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.
Here’s our video review of Cassia Residences Rama 9 Bangkok:
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.
Here is our walk from Cassia Residences Rama 9 to MRTA station:
If you want the price list for the available units, do contact the IBP Real Estate Sales Team:
These videos were taken by the team at Bkk Gongyu Co., Ltd in February 2022. Shawn visited the show flat and here is a brief presentation of each of the unit types. If you would like to visit the show flat, do contact Shawn at +66 63 446 0301.
Noble Evo Ari is a freehold condominium in central Bangkok. It has a project land area of 2-1-70 Rais and consists of 1 residential building and 1 parking building.
Total units: 488 residential units
Room type:
Type A1, A2, A7, A8 (30.2 sq m): 112 units
Type B6, B7, B10, B11, B12, B14 (34.5 – 34.8 sq m): 220 units
Type B3, B4, B12X (45 sq m): 93 units
Type B9 (54.3 sq m): 40 units
Type B5 (56.1 sq m): 23 units
Parking Area
Parking Tower 10 Floors with 249 parking spaces (approximately 51%)
Project Highlight:
Serenity Sky Deck
Sky Patio
Sky Social Club
Ari Sky Lounge
Stairway Sanctuary
Verdant Lobby
Alfresco Yard
Security Services:
24 hours CCTV
Keycard Access Control
24 hours Security Office
Where is this development located?
Noble Evo Ari is located about 300 metres from BTS Ari. Ari is located in north-central Bangkok. It is an upscale residential area and a hipster hangout. It is slightly out of the touristy areas. It is 5 BTS stations away from BTS Siam. Hence, it is still very centrally located in the heart of Bangkok. This area is extremely popular with middle-class Thais and expatriates. The best hipster neighbourhood in Bangkok is perhaps the aptest label for Ari. The reason for its popularity is due to the multitude of cafes, bars, restaurants and the ever relaxing vibe that reverberates through the Ari neighbourhood.
According to Google Maps, it takes 12 minutes to get from BTS Ari to BTS Siam.
Ari BTS to Siam BTS
Who is the developer?
The developer of Noble Evo Ari is Noble Development Public Co., Ltd. They are a publicly listed developer on the Stock Exchange of Thailand. We are also marketing their other current development, NUE District R9 together with Noble Evo Ari. Their other notable projects include Noble Ploenchit and Noble Revolve Ratchada. Our company has dealt with many of their developments over the past few years.
How do I get the brochure and the latest price and availability list?
You can contact us at:
Shawn Chew 周肖恩
Mobile Number: +66 63 446 0301 (Call, SMS, WhatsApp)
Line ID: shawnbkk
WeChat ID: shawnbkk
Kevin Yeo 杨家晖
Line ID: kevinyeo
WeChat ID: chokobo82
Email: [email protected]
While this area is extremely popular as a neighbourhood for the middle-class Thais, increasingly, expatriates are starting to request for units in the Ari neighbourhood. Prices start at about THB 4 million. Decent pricing considering the proximity to BTS Ari. A mere
Location:
If you are looking for a very nice and relaxed neighbourhood with many food offerings, Ari has to be one of the best places in Bangkok. We believe that if you are looking to retire in Bangkok, Ari should be seriously considered. The proximity to BTS Siam as well as the connectivity to the Bang Sue area where there is rapid growth make this area a compelling investment proposition.
Quality:
Our company has dealt with many of Noble Development’s properties. They usually hand over the project as advertised. Their finishing is typically well done and artists rendering of the final product is usually close to what is delivered. We have had little to no issues with the developer’s products. They are one of the more established developers in Bangkok.
Verdict:
Just like Noble NUE District 9, if you are looking for a great deal on a well-located property in Bangkok, now is perhaps the prime time to make your move. This is a project that you should be considering.
Rama 9 Road or Rama IX Road is an 8.7-kilometre road that starts at the Rama IX intersection, where Ratchadaphisek meets Asok-Din Daeng and it ends at Srinakarin Interchange.
Rama IX intersection
If you are familiar with locations such as Terminal 21 and Asoke BTS Station as a tourist, then Rama 9 is just north of Asoke BTS Station. In fact, Asoke BTS Station connects to MRT Sukhumvit Station which is two MRT stations away from MRT Phra Ram 9. If you are taking a taxi, it should take you about 5 minutes (with light traffic) to 15 minutes (with heavy traffic) to get to Terminal 21 from the Rama IX intersection. According to Google Maps, it’s a mere 2.9 kilometres away.
Is this area well connected?
Well, yes! This area is a commercial hub not because it was designated as one but because it is centrally located. If you look at the connectivity options, MRT Phra Ram 9 is located one MRT station away from Petchaburi which is linked to Makkasan Airport Rail Link which brings you to Suvarnabhumi airport. A stop further south will bring you to MRT Sukhumvit which is where Terminal 21 is located. You can link to the Asoke BTS which runs through the lower sois of Sukhumvit. This is typically where tourists are familiar with.
If you head up north just a station you will reach MRT Thailand Cultural Station. This station is an interchange between the present MRT line and the upcoming Orange Line.
Going back to how this area organically developed, we will have to deduce that due to its connectivity to the various business hubs, development started to pile up in the area. Grand Central Rama 9, G Tower, the Stock Exchange of Thailand are just a few landmarks in the area. There was supposed to be a Super Tower built in the area but those plans were shelved and instead something smaller is being developed on the original Super Tower site. The Super Tower was supposed to be the tallest building in Bangkok but the cost was deemed to be too prohibitively high that the initial plans were scaled down.
What is this area famous for?
If you are the type that frequents nightlife, then you should be familiar with Royal City Avenue or more commonly referred to as RCA. This area is the epicentre of the Bangkok clubbing scene. Many popular clubs are located in this area. If you’ve only been to this area at night, we would recommend that you visit this area in the day to experience how bustling a commercial hub it is.
There are large multinational corporations that set up their offices in this area. Unilever set up its regional headquarters at G Tower which is within walking distance to MRT Phra Ram 9. The Stock Exchange of Thailand (SET), AIA Capital Tower and the Chinese Embassy are located in this area. There is much talk that the financial hub of Bangkok is slowly shifting to the Rama 9 area.
What has been the situation in the past few years?
Due to the fact that many companies have been shifting to the Rama 9 area, the property prices pre-Covid were rather escalated. This is especially so with the announcement of the Super Tower. In fact, if you have been following our commentary for the past few years especially before the Covid-19 hit Bangkok, you would realise that we have always felt that Rama 9 was an area of great potential but the pricing was too elevated for us to recommend most projects. However, after the Super Tower plans were shelved and downgraded and with the pandemic limiting travel restrictions, demand has tapered a great deal. Prices have eased off a great deal and are at levels that seem much more reasonable.
Ok so I am here for shopping and dining advice. Do you guys know anything?
Yes we do. If you are looking for a good shopping mall with large brands, a movie theatre etc… then that’s Central Plaza Grand Rama 9. It is linked to MRT Phra Ram 9 so once you reach the MRT station, you are linked to the shopping mall. If you want to purchase electronics then visit Fortune Town. That is across the main road from Central Plaza Grand Rama 9. If you are a tad younger and are looking for a more “hip” shopping mall then head to The Street Ratchada. There used to be a Talad Rot Fai (Train Night Market) behind Esplanade Shopping Mall which is one station away at MRT Thailand Cultural Centre but that has been shuttered due to the pandemic. Perhaps it might be revived in future when travel restrictions are lifted.
For dining options, there’s Somboon Seafood. It’s a popular seafood restaurant. Both locals and tourists patronise this restaurant, especially for their fried crab curry. If you want some excellent sushi as well as excuisite restaurants, head to G Tower. OMG Bar is a great place to chill and listen to some live music.
OMG Bar. A nice place to chill and listen to some live music.
For all things Bangkok, especially property, look for InvestBangkokProperty.com!
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
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
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!
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.
![[Video] NUE District R9](https://investbangkokproperty.com/wp-content/uploads/2022/02/NUE-District-R9-videos.jpg)
