‘Rama 9 - Krungthep Kreetha’ is an Ultra Luxury residential kingdom developed by Sansiri since 2015. Currently, there are 5 residential projects under Sansiri, totaling over 893 homes, with prices starting from 14 to 100 million THB.*

This year, Sansiri has launched a new brand to fill the Segment A market under the name Narinsiri, debuting with two projects in the Krungthep Kreetha area. This will bring the total number of Sansiri developments in Krungthep Kreetha to 7 projects. What does Sansiri see in this location? This article has the answers.

Reasons Why ‘Rama 9 - Krungthep Kreetha’ Has Become Thailand's Ultra Luxury Residential Kingdom

The growth of the Krungthep Kreetha area is quite remarkable, transforming thousands of rai of land from vacant and agricultural land into an Ultra Luxury residential kingdom within just 20 years. This transformation has significantly changed the perception of the area into a high-end residential and lifestyle hub. A key factor driving this change is the development of Srinakarin-Romklao Road.

Krungthep Kreetha is named after the Krungthep Kreetha Association, which developed a high-end golf course with membership fees reaching 4-5 million THB per year. This was the starting point for making Krungthep Kreetha known. Later, in 1975, the Southeast Asian Games led to the establishment of a village for athletes, comprising 3,200 homes, which were later sold and attracted new residents, increasing the area's population density, although it remained concentrated around the main roads and did not expand significantly into Krungthep Kreetha Road.

From 2002 to 2010, there were not many subdivision projects in the Krungthep Kreetha area due to the lack of connecting roads. Most projects were accessed via main roads such as Ramkhamhaeng Road, Srinakarin Road, and Krungthep Kreetha Road. Notable projects during this period included Baan Suan Tara, Sammakorn Village, The Preston Townhome, and Manda Na Rama 9-Srinakarin.

From 2011 to 2015, changes began to occur in the area following the approval of the construction of Srinakarin-Romklao Road or New Krungthep Kreetha Road. Sansiri started developing residential projects under the Setthasiri brand, including Setthasiri Srinakarin-Rama 9 and Setthasiri Krungthep Kreetha, marking the first projects in the area. They developed Soil Pracharuamjai as an access road for the projects and to connect with Srinakarin-Romklao Road, which will be completed in the future.

From 2015 to 2027, development in the Krungthep Kreetha area has continued, attracting various developers to create new projects. Sansiri has been a leading force in building quality communities. Satellite imagery shows that by 2027, the previously green land has been fully transformed into residential communities.

Sansiri: The Leader in Creating Quality Communities in Krungthep Kreetha

Setthasiri Krungthep Kreetha was launched in 2015 with a starting price of 8.39 million THB.* This was the first project on over 500 rai of land prepared for development, making Sansiri a pioneer in the area. They began developing around Soi Pracharuamjai to create the ‘Krungthep Kreetha Community’ as a model for Sansiri's future.

After launching Setthasiri Krungthep Kreetha in 2015, in 2019, Sansiri launched Setthasiri Krungthep Kreetha 2, which also received a positive response, reflecting that Krungthep Kreetha is a location with high demand for upper-level housing.

In 2022-2023, Sansiri has led the elevation of the Krungthep Kreetha area to a leading Luxury residential kingdom in Bangkok by developing projects such as Burasiri Krungthep Kreetha with a starting price of 16.99 million THB, Narasiri Krungthep Kreetha starting at 75 million THB in 2022, followed by Bugaan Krungthep Kreetha starting at 35 million THB in 2023.

In 2024, Sansiri will launch a new single-house brand Narinsiri with two projects in the Krungthep Kreetha area: Narinsiri Rama 9 - Krungthep Kreetha and Narinsiri Krungthep Kreetha, priced between 40-80 million THB*, reinforcing its position as a leader in the luxury housing kingdom of Bangkok.

Additionally, in the Rama 9 - Krungthep Kreetha area, there are other developers working on residential projects, including Malton Gates, The Palazzo, NANTAWAN, Nirvana ABSOLUTE, NANTAWAN Pool Villa Noble Norse, and Nue Verse.

Krungthep Kreetha: A Complete New Landmark Location

In addition to residential development, to create a perfect ‘Krungthep Kreetha Community’, Sansiri has partnered with the international school Brighton College Bangkok in 2017 and developed Market Place Krungthep Kreetha in 2021 to provide amenities for future residents. Inside Market Place Krungthep Kreetha, there are leading shops catering to the upper-level market, such as Tops, Starbucks, Wine Connection, Sousaku, Thongsamith, Greyhound Cafe, and Ergotrend.

As the area has developed into a leading residential neighborhood, many lifestyle destinations have continuously flowed into the Rama 9-Krungthep Kreetha area throughout 2021-2023, such as the largest PTT Station with multiple restaurant brands, Little Walk Krungthep Kreetha, and Nirvana PORCH, which includes various international restaurants like Villa Market, Sukishi, RENJI IZAKAYA, Limkia Hotpot Mala, Taco Bell, and A Ramen.

In addition to a wide range of dining and lifestyle options within the area, residents can easily access various amenities, including The Mall Lifestore, Lotus’s, The Paseo, Sammakorn Place and Kasemrad Hospital Ramkhamhaeng on Ramkhamhaeng Road, as well as Samitivej Hospital Srinakarin and Vibhavadi Hospital Srinakarin on Srinakarin Road. Additionally, the Rama 9 Expressway provides convenient access to the CBD areas of Sukhumvit, Thonglor, and Phong Phong.

Land Prices in Krungthep Kreetha Have Grown by 150% or an Average of 13% Per Year

Krungthep Kreetha is a highly potential area for land growth on the eastern side of Bangkok. Over the past 10 years, land prices in this area have continuously increased, growing by 150% or an average of 13% per year. In 2012, the average land price was 58,000 THB per square wah, and now the asking price ranges from 160,000 to 220,000 THB per square wah, which is 2-3 times higher than the appraised value.

Several key supporting factors contribute to this growth, including the strategic location connecting multiple main roads, essential infrastructure such as the Yellow and Orange subway lines that make travel more convenient and faster, easy access to Suvarnabhumi Airport, and the availability of amenities that support living. The continuous development of luxury residential projects by major developers further emphasizes the potential of the Krungthep Kreetha area, all of which are significant factors driving land prices in this area to continue to rise in the future.

Growth of House Prices in the Krungthep Kreetha Area

The overall market for single houses in the Krungthep Kreetha area before 2017 had an average launch price of around 6-15 million THB. However, after the new Krungthep Kreetha Road opened, this area gained significant attention, leading to the development of various projects, especially from leading real estate companies that have continuously launched new projects.

The positive response has led some developers to launch multiple projects simultaneously, and new developers have recognized the area's potential, leading them to acquire land for residential development. This has resulted in increased land prices and the emergence of higher-priced homes, making Krungthep Kreetha a location for luxury residences. Currently, there are more Ultra Luxury projects entering this market, with most projects available for sale priced between 40-100 million THB.

Rental Investment Returns for Single Houses in Krungthep Kreetha

Krungthep Kreetha is a highly potential area for investing in single houses compared to other locations that focus solely on residential living. This is due to the comprehensive infrastructure development that enhances travel efficiency and speed in the area. Additionally, it is close to Suvarnabhumi Airport and the Lat Krabang Industrial Estate, making it desirable for business owners, executives, entrepreneurs, and expatriates working in Thailand. As mentioned earlier, this area has seen continuous development of luxury projects, creating a premium residential image surrounded by quality communities and amenities that meet the needs of upper-level customers, which other areas have not yet matched.

Furthermore, the continuous growth in land value and investment returns, driven by the area's development and increasing demand, creates opportunities for profit from price differentials that are higher than in other zones, especially in the upper market segment of 30 million THB and above, which can generate average Rental Yields of 7-9% per year*, with rental prices ranging from 150,000 to 650,000 THB per month, depending on land size, usable area, decoration, and amenities within the home and common areas.

Narinsiri: A New Brand of Single Houses Offering Elegant Serenity at 40-80 Million THB

‘Narinsiri’ is a new single-house brand from Sansiri, filling the gap in the market for properties priced between 40-80 million THB* and increasing access for new customer segments. The brand comes with the concept of ‘THE PRIVATE LUXURY…Where Serenity Meets Extraordinary Beauty’, where tranquility meets exceptional beauty, leading to a new definition of elegance with a Private Residence that offers the highest level of privacy, along with design details that reflect taste and passion to enhance your living experience in every dimension.

The project Narinsiri Rama 9 - Krungthep Kreetha is developed from the concept of ‘LAKESIDE ELEGANCE’, allowing you to immerse yourself in lake views amidst a romantic atmosphere, exclusively designed for only 56 families.

The house design is in the GEORGIAN REVIVAL style, offering a living experience reminiscent of the Renaissance era under the concept of serene elegance in the Georgian style, known for its sophisticated lifestyle. Every design element must reflect classic elegance through symmetrical, strong, orderly, and beautiful designs. The signature Georgian ‘TIMBER DOOR’ stands out with its size and thickness, with symmetry being key. Every component is perfectly designed, ‘DENTILS CORNICE’ features classic decorative moldings that look beautiful and orderly, ‘DORMER & GABLE ROOF’ with windowed roofs that are flat, curved, and gable-shaped, showcasing unique classicism, ‘MULTI-PANE WINDOWS’ with large symmetrical windows that have a sleek structure and a hint of ancient Greek-Roman architecture, and Georgian ‘CHIMNEY’ designed with Quiet Luxury in mind, seamlessly integrating the house into its surroundings.

The project comes with a large clubhouse featuring complete functions, including a SWIMMING POOL with a Jacuzzi, LOUNGE for private gatherings, GYM & PILATES ROOM for fitness enthusiasts, GREENWICH PARK with a lush garden and pavilion for relaxation, UNDERGROUND CABLE SYSTEM for beautiful views within the project, and a KID & PET PLAYGROUND for outdoor activities for everyone in the family and pet parents.

Experience the serene elegance of ‘Narinsiri’ in the quality living environment of Krungthep Kreetha, priced between 40-80 million THB. Register for more information at https://siri.ly/scbslGB.