Rhythm Sukhumvit 36-38 from AP (Thailand) is only 300m from BTS Thonglor in what is considered a prime residential area in Bangkok. The project is jointly developed by AP and Mitsubishi Estate Group, a leading Japanese developer. After AP’s top of the line ‘The Address’ project, ‘Rhythm’ is being positioned as a B+ development, just one level below from ‘The Address’.
Project Details (As of December 2014)
Developer: AP (Thailand) PLC
Project Type: High-rise condominium
No. of Storey: 25 stories and 1 tower
No. of Units: 496 units and 1 retail unit
Land Area: 2 Rai 2 Ngarn 76.3 square wa
Carpark: 213 lots
Room Type:
– Studio 24 sqm
– 1 Bed 33 – 49 sqm
– 2 Beds 54.5 – 86 sqm
Lifts: 4 passenger elevators and 1 service elevator
Starting Price: 4.1 MB
Average Price per sqm: THB174,702/sqm
Furnishing: Partly
Construction Start: August 2014
Completion: January 2017
Maintenance Fees: THB55/sqm/Month
Sinking Fund: THB500/sqm
Rental Yield: 5-7%
Rhythm Sukhumvit 36-38 sales gallery
Project Review
Rhythm Sukhumvit 36-38 is a 25-storey, single tower development with 496 residential units and one retail unit. The carpark is positioned on 1st to 5th floor. The tower faces south toward Rama 4 Road.
Due to its peaceful location and convenience to the main road and BTS, the average rental rate at this area is approximately 800-1,000 THB per sqm or a 5.78% yield.
Next to Rhythm, there will be another project launching with an estimated selling price of over 250,000THB per sqm. This is expected to have a positive effect on the immediate land value and will possibly drive current prices of Rhythm up at least 15% in 2015.
Lobby
Fitness
Garden
The project design is truly inspired by the Japanese concept of “Engawa” or ‘Natural Touch’ allowing Rhythm to be rather unique in the area as there are no other projects that offer small studio units.
Ground Floor Plan
The above floor plan is applied to most of the floors except for G, 6th and 25th. The fitness room and sky garden are on the 25th floor. Main entrance faces south (Rama 4 Road). North faces the BTS and offers a view of the city.
Room Review
There are three unit sizes available at this project.
– Studio 24 sqm
– 1 Bed 33 – 49 sqm
– 2 Beds 54.5 – 86 sqm
The studio room is quite a unique offering in this area and it will be good to rent out since it will more affordable in the same area. With an interlocking design, it maximizes the space used.
This project is fully fitted, and includes a pantry. The ceiling height is 2.6m.
The interior has high quality finishing with laminated flooring 8mm thick. Terrace size is two feet wide and one meter long and the window frame is made out of high quality aluminum power coat.
Units that face the north will get a nice view from the property, while east and west facing units will get a view of the city. Units facing south however, will get both the BTS and city view.
Separated wet and dry areas in the bathroom come complete with sanitary wares from Kohler. All units have high quality digital door locks from Yale installed. All electrical switches are by Siemens.
Rhythm is located on Sukhumvit 36 Road about 300m from Sukhumvit main road and Thonglor BTS station. It is close to transportation but just far away enough for residents to enjoy some peace and quiet.
Due to it being conveniently located near the main road, Rhythm can be accessed from both Sukhumvit main road via Sukhumvit 36 or 38 and Rama 4 Road.
Thonglor is one of the most preferred residential areas in Bangkok and is well known as the hippest place in town with its chic restaurants and bars. As a result, Thonglor is a popular choice among expats.
In this neighborhood, there are several other projects:
• Noble Remix by Noble Development
• Kyne by Sansiri
• The Crest by SC Asset
• Ashton by Ananda Development
From Thonglor BTS station, it is only one stop to EM District, which is the location of the Emporium and EmQuartier, the newest luxury shopping mall in Bangkok.
There are also several popular food stalls nearby within walking distance at Sukhumvit 38. Food varies from Thai noodles to American burgers but are all affordably priced.
Additionally, Samitiveth Hospital is easy to get to.
Rhythm is also close to Bangkok Prep International School and famous hang out spots like Seenspace, J-Avenue and Market Place Thonglor. Thus, there are numerous dining options and leisure activities you can indulge in without having to travel so far from home.
Condo Rhythm Sukhumvit 36-38 is developed by AP in a contemporary style. This project is considered to be very good for either as personal residence or investment as it has high demand because of its location. This project is jointly developed with Mitsubishi Estate Group from Japan, and is located in a hip and tourist-friendly place, it will be an advantage when renting out to foreigners, especially Japanese, in the future.
With the unit size of 24sqm, it is rare to find affordable rental prices (20,000-25,000THB per month) near Thonglor BTS station. Average cost for rental in this area will be above 30,000THB.
Furthermore, this project has a huge potential to grow in the next two to three years since there will be a number of new units launched in Thonglor area. These units are expected to be priced over 250,000 THB per square meter.
CARAPACE Hua Hin-Khao Tao one of the interesting projects which is not far from Hua Hin. It is located at Khao Tao beach near Petchkasem road. There are many room types available. The space varies between 26 to 43.53 square meters. Full facilities access in the common area whether it be the Grand Lobby, All Day Dining, Fitness, Swimming Pool, Water park, Beach Club. The price starts from THB3.5 million.
Supalai Icon Sathorn is a 56-storey (not included rooftop) luxury condominium with 787 units. The project offers a variety of unit types, and is close to the BTS, MRT, BRT as well as the Rama 4 and Sathorn expressway entries. The starting price is 8.2 MB.
The Triple Y Residence is located in a mixed-use development, Samyan Mitrtown, which comprises office, retail, residence and facilities Starting 4.49 million Baht
