Siamese Asset Public Company Limited (“Siamese Asset”) is a local Thai developer that is listed on the Stock Exchange of Thailand. In 2019, it was awarded the Best Developer award at the PropertyGuru Thailand Property Awards.

 

Siamese Asset has a development in the Rama 9 area. The development is Cassia Residences Rama 9 Bangkok. It is located along the Orange Line MRT line.

 

 

It is located approximately 350 meters from MRTA station. MRTA station is an MRT station along the Orange Line. The Orange Line is a new MRT line and part of Bangkok’s expansion of its rail network. MRTA station is one station away from Thailand Cultural Center MRT Station which is along the Blue MRT line. The Blue MRT line is the metro line that has been around for a very long time. It is the one where tourists are familiar with. It links to Sukhumvit MRT Station which is located next to Terminal 21 Shopping Centre. Thailand Cultural Centre MRT Station is the interchange between the Blue and Orange MRT Lines. The Chinese Embassy and Stock Exchange of Thailand is located here.

 

In general, Cassia Residences Rama 9 Bangkok is close to these landmarks.

 

 

The demand for rental units should be very strong as there is a huge catchment area of tenants.

 

 

 

Cassia Residences Rama 9 Bangkok is in collaboration with the Banyan Group which will be running the development as a hotel/ serviced residence.

 

 

Here is the factsheet of Cassia Residences Rama 9 Bangkok.

 

This is how the building will be broken into residential and hotel zones.

 

Here are some mock-ups of the common areas.

 

The unique aspect of this development is that Banyan Group will manage it. Here are some of the exclusive services that will be available to residents at Cassia Residences Rama 9 Bangkok.

 

Here are some mock-ups of the units.

 

There is a rental guarantee scheme available for Cassia Residences Rama 9 Bangkok in collaboration with Banyan Group.

 

The rental program is exclusive to the units on the 10th and 11th floor.

 

There will be a guaranteed return of 5% for 5 years. For the first 15 years of the life of the development, the property will be managed by the hotel (i.e., Banyan Group). After 15 years, the owner can choose to take back the units for their own personal use or they can extend this lease by another 15 years.

 

The 1st 5 years will see owners getting a guaranteed return of 5% per annum. This effectively works out to 25% of the purchase price. For years 6-15, the units will be rented out by the hotel/ management. The owners will receive 90% of the profits.

 

There are also complimentary stays of 30 nights per year.

 

 

If you are looking for a condominium with steady returns, you may consider Cassia Residences Rama 9 Bangkok. The scheme looks attractive for investors who want security. This development is close to the Orange MRT Line which is still under construction and will be completed and operational around 2028. The line is already confirmed and construction is ongoing. In future, in about 3-4 years’ time, it will be about 350 meters to an MRT station in the heart of Bangkok.

 

If you want the price list for the available units, do contact the IBP Real Estate Sales Team:

 

Eddie Yii +66 89 530 5433 (WhatsApp or Call)

Willie Tan +66 63 416 7113 (WhatsApp or Call)

Wilber Suen +66 63 412 7570 (WhatsApp or Call)

 

Yours sincerely,

The editorial team at InvestBangkokProperty.com