If we talk about the University District, the name 'Kasetsart University Area' is undoubtedly one of the first that comes to mind for many people, thanks to its continuous growth.

Reference Kaset District, a new condominium project from SC Asset, is the latest addition to this area. It is also a standout mid-tier condominium brand known for its design and ability to inspire residents, situated in a prime location for a multi-layered lifestyle.

Kaset District: The Right Lifestyle is Not Just One Layer

The Kasetsart University Area is characterized by a multi-layered lifestyle, being an outer urban area that is also within the business center of northern Bangkok. This makes the Kasetsart University Area comprehensive in terms of transportation, job opportunities, lifestyle, and numerous amenities.

Especially after the opening of the Green Line Extension from Mo Chit to Saphaan Mai - Khu Khot, which sees passenger numbers at each station ranging from 67,700 to 978,500 annually, with the Kasetsart University Station accommodating approximately 391,750 passengers per year. Furthermore, the Kasetsart University Area features new condominiums that stand out more than other zones in the extended BTS area, offering a wealth of job and lifestyle options that reflect that Kasetsart University Area remains one of the hottest locations in northern Bangkok, excelling in convenience for living, transportation, and genuine residential demand.

Exploring 4 Interesting Characteristics of the Kasetsart University Area

The area serves as a junction for major roads and has a robust public transport network, showcasing its potential not only through the number of BTS users but also through the connectivity of the transport network. The Kasetsart University Area is conveniently located near the interchange stations of the Pink Line, the Red Line, and in the future, the Brown Line as well.

Additionally, the road network allows easy access to various job locations, as the Kasetsart University Area connects directly to Phahonyothin Road, leading into the northern Bangkok business center and inner Bangkok (Lat Phrao Intersection - Ari - Saphan Khwai), connecting to Ngamwongwan Road towards the center of Nonthaburi (Ministry of Public Health and Nonthaburi Government Center), and linking Vibhavadi Rangsit Road to Don Mueang Airport and expressway entry and exit points, as well as Prasert Manukitch Road connecting to the Chalong Ratch Expressway (Ekkamai - Ram Inthra).

Access to job opportunities and lifestyle options is another significant aspect of the multi-layered lifestyle in the Kasetsart University Area, which can be categorized into four groups, each reflecting a demand for quality around this area.

  • Education Hub - The Kasetsart University Area and nearby zones host three universities: Kasetsart University, Sripatum University, and Chandrakasem Rajabhat University, along with several leading schools, with an estimated 58,500 students and staff living in these institutions.
  • Employment Hub - Within the area and its surroundings, there are large employment centers with high-quality demand. To the north, there is the Chaeng Watthana Government Complex with over 70,000 personnel, while nearby the Kasetsart University Area are institutions like the Bank for Agriculture and Agricultural Cooperatives (BAAC), SCB Park, RS Public Company Limited, PTT, and several office buildings, with an estimated workforce of 78,500.
  • Medical Hub - Within just 500 meters of Kasetsart University, there are two medium-sized hospitals: Vibhavadi Hospital and Paolo Hospital Kaset, providing 420 beds and employing around 2,000 staff (source: Health Geographic Information System). In the future, there will also be a Kasetsart University Hospital with a capacity of 400 beds.
  • Gathering Hub - As a university area, it is accompanied by numerous shops, restaurants, and entertainment venues, ranging from well-known affordable eateries to new family-friendly restaurants and hangout spots for working-age friends. Additionally, shopping centers like Major Cineplex Ratchayothin, Avenue Ratchayothin, Box Space, Central Ladprao, Union Mall, and in the future, Central Phahonyothin will also be easily accessible.

The Future of the Kasetsart University Area

With the continuous growth of the Kasetsart University Area, there are upcoming projects to watch for that will enhance the area's potential as a medical hub in northern Bangkok and improve transport connectivity (Multi-transit). These projects include:

  • Kasetsart University Medical Park Project - Kasetsart University has opened its Faculty of Medicine (Agricultural Medicine and Bioventure) in 2024 and plans to develop a 50-rai area within the university to construct a medical park, including the Faculty of Medicine, Faculty of Nursing, Faculty of Dentistry, a hospital, and a medical park for both Thai and foreign patients.
  • Brown Line Electric Train Project (Kra Yai - Bueng Kum) - A monorail project connecting Nonthaburi to Lam Sali Intersection (Kra Yai - Bueng Kum) with 20 stations over a distance of 22.10 km, currently in the M-Map rail system master plan. The timeline for selecting private partners for investment is set for 2025, with construction starting in 2026 and expected to open in 2029, with an investment of 49.685 billion baht.

Land Prices in the Kasetsart University Area Have Grown by an Average of 37%

The Kasetsart University Area is a highly potential location for real estate development and economic growth, driven by the vibrant student and educational workforce present year-round. The area is conveniently connected to public transport and expressways, making it ideal for developing condominiums or various types of residences, as well as opportunities for businesses in education, commerce, and services. These factors have led to continuous growth in land prices, averaging 37% per appraisal year. Notably, the main road Phahonyothin Road has seen significant growth, with appraised prices rising from 80,000-120,000 baht per square wah in 2008-2011 to 250,000-350,000 baht per square wah in 2023-2026. Similarly, Vibhavadi Rangsit Road has also shown remarkable and continuous growth, with appraised prices increasing from 40,000-140,000 baht per square wah in 2008-2011 to 150,000-300,000 baht per square wah currently.

The continuous and significant growth in land prices reflects the area's potential and the increasing demand for housing, as well as opportunities for real estate development, both residential and commercial, making this area a promising site for business and investment growth, capable of creating long-term value.

“Kasetsart University Condos” Have High Rental Yields, Averaging 4.8% Annually

The condominium market in the Kasetsart University Area has seen a steady supply of new projects due to ongoing demand from students and educational personnel. Approximately 1-2 new projects are launched each year, with six condominiums currently available for sale near the university, over 60% of which have been sold. Most of these projects are located along Phahonyothin Road, near the BTS line, with prices starting from 2.29 to 5.49 million baht or 91,000 to 166,000 baht per square meter. The latest project launched in this area, Reference Kaset District, is located on Ngamwongwan Road, opposite Kasetsart University, featuring a new condo design concept from SC Asset with VertiSpace rooms boasting a ceiling height of 4.8 meters, the highest in the Kasetsart area, fully furnished, starting at 4.29 million baht.

Overall, investing in condominiums in the Kasetsart University Area can yield an average return of 4.8% annually. Rental rates for studio condos sized 23-29 square meters range from 10,000 to 13,000 baht per month, while 1-bedroom units sized 24-35 square meters rent for 11,000 to 18,000 baht per month. High-ceiling 1-bedroom units sized 36-40 square meters have rental rates of approximately 22,000 to 28,000 baht per month, and 2-bedroom units sized 34-53 square meters rent for 14,000 to 25,000 baht per month, creating Rental Yields of approximately 3.9 - 5.7% annually. For the second-hand market, Capital Gains average 3% - 5.3% annually, with resale prices ranging from 90,000 to 163,000 baht per square meter.

Reference Kaset District: A New Condo Design “Layer of Nature, Layer of Life”

Reference Kaset District presents a new condo design in the heart of Kaset from SC ASSET, featuring the first Vertispace (High Ceiling) rooms with a ceiling height of 4.8 meters*, which is the tallest in the Kaset area. This layout comes with fully functional features, maximizing every square meter. The project is uniquely designed with the concept of “Layer of Nature, Layer of Life”, connecting nature and living through four elements:

1. Earth & Terrain - Utilizing surfaces and materials that reflect the earth and soil, such as natural stone patterns, warm tones, and textures resembling soil and rock.

2. Woods - Using materials that have wood-like characteristics, colors, or textures to evoke a forest feel, creating a warm and nature-friendly atmosphere.

3. Green - Presenting the greenery of nature through shapes, colors, or elements associated with plants, such as vibrant greens, rounded shapes, or incorporating trees into the space to enhance freshness.

4. Sky - Designing to reflect the openness of the sky, using blue and white tones, playing with light and shadow, and incorporating simple and open lines to create a sense of spaciousness and connection with nature.

The project combines the beauty and value of nature with a simple, functional, and modern design concept to create a space that harmoniously connects living with nature sustainably.

The project also collaborates with THINKK Studio, a design company that has created special flexible furniture that can adapt to various functions, catering to diverse lifestyles and maximizing the use of every space effectively, meeting the needs of modern residents who seek both design and value in their living spaces.

Room Design Based on the Concept of Limitless in Design: Fully Functional Like Home

SC ASSET understands the needs of residents in this area well, recognizing that those living here do not necessarily want large, expensive rooms but prefer appropriately sized units that are well-organized and maximally functional. This led to the concept of Limitless in Design, creating new unit designs that feel like home, with clearly defined functional spaces, offering Multi-Functional Spaces that can adapt to various uses. For instance, a living area can be converted into a bedroom, and built-in storage can be integrated under the stairs. Collaborating with THINKK Studio, they designed flexible furniture that can change its function, ensuring that every square meter is utilized effectively.

The project offers three room types:

  • 1 Bed VertiSpace, sizes 24.71 - 25.46 sq.m.
  • 2 Beds VertiSpace, sizes 28.07 - 29.48 sq.m.
  • 3 Beds VertiSpace, sizes 27.98 - 34.95 sq.m.

Concierge Service and Special Services Tailored to the Lifestyle of the New Generation

Reference Kaset District comes with a Concierge Service, providing assistance to residents, including laundry service for up to 20 items per month per unit, monthly cleaning service, and shuttle services. Additionally, to enhance convenience, a 7-Eleven store is located within the project for comprehensive amenities.

Moreover, there is a complete after-sales service, with a dedicated team from SCAble, and the RueJai application, a quality personal assistant that helps ensure comfortable living for everyone in the household. This includes maintenance services and a home automation system that can be controlled via the app, along with comprehensive health insurance from Allianz Ayudhya.

Reference Kaset District is a newly designed condo in a prime location opposite Kasetsart University, surrounded by comprehensive amenities. Experience a living environment that meets all dimensions of life, fully furnished, starting at 4.29 million baht*. Register for more information at https://bit.ly/4apfbf4 and use CODE: RFKS-Terra to receive an additional discount of 10,000 baht*.