28 Chidlom: The Only Condo in the Chidlom Area That Creates Timeless Value

Jul 14, 2022 | view 45,571

If you are looking for a condominium that encompasses all factors of 'livability' and 'investment potential', in terms of design (Design factor), project quality (Physical factor), and location (Location), we believe that 28 Chidlom can meet these criteria exceptionally well, especially regarding the location factor, which is an intrinsic value of the project that cannot be replaced.

28 Chidlom in the World Class Destination of Bangkok

When categorizing the characteristics of the CBD in Bangkok, it can be divided into the CBD of work areas such as Silom, Sathorn, and Asoke, the CBD of lifestyle and residential areas such as Sukhumvit and Thonglor, and the CBD of lifestyle and work areas such as Ploenchit, Chidlom, and Witthayu, where 28 Chidlom is located.

Why does TERRABKK say that being in the CBD of lifestyle and work areas in Chidlom can meet the criteria of being a Rare Item and Prime Area? This is because the Chidlom - Phloenchit area is surrounded by shopping centers, office buildings, hotels, and many important places that attract quality demand and have seen high land price growth, including:

Leading shopping centers

The shopping centers located in Chidlom are all high-end centers, starting from the establishment of Central Chidlom, the first flagship store of Central in 1974, and it remains a flagship shopping destination today, including Central World, Gaysorn Village, Central Embassy, and Central Embassy Phase 2.

Leading office buildings

Chidlom is a central business district with several Grade A office buildings, home to many international companies with high-quality demand, including The Office at Central World, Vanissa Building, All Seasons Place, One City Center, and office buildings that have pushed the rental rates to the highest in Bangkok, such as Park Ventures and Gaysorn Tower.

Leading hotels

As a hub for both work and lifestyle, luxury hotels have emerged to meet the needs of business travelers and tourists, all of which are five-star hotels, including Grand Hyatt Erawan, Renaissance, Rosewood Bangkok, Novotel Bangkok Ploenchit, Oriental Residence Bangkok, Hotel Indigo The Bangkok, The Athenee Hotel, The Okura Prestige, InterContinental Bangkok, and Park Hyatt Bangkok.

Several important locations

Chidlom - Ploenchit - Witthayu is also close to several educational institutions and embassies, which enhance the location's value, including Mater Dei School, Mulberry House International Pre-School, the US Embassy, the New Zealand Embassy, and many others, including BDMS Wellness Clinic, a world-class wellness center.

'Chidlom' - The Area with the Most Expensive and Rapidly Growing Land Value

The Super Prime Area status of 28 Chidlom is further emphasized by the actual land sale prices in the market, which set a New High record for the highest land price in 2015 at 1.9 million baht per square wah.

Two years later, the record for the highest land sale price returned to Chidlom again, with a sale price of 2.2 million baht per square wah from the sale of the British Embassy land by the Central Group, and 3.1 million baht per square wah for the land that has now developed into the Scope Langsuan project, before breaking the New High land sale price record again in 2020, which was a plot of land on Sarasin Road, selling for 3.9 million baht per square wah.

The continuously breaking New High land sale prices in this area reflect the consensus on the potential of the location as a Super Prime Area and a Super Luxury Residential District, which will be an intrinsic value of the project forever.

28 Chidlom: A Rare Item Condo on Chidlom Road

Given that Chidlom is the CBD of lifestyle and work, this area is filled with businesses and leading shopping centers, making vacant land in this zone quite rare. The development of condos on Chidlom Road is limited, with most projects completed over 13 years ago and sold out. 28 Chidlom is thus the only Rare Item condo still available on Chidlom Road, with current selling prices starting at 290,000 baht per square meter, while resale prices for sold-out projects range from 175,000 to 270,000 baht per square meter. Capital Gain has increased by an average of 3%-5% per year, depending on the room size, which is not an overwhelming figure but is still quite good.

With limited land available, it will be challenging to see new condos entering the market. The supply of condos in this area is gradually decreasing, and in the future, condo selling prices will likely rise. The opportunity to own a condo in this area will become even scarcer. Therefore, for anyone looking to own a condo on Chidlom Road, whether for personal residence, as an investment, or for future resale, 28 Chidlom is currently the best option in this location.

As for rental returns in the Chidlom area, the average Rental Yield is 4%-6.4% per year, which is quite a good return. The average rental rates range from 530 to 980 baht per square meter per month, depending on the size and type of room. Studio rooms rent for 20,000-25,000 baht per month, 1 Bedroom units average 25,000-57,000 baht per month, 2 Bedroom units average 44,000-80,000 baht per month, and 3 Bedroom units rent for 70,000-165,000 baht per month.

The majority of tenants in this area are business professionals and expatriates with high purchasing power. Foreigners who prefer to rent in this area are mainly Europeans and Americans, as this location is close to important job centers and is a hub for world-class lifestyle, as well as being adjacent to the main BTS line and having numerous amenities to support the lifestyle of these tenants.

28 Chidlom with Unique Design for Residents to Experience Elevated Living

28 Chidlom is a condominium project in the Limited Luxury Collection by SC ASSET, located on The Rarest Location, the last piece of land on Chidlom Road. The project spans 3-0-24 rai and consists of 2 buildings: the front building is The Villa, 20 stories high, and the back building is The Tower, 47 stories high, with a total of 425 units across both buildings. The standout feature of 28 Chidlom is its unique building design, featuring a facade designed under the concept of "Jewel-box," creating a dimensional appearance by arranging rectangular shapes and emphasizing large windows to enhance luxury and provide residents with stunning city views.

28 Chidlom is a masterpiece design by SC ASSET, designed by the world-renowned architectural firm Kohn Pedersen Fox (KPF) from New York, USA, as design consultants, in collaboration with Design 103 International, the project's main architect, and TROP, a leading landscape architecture firm with globally recognized work. This collaboration has resulted in a beautiful and distinctive project worthy of being a Limited Luxury Collection Condominium.

The landscape is designed under the concept of "An Urban Oasis", emphasizing green spaces, with large green areas covering 2/3 of the ground floor. The design also connects outdoor and indoor green spaces (A Series of Courtyards), seamlessly integrating nature with residents.

The Villa offers various room types ranging from 37-75.38 sq.m., selling fully fitted units that provide complete functionality and premium materials reflecting the residents' identity. The units feature wide fronts with well-defined living spaces, maximizing the use of every square meter. Each layout includes an open kitchen that does not emphasize heavy cooking, allowing for a spacious living area, while the balcony size is reduced to increase usable space within the unit.

The Tower also maintains well-defined living spaces, but the room layouts in this building feature deeper units, with 1-bedroom units uniquely designed with Bay Windows in the living area, making the rooms feel airy and open to more views.

You can now own 28 Chidlom, a Super Luxury condo in a Super Prime location, starting from 10.9 million baht for a 1-bedroom unit* with free furniture and all fees waived*. A guaranteed return of 5%* for 2 years* is also included.

*Conditions apply as specified by the company.