Following the extension of the Green Line Skytrain from Mo Chit to Saphan Mai and Kukot, the northern Bangkok area has become vibrant with numerous new projects. This has also led to an increase in land and condominium prices by up to 16.6% (according to the Real Estate Information Center, REIC).

Amidst rising condominium prices, there is one project that launched at a price of 2.19 million baht, or approximately 89,000 baht per square meter, which is lower than the average price for condos in the area. This project is located in the hot spot of Ratchayothin, and it is none other than Aspire Ratchayothin.

This article will explore why the Ratchayothin area is so attractive that any project launched there garners interest, and why Aspire Ratchayothin is a worthwhile investment in this location.

Exploring Ratchayothin: Hub of North Bangkok

If Lat Phrao Intersection is the center of North Bangkok, Ratchayothin plays a similar role as the hub of the area. It is intersected by major roads such as Ratchadapisek Road and Phahonyothin Road, and connects to Vibhavadi Rangsit Road and the Don Mueang Tollway, making travel in the area convenient. The potential for urban expansion and growth has been high since the past, evident from the development of large projects that have become landmarks in Ratchayothin since 1997, such as SCB Park Plaza, Elephant Building, and Major Cineplex Ratchayothin. Additionally, it is not far from leading universities like Kasetsart University, attracting a lively campus district. This area is filled with various amenities, making Ratchayothin a well-rounded location for transportation, job opportunities, educational institutions, and entertainment for the past 10-20 years.

With the arrival of the Green Line Skytrain, a key line that connects to the city center in one go, Ratchayothin has become an increasingly popular residential area, not just for those working nearby but also for those commuting to the city center via the skytrain. This is evidenced by the 4.09 million passengers using the Green Line in 2021 in Ratchayothin, with 1.85 million from Ratchayothin Station and 2.24 million from Senanikom Station, reflecting the area's popularity for living and lifestyle.

City Planning Enhances Future Potential

The land use from the Bangkok master plan, which is awaiting announcement, is another factor that will elevate the area's potential to truly become the Hub of North Bangkok. The Ratchayothin intersection currently has land designated for medium-density residential use (orange zones Y.5 and Y.7). However, if the revised master plan is implemented, land within a 500-meter radius from Ratchadapisek and Phahonyothin roads will be upgraded to high-density residential use (brown zone Y.13), which will undoubtedly attract more interesting new developments in the future.

Targeting Condo Buyers in Ratchayothin: A Quality Job Demand Area

The convenient transportation in Ratchayothin attracts many large job sources, making it another business zone in northern Bangkok. There are various job sources from office buildings, government institutions, hospitals, and educational institutions, all of which are significant sources of quality demand, estimated to total no less than 150,000 people.

  • Job sources from office buildings include important landmarks like Elephant Building and SCB Park, which together have over 532,000 square meters of office space. There are also several office buildings for rent along Vibhavadi Rangsit and Phahonyothin roads, totaling 660,000 square meters, such as Chinawat Tower, Rasa Tower, Winview Tower, and RS Public Company Limited, with an estimated total of over 39,700 employees.
  • Job sources from government institutions include a mix of large and small government agencies throughout the area, including the headquarters of several state enterprises such as the Ministry of Energy, Bank for Agriculture and Agricultural Cooperatives, Royal Thai Police, Provincial Electricity Authority, and Chaeng Watthana Government Complex, with an estimated workforce of no less than 50,000 people.
  • Job sources from hospitals include two private hospitals in Ratchayothin: Vibhavadi Hospital and Paolo Kaset Hospital, employing around 1,650 medical personnel.
  • Job sources from educational institutions include several schools at both secondary and higher education levels, such as Horwang School, Sarawit School, Kasetsart University Demonstration School, Kasetsart University, and Sripatum University, with an estimated total of no less than 58,500 staff and students.

Living Life 24/7: Eating, Living, Traveling, Working, and Hanging Out

The combination of job sources and educational institutions in Ratchayothin means that the amenities in the area are comprehensive, catering to the lifestyles of all types of people. The area is filled with dining, drinking, entertainment, and many popular spots, allowing residents to live life fully 24/7. There are community malls like The Box Ratchayothin and Home Village, and access to several lifestyle malls such as The Avenue Ratchayothin, Major Cineplex Ratchayothin, Central Ladprao, and Union Mall.

The future expansion of Ratchayothin looks promising with mixed-use projects set to enter the area, including Ratchayothin Hill, which will feature office and hotel buildings, as well as the BTSxCPN project on a large plot of land adjacent to Vibhavadi Rangsit and Phahonyothin roads, which will likely be another factor pushing Ratchayothin towards a more comprehensive location.

Affordable Condos: The Best Value in Ratchayothin

Currently, there are 8 projects for sale in the Ratchayothin area. High-rise condos have an average price of 130,000 baht per square meter, which is quite high due to their proximity to the skytrain station, just a few steps away. Meanwhile, projects located further from the BTS (approximately 250 meters to 1.2 kilometers) are low-rise condos with an average price of 89,000 baht per square meter.

If you are looking for a condo in this area, Aspire Ratchayothin is a very interesting option. With an accessible starting price of just 2.19 million baht, or about 89,000 baht per square meter, it is priced lower than the average in the area. Additionally, the project is only 350 meters from the skytrain station, making it a comfortable walking distance. When comparing the value of the price and the convenience of walking to the skytrain, Aspire Ratchayothin is undoubtedly the best value project in Ratchayothin at this time.

Great for Living or Investment: Average Returns of 4.9% Per Year

With the comprehensive amenities and affordable prices, condos in Ratchayothin are suitable for both residents and investors. For those looking to buy for personal use, the accessible price starting from just over 2 million baht allows for comfortable financing without being a heavy burden. Alternatively, for investment purposes, it meets the demand from office workers in the area and nearby, students from Kasetsart University, and first-jobbers seeking convenient city access, as well as those moving closer to the city.

In terms of returns, it can generate Rental Yields of approximately 3.5% - 6.4% per year. Rental rates vary by room type: Studios rent for 8,000 - 12,000 baht per month, 1 Bedrooms for about 9,500-14,000 baht per month, and 2 Bedrooms for 14,000-20,000 baht per month, with average rental prices ranging from 360-550 baht per square meter per month.

Diverse Room Plans to Suit Every Lifestyle

Aspire Ratchayothin is designed with the concept of “MINIMUM SPACE AT MAXIMUM USE”, focusing on maximizing the utility of space, resulting in a modular design that is flexible and adaptable for various decoration styles. There are several room types available, including Studio, 1 Bedroom, and 1 Bed Plus, ranging from 25-35 square meters. The project will be sold as Fully Fitted with standard materials, including laminated flooring, smooth plastered walls, built-in kitchens, hobs & hoods, sanitary ware, and air conditioning. There are two sample rooms available for viewing, both 28 square meters, showcasing the most proportionate room layouts, each with unique features.

1 Bedroom (Type B2M) 28 sq.m. features a relatively spacious layout that clearly divides the functions within the room. Upon entering, you will find an open kitchen area with space for a refrigerator and a dining table for two. Moving further in, there is a wide Living Area of 4 meters that can be adapted according to lifestyle, accommodating a 2-3 seat sofa, a coffee table, and a long TV shelf, or a smaller sofa with a single work desk. This room features an open kitchen that connects to the Living Area, but if a closed kitchen is preferred, it can be partitioned off.

Next is the bedroom, separated by a 3-slide glass door, allowing light to enter and making the room feel airy. The bedroom space is well-utilized, comfortably accommodating a 5-6 foot bed.

1 Bedroom (Type B4) 28 sq.m. also features a deep layout that clearly divides the functions within the room. Upon entering, the first area is the Living Area, accommodating a 2-3 seat sofa, connected to a dining area for two, with space for a work corner between the bathroom and kitchen. The kitchen is a closed type adjacent to the balcony, providing good ventilation without worrying about cooking odors.

The bedroom is separated by a 3-slide glass door, and the room is spacious enough to fit a 5-6 foot bed comfortably, with enough space beside the bed for a standard wardrobe.


Common Areas Cater to Both Active & Passive Lifestyles

The common areas of Aspire Ratchayothin are designed to meet the needs of the new generation, first-jobbers, and working adults. The creation of common areas in the condo aims to provide relaxation for residents, with versatile functions that can serve as both social and private spaces, divided into six main zones:

1. The Aspire Common is a co-working space that accommodates various activities, from working to socializing with friends. The interior is decorated with dynamic lines that convey a sense of creativity and energy, with flexible furniture arrangements that can easily adapt to any activity.

2. The Co-Op Society is a room for private work or online meetings, providing a more private zone that can be booked for specific dates and times.

3. The Gym is a large fitness room equipped with comprehensive equipment, clearly divided into weight training and cardio zones, open 24 hours a day, catering to those who finish work or school late and want to exercise at night.

4. The Aqua is a 35-meter saltwater swimming pool designed as a highlight of the project, with a relaxation area by the pool that creates a resort-like atmosphere. The design also considers privacy by separating the common area from the parking space below the building, allowing residents to use the pool privately.

5. The Jacuzzi & Pool Lounge allows you to recharge and relax fully.

6. The Cloud is a rooftop garden area where you can relax and enjoy views of the skytrain and the common areas.

Live freely in a condo designed with residents in mind. Aspire Ratchayothin offers affordable prices, making it the best value in Ratchayothin right now, starting at 2.19 million baht, located in Phahonyothin Soi 35, just 350 meters from Ratchayothin BTS. Register for inquiries and receive special privileges at https://apth.ly/kw2r.