Sriracha: A Prime Investment Location for Japanese Expats with Average Returns of 16%

at Knightsbridge The Ocean Sriracha

The investment project in the Eastern Economic Corridor (EEC) across three provinces in the eastern region, namely Chonburi, Chachoengsao, and Rayong, has sparked interest in the eastern zone, making it a “hot” location, especially “Sriracha”, a strategic city in Chonburi located just 24 kilometers from downtown Chonburi. Its easy access to Bangkok via Sukhumvit Road and the motorway has led to continuous urban development in Sriracha. Additionally, the area hosts several industrial estates, attracting a significant number of quality workers, particularly from Japan. Sriracha is the city with the second-largest Japanese population after Bangkok and is often referred to as “Little Osaka”. Today, Terra BKK will introduce a condominium that is ideal for Japanese-style living or for investment to rent to Japanese expats, offering high returns at the Knightsbridge The Ocean Sriracha project by Origin Property, designed in a Japanese style.

“Sriracha” Land Prices Soar Awaiting EEC Expansion

Undoubtedly, the announcement of the EEC development has significantly boosted land prices in Chonburi, Chachoengsao, and Rayong, particularly in areas designated as EEC economic zones and near high-speed train stations, with prices increasing by an average of 30%. Currently, land prices in Sriracha along the road have risen to approximately 80-100 million baht per rai, while beachfront land is priced at around 100 million baht per rai due to its scarcity, with most being state-owned. Urban land is trading at about 350,000 baht per square wah, compared to an average of around 200,000 baht per square wah over the past four years.

In the first half of this year, investors from Japan and China have established production bases in Sriracha, with investment promotion applications (BOI) rising significantly. From January to May 2019, total investments reached 63,651.92 million baht, a 326% increase compared to the same period in 2018, with approximately 70% of factories located in Chonburi. This has led to continuous growth in the real estate sector, particularly in condominiums, with rental yields around 8%. There are about 30,000 Japanese residents in Sriracha, and it is expected that the increase in factories and the relocation of businesses from China to Thailand will rise significantly as the EEC becomes clearer, potentially bringing the total number of foreigners and Japanese residents in Sriracha to 40,000.

            As purchasing power increases, the demand for condominiums is expected to rise. Currently, the supply of condominiums in Sriracha stands at around 3,000 units, with prices ranging from 80,000 to 120,000 baht per square meter, primarily catering to expats and upper-middle to upper-class clients.

Infrastructure EEC: The New Future Path of Thailand

According to the EEC development plan, Chonburi-Sriracha is designated as an international education center supporting future automotive, smart electronics, and transportation industries, facilitating Japanese industries and attracting quality labor from both Thailand and abroad.

Sriracha is a location with high potential, with various accessible infrastructures, such as the Laem Chabang Port, which is developing Phase 3 to accommodate up to 18 million TEUs per year, the Pattaya-Mab Ta Phut Motorway spanning 32 kilometers for faster travel, and U-Tapao Airport, which is being developed into the most modern air transport hub and aircraft maintenance center in the region. The (Don Mueang-Suvarnabhumi-U-Tapao) rail link consists of 9 stations over 220 kilometers, taking 1.40 hours to travel. The dual-track railway connects 3 ports (Sattahip, Laem Chabang, Mab Ta Phut), reducing transportation costs by 5-12 times, with total cargo volume in the EEC expected to reach 157.14 million tons per year by 2580.

Clearly, the development of infrastructure projects supporting the EEC will increase the demand for housing for quality workers in the area, especially in Sriracha. Today, TerraBKK will take everyone to visit the Knightsbridge The Ocean Sriracha project by Origin Property, a condominium in the heart of Sriracha, close to job opportunities and amenities, developed to cater to both Thai residents who appreciate Japanese culture and Japanese workers in Thailand.

 

Introducing Knightsbridge The Ocean Sriracha: A Japanese Style Condominium by Origin

The Knightsbridge The Ocean Sriracha project is a 36-story high-rise condominium with 722 units on a total area of 4-0-4.5 rai, valued at over 2,500 million baht. The project's highlight is its prime location on Sukhumvit Road, the main route to Bangkok or Pattaya, with easy access to nearby beach tourist attractions just 1.4 kilometers away. The project is situated between downtown Sriracha and the Udom Bay in Laem Chabang. Public transportation options include buses, songthaews, and motorbike taxis. Additionally, the project offers a shuttle service to nearby locations such as:

  • IT Plaza 1.8 km
  • Sriracha Harbor 1.6 km
  • Sriracha Fresh Market 2.5 km
  • Robinson Sriracha 2.8 km
  • Koh Loy 3.5 km
  • Kasetsart University Sriracha 3.5 km
  • J-Park 8.2 km
  • Laem Chabang Industrial Estate 8.5 km

The building is also situated on a dragon's feng shui site, “backed by mountains and facing the sea”, allowing residents to enjoy views from both sides. The design is in an L-shape, with the inner side facing the mountain view or east, utilizing Art Deco style with geometric shapes in the structure, using smooth materials in white, black, brown, and gold tones, while the top of the building adds a luxurious touch.

A Condominium in a Prime Location for Japanese Tenants with Complete Amenities Perfectly Meeting Their Needs

Currently, the Knightsbridge The Ocean Sriracha project is fully completed and ready for occupancy, attracting both Thai and Japanese residents who appreciate the convenience and surrounding amenities, including shops, restaurants, schools, and shopping malls. Furthermore, the project's location is in a strategic EEC area, close to Laem Chabang Industrial Estate, the dual-track railway at Sriracha station, and Laem Chabang Port.

Nearby amenities include Kasetsart University Sriracha Campus, Assumption College Sriracha, Darasamuth Sriracha School, St. Paul Convent School, Robinson Sriracha, Phyathai Sriracha Hospital, Samitivej Sriracha Hospital, J-Park, a gathering place for Japanese residents in Sriracha, and Sriracha International Golf Club. The Knightsbridge The Ocean Sriracha project is another development close to amenities and the EEC area, accommodating the housing expansion for executive-level employees from leading companies moving into the EEC area, most of whom are Japanese, representing a quality tenant group that maintains their units well and pays rent on time.

This makes the Knightsbridge The Ocean Sriracha project a high investment opportunity, generating rental returns. The project offers consulting services to clients to find units that match their preferences and provides comprehensive post-sale services, including sourcing executive-level tenants. TerraBKK has compiled room prices and information on the rental yield for the Knightsbridge The Ocean Sriracha project for everyone to consider.

9 Highlights of Knightsbridge The Ocean Sriracha: A Japanese Style Condominium

Origin has prioritized the design and decoration of the building to encompass activities for Japanese residents, featuring 9 highlights, with a strong emphasis on bathrooms. The furniture is specifically designed for ample storage, fully furnished with both freestanding and built-in options, and air conditioning in every room. The flooring is made of wood-patterned rubber, which is more resistant to scratches and moisture, while the balcony and bathroom are tiled with ceramic.
   

For the bathrooms, wet and dry areas are separated, with fixtures including a shower and rain shower, a jacuzzi tub for relaxation, and a small chair for bathing in the Japanese style.

The Knightsbridge The Ocean Sriracha project offers a total of 5 room types:

  • Superior (1-Bedroom) 24.50 – 29.00 sq.m.
  • Deluxe (1-Bedroom) 33.00 – 37.50 sq.m.
  • Suite (2-Bedroom) 52.00 – 62.00 sq.m.
  • Penthouse 87.00 – 93.00 sq.m.
  • Duplex 61.00 – 101.00 sq.m.

The 1-bedroom units are designed for 1-2 residents, featuring an open kitchen, a small dining table, a living area, and a bedroom separated by sliding glass doors, along with one bathroom. The 2-bedroom units are suitable for 3-4 residents, featuring an open kitchen, a dining table for 4, a spacious living area with wide openings for views, and both bedrooms have balconies, with two bathrooms.

The Facilities in this project span 4 floors (located on floors 4, 35, and 36), with floors 1-3 serving as the lobby and parking area accommodating approximately 320 vehicles. The 4 floors are divided into Triple Facilities:  Circle Of Nature on the ground floor features a lawn and putting green, designed for residents to practice putting with three varied holes, surrounded by gardens for relaxation, adjacent to mountain views.


Circle Of Community on the 4th floor includes a freeform swimming pool and garden for family activities, located to the east near the mountains, providing shade and allowing swimming all day without heat. Facilities on this floor include a party lawn, kids club, laundry room, multi-function room, golf simulator room, home theater room, and a freeform swimming pool measuring 8 x 70 meters, with a depth of 1.2 meters, including a children's pool with a depth of 0.30 meters, designed for fun rather than serious swimming.


Circle Of Inspiration is located on floors 35-36, with floor 35 featuring an overflow swimming pool measuring 5 x 20 meters, with a depth of 1.2 meters, a men's onsen with mountain views, a women's onsen with views of Sriracha city, as well as sauna and steam rooms separated for women, and a Tatami Room for Japanese-style lounging. Floor 36 includes a fitness center and business lounge.

         The Knightsbridge The Ocean Sriracha project is perfect for those looking for a ready-to-move-in condominium with Japanese-style functionality. Importantly, you will enjoy a unit with sea and mountain views, excellent scenery, and complete facilities. For those interested in investing to rent to Japanese tenants, this project is very suitable as it is not far from the city, with convenient transportation options, both private and public. Additionally, high-speed internet is available, along with housekeeping services, and since the project is designed with Japanese functionality in mind, there is a Japanese agent service to find tenants for investors.

KnightsBridge The Ocean Sriracha: All views, all floors at the same price of 3.49 million baht* Guarantee of maximum returns of 5% for a full 5 years!!*
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On October 19th, only one day!! “INVESTMENT D-DAY” the last opportunity before the project closes.
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KnightsBridge The Ocean Sriracha, a luxurious condominium in Sriracha, "Little Osaka Thailand", with mountain views in front and sea views behind.
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The last opportunity for real estate investors with high returns and no risk, with a condominium that represents the pinnacle of luxury in the economic center, equipped with a variety of top-notch facilities that meet Japanese living standards.
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Book today with Origin, guaranteeing rental income of 5% for a full 5 years!! Enjoy full returns from both rental income and capital gains from the government's EEC policy. Guaranteed value, full promotion, worth 3 times.
• Low investment, long-term returns higher than monthly mortgage rates, up to 41,500 baht/month.*
• Free decoration package for rental units at hotel service level with up to 84 items.*
• Free all transfer fees.
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Choose to invest today with KnightsBridge The Ocean Sriracha, with hotel service on demand. Call 061 419 0999.
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Click to experience the mountain view https://bit.ly/2VigPbJ


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