After the COVID-19 crisis, one significant change that many people may not be aware of is the large-scale migration of populations, particularly the movement from Bangkok back to the provinces. This trend of migration from the capital to other cities has caught the attention of economists and urban planners.

The process of urbanization has made provincial cities important areas for both residential locations and job opportunities. When considering a city that is well-equipped in these aspects, TerraBKK Research points to Sriracha in Chonburi, a city that boasts educational institutions, job sources, infrastructure, housing, and substantial investment. In this article, we invite readers to explore the Brixton Kaset Sriracha Campus, a condominium located in front of Kasetsart University, Sriracha campus, and the completeness of Sriracha - Laem Chabang in various aspects that you may not have known before.

Brixton Kaset Sriracha Campus: Convenient Travel, Connecting Sukhumvit Road and Highway No. 7

When considering the travel potential in the Sriracha - Laem Chabang area, one cannot overlook Laem Chabang Port, which serves as a connection point between Sukhumvit Road and Highway No. 7 (Bangkok - Chonburi Motorway), two major roads linking Chonburi and Bangkok. Whether traveling to Bangkok or heading towards Pattaya, the journey can be made conveniently within just 35 to 100 minutes. Additionally, it provides easy access to key roads in Sriracha, such as Khao Kil Road, Laem Thong Road, Laem Chabang Central Road, and Highway No. 3009, making this area one of the most accessible locations in Laem Chabang - Sriracha.

Located in the Heart of Mega Projects: EEC

One cannot overlook the arrival of national-level mega projects that elevate the Sriracha - Laem Chabang area to a status comparable to major cities in the country. This includes the High-Speed Rail Project connecting 3 airports (Don Mueang Airport - Suvarnabhumi Airport - U-Tapao Airport), spanning 220 kilometers with an investment of 152 billion baht, which will facilitate travel and cargo transport throughout the region, and in the future, it will become a transportation hub for the ASEAN region.

U-Tapao International Airport is the third major airport development project in the country, connecting Don Mueang and Suvarnabhumi airports via high-speed rail, allowing all three airports to accommodate up to 200 million passengers per year, with the first phase expected to open by 2027.

Map Ta Phut Port Phase 3 will support the transfer of natural gas and petrochemicals over an area of approximately 1,000 rai, divided into two phases: Phase 1 focuses on infrastructure development, while Phase 2 will develop business areas related to energy, gas docks, liquid cargo ports, warehouses, and related businesses. Currently, Phase 1 is nearly 60% complete and is expected to finish by 2027.

Smart Park Industrial Estate is a project to develop industrial areas to support the automotive industry and high-tech industries, expected to be completed by 2024.

Another major project attracting leading demand to the area is the Digital Innovation and Industry Promotion Zone (Digital Park Thailand @Sriracha: EECd), a new trade and economic center alongside the creation of commercial digital innovations, which is expected to generate up to 100,000 digital professionals annually.

Located Near the Heart of Abundance in Sriracha

In terms of urban development, an important indicator besides the growing population is the abundance of various facilities. Sriracha district has shown clear urban growth, with the hidden population of Laem Chabang reaching 40,000, mostly consisting of personnel working in industrial estates, leading to Laem Chabang being elevated to the status of “Laem Chabang Municipality,” which has now become a major port city in the country.

The central area of facilities in Sriracha - Laem Chabang is undoubtedly around the intersection of Laem Chabang Road and Laem Chabang Central Road, as it is a crucial junction that consolidates the city's amenities, including government institutions such as police stations, social security offices, Laem Chabang Municipality, provincial electricity authority, and provincial waterworks, as well as several hospitals like Laem Chabang Hospital, Samitivej Sriracha Hospital, Phyathai Sriracha Hospital, and Vibhavadi Hospital. This area is also home to educational institutions such as Kasetsart University, Sriracha campus, and Laem Chabang Technology College, along with Laem Chabang Municipality Park, making it a central hub with comprehensive urban services.

Comprehensive Lifestyle Without Leaving the Area

The growth of Sriracha - Laem Chabang has attracted various lifestyle venues to meet the demand of the diverse population in the area. Shopping malls, restaurants, and various lifestyle spots have emerged, primarily clustered around Laem Chabang Central Road and Sukhumvit Road, including Si Mum Mueang Market, Big Food Market Laem Chabang, and Laem Chabang Housing Market, catering to all levels of shopping. The area is also filled with popular street food stalls such as Gai Kraja, Je Oh Fish Noodle, Ta Khem Duck Noodle, Chivit Dee Restaurant, Laem Chabang Boat Noodle, and Aunt Wan's Restaurant, among others. Additionally, being an educational hub, this area is known for its numerous trendy cafes, both for coffee lovers and Instagram enthusiasts, such as Black and Milk, COCOA Crafter Café, Guu&You, Zlowpoke, and many more.

Moreover, it is a location with a cluster of shopping centers, hypermarkets, and community malls such as Central Sriracha, Max Value Sriracha, Makro Food Service, Harbor Mall Laem Chabang, Tukcom Sriracha, Portobello, and Tesco Lotus, allowing residents in the Sriracha - Laem Chabang area to live conveniently without needing to leave the vicinity.

Diverse Demand Supporting Various Groups

The perception of demand in the Sriracha - Laem Chabang area is often associated with personnel working in the industrial estate, as Sriracha has over 1,622 factories and approximately 100,648 workers (as of May 2024). Among these personnel are skilled labor and expatriates with high purchasing power, particularly the Japanese, with around 9,000 individuals working in factories based in Sriracha.

However, aside from the quality demand from the industrial estate, many may not know that the Sriracha - Laem Chabang area has also become a Little University District, with demand from educational institutions, especially from Kasetsart University, Sriracha campus, which has a total of over 13,915 students from undergraduate to doctoral levels and approximately 607 staff members (as of 2024). It is well-known that U District is a location with continuous demand and is an attractive investment area for those looking for rental condo markets.

Another interesting quality demand group includes medical personnel from several hospitals in the area, such as Laem Chabang Hospital, Samitivej Sriracha Hospital, Phyathai Sriracha Hospital, Somdet Phra Boromrajathewi Hospital at Sriracha, Medical Care Facility, and Vibhavadi Hospital, with approximately 4,865 medical personnel (according to the Ministry of Public Health's health resource geographic information system).

With the diversity of demand and urban growth, the Sriracha - Laem Chabang area continues to see growth in residential properties, especially temporary housing such as dormitories, apartments, and condominiums.

The Condominium Market Situation in Sriracha - Laem Chabang

From the survey of the condominium market in the Sriracha - Laem Chabang area, it is evident that new condominiums are continuously emerging in this location. Looking back at the price growth over the past 10 years, it can be said that from then until now, condominium prices have nearly doubled. As of 2023, the average launch price is around 64,000 baht per square meter, while the current market price of available projects averages about 75,000 baht per square meter. Condominiums in this area are typically located near Sukhumvit Road, with prices varying based on the convenience of the location and access to the projects, whether they are directly on the road or require entering a soi. This area features both condominiums developed by local developers and well-known large developers like Origin, which has successfully established numerous projects in this area, including Knightsbridge the Ocean Sriracha, Notting Hill Laem Chabang, Kensington Laem Chabang, and the latest ready-to-move-in condominium, Brixton Kaset Sriracha Campus, which has an average price equal to the market price of about 75,000 baht per square meter.

Investment Opportunities in Sriracha - Laem Chabang Condominiums

The diversity of demand in the Sriracha - Laem Chabang area presents opportunities for condominium investment. The rental yield from investing in condominiums in this area can generate an average Rental Yield of 5% - 7.7% per year, which is considered high, comparable to locations in Bangkok. The average rental rates range from 250-450 baht per square meter per month, depending on the type of accommodation. For studio rooms, the average rent is 6,000-10,000 baht per month; for 1-bedroom units, the average rent is 7,500-22,000 baht per month; for 2-bedroom units, the average rent is 12,000-35,000 baht per month; and for 3-bedroom units, the rent ranges from 50,000-70,000 baht per month. The selling price of second-hand condominiums in this area is between 55,000-95,000 baht per square meter, generating an average Capital Gain of 3.5% - 5% per year.

Brixton Kaset Sriracha Campus: The Best Residential Solution in Sriracha - Laem Chabang

Brixton Kaset Sriracha is the latest ready-to-move-in condominium designed to meet the needs of modern consumers in every dimension, catering to all lifestyles, including students, employees in the Sriracha industrial estate, and those looking for housing in this area.

The project spans over 4 rai, with three 8-story buildings. The design is inspired by the patterns of ocean waves, blended into a Modern Art Geometric style, appealing to the individuality of Gen Y and Gen X, promoting a Smart & Cool lifestyle with ample common areas designed for active living.

What makes this project special is the division of buildings according to the living functions of different customer groups. Building A is for investors renting to students, featuring the IP Program (Investment Property Program) that Origin offers, allowing joint ownership of serviced apartments with a guaranteed return of 6% per year for the first two years, and an expected return of 5-7% per year from the third to the tenth year. Building B caters to those wanting to live in the condominium themselves, with the main common areas located in this building, while Building C will be a mixed-use building catering to both the IP Program group and residents.

Brixton Kaset Sriracha Campus is a new ready-to-move-in campus condominium, an interesting investment trend with an estimated return of 5 - 7% over a continuous period of 10 years. It is a condominium that meets the needs of modern living, close to Kasetsart University, Sriracha. Whether living in it or investing, it is worthwhile. Reservations start at 999 baht, with initial payments from only 5,000 baht, starting at 1.79 million baht.

Those interested can register at https://bit.ly/BXT-TERRA or inquire further by calling 1498.