The Tree Victory Monument High Ceilings, Expanding Living Space

In the Heart of the Mass Transit Forever

 

              Time and again, when searching for information about prime locations for transportation, it is found that “Victory Monument” ranks among the top spots due to its urban planning design divided into four islands, facilitating connections to major roads that support both inbound and outbound travel. It has become a vital hub for transportation, featuring the largest BTS station and van hub, as well as the intersection of four major roads: Phahonyothin Road connecting northward to areas like Chatuchak, Phaya Thai Road leading south into the heart of Bangkok, Din Daeng Road connecting to the eastern side of Bangkok, such as Rama 9 and Asoke, and Rajavithi Road extending to the western side of Bangkok, crossing over to Thonburi.

              Transportation is a crucial factor in choosing a residence. Therefore, Pruksa Real Estate has developed land at the entrance of Soi Bunchu Sri, adjacent to Din Daeng Road, launching the latest project named The Tree Victory Monument.

Image 1: Land plot for The Tree Victory Monument project

 

 

From “Car Travel” to “Future Electric Rail Network”

              The development of the Mass Transit location in the Victory Monument area began in 1999 when the Green Line (Mo Chit-On Nut) electric train network was first launched. The train route from Sanam Pao Station moved towards Victory Monument Station before heading into the inner city areas of Phaya Thai and Ratchathewi, significantly improving the convenience of travel for local residents.

              The development of transportation routes did not stop there. News of the upcoming Orange Line electric train project has emerged. This network's construction is divided into two parts: the eastern side (Cultural Center-Minh Buri) is expected to be completed in the next five years (2023), followed by the western side (Cultural Center-Bang Khun Non), which is currently preparing for a private bidding process for construction and operation, anticipated to start in March 2020.

Image 2: Orange Line electric train project

              The land plot for the upcoming The Tree Victory Monument project is supported by the western Orange Line electric rail network (Cultural Center-Bang Khun Non) and is located not far from the Orange Line station, specifically Rang Nam Station, within a distance of 600 meters. Additionally, residents of The Tree Victory Monument can also utilize the BTS electric train at Victory Monument Station, also within 600 meters.

              For residents of The Tree Victory Monument who prefer to travel by car, there are three expressway routes available: “Sirat Expressway” connecting to Chaeng Watthana, Sathorn, Rama 9, and “Chaloem Maha Nakhon Expressway” leading to Ploenchit, Rama 4, and Rama 2, as well as the Uttaraphimuk Elevated Road connecting out of the city towards Don Mueang and Rangsit. It can be said that every journey for residents, whether entering or exiting the city, is well supported in all directions.

Image 3: Travel routes for residents of The Tree Victory Monument

Exploring Amenities in the Victory Monument Area

              The Victory Monument area has become one of the famous shopping destinations in Bangkok, with its charm of diverse products, whether it’s street food restaurants like the renowned boat noodles that everyone must try, or clothing stores, pharmacies, etc., as well as shopping centers, lifestyle venues, and numerous health green spaces.

              Image 4: Amenities in the Victory Monument area

                 Recently, King Power Rang Nam has undergone a makeover, becoming an Asian duty-free shopping hub under the concept “EXPLORE ENDLESSLY,” with an investment of over 2.5 billion baht to accommodate a wider variety of luxury brands, including dining options such as famous street food like Pad Thai Pratu Phi, Ped Din Daeng, Rong Mueang Kao Lao, or renowned restaurants like Somboon Restaurant. If you head a bit further into the city, you will find the “Siam Area”, a hub of numerous shopping centers including Siam Paragon, Siam Discovery, Central World, etc.

                 Additionally, the Victory Monument area is also an important Medical Hub in Bangkok, housing many well-known hospitals such as Rajavithi Hospital, King Mongkut's Military Academy Hospital, Ramathibodi Hospital, Phyathai 1 Hospital, and Phyathai 2 Hospital. It is also an Education Hub, a tutoring center for students, with the Wanasorn Building being a well-known center for tutoring schools in Thailand, located not far from Chulalongkorn University.

              It can be said that every relaxing weekend activity can truly happen in the Victory Monument area. Besides shopping, residents of The Tree Victory Monument can also exercise in the green space of “Santi Phap Park”, where a lap around the park is about 720 meters, providing a good workout. It is open for use from 5 AM to 9 PM every day.

Condominiums in the Victory Monument Area Generate Cap Gain of 4.5-9.5% and Rental Yield of 4-5.5%

              With the availability of amenities supporting living and the convenience of transportation from cars and electric rail networks in the Victory Monument area, let’s take a look at the returns on condominiums in this area.

              It has been found that condominiums in the Victory Monument area can generate returns from two avenues: returns from holding the condominium, referred to as Cap Gain averaging 4.5% - 9.5%, with the average price of second-hand units ranging from 130,000 to 220,000 baht per square meter. Additionally, for investors looking to purchase condominiums for rental, they can receive returns from rental income, referred to as Rental Yield averaging 4% - 5.5%, with average rental prices around 490-800 baht per square meter per month.

Image 5: Cap Gain and Rental Yield figures for the Victory Monument area

 

 

 

The Tree Victory Monument 

Latest Condominium in the Victory Monument Area

 

         Finding a condominium with high ceilings is quite rare in the past 2-3 years. The average price for this style of condominium is around 110,000-165,000 baht per square meter, scattered across various locations.

         This time, Pruksa Real Estate has developed land at the entrance of Soi Bunchu Sri, adjacent to Din Daeng Road, launching the project The Tree Victory Monument, the latest condominium in the Victory Monument area under the concept “Elevate to New Height of Lifestyle”, creating excitement in the Victory Monument area with the design of units featuring a remarkable ceiling height of 4.9 meters!!! Additionally, residents will find The Helical Monument, a central area extending over 6 floors. The Tree Victory Monument accommodates only 253 units, ensuring true privacy in living.

         All of this starts at a price of 3.xx million baht. Interested parties can inquire for more information about The Tree Victory Monument at http://bit.ly/2Z1PG1f or call 1739 starting today.

 

Thank you for the information from www.thetreecondo.pruksa.com