Buying a Condo = Buying a Prime Location: ASHTON ASOKE in the Heart of Asoke

         Owning a large house with a green lawn in front, surrounded by family and a refreshing neighborhood, is a dream many middle-aged individuals aspire to. These images of a perfect home are often what they long for.

            But believe it or not, some who have already achieved these dreams still choose to buy a second home in the city center. The reason is that 'location' increases in value over time. Therefore, purchasing a home in the city center is an investment in a precious location for the future.

Modern individuals prefer a lifestyle in the city center.

            Facing the problem of long commutes from distant workplaces makes the dream of a large house in the suburbs less appealing. Coupled with the lack of amenities and lifestyle options compared to the city center, and the Job Housing Balance imbalance, many are beginning to seek a second home in the city center for a less hectic lifestyle.

            The trend of buying a second home in the city center is becoming more common among modern individuals who value a balanced lifestyle of 'Work hard, Play hard.' They dedicate themselves fully during work hours and unwind completely during their free time.

            According to a report from The Suburb of the Future, Almost Here by Times, modern individuals understand the benefits of a peaceful environment and a good quality of life in suburban areas. However, they still own properties in the city center for the convenience of living and engaging in all aspects of daily life.

Reasons to Own a Second Home in the City Center

            The main points that lead many to decide on a home in the city center are:

1. Location: Finding land in the city center is becoming increasingly difficult as urban development has nearly exhausted available land. This scarcity makes city center land a Rare item, making ownership of property in the city center a significant asset in Thailand.

2. City center homes are convenient for work life. Most job opportunities are concentrated in the CBD area, particularly in Asoke, which is a key employment hub with a high density of large office buildings, offering over 500,000 square meters of office space. More than 100 well-known companies, including GMM Grammy, Kiatnakin Bank, Citibank, and Starbucks Thailand (headquarters), are located here, making city center living truly convenient for work.

3. Living in the city center provides better and more comprehensive facilities than suburban areas. The city center is home to leading lifestyle hubs with shopping malls and various entertainment venues, such as Terminal21, Central Embassy, The Em District, Central World, and Gaysorn Village. Additionally, there is a large green space, Benjakitti Park, the only forest park in the heart of Bangkok, covering over 320 rai, making the city center ideal for both work and relaxation.

Statistics on Commuting Costs

            Research from Unlocking Cities: The impact of ridesharing in Southeast Asia and Beyond by The Boston Consulting Group (2017) indicates that in Bangkok, there were 5.8 million vehicles in use in 2017, representing 160% of the ideal number of cars on the road. Additionally, Bangkok residents spend an average of 72 minutes daily dealing with traffic congestion and another 24 minutes finding parking. This totals at least 1.5 hours per day or 24 days per year lost to commuting issues. If we calculate the economic cost of this lost time, car users in Bangkok lose an average of 157,000 baht per person annually. The Asian Development Bank (ADB) also supports this view, stating that opportunity costs account for 2.5% of GDP in the ASEAN region.

            Conversely, purchasing a home in the city center not only buys time and convenience but also prevents the economic costs associated with long commutes from the suburbs.

ASHTON ASOKE: The Answer to a Better Life with a City Center Home

            Since the most valuable thing in your daily life is time, having a home that gives you back time is more than just happiness; it’s an investment in life. This is just a glimpse of the answer to a better life that ASHTON ASOKE offers you.

(Project image of ASHTON ASOKE)

Start with Perfect Happiness

            If the beginning of happiness is an increase in time, creating opportunities in life, opportunities to spend time with loved ones, opportunities to engage in favorite activities, and opportunities for a better quality of life, then the ASHTON ASOKE project is the starting point of that happiness, as it is located in a place that makes all opportunities possible.

ASHTON ASOKE: The Most Convenient Location in the Heart of Bangkok

            ASHTON ASOKE is just 20 meters away from the BTS station, and the Asoke area is the most important interchange in the Extend-CBD area. Even though Bangkok has 10 BTS lines, none can compare to the BTS Green Line and MRT Blue Line.

• BTS Green Line Radial Line - This line connects northern Bangkok to southern Bangkok and was built first due to its passage through the most business centers in the city, carrying the highest number of passengers, with 49,275,000 passengers annually.
• MRT Blue Line Ring Line - This circular route runs around the city area and connects with the Radial Line, allowing travel from one side of the city to the other without facing heavy traffic in the city center. The Sukhumvit station alone serves 35,066,050 passengers annually.

ASHTON ASOKE: Offering Elevated Relaxation

            The stunning black high-rise building in the heart of Asoke not only provides a premium image for residents but also offers tranquility, peace, and privacy even in the city center. With 783 units and 371 parking spaces, the project is equipped with amenities that allow you to experience a new standard of urban living.

(Project image of ASHTON ASOKE)

            On the 35th floor of the ASHTON ASOKE project, elevated happiness awaits you, with a steam room, sauna, fitness center, and a large swimming pool offering city views. You can also socialize in the social club and library, immersing yourself in a superior community filled with pride.

(Common area image of ASHTON ASOKE)

Investment Opportunities in the ASOKE Area

Owning a residence in the city center, particularly in the Asoke area, not only provides convenience and more time for life but also offers satisfactory investment returns. The Asoke area has seen continuous growth in presale prices, from approximately 150,000 baht/sq.m in 2013 to 200,000 baht/sq.m in 2020.

Additionally, holding a condominium in the Asoke area can yield an average capital gain of 4%-7% per year, with average resale prices ranging from 100,000-250,000 baht/sq.m.

Moreover, renting out condominiums in the area can generate an average rental yield of 3-6% per year, with average rental rates of 400-800 baht/sq.m/month (depending on room size and amenities).

A Great Opportunity for City Center Living

         It is worth noting that this is a special time to purchase real estate, as in May 2020, most banks reduced their floating interest rates (MLR and MRR) by 0.25% - 0.40%, resulting in lower mortgage rates.

ASHTON ASOKE is a condominium that offers happiness and pride in living, ready for you to own this elevated privilege with a special promotion at a price of 6.99, along with a free furniture package and free transfer fees (limited quantity).

If you are interested in the project, click - https://anan.ly/Terra