by kevinyeo | Dec 7, 2017 | Project Reviews & Site Visits
Ideo Mobi is a flagship series by top Thai developer Ananda Development and Ideo Mobi Rama 4 is the latest installment in the series.
One of the major attraction to this development will be the fact that it is right next to Khlong Toei MRT Station. There are also no high rise buildings in the vicinity. High floor units will be able to get the very nice view of Benjakiti Park and Chao Phraya River.
The Location
Ananda Development prides themselves as the leader in building condominiums that have easy access to Bangkok’s mass transit system. With location being a major reason why investors would consider Ideo Mobi Rama 4, let us study this in detail.
Key Highlights
- 0 Meters to Khlong Toei MRT
- Located in between 2 CBDs (Asoke and Silom-Sathorn)
- 30 Meters to Srirat Expressway
- Surrounded by well-known office buildings, schools, university, hospital, shopping centre, embassies
- Surrounded by green lungs such as Lumpini Park and Benjakiti Park (future extension)
- Near to upcoming mega development One Bangkok, Dusit Thani and more
Lumpini Park – Bangkok’s answer to New York’s Central Park
Benjakiti Park
One Bangkok – The USD 3.5B Development Set To Rule Bangkok
Silom-Sathorn (Bangkok’s CBD)
Queen Sirikit National Convention Centre (QSNCC)
Artbox at QSNCC
Terminal 21 Mall at Asoke Station
EM District – World Class Shopping Destination
Chulalongkorn Hospital – one of the leading institutions of medical studies, research and personnel development in Thailand
From Khlong Toei MRT
- 1 Stop to Queen Sikrit National Convention Centre
- 1 Stop to Lumphini Park
- 2 Stops to Asoke (Interchange to BTS to major shopping spots)
- 2 Stops to Silom – Sathorn (Bangkok CBD)
- 3 Stops of Petchaburi (Interchange to Airport Rail)
- 3 Stops to EM District / Thonglor – Ekamai
- 4 Stops to Phra Ram 9 / Rama 9 (Bangkok’s new CBD)
The View
With low lying developments all around, you will get to enjoy breath-taking unblock views as such.
The Project Fact Sheet
Conclusion
As mentioned earlier, the major plus point is the fact that Ideo Mobi Rama 4 will be connected directly to Khlong Toei MRT. Rain or shine, you will be able to reach your destination.
Located along Rama 4 Road, this is an area that is starting to gain a lot of attention from developers and investors. Things are certainly happening that will contribute to the gain in land prices.
To put things in perspective, you have got to be aware that while I have mentioned the accessibility of all the nearby amenities, the immediate vicinity around Khlong Toei MRT is still relatively undeveloped. In order to get to all the amenities, you would have to take the MRT or car. For some, it may not be the best place to stay at the moment.
Hopefully, that could all change in the near future.
As for the price point, I understand that Ideo Mobi Rama 4 averages from about THB 220,000 to THB 260,000 per square meter. Naturally, people will tend to compare this with those of central Bangkok where prices are already going at THB 300,00 per square meter.
However, strictly speaking, this is probably the first project of such scale around Khlong Toei MRT and there are no direct comparables.
Investors of Ideo Mobi Rama 4 will be hoping that the higher prices in core CBD will translate to price gains in nearby properties downstream.
Sales have begun and prices start 5.99MB*
To find out more, you may visit the Ideo Mobi Rama 4 official developer sales website to download the brochure, floor plans, and pricing.
by kevinyeo | Dec 4, 2017 | Bangkok Property Market Updates, Developer Watch, Infrastructure & Urban Development
Ananda Development PCL has opened a new condominium project next to the Khlong Toei MRT station featuring a solar-powered fresh-air system and 4D hologram model presentation.
Pre-sales for the Ideo Mobi condominium start on December 2, with entry prices at THB 5.99 million per unit.
Chanont Ruangkrittiya, president, and CEO of Anana Development PCL, said the Rama 4 area is gaining popularity as it is located between Asoke and Silom commercial districts.
He said 89 percent of condominiums located within 500 meters of the MRT (for the period 2012 to the first half of 2017) have been sold. Prices average approximately THB 200,000 per square meter.
“Each year the value rises as much as 7 percent and the average distance from the MRT station is 350 meters. Ideo Mobi is the only project that is located at the station,” he said. “It is also close to the expressway entrance.”
The most popular condominium venues are located from Khlong Toei to Sala Daeng junction, he said.
Ideo Mobi Rama 4 is a 36-story high-rise condominium with 486 units.
Click here for more information on Ideo Mobi Rama 4
by kevinyeo | Dec 4, 2017 | Bangkok Property Market Updates, Investment Analysis
DDproperty, an online real-estate portal, launched the Property Index for Thailand for the third quarter of 2017.
The DDproperty Property Index (for Bangkok prices) reached 199, a 5-percent increase from the second quarter, highlighting the ongoing growth in the market since the start of the year.
The modest growth is further proof that the property market is gradually recovering from the Kingdom’s economic slowdown and weaker purchasing power in the mid- to low-end segments caused by rising household debt, said Kamolpat Swaengkit, country manager for DDproperty, which each month helps more than 3 million Thais in their search for a home.
“We’re cautiously optimistic about the Thai property market and believe there are opportunities for sellers, but particularly for buyers given rising supply levels and the low-interest rate environment which is expected to persist for some time,” Kamolpat said.
The index tracking residential prices increased 13 percent year-on-year during the third quarter, bringing growth over the past two years to a remarkable 53 percent, he added.
Condominiums continue to command the most attention from home-buyers, with the condo price index hitting 219 in the third quarter, continuing an upward trend from the previous three months.
by kevinyeo | Dec 4, 2017 | Bangkok Property Market Updates
Facility-management agency Plus Property has opened a fourth “Plus Shop”, its second in Bangkok, where customers can arrange purchases, resales and leasing of both new and existing projects.
The new outlet – open daily in front of condo the Line Chatuchak-Mochit, convenient for BTS and MRT commuters – has rooms there ready to view and sample units for other newly launched projects on display.
Managing director Anukul Ratpitaksanti said this week the Plus Shops keep an inventory of units for sale and for rent within condominiums such as Onyx Phahonyothin, the Verticle Ari, the Line Ratchathewi, Ideo Q Siam-Ratchathewi, Rhythm Rang Nam and Noble Reform.
There are other Plus Shops handling sales and rentals for Plus clients in Hua Hin, Phuket and at the T77 project in Bangkok’s On Nut area.
The new shop has received more passer-by traffic than expected owing to its location adjacent to the Skytrain and MRT lines. The vicinity also features office towers hosting major companies, shopping malls, parks and Chatuchak Market.
The company’s research has determined that the resale market for condominiums continues to be attractive, due to significantly lower prices compared to those of newly launched projects in the same locales.
The average price in the resale market is 26-44 percent lower compared to that of units in newly launched condominiums. Compared to projects selling over the past five years, the price for resale units is 33 percent lower.
The riverside area boasts the greatest difference between resale and new-unit prices at 44 percent. The price difference stands at 26 percent for central business districts such as Ploenchit, Chitlom and Asok.
In the Phrom Phong and Thong Lor zones, the difference stands at 28 percent. The difference is 26 percent for the Silom and Sathorn district, 32 percent for the Rama IX and Thailand Cultural Centre areas, 38 percent for Ratchathewi and Phayathai, 32 percent for Sanam Pao and Morchit and 30 percent for Phra Khanong and On Nut.
Generally, condominiums within this resale market are well maintained and little different from new projects. Although materials and design may differ somewhat, the lower pricing and identically attractive locations have generated a warm response from buyers. Some are influenced by the fact that no more new projects are being developed in certain locales.
Plus Shops afford consumers not only client-tailored housing consultation but also guided visits to sample rooms and the development projects themselves.
Visitors are informed of promotional deals offered by other residential projects in attractive locations.
“The launch of Plus Shops heeds one of Plus’s policies – placing importance on client-centered approaches,” Anukul said. “We have continually used client-centered tactics to provide better-than-expected experiences for the customer.
“Clients will feel the professionalism we possess as a full-service property and facility management agency with premium service that adds future value to residences.”
