a high-rise residential community.

Why Phaholyothin 34 is the Top Choice for Living in Kaset

The reasons that make Phaholyothin 34 a popular and vibrant area include its convenient transportation, connecting to multiple roads, including Prasert Manukit Road, Phaholyothin Road, and Sena Nikhom Road, providing various options for entering and exiting. Additionally, it is close to the BTS Green Line, with the Sena Nikhom station just a 15 baht motorcycle taxi ride away, allowing easy access to the city center in one go. This convenience makes it ideal for students and young professionals, allowing them to live comfortably and affordably.

Being near a university has led to a continuous influx of lifestyle venues in Phaholyothin 34. Five to seven years ago, there were only general shops and restaurants, but now the alley is bustling with cafes and diverse dining options, including Korean, Japanese, BBQ, and Thai cuisine, as well as several hangout spots for night owls. One can truly live fully within this neighborhood without needing to go elsewhere.

Moreover, it is close to several lifestyle shopping malls, such as Central Ladprao, Union Mall, Major Cineplex Ratchayothin, and I Avenue Ratchayothin, all easily accessible by BTS. Whether for dining, shopping, or leisure, travel is convenient.

Diverse Potential Demand

It should be noted that the demand in the Kaset area comes not only from the university but also from working professionals in the area and nearby neighborhoods, including first-jobbers looking for convenient city access. The demand in the Kaset area can be categorized into three main groups:

  • Group 1: Kasetsart University and Sripatum University, with a total of approximately 58,500 students.
  • Group 2: Paolo Kaset Hospital and Vibhavadi Hospital, with around 1,650 medical staff.
  • Group 3: Large employment centers in the area and nearby, such as the Government Complex Chaeng Watthana, Bank for Agriculture and Agricultural Cooperatives, RS Public Company Limited, Siam Commercial Bank, and the Provincial Electricity Authority, totaling approximately 78,500 personnel.

With the diversity of demand groups, it is no surprise that the Kaset area is currently vibrant, rich, and convenient in terms of lifestyle and transportation. It is a blend of a university district and residential area for young professionals, as evidenced by the continuous emergence of new condominium projects.

Exploring Rental Prices in the Kaset-Phaholyothin 34 Area

When exploring the dormitory/apartment market in the Kaset area, we find that monthly rental prices are quite similar, with average room sizes ranging from 20-35 square meters. The highest rental prices are in the Kasetsart University zone (near the Ngamwongwan entrance), as it is closest to the university and offers the easiest access. Rentals here range from 5,000 to 7,500 baht per month. Next is the Phaholyothin 34 alley, which may be a bit farther but still allows for walking or motorcycle taxi access to the university. The advantage of Phaholyothin 34 is that it is well-equipped with lifestyle venues, shops, and restaurants, and offers the most convenient access to the BTS. The average rental price for dormitories/apartments in this alley is between 4,500 and 7,500 baht per month, which is not much different from the Ngamwongwan area. Finally, the Kasetsart University area near Phaholyothin has rental prices ranging from 4,000 to 6,000 baht per month, which is a bit farther and may require a motorcycle taxi to the university. This area does not have many lifestyle venues but does have enough restaurants to cater to students.

Overall, the dormitory/apartment market in this area has relatively low rental prices, and most projects do not offer extensive amenities, which may not meet the needs of students. ‘Condominiums’ thus become another living option. Renting or buying a condominium will certainly incur higher costs, but when compared to the amenities and better security systems, choosing to live in a condominium is quite worthwhile.

A Great Investment Opportunity in the Kaset-Phaholyothin 34 Area with an Average Return of 5.5% per Year

For those looking for a location to live or invest, "the Kaset-Phaholyothin 34 condominium" is very interesting and meets the needs well. In terms of living, this location offers comprehensive amenities, with many lifestyle venues, convenient transportation connecting to multiple roads, and proximity to the BTS Green Line, allowing direct access to the city center without needing to transfer. It truly allows for a complete living experience in one place. In terms of investment, the Kaset-Phaholyothin 34 condominium is a location with investment potential, as its proximity to universities and the completeness of the area attract significant demand. Additionally, the rental yield from condominiums in this area is quite good, yielding approximately 4.5%-6.5% per year, averaging around 5.5% per year. Rental prices vary by room type, with studio units (24-32 sq.m.) renting for 7,500-11,000 baht per month, one-bedroom units (27-35 sq.m.) renting for 8,000-14,000 baht, and two-bedroom units (35-50 sq.m.) renting for approximately 10,000-20,000 baht per month. For those looking to sell their condominiums in the future, properties in this area generate an average capital gain of 4-6% per year.

Another interesting aspect of condominiums in this area, especially in Phaholyothin 34, is the rental yield of up to 5.2%-6.5% per year. Such high returns are due to the relatively low condominium prices in this alley, with rental prices around 2 million baht. Currently, Phaholyothin 34 has only sold-out condominiums, with no new projects launched in about 3-4 years. However, a new condominium project, KAVE Seed Kaset, is set to launch soon from AssetWise, starting at approximately 1.89 million baht, a price point accessible to both parents of students looking to provide housing for their children, as well as first-jobbers seeking a condominium near the BTS. This price range allows for manageable monthly payments.

With relatively low condominium prices and favorable investment returns in this area, whether for personal residence or investment, it is indeed a worthwhile choice.

KAVE: A Brand That Understands the Young Generation Like No Other

As is well known, KAVE is a brand that truly understands and meets the needs of the new generation. This is evidenced by its success in various locations, receiving positive responses from both real demand customers and investors, and being able to close sales within a few months.

KAVE is a condominium that focuses on locations near educational institutions (Campus Condo). This strategic location allows students to travel to their classes conveniently and is also close to community hubs filled with shops, restaurants, and hangout spots, truly catering to every aspect of the new generation's lifestyle.

It features large, modern common areas that are diverse and trendsetting, supporting the interests and activities of the new generation, fostering endless creativity. Examples include Fun Space, Music Studio, Co-kitchen, Meeting Chamber, Learning Hub, Fit Studio, KAVE Theater, Board Game Arena, Console & VR Room, and many more technologies that cater to the lifestyle of the new generation.

Additionally, it boasts a distinctive, modern design that is unique, blending fun and flexibility to easily adapt to different functions, meeting the diverse preferences and needs of the youthful spirit, as the developers believe that different ideas can change the world.

KAVE Seed Kaset: The First Urban Campus Condo by AssetWise

KAVE Seed Kaset is the first urban campus condo by AssetWise in the Kaset area, with a concept aimed at making the condo a starting point for growth, a space for self-expression, and a place of fun, creativity, and inspiration (Energetic & Enjoyable) leading to success (Drive to Success). “Because KAVE believes that everyone can grow in their own way, and this place will be the starting point for your beautiful growth.”

Grow Your Verse: KAVE Seed Kaset, a new condo near Kasetsart University, nurturing growth... in your own way. Coming soon, starting at 1.89 million baht.* Register for special privileges and inquire for more details at https://bit.ly/3H88boi Line: @kaveseedkaset For more information, call 02-168-0000.