TERRABKK has defined the concept of Rare Location based on three main factors: a central city location with limited land for development, making new projects noteworthy; a central city location surrounded by top-tier amenities; and a riverside location along the Chao Phraya River with unobstructed future views.

The Ratburana area fits the Rare Location criteria in the third aspect, as Ratburana Road runs parallel to the Chao Phraya River. This area is a traditional residential community that is peaceful yet conveniently accessible to the CBD areas of Silom and Sathorn, and it has not seen new projects launched for a long time.

 

Differences Between Riverfront and Riverview Condominiums

When discussing condominiums along the Chao Phraya River, they can be categorized into two types: Riverfront condominiums, which are directly on the riverbank, and Riverview condominiums, which do not have direct river access but offer river views from higher floors. Naturally, the pricing for both types differs. River view condominiums are more common, and since the views are limited, their prices are generally lower than Riverfront condos, which are often luxury projects near the CBD, starting from 15-30 million baht. If a project is affordably priced, it tends to generate significant interest, becoming a Rare Item.

 

Exploring the Character of Riverfront/Riverview Condos in Four Zones

Given that Chao Phraya riverside condominiums are a Rare Item that allows residents to enjoy river views that cannot be found elsewhere, combined with the decreasing availability of riverside land, the future value of riverside properties is only expected to increase. Thus, riverside condos are highly sought after, especially if they are affordably priced for personal residence or investment.

When categorizing riverside condos by location and price level, they can be divided into four zones, each with distinct characteristics and price ranges:

1. Nonthaburi - Sanambinnam

Being located further from the city in Nonthaburi, this area still has several Riverfront condos available due to the larger riverside land being relatively easy to find. The prices for both Riverfront and Riverview condos in this area are therefore quite accessible. Condos in this area are typically mass market, with both high-rise and low-rise options. The current average selling price is between 60,000-90,000 baht per square meter. Residents here are usually those working in Nonthaburi or in the CBD, primarily using boat transport.

2. Charan Sanitwong - Bang Pho

Moving closer to the city, the Charan Sanitwong - Bang Pho area primarily consists of government agency properties along the riverside, making Riverfront condos quite rare, with only two projects available that have already sold out. This area mainly features Riverview condos. The current average selling price for condos here is between 90,000-110,000 baht per square meter. Due to its proximity to the city and the main blue MRT line passing through, this area continues to see new condo supply.

3. Charoen Krung - Charoen Nakhon

This zone is a prime location along the Chao Phraya River and has the highest prices among the four riverside zones. Being the closest to the city allows for quick access to the CBD areas of Silom and Sathorn. Additionally, it is an old town area with unique characteristics, home to several luxury 4-5 star hotels and numerous shopping centers. Most projects in this area are luxury Riverfront condos, with current average selling prices ranging from 130,000-450,000 baht per square meter. Due to the high price level, condos here cater to high-income buyers looking for personal residences or investors renting to foreigners.

4. Rama 3 - Ratburana

This area blends traditional residential communities with urban development. The emergence of business centers, office buildings, bank headquarters, and shopping centers, along with convenient transportation, allows for quick access to the CBD areas of Silom and Sathorn, making Rama 3 - Ratburana a highly convenient location for city workers. Although condos in this area rank second in price after Charoen Krung - Charoen Nakhon, they remain accessible. The current average selling price is between 77,000-120,000 baht per square meter. Most projects still available for sale are Riverview condos.

 

Investment Potential of Riverfront Condos in Rama 3 - Ratburana

The condominium market in the Rama 3 - Ratburana area has limited supply, with only five projects currently available for sale, of which over 75% have already been absorbed. The current average selling price is approximately 77,000-120,000 baht per square meter. Most of the available projects are Riverview condos, with only one Riverfront project remaining, and the supply is dwindling. However, a new Riverfront condo project, NUE RIVEREST RATBURANA from Noble Development, is set to invigorate this location. Every unit will be fully furnished and feature wide layouts with river views from all rooms, as well as city and Bang Kachao views.Starting at just 1.79 million baht*, with an average project price of around 90,000 baht per square meter, this is a rare find for a riverside condo in this location. Given its affordable pricing, this project is ideal for those seeking personal residences, second homes for relaxation, investment properties, or long-term investments.

Regarding rental returns for condos in this area, rental prices vary by room type. Studio units (24-30 square meters) can rent for an average of 6,500-10,000 baht per month; 1-bedroom units (25-50 square meters) average 7,500-20,000 baht per month; 2-bedroom units (50-100 square meters) average 22,000-50,000 baht per month; and 3-bedroom units (100-140 square meters) rent for 40,000-70,000 baht per month. This can yield an average rental yield of 4.4% - 6% per year. Additionally, second-hand condos in this area are listed for sale at an average price of 85,000 - 180,000 baht per square meter, with the potential for capital gains averaging 3.8-6.5% per year, which is quite promising.

 

Ratburana: The New Face of Rare Location

As mentioned at the beginning of this article, the Ratburana area will no longer be overlooked. Although it has a high residential community feel and is quieter than bustling areas, it offers significant convenience for those working in the city, especially in the CBD.

Ratburana Road is a six-lane road with light traffic, making it less congested even during rush hours compared to Suk Sawat Road, the main thoroughfare. Traveling by private car is comfortable, with easy access to the Chalerm Mahanakorn Expressway leading to Rama 9 Bridge, towards Sathorn, Sukhumvit, or out to Chatuchak. In a few years, the parallel Rama 9 Bridge is under construction and expected to open around 2024, connecting the Si Rat and Chalerm Mahanakorn expressways, further easing traffic congestion. For public transport, there is currently the Ratburana Pier connecting to Taksin Station, and in the future, there will be a Purple Line MRT from Tao Poon to Ratburana, which has begun testing piles and is expected to open by late 2027. Thus, commuting in this area will not be an issue for residents.

In terms of amenities, there are several restaurants nearby, including a hypermarket like Big C Ratburana. However, the main amenities are located along Suk Sawat Road, which includes Bangpakok Hospital and Lotus Bangpakok, sufficient for a peaceful riverside lifestyle. If residents wish to visit shopping centers, they can easily travel into the city.

 

NUE RIVEREST RATBURANA: Noble's First Riverside Condo

Although details about NUE RIVEREST RATBURANA are still limited, they are enough to attract the attention of both investors and those looking to own a riverside condo. The project boasts several compelling features, particularly the beautiful views from every unit. Given the project's location, every unit will have equally stunning views. Units facing the Chao Phraya River will enjoy unobstructed river views, while those facing northwest will see the city and Rama 9 Bridge, and northeast units will have views of the Bhumibol Bridge and the expansive green lungs of Bang Kachao. Importantly, the starting price is only 1.79 million baht, making it a highly attractive selling point.

The introduction of NUE RIVEREST RATBURANA has drawn renewed attention to this location, as it marks the first time NOBLE has developed a riverside condominium at an accessible price point. It is anticipated to be a best-selling project, as Riverfront condos in central Bangkok at this price are a rare occurrence.

Certainly, entering a new location and transforming it into a Rare Location, along with Noble's first riverside condominium development, is not an ordinary endeavor. Noble is known for its distinctive lifestyle and trend-setting approach. Therefore, with the launch of NUE RIVEREST RATBURANA, Noble aims to introduce a chic riverside lifestyle through the RIVER PLAY space at the project's sales office, collaborating with three renowned brands in three lifestyle segments. These include Mr. Josh Chill & Grill, a hip bar from Ari offering BBQ and Mocktail & Cocktail menus every Friday to Sunday from 3 PM to midnight; Everyday Karmakamet, featuring fragrant products, clothing, and bags for enjoyable shopping, along with famous artists from the LOVEiS label and many partners to create a vibrant atmosphere along the riverside.

RIVER PLAY is just one project where NOBLE presents a riverside lifestyle experience. If this project is already this special, one can only imagine how remarkable a riverside condominium along the Chao Phraya River would be. For those interested in NUE RIVEREST RATBURANA, you can register to receive news and special privileges from the project at https://nobleurl.com/3rulcBq  and visit the sales office daily from 9:30 AM to 6:30 PM.