It has been a while since <\/span>TerraBKK<\/strong><\/span> discussed the Ratchada-Rama 9 area, and now is the perfect time to revisit <\/span>Ratchada-Rama 9<\/strong><\/span> with a fresh perspective. This includes changes in the area beyond the storytelling of being a New CBD, as well as land prices and new projects, which have interesting developments and viewpoints.<\/p>

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NEW CBD, NEW COMMUNITY<\/strong><\/span><\/h2>

The nickname <\/span>Ratchada-Rama 9<\/strong><\/span> as the New CBD is not just a playful title; it reflects the area’s emergence as a hub for many new office buildings, especially after the 1997-2007 period following the Tom Yum Goong crisis and the introduction of the Blue Line subway. The Ratchada-Rama 9 area has seen new offices surpassing the original CBD, featuring Grade A-B office buildings. With the growth of job opportunities, the area now offers over 830,000 square meters of office space for rent, with average rental prices ranging from 600 to 1,000 baht per square meter per month.<\/p>

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Being a New CBD has also attracted businesses and young people to the area. The business landscape in Ratchada-Rama 9 is diverse, covering sectors such as Food & Beverage, Financial, Insurance, Logistics, Consumer Goods, Creative & Agency, and Tech Companies, including leading Thai and multinational firms like Garena, Shopee, and Unilever.<\/p>

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Within a 3 km radius from the Phetchaburi intersection to the Thiam Ruam Mit intersection, there are shopping centers covering over 582,600 square meters. This figure reflects the vibrant lifestyle in the Ratchada-Rama 9 area, which boasts comprehensive shopping centers with distinct features. For instance, for IT services, one thinks of Fortune Town; for a 24-hour shopping experience, The Street comes to mind; and for dining and shopping, Esplanade or Central Grand Rama 9 are popular choices.<\/p>

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HIGH TRAFFIC, HIGH DEMAND<\/strong><\/span><\/h2>

Not only does the total service area for jobs and lifestyle amount to <\/span>1.39 million square meters<\/strong><\/span> confirm the vibrancy of the Ratchada-Rama 9 area, but also the MRT Blue Line passenger statistics (2021) show that the Rama 9 station had 6.85 million passengers annually, averaging 18,782 daily, making it the second busiest station after Sukhumvit. Additionally, the traffic volume in the area is approximately 220,000 vehicles per day, clearly reflecting the daily traffic in Ratchada-Rama 9.<\/p>

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As for the demand from foreigners, it is well-known that the Ratchada-Rama 9 zone has become a Little Chinatown or the second Yaowarat for the new generation, being home to the <\/span>Chinese Embassy<\/strong><\/span> and <\/span>Korean Embassy<\/strong><\/span>, along with several multinational companies, attracting significant Chinese and Korean demand reflected in the shops, restaurants, and services scattered throughout the area.<\/p>

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THE NEXT BIG THING, THE NEW LIVING<\/strong><\/span> <\/span><\/h2>

Ratchada-Rama 9 is not stopping its growth, as many mega-projects are set to enhance the area further. This is why Ratchada-Rama 9 has emerged as a prime location of the era, with land prices rising from approximately 1.1 million baht per square wah in 2021 to nearly 2 million baht per square wah in 2023. In the future, this area is expected to become one of the densest mixed-use centers in Bangkok. Upcoming projects include:<\/p>

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  • AIA Ratchada 2 - <\/strong><\/span>A 31-story mixed-use building with a total area of 110,000 square meters, including 44,000 square meters of office space and 5,000 square meters of retail space, expected to accommodate approximately 6,500-10,000 office workers.<\/li>
  • Property Perfect Mixed-use + JODD Fair <\/strong><\/span>- A 93,000 square meter mixed-use building, comprising 25,000 square meters of retail space, 20,000 square meters of office space, and 33,000 square meters of parking, with capacity for an additional 798 retail shops outside the building.<\/li>
  • New Cultural Center -<\/strong><\/span> A cultural exchange center covering 35 rai, designed to showcase art and culture on a global scale.<\/li>
  • Orange Line Subway - <\/strong><\/span>Connecting the Cultural Center to Min Buri, the first phase of linking western and eastern Bangkok, expected to open in 2025.<\/li>
  • MCOT Land - <\/strong><\/span>A prime land plot on one side adjacent to Thiam Ruam Mit Road and on the other side adjacent to Cultural Road, covering 50 rai, which MCOT will auction for private development, valued at over 10 billion baht.<\/li>
  • Makkasan Land -<\/strong><\/span> A project under study for development by the CP Group, covering over 140 rai, expected to become the largest mixed-use project in Bangkok, valued at over 140 billion baht.<\/li>
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Overview of the Condominium Market in Ratchada-Rama 9<\/strong><\/span> <\/span><\/h2>

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Terra Research<\/strong><\/span> has surveyed the condominium market in Ratchada-Rama 9 over the past 10 years and found a consistent supply entering the area each year, averaging 3-4 new projects launched annually. In 2018, the highest number of launches reached 10 projects, coinciding with data from Juwai in 2019, which indicated that Thailand was the top country where Chinese buyers wanted to purchase real estate. This period saw significant foreign purchasing power impacting the real estate market in Thailand, with Ratchada-Rama 9 emerging as the most prominent area, eventually becoming the New Chinatown.<\/p>

In the past 10 years, there has been a total supply of over 22,000 units, and when looking at the price distribution, over 55% of condominiums in this area fall into the Upper Class category, priced between 100,000 - 150,000 baht per square meter, followed by the Main Class at 28%, priced between 70,000 - 100,000 baht per square meter.<\/p>

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Growth of Condominium Prices<\/strong><\/span><\/h2>

Currently, there are about 12 projects still available for sale in the Ratchada-Rama 9 area, clustered around the Rama 9 intersection, with selling prices ranging from 120,000 - 230,000 baht per square meter, and scattered throughout Ratchada, both along the main road and in side streets, with prices ranging from 75,000 - 142,500 baht per square meter.<\/p>

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In 2023, approximately 2 new projects are expected to launch, with an average starting price of around 115,000 baht per square meter. One of the new projects is <\/span>COBE Ratchada-Rama 9<\/strong><\/span> a new lifestyle condominium brand from <\/span>SC ASSET<\/strong><\/span>, developed to reach the mass market, aiming to expand its customer base to the young generation with more accessible pricing, starting at just 2.49 million baht, with average prices per square meter starting at 100,000 - 150,000 baht.<\/p>

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Ratchada-Rama 9 with an Average Return of 4% - 5% Per Year<\/strong><\/span> <\/span><\/h2>

Regarding rental returns for condominiums in Ratchada-Rama 9, the <\/span>Rental Yield is approximately 4.5% - 5.4% per year<\/strong><\/span>, depending on the project's location, condition, and room size. For studio units sized 22 - 28 square meters, rental rates range from 11,000 - 17,000 baht per month; for 1-bedroom units sized 30 - 40 square meters, rental prices are around 13,000 - 22,000 baht per month; for 2-bedroom units sized 40 - 80 square meters, rents are between 22,000 - 40,000 baht per month; and for 3-bedroom units sized 90 - 140 square meters, rents range from 45,000 - 80,000 baht per month. Condominiums in this area have seen a price increase of <\/span>Capital Gain of approximately 4% - 5% per year<\/strong><\/span>, with resale prices ranging from 70,000 - 225,000 baht per square meter.<\/p>

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COBE Ratchada-Rama 9: A New Trend, Best Value for Money Condominium from SC ASSET<\/strong><\/span><\/h2>

COBE Ratchada-Rama 9<\/strong><\/span> is an affordable lifestyle condominium brand from SC ASSET. The term “COBE” stands for <\/span>CO<\/strong><\/span>-<\/span>BE<\/strong><\/span>ING COMMUNITY, designed to understand the lifestyle of the new generation, providing a space where everyone can live their own way, accompanied by a good community for like-minded individuals to create positive experiences together.<\/p>

“COBE” is developed under three main pillars that reflect a new living community that meets all lifestyles, allowing individuals to be themselves as they desire.<\/p>

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  1. Design for Living<\/strong><\/span>: The project design starts from the needs of the new generation, emphasizing functional living spaces with unique and distinctive designs. Room types cater to various lifestyles, including Studio 23-28 sq.m., 1 Bedroom 30-34 sq.m., 1 Bedroom Plus 35-40 sq.m., 2 Bedroom 50-72 sq.m., and 3 Bedroom 106 sq.m. All units are fully furnished with adaptable furniture to maximize space efficiency.<\/li>
  2. Community for all<\/strong><\/span>: Aiming to create a good society where residents can interact, with communal areas that allow individuals to express themselves and create positive experiences with others. The Ruejai application can be used to book communal spaces and pay for utilities. Additionally, partnerships with KBANK for financial planning and Relationflip for mental health consulting enhance the community's offerings.
  3. Sustainability for future<\/strong><\/span>: With the belief that sustainability is the new standard for housing, facilities and spaces are prepared to contribute to a better world, such as Recycle Stations for waste separation, Zero Waste programs, solar cell installations on buildings to reduce energy consumption for common areas, and EV Shuttle Service from Muvmi.

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COBE Ratchada-Rama 9<\/strong><\/span> is designed based on the character of the Ratchada-Rama 9 area, which showcases a diversity of cultures. The project design is inspired by life philosophies from both the Western and Eastern worlds, presented through the design concept called <\/span>“Valleys & Hills”<\/strong><\/span>, blending the strengths of two philosophies:

“Valleys”<\/strong><\/span> reflects the Western philosophy of <\/span>Hygge<\/strong><\/span>, a lifestyle concept from Denmark, one of the happiest countries in the world, where <\/span>Hygge<\/strong><\/span> represents comfort and happiness derived from a peaceful and pleasant environment.

The Eastern philosophy represented by <\/span>“Hills”<\/strong><\/span> is inspired by the Japanese concept of <\/span>Wabi-Sabi<\/strong><\/span>, which values natural beauty, simplicity, and the acceptance of imperfection.

This East meets West philosophy is reflected in the distinctive design, including diverse shapes in interior decoration and furniture, along with natural color tones to create a cozy atmosphere that feels warm, relaxed, and simple, making it an ideal living space.

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COBE Ratchada-Rama 9<\/strong><\/span> is a high-rise condominium consisting of 9 buildings on a land area of 12-2-69 rai, with a total of 1,612 units plus 8 retail units, and a parking area of 45.9%. The common areas and green spaces cover over 4 rai, providing various functions sufficient for use, such as a swimming pool, fitness center, co-working space, yoga studio, workshop space, and live studio.<\/p>

Experience a new lifestyle condominium concept <\/span>CO-Being Community<\/strong><\/span> at an affordable starting price of 2.49 million baht, with a guaranteed quality living experience and excellent after-sales service at <\/span>COBE Ratchada-Rama 9<\/strong><\/span> from <\/span>SC ASSET<\/strong><\/span>

Register for more information and special privileges at <\/span>https://bit.ly/43fq9yh<\/span><\/a><\/p>

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