DENIM Jatujak is a condominium where you can “Plan to live unplanned”

 

                  The Jatujak area is considered a promising location for the future. In the coming years, the Jatujak area will see numerous new projects, which is one of the reasons why Grand Unity has launched the new condominium project DENIM Jatujak in Jatujak at Phaholyothin Soi 18. Before discussing future projects, TerraBKK would like to emphasize once again the immense potential of the Jatujak area in this article.

The Jatujak area is surrounded by job opportunities and large parks

The area around Phaholyothin Soi 18 or Jatujak is characterized by a diverse mix of real estate utilization. Due to the high potential for land use, single-family homes or townhomes are rarely found here; instead, the area is dominated by office buildings, commercial buildings, and various shopping venues, such as Chatuchak Market, AOT Market, JJ Mall, Chatuchak Green Market, Mo Chit Bus Terminal, and even parks like Queen Sirikit Park, Chatuchak Park, and Wachirabenchathat Park, which are among the largest public parks in Bangkok. This diversity is a highlight of the Jatujak area. However, in terms of real estate development, the Jatujak area may see less development compared to nearby locations like Ari and Ladprao, which are more prominent residential communities and home to several large office buildings. As a result, we tend to see more high-rise and low-rise condominiums in the Ari area.

Nonetheless, the Jatujak area has significant job opportunities that are easily accessible, including both public and private sectors such as Thai Military Bank (Head Office), Civil Aviation Training Institute, Transport Office, Securities and Exchange Commission, Thai Rath Newspaper Office, PPTV Television Station, Thai Airways International Public Company Limited, Energy Complex Company Limited, Sun Tower, Lao Peng Nguan Building 1, Wang Dek Building, and Pongsuphi Building. All these workplaces are located around Phaholyothin Soi 18, making it a highly potential area for employment.

The Jatujak area: A continuously growing potential

       TerraBKK Research conducted a physical comparison based on changes in construction areas and open spaces using satellite images from Google Earth to observe physical changes in the city within the surveyed area. The data compared the differences between 2001, two years after the construction of the BTS Green Line (which first opened in 1999), and 2017. It was found that the urban area had significantly changed, with a noticeable increase in buildings from the Ari area to Jatujak, or from Phaholyothin Soi 4 to the Ladprao Intersection, which is a popular residential development area due to the presence of large office buildings along the route. Since 2001 to 2017, there has been almost no open space left without buildings, except for the military club area, which is military land that cannot be developed. This clearly indicates the ongoing popularity and real estate development in these areas.

Connected by BTS and near expressways

The project is located in the middle of Phaholyothin Soi 18/1, which is often used as a shortcut between Vibhavadi Rangsit Road and Phaholyothin Road. Phaholyothin Soi 18 has the advantage of effectively avoiding heavy traffic. At the entrance of Phaholyothin Soi 18, adjacent to Kamphaeng Phet Intersection, you can access both the Victory Monument, Ladprao Intersection, Kamphaeng Phet, or the Si Rat Expressway. The entrance to Vibhavadi Soi 3 is also conveniently close to the elevated Utharapimuk entrance, not far from the U-turn point on Vibhavadi Road to return to Din Daeng. Additionally, it is close to Ladprao Intersection, which provides access to multiple routes. For those using private vehicles, this location is very convenient. However, if you use Phaholyothin Road as the main route from the Victory Monument area to Ladprao Intersection, it tends to be congested throughout the day.

         For pedestrians or those without private vehicles, the main transportation options are the BTS Green Line and the MRT Blue Line. The distance from the project area to the BTS station is quite far, exceeding a reasonable walking distance, approximately 1.5 kilometers. You can use motorcycle taxi services to reach the BTS station, with a fare of 20 baht.

Mega projects transforming the Jatujak area into a city of the future

         The Jatujak area has a variety of mega projects from both the public and private sectors, primarily focused on transportation and real estate development, particularly office buildings. This will transform the Jatujak area into a future hub for northern Bangkok, attracting new demand to the area. The mega projects in the vicinity of the Jatujak area include:

Phaholyothin Transportation Hub Smart City

         A national project that will not only transform the Jatujak area into a future hub but also enhance Thailand's transportation system. In addition to being a transportation center connecting suburban trains, electric trains, and high-speed trains, it will also develop land into the first Smart City in Bangkok.

Mo Chit Complex

         After a hiatus of over 20 years, the Mo Chit Complex project has recently made progress. Located on state land under the Treasury Department, the investment value has increased to 26 billion baht, comprising a shopping center, hotel, and apartments.

Wimutti International Hospital

         The first hospital developed by Pruksa Real Estate on over 7 rai along Phaholyothin Road, with a project value of over 4.9 billion baht, featuring a medium-sized hospital with 254 beds targeting middle-income clients.

The Rice by Srisupharat

         The Rice by Srisupharat, located at the corner of Saphan Khwai Intersection, is a redevelopment of the old Srisupharat building into another mixed-use project covering over 4 rai, including retail, shopping mall, and a 4-star hotel.

Exploring condominium numbers in the Jatujak - Phaholyothin area

         In addition to the aforementioned highlights of this area, what are the statistics for high-rise residential properties like condominiums in this area? Let's explore the interesting details below.

         The Jatujak - Phaholyothin area has long been a location for high-rise residential condominiums. Over a decade ago, the average launch price for new condominium projects was around 50,000-60,000 baht per square meter. Since then, prices have steadily increased, and currently, the average launch price exceeds 100,000 baht per square meter. It can be said that condominiums in the Jatujak-Phaholyothin area have a Presale Growth Average of 10.5% already.

Image showing condominium statistics in the Jatujak - Phaholyothin area-Phaholyothin

         If you ask how much return can be generated from owning a condominium in the Jatujak-Phaholyothin area, you should look at the Cap Gain averaging around 4.5%-7.5%, which is quite good. Currently, the market price for second-hand condominiums averages 98,000-150,000 baht per square meter.

         For investors looking to buy condominiums for rental income as passive income in line with the lifestyle of the new generation, it is found that condominiums in the Jatujak-Phaholyothin area generate an average Rental Yield of 4.5-5.5%, with average rental returns of 420-620 baht per square meter per month, such as studio rooms averaging 9,900-13,000 baht per month, 1-bedroom rooms averaging 14,000-20,000 baht per month, and 2-bedroom rooms averaging 30,000-43,000 baht per month, etc.

“Plan to live unplanned” with DENIM Jatujak, the latest condominium in the Jatujak area from Grand Unity

         The developer Grand Unity has developed a 9-0-1.6 rai plot into the DENIM Jatujak high-rise condominium project with 1,813 units and 53% parking space, under the concept of “Plan to live unplanned”, a condominium designed to accommodate your lifestyle, including:

  • Plan to live with the availability of common areas (Facilities), over 2 rai of green space, a standard 2-story gym accessible to residents 24 hours a day.
  • Plan to Transport with a shuttle bus service from the project, allowing residents to reach MRT - BTS within 10 minutes, surrounded by main roads and expressways.
  • Plan to invest whether for living or investment, it is definitely worthwhile. Each unit is equipped with a Home Automation system to make your life easier.

As for the launch price information, please be patient; it will be announced soon. Those interested in the DENIM Jatujak project can inquire for more information at http://denim.jatujak.grandunity.co.th/ or call 02-652-4000 starting today.

Thank you for the information from www.grandunity.co.th