The northern part of Bangkok has been particularly vibrant this year, filled with new development projects that have drawn significant interest to condominiums in this area. Not only is it a burgeoning zone with direct access to the city center via a single BTS line, but it also boasts a lively array of new amenities.

Modiz Vault Kaset Sripatum is another condominium that has launched in the Kaset-Sripatum area, notable for its convenient access by both car and public transport, as well as its extensive communal facilities, arguably the most comprehensive in the Kaset-Sripatum zone. Before diving into the project details, let's explore what makes the Kaset-Sripatum area so appealing.

Why the 'Kaset-Sripatum' Condo Area is Worth Watching

Firstly, it’s important to note that the Kaset-Sripatum area will soon see the opening of a new road that is expected to significantly impact the location. This new road, Phaholyothin-Vibhavadi Intersection Road (Bang Bua Canal Road), is a four-lane route connecting the main roads of Phaholyothin and Vibhavadi Rangsit. Previously, the only roads linking these two major routes in this area were Ngamwongwan and Ram Inthra. The addition of this new road is akin to adding another main thoroughfare to the area, greatly enhancing the convenience of traveling by car. Furthermore, it allows access to the Don Mueang Tollway (Bang Khen inbound) in just five minutes, making it easy to connect to Sirat Expressway and Chaloem Maha Nakhon Expressway. Thus, commuting into the city from this location is hardly a concern.

In addition to the convenience of commuting, staff and students from Kasetsart University will find it even easier to reach the campus via the new road through Soi Suwannawajkasikij and Soi Phaholyothin 45.

Another factor is that the Kaset-Sripatum area is accessible by four BTS lines, including the main line that goes directly to Siam: BTS Green Line Mo Chit-Sapan Mai-Khukhot, MRT Pink Line Khae Rai-Min Buri, SRT Red Line Bang Sue-Rangsit, and the upcoming MRT Brown Line Khae Rai-Lamsali, which is set to be auctioned in 2025 and expected to be completed by 2029. This makes Kaset-Sripatum a location with comprehensive access to both Main Line and Feeder Line services, with multiple lines to choose from.

Kaset-Sripatum: A Major Hub in the Campus District

Kaset-Sripatum has a strong Campus District identity, which is a significant advantage. As we know, university locations clearly demonstrate ongoing demand, especially for leading institutions, which further stabilizes demand. This area is home to two major universities: Kasetsart University and Sripatum University.

However, it’s not just students who drive demand in this area; there is also demand from various workplaces in the Lat Phrao-Ratchayothin zone, the Kasetsart area, and the Chaeng Watthana zone, all of which are easily accessible from the project site. By car, it takes about 10-25 minutes, or approximately 20-30 minutes by BTS (estimated based on Google traffic). Considering the demand from office buildings using a space of 1 person per 10 square meters and an occupancy rate of 60%, the total demand in the area amounts to around 134,900 people, including:

  • Lat Phrao-Ratchayothin Zone: Rasa Tower, Shinawatra Tower, Chang Building, Phahol 19 Building, and SCB Park Plaza, with a total demand of approximately 28,080 people.
  • Kasetsart Zone: Paolo Kasetsart Hospital, Vibhavadi Hospital, Bank for Agriculture and Agricultural Cooperatives (Head Office), RS Public Company Limited, Demonstration School of Kasetsart University, Kasetsart University, and Sripatum University, with a total demand of approximately 77,270 people.
  • Chaeng Watthana Zone: Chulabhorn Hospital, Na Nakorn Building, Krirk University, and Chaeng Watthana Government Center, with a total demand of approximately 29,620 people.

Ripples from the Development Wave

Since the introduction of the BTS Green Line Mo Chit-Sapan Mai-Khukhot, the northern part of Bangkok has been continuously bustling, with rising land and condominium prices, as well as various projects beginning to emerge. Although these may not be located in the Kaset-Sripatum area, they undoubtedly represent the future of the surrounding locations that will impact this zone.

  • Vibhavadi-Lat Phrao Intersection Zone: Including Bangkok Apivadh Station (Bang Sue Central Station) and the 2,325 rai land development project by the State Railway of Thailand, Mochit Complex, a mixed-use project covering 75,000 square meters, Bangkok Terminal, a mixed-use project and bus terminal covering approximately 63 rai, and S-Oasis, an office building of 53,000 square meters.
  • Lat Phrao Intersection Zone: Including Central Phaholyothin (unofficial name), a new mixed-use project on 48 rai by the Central Group, and Jod Fair, a large market relocated from Rama 9 covering 33 rai.
  • Ratchayothin Zone: Including Ratchayothin Hills, a mixed-use project covering 49,000 square meters, and Green Vintage Market on over 23 rai.

Overview of the Condominium Market in Northern Bangkok

The overall condominium market in northern Bangkok continues to see a steady supply of new projects, each with its unique character:

  • Lat Phrao Intersection: This zone is the most complete in terms of location, being closest to the city. It serves as an interchange for two major BTS lines and is surrounded by workplaces and important shopping centers like Central Lat Phrao. The average selling price of condominiums here is the highest at 160,000 baht per square meter, with properties closely following the BTS line, no more than 600 meters from Lat Phrao Station, making it ideal for those with purchasing power seeking convenience and proximity to Central and both BTS and MRT.
  • Ratchayothin: This zone has expanded from Lat Phrao Intersection, offering a complete location with workplaces, lifestyle venues, educational institutions, and hospitals. More condominiums are being developed here, ranging from Economy Class to Upper Class, with an average selling price of 130,000 baht per square meter. This zone is suitable for residents working in the area or commuting to the city via the BTS.
  • Kaset-Sripatum: This area is highly vibrant due to its Campus District identity and community atmosphere, filled with shops, restaurants, dormitories, and apartments. Condominiums in this area continue to grow, both along the BTS line and within side streets, with an average selling price of 110,000 baht per square meter. The clear demand from students, educational staff, and local workers makes this zone appealing for both self-occupiers and investors looking to rent.
  • Bang Bua: A large residential community that is becoming increasingly diverse, new condominium projects here tend to focus on more affordable price points and are clustered near the Saphan Mai Station. The current average selling price is around 100,000 baht per square meter, making it accessible for first-jobbers seeking their own residence or those moving closer to the city.

Update on Presale Prices in the Kaset-Sripatum Area

Currently, there are about seven presale condominium projects available in the Kaset-Sripatum area and nearby, mostly low-rise developments with average prices starting from 83,000 to nearly 120,000 baht per square meter. Even though this area is slightly further from the city, the prices are comparable to those in closer areas like Ratchayothin, indicating a rising trend in new project prices per square meter, reflecting the potential for capital gains in this market.

Recently, the Kaset-Sripatum area has seen the launch of a new condominium, Modiz Vault Kaset Sripatum, a high-rise project by AssetWise starting at 1.99 million baht or 83,000 baht per square meter (with an average project price of 105,000 baht per square meter). The project’s highlight is its incredibly convenient location, adjacent to Kasetsart University and close to Sripatum University, allowing students to easily walk to campus. It is also just a two-minute walk to the BTS Bang Bua Station, providing a comfortable ride to the city center in just 27 minutes. For those driving, the new Phaholyothin-Vibhavadi road makes access to both Vibhavadi and Phaholyothin routes easy.

This year, the Kaset-Sripatum area will see the launch of three new condominiums, reflecting developers' recognition of the area's potential.

Campus District: High Rental Yields with Average Returns of 6% Per Year

The Campus District identity of Kaset-Sripatum, with its primary demand from students and various workplaces nearby, makes it a promising investment location.

Condos in this area can generate rental yields ranging from 4.5% to 6.5% per year, averaging around 6% per year. Studio units (22-24 square meters) rent for 10,000-12,000 baht per month, 1-bedroom units (25-32 square meters) for approximately 12,000-14,000 baht per month, 1-bedroom plus units (31-35 square meters) for 15,000-17,000 baht per month, and 2-bedroom units (40-50 square meters) for 18,000-20,000 baht per month.

Regarding the returns from holding condominiums in the Kaset-Sripatum area, they can achieve an average capital gain of 4%-6% per year, with the average resale price of second-hand units ranging from 90,000 to 120,000 baht per square meter.

Modiz Vault Kaset Sripatum: Aesthetic Curves

Modiz Vault Kaset Sripatum features two buildings with a total of 798 units, comprising 787 residential units and 11 retail shops. The high-rise building stands 21 stories tall, while the low-rise building, which is pet-friendly, is seven stories high. Developed by AssetWise, known for its expertise in university locations, the Modiz brand is recognized as a leader in university-area condominiums, catering to urban lifestyles with modern designs and facilities that enhance living convenience, all while being close to public transport systems like BTS or MRT within walking distance, ensuring positive reception wherever they establish.

The project is named 'Vault', symbolizing a blend of Curve & Symmetry: Softness and Balance, which refers to the curved shapes and symmetry that reflect the project’s concept of 'Balance of Life You Choose | Compose Your Own Life', showcased through the design emphasizing curved forms.

Why choose curved shapes? Did you know that curved shapes evoke a greater sense of happiness than angular ones? This is why many world-class architectures throughout history have opted for curves to convey joy, such as the interiors of Notre Dame Cathedral and Sainte Chapelle, which use curves to symbolize tranquility or heaven. Similarly, Disneyland California, the first Disneyland in the world, employs curves in its architecture, interiors, and surrounding landscapes to present a utopia that makes visitors feel different the moment they step in, embodying an aesthetic design principle that allows people to experience happiness.

Extensive Amenities in the Kaset-Sripatum Area

Modiz Vault Kaset Sripatum by AssetWise is known for its well-designed communal areas that truly meet the needs of the new generation. The extensive communal facilities provided here are the most comprehensive in the Kaset-Sripatum area, catering to every aspect of life—Live, Work, Learn, Relax, and Shop—with diverse functions spread across multiple floors:

Ground Floor: Backyard Living Space / Courtyard Garden / Pet Park / EV Charger / The Vault Lobby A / The Vault Lobby B [Pet Friendly]

3rd Floor: Tutor Room / Co-Living Space / Vault Pod

4th Floor: Sunrise Pool / Sunset Pool / Sunrise Floating Pavilion / Outdoor Shower / Pool Deck / Recreation Space / 24-hour Co-Working Space / Wash & Clean / Pocket Seat / Meeting Room / Sunrise Jacuzzi / Shallow Pool Bed / Sunset Amphitheater / Sunset Sunken Deck / Chilling Bar / Sunset Lounge / Sharing Space / Boxing Zone / Pilates Machine / Fit Club / Fit Studio / VR Game / Theater / Private Pod / Brainstorm Station / Salon & Beauty Lounge / Aroma Massage Room / Relax Massage / Oxygen Room / Retreat Area

5th Floor: Seat Area / Pet Wash Station / Pet Waste Station / Pet Play Yard / Pet Playhouse

21st Floor: Sunrise Lounge / Sunrise Pocket Space / Sunrise Sky Pool Deck / Relaxing Panoramic Lap Pool / Sunset Sky Shallow Pool / Sunset Relaxing Deck / Sky BBQ The Cloud Lounge / Panoramic Mingle Room / Creative Studio / Live Studio / Sky Seat / Moonlight Lounge / Heaven Balcony / The Social Club / Co-Dining / Sauna / Private Jacuzzi

Additionally, there are dedicated areas for pet lovers, including a Cat Area, Dog Area, and Pet Park.

The project also features a Shopping Street with 11 retail shops, providing convenience for residents who can live their lives fully in one place. Furthermore, it includes an EV Charging Station and a Shuttle Service to transport residents to Kasetsart University and the BTS station, enhancing convenience for residents.

Modiz Vault Kaset Sripatum offers fully furnished units ready for immediate occupancy. A unique feature of the project is the Vertical Suite Series, a rare offering with only 15 units available, allowing residents to live in an extraordinary space with high ceilings.

This new condominium in the heart of the University District in the promising Kaset-Sripatum area meets all living needs, allowing everyone to live freely with a balance of their choosing, starting at 1.99 million baht. Register now for exclusive rights and be among the first to view the sample room on June 11 at https://bit.ly/3mGu346.