The Amarin unveils its latest project, 'Aroon Siriraj Triple Station,' a premium condominium located in the Siriraj area, showcasing its unique advantage of triple convenience with three nearby BTS stations. It offers three superior living experiences: 'Luxury, Privacy, Greenery.' The timeless luxury design ensures privacy and security in a naturally serene environment, confident in receiving positive feedback due to the potential of the Siriraj area, a golden location both now and in the future, becoming a national Medical Hub. According to CBRE Thailand, the Siriraj area is a prime investment location for rental condos, offering a return of 5-6% per year.

Mr. Arta Wut Thamjaroen, Managing Director of The Amarin Co., Ltd., a real estate developer under the Aroon brand, revealed details about the new project 'Aroon Siriraj Triple Station' (AROON Siriraj Triple Station), a low-rise condominium with 8 floors, comprising 170 units valued at 800 million baht on over 1 rai of land on Charansanitwong 32 Road, just 120 meters from the MRT Blue Line Bang Khun Non Station, near Siriraj Hospital and various amenities such as shopping malls and universities.

Distinctive with Triple Convenience from Three BTS Stations

After the success of its previous two projects, Aroon Siriraj Triple Station marks the company's third development in the vicinity of Siriraj Hospital. 'Aroon Siriraj Triple Station' is not only close to Siriraj Hospital but is also surrounded by three BTS stations: the MRT Blue Line Bang Khun Non Station, just 120 meters away, and two future stations, the MRT Orange Line and the SRT Light Red Line, which will connect to Siriraj Hospital and Siriraj Piyamaharajkarun Hospital with just one stop,' Mr. Arta pointed out the project's location advantages.

Distinctive with Living Experience

Mr. Arta further revealed that 'Aroon Siriraj Triple Station' has been meticulously designed with attention to every detail to provide a unique living experience filled with happiness for residents. 'In addition to the location's convenience for transportation, the comfort of living is another aspect we prioritize. We draw inspiration from the harmony with nature, tranquility, privacy, and sustainability, leading to the three best living experiences:

1. Luxury - Timeless design with architecture, modernity, and material selection focused on quality and beauty.

2. Privacy - Maximum privacy with only 170 units, reducing congestion and considering residents who desire high privacy.

3. Greenery - Green spaces that bring residents closer to nature, with lower units designed to connect to gardens, and amenities tailored to the lifestyle and needs of residents.

Additionally, the project caters to all living needs with three room types available: 1-bedroom units ranging from 28-43.2 square meters starting at 4.5 million baht, 2-bedroom units from 48.1-66.6 square meters starting at 6.9 million baht, and 3-bedroom units from 101.7-103.8 square meters starting at 15.1 million baht. The project allocates parking space for up to 47% of units, with 24-hour security and a Benz Vito shuttle service between the project, Siriraj Hospital, and a premium supermarket. Other complete amenities include a 6-meter high welcoming lobby that feels spacious and airy with natural light, a gym with external views, a co-kitchen area designed for both dining and mini bar setups for gatherings with a private chef, a co-working space with clearly defined private and public meeting areas, and a rooftop swimming pool with lockers and Moonlight Seats, enhancing relaxation while enjoying panoramic views,' the Managing Director of The Amarin revealed.

Siriraj: The Future Location

Mr. Arta noted that as a local, he sees the continuous growth potential of the area from the past to the present, and in the future, this area will become a Medical District, with Siriraj Hospital planning to develop a 15-story medical building connected to Siriraj Station, which is part of the Faculty of Medicine at Siriraj, with connections to the Orange and Light Red MRT lines, as well as being the first health and public transport hub in Thailand. Siriraj Hospital has made agreements with the State Railway of Thailand (SRT) and the Mass Rapid Transit Authority of Thailand (MRTA) to jointly develop this project, along with plans to develop SRT land near Siriraj Hospital, such as renovating over 50-60-year-old staff accommodation buildings and developing commercial areas along the connecting paths, such as pedestrian streets, thus enhancing the standard of the area and increasing the number of people using and residing in the area.

Mr. Arta added that currently, land around Siriraj Hospital is considered difficult to develop due to landowners not planning to sell, with most being long-term residents of over 30-60 years and owning small plots. To purchase land for development, multiple plots must be acquired, creating limitations for development. Additionally, the area around Rattanakosin Island is a conservation area where buildings cannot exceed 5 stories. Therefore, project development must expand outward, but there are still challenges as most land is owned by the railway, which cannot be bought for development. Thus, developing Aroon Siriraj Triple Station on over 1 rai of land is a rare opportunity, truly an Exclusive Location.

The Aroon Siriraj Triple Station project continues to target actual residents, particularly medical professionals, nurses, hospital staff, and parents with children studying at Siriraj Hospital's Faculty of Medicine, Mahidol University, and nearby universities, as well as investors buying for speculation and rental purposes. It is believed that the Aroon Siriraj Triple Station project will receive a positive response similar to previous projects, which sold 80% within 3 months, as the company continues to develop under the concept of providing quality, value, and price, making it a valuable asset for the future.

Ms. Atitaya Kasemlawan, Head of Residential Project Sales at CBRE Thailand, stated that the overall condominium market in the midtown/suburban area, which is densely populated, has over 751,987 completed units and 100,163 units under construction in the first half of 2024, with an average sales rate of 63.1%. In the Siriraj area, which is considered a golden location now and in the future, there are only 4,197 units available, with projects near BTS stations within a 1-kilometer radius having an average sales rate of 81%, while those further than 1 kilometer have an average sales rate of only 64%, indicating that proximity to the BTS is one of the top factors in choosing a residence.

Moreover, there are significant supporting factors such as being a large employment source for over 17,000 medical personnel, a leading educational hub with Siriraj Hospital's Faculty of Medicine, Mahidol University, Thammasat University (Tha Phra Chan), and Silpakorn University, totaling over 8,000 students, as well as over 12,000 patients visiting Siriraj Hospital daily, not including the current population of over 100,000 residents in the Bangkok Noi area, creating a high and continuous demand for housing in the area. Additionally, insights from medical personnel indicate that projects near hospitals, close to BTS, with 24-hour common areas and shuttle services to the hospital, along with fewer units and high privacy, are crucial factors in choosing a residence, which the Aroon Siriraj Triple Station project meets all these requirements.

In the future, the Siriraj area will see the development of significant mega-projects, including becoming a transportation hub with the development of the Light Red and Orange MRT lines (future extensions expected to open in 2028 and 2029, respectively) connecting to the currently operational MRT Blue Line Bang Khun Non Station, becoming a junction for three BTS lines, making travel between the Siriraj area and other parts of Bangkok much more convenient. In the future, traveling to the city center like Siam via the Orange Line will be much quicker, taking no more than 20 minutes or just 7 stations away, with passengers having various travel options, including roads, BTS, trains, or boats.

With the positive factors of the area, which will be developed in various aspects, whether as a medical city, transportation system improvements, and commercial area developments by the railway, the Siriraj area is a golden location now and in the future, attracting interest from many investors and real estate developers. However, launching residential projects is quite challenging due to the scarcity and high price of land, along with development limitations and legal constraints, leading to a good response when condominium projects are launched for sale, as there is demand from both actual residents and investors buying for speculation or rental purposes, yielding an average rental return of 5-6% per year. The project will have a pre-sale event at the sales office located on Sutthawas Road on November 2-3, 2024, with Early Bird prices starting at just 4.5 million baht for 1-bedroom units, fully furnished,' Ms. Atitaya concluded.