15 Sukhumvit Residences is a condominium project, developed by Crown Development,…
Life Asoke is a new development by AP Thailand. The project development will be completed in early 2021. The project consists of a total of 1,642 units spread within 35 levels in 1 building. The project offers also offers excellent facilities for its residents.
The project is just right beside Airport Link Makkasan and also MRT Petchaburi, it is only one station away from Central Rama 9, and Terminal 21, aside from this traveling to Suvarnabhumi International Airport will take less than 25 mins, without any traffic condition in a busy district. Rama 9 district has evolved to a New Central Business District “CBD” of Bangkok. Since late 2010 the location has attracted numerous investors or Multi-National Companies “MNC” to relocated their office to this district due to its convenience and nearby productive amenities.
In the next few years down the road, we will foresee Rama 9 will still be one of the top choice areas for investors and companies. Furthermore, there will be an Orange MRT Line coming up in late 2023. it will offer more convenience and boost higher demand within the area. The current construction progress is at sixty-four percent.
The owner bought it for 4.5 million baht (150,000/sqm); however, due to the uncertainty of the overall economy, the owner wishes to sell off this at cost. This would be a great deal for any potential investor. The authorities have valued the properties nearby on an average of 180,000 per sqm. Currently, the owner has made a total down payment of 1.4 million baht. There is a balance of 3.2 million baht to be paid to the developer in early 2021.
Bangkok has been experiencing an average gross rental yield between 4-8 percent per annum before the COVID19 pandemic. In the current situation, we still do see a demand for rental units within the area.
This is a hot deal not to be miss, contact us today for more information and discussion.