by kevinyeo | Nov 18, 2021 | Reviews
The Situation in Bangkok Property Market So Far…
New condo launches from developers have been far and few in between during the last two years due to the pandemic. Developers were more concerned about clearing out their existing stocks and if you are flushed with cash, you might have been able to pick up some good (completed) properties at a very attractive level of discount.
As of 1st November 2021, Thailand has relaxed her borders control and are now welcoming visitors from various countries.
With the ability to now travel into Thailand, we foresee that investors whom previously shelved plans to buy Bangkok property will likely be warming to the idea again.
Why Consider Investing In Ladprao – Phahonyothin?
For the past one to two years, our team have always advocated that investors should put Ladprao – Phahonyothin area on their investment radar. By its own merits, the neighbourhood has developed very nicely and is highly liveable with malls, eateries and schools. Connectivity wise, roads are expanded, and residents in the neighbourhood have access to the blue line via MRT Phahonyothin and green line via BTS Ha Yaek Lat Phrao.
And to further sweeten the deal, this is within the development region of the Bangsue Grand Station. A mega transportation infrastructure development that can only fuel further growth in the years to come.
About one and a half years ago, we were advocating another new launch by Noble Development called Noble Nue Ratchada-Ladprao. The location was a short walk to MRT Ladprao and the entry price was attractive. Sales was pretty brisk and many buyers were actually the Thai locals. The developer have since temporarily suspended sales and it could be a case of them wanting to revise the selling price upwards.
Introducing Metris District Ladprao
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Developed by Major Development, this is a reputated developer whom we have worked with for several past projects. In fact, our team mate Shawn personally invested in Metris Lad Phrao and is currently staying in the condo herself.
One of the key reason why condo developed by Major Development are so well received is because their condos are pet-friendly. In case you are not aware, over in Bangkok if you are a pet lover and owns a dog, you can only stay in condos that are pet-friendly. This has always been a headache for many foreign tenants previously as most pet-friendly condo are low-rise and not within walking distance to any train stations. However in recent years, Major Development has plugged this gap with the launch of projects such as Maru Ekkamai 2 and Metris Ladprao.
Metris District Ladprao Floor Plans
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The floor plan and unit layout are pretty regular and standard with market practice. All sizes are optimal for own stay as well as renting out.
Our Verdict
There is a gradual separation of classes in property investment. For someone looking to buying into prime location and/or luxury properties in Bangkok, this is probably not for you. You will be more suited looking at areas such as Thonglor or Ploenchit area.
If you are looking for a potential high growth region, Phahonyothin definitely has to be considered. And of all the currently available projects, Metris District Ladprao will stand out when it is completed.
The rental demand in the area is decent. The demand is not only coming from foreigners but also the locals whom are finding a good balance between quality of life and affordable rental.
As a landlord, with the entry price you are paying, you should be getting pretty decent rental yield. And in case you are still worried about how the pandemic will pan out in the coming months, this under construction project will only finished in 2024-2025.
Your max capital at risk now is 30% and hopefully in 3 years time, everything will be back to normal.
Metris District Ladprao is now collecting registration of interest and if you would like to find out more on how to grab the best possible unit, get in touch with us today!
by kevinyeo | Apr 5, 2021 | News
The government expects about two million foreign tourists, mostly Chinese and Europeans, to visit Phuket this year after the nation’s most popular resort island reopens to vaccinated visitors from July 1.
The holidaymakers may generate about 105 billion baht ($3.4 billion) in revenue in the second half, according to Vichit Prakobgosol, vice president of the Tourism Council of Thailand. It will be the first time in more than a year that the island allows visitors without the mandatory two-week quarantine.
Phuket’s plan to waive quarantine for inoculated visitors is part of a gradual reopening of the country’s borders. Tourism contributed to about one-fifth of its pre-pandemic economy; a successful reopening of Phuket to foreign visitors, who used to contribute almost 90% of the island’s tourism receipts, may pave way for other popular destinations to end movement restrictions.
China, Russia, the UK, Germany, France, Sweden and the US are likely to be the key origins for tourists to Phuket, Mr Vichit said. The Chinese, who were the biggest group of tourists to Thailand before the pandemic, are expected to return in July on chartered flights, while visitors from Europe will likely start arriving during the winter months, he said.
“It’s good that the majority of countries with high numbers of vaccinations are the main markets for Thai tourism,” Mr Vichit said on Monday. “The focus for the government should now be to finalise agreements and vaccine passports with various countries to allow visitors to return without having to quarantine.”
Phuket province has ramped up its capacity to administer as many as 12,000 doses of vaccine per day, from 400 previously, to reach its target of fully inoculating 70% of its residents before the reopening, said Thaneth Tantipiriyakij, vice president of the Phuket Tourist Association. The island will complete the rollout of 930,000 doses by June, he said.
source: https://www.bangkokpost.com/travel/2091559/chinese-seen-leading-tourist-arrivals-in-phuket-after-reopening
by kevinyeo | Apr 4, 2021 | News
The Department of Lands on Wednesday launched a smartphone application to allow people to place a booking for services and submit documents prior to visiting the department’s offices nationwide.
The app, e-QLands, is part of the Interior Ministry’s push to implement the government’s policy to digitalise its public administration work and introduce a “client-centric approach” to public services, said Interior Minister Anupong Paojinda.
The app will improve convenience for those who will have to visit a land office, as reserving a place in a queue can now be done with just a few taps on a smartphone screen, he said.
Each year more than 13 million requests for services are handled by land offices, said Deputy Interior Minister Niphon Bunyamanee.
Visitors will know what time they should arrive for their appointments, which will help the department manage crowds and minimise the risk of Covid infection, he said.
The app will also provide a new means for visitors to contact land office officials ahead of their visits to the office, said Nisit Jansomwong, director-general of the Department of Lands.
Visitors can electronically submit documents they would normally have to bring with them, he said.
by kevinyeo | Nov 9, 2020 | Reviews
The Crest Park Residences is a brand new luxury freehold condominium developed by SC Asset.
Project Highlights:
Developer: A joint venture company between Nishitetsu & SC Asset Corporation
Location: Phahon Yothin Road
Building / Units: 36 Stories / 420 Units
Parking: 235 Lots (Automatic 230)
Units Mix:
1 Bedroom: 31 – 41sqm
1 Bedroom Plus: 47 – 50 sqm
2 Bedroom: 71 – 73sqm
Loft: 31 – 71sqm
Personally, I feel that one of the major selling of The Crest Park Residences is the location. It is strategically located in Ladprao / Phahon Yothin which is an increasingly popular choice amongst locals and foreigners alike. It has great connectivity by being near to 3 major expressway tollgates: Ding Daeng, Bangsue1 and Don mueang. By train, it is just a short walk to MRT Phahon Yothin Station (Blue Line) and 210 meters to BTS Ha Yaek Ladphrao (Green Line).
There are quite a few major office buildings (PTT, Sun Tower, Bangkok Airways, SCB) nearby that give landlords a catchment of tenants.
And for investors who wish to benefit from the development of the Bangsue Grand Station which house the terminal of the China-Thailand high-speed rail, Phahon Yothin is only 3 stations away.
The Crest Park Residences is also probably the first luxury condominium development in Ladprao.
This is definitely a project that is worth taking a look at. The location will make it very attractive to prospective tenants and having seen previous works of SC Asset such as 28 Chidlom, Beatniq, and Chambers Onnut, I am confident the project will be completed to the satisfaction of would-be owners.
Pre-sale is now ongoing and the developer is offering an 8% early bird discount.
Prices start from 5.8xMB.
by kevinyeo | Aug 24, 2020 | Reviews
This could be one of the most notable launches in 2020 for Bangkok properties.
Noble Nue Ratchada-Lat Phrao is a freehold condominium project jointly developed by Noble Development and BTS. If you are lazy to read the entire review, let me sum up the main selling points of this project.
- The relatively attractive entry price of 3MB
- Good location, it will be next to the interchange of the Ratchada Station (Yellow Line) and Ladprao Station (Blue Line).
Being on the blue MRT line gives you easy access to a few important locations. South towards Rama 9 and Asoke, North towards Bangsue. Bangsue is the important high-speed rail terminal joining Thailand and China. Rama 9 and Asoke are the main commercial areas in Bangkok. Noble Nue Ratchada – Lat Phrao is also 1 station away from Phahonyothin, which is the main lifestyle area of the region.
For basic daily necessities, you can go to the Big C Supermarket and The Banyan Tree Community Mall nearby.
The project is also located within walking distance to some important government establishments such as the judicial training institute, high court of appeals, civil court, and office of the attorney general. These government work offices are a potential catchment area for tenants.
Noble Nue Ratchada-Lat Phrao will be completed by the year 2023. The property will also come fully furnished. Investors will have minimal work to do when they take over the property.
Pre-sales are now on-going and buyers get to enjoy early bird discounts. Prices start from 3MB.
Usually, at this price point, the property is either at a faraway location or it is low rise. Low-rise condominium generally has lesser facilities than a high rise, thus less desirable to tenants at a similar price point. In better times, we foresee that Noble Nue Ratchada-Lat Phrao will be a sell-out. If you are looking for a good value condominium investment in Bangkok, this project will definitely be one of our top recommendations to you for this year.
Get in touch with us today if you wish to find out more! For a more in-depth review, check out my review video above.
