• DDproperty Content Team
  • 17 December 2015

Park24 phase2

After Park 24 Phase One’s high grossing opening weeks, Proud Residence decided that the sequel was worth making, subsequently introducing Park 24 “Phase 2″. Because of a previous huge success (squarely measured in Thai baht), this Phase 2 also has much of the design and characters resembling those in Park 24 Phase 1, which can be characterized by having over 60% green space consisting of an impressive botanical garden in the middle, and trees lined along the skirts of the condo area. The absolute greenery, which painterly renders an idyllic beauty and sensational pleasure to the condo from inside out, is the major selling point of Phase 2 that makes it another desirable home to live in. Set against the backdrop of the hectic city, the condominium area also touches a public green space of Benchasiri park. With a combined green space, the residents are allowed to once again tap into the pure nature. The luxuriant amenities and transportation system are within easy reach of the condo, another reason to make anyone want to secure the lodging undoubtedly.

Project Details (Latest Updated on 22nd October 2015)

Project Name: Park 24 Phase II

Developer: Proud Residence

Address: Soi Sukhumvit 24, 600 metre by foot from Phrom Phong BTS station

Project Type: 7-0-55 rais of land on which 3 following high-rise condominiums are situated: Tower IV with 29 storeys and 282 total units; Tower V the greatest of all in height and number of units with 51 storeys and 496 residential units; and Tower VI having 44 storey packed with 396 units. A combined total of residential units in Phase II is 1,240 units.

Parking: 4-storey underground car parks beneath Tower VI and V, totalling 620 lots (49%)

Unit Floor Plans:

1-bedroom w a space of 25-41 sq.m. Total 827 units

2-bedroom w a space of 52-68 sq.m. Total 326 units

Duplex w a space of 80-118 sq.m. Total 21 units.

Selling Rate: Phase I achieved 100% sold out. Phase II, as of now, is 70% sold out.

Amenities On-Site: An expansive public park, pool (adult & kid), Jacuzzi, fitness centre, sauna and library.

Starting Price: Approximately THB 4.9M/ unit

Average Selling Price: Approximately THB 190,000/sq.m.

Construction Period: 30% of total project area is currently under construction with expected completion in 2018.

Maintenance Fees: THB 65/sq.m. a month (2-year grace period)

Sinking Fund:  THB 500/sq.m. (1 time payment)

Project Details

Park 24Park24_soi-Sukhumvit24-1024x767

The Entrance to Sukhumvit 24

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The entrance sigh of Park 24 sales gallery.

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Park 24DSC02154

The inside looks of the sale gallery.

Park 24 Phase II assimilates with a large, beautifully landscaped greenery of over 10 rais expanding from an elegant and elongate park Benjasiri. Even though it’s all around the man-made towering structures and the roads paced along by light and heavy vehicles at any moment, over 60% green space of its will protect the area from the outside interruption, enabling a total exclusiveness and privacy.

Park 24004

The Condo Map shows Five Stylish Residential Towers, consisting of Tower II-VI, and Eight Exclusive Parks ranging from The Labyrinth, The Sanctuary, Passage to Forest, The Playground, Hanging Garden, Garden of Reflection, Enchanted Forest, and lastly Tea Garden.

Park 24b_03

A Futuristic Illustration of Exclusive Park.

Park Phase II Floor Plans

Tower IV

Park 242nd

A library & living room, yoga studio, separate bathrooms for men and women, and fitness studio, combined, constitute an entire 2nd floor of Tower IV.

Park 24swimming pool 28th

Tower IV 28th floor plan is also on the record for public use as it offers a master lap pool, Jacuzzi, children’s pool, and separate stream rooms for male and female.

Park 243th-18th&22th-25th

Tower IV 3rd-18th and 22nd-25th floors share the same floor plans with two different unit types including 1-2 bedroom ranging in sizes 25.36-59.95sq.m. and have a unit limit of 12/floor.

Park 2419th-21th

Tower IV 19th-21st floor each have 10 units at the maximum comprising 1-2-bedroom and combine types.

Park 2426th lower floor

Tower IV 26th lower floor has no more than 10 units that come in 3 different unit layouts as 1-2 bedroom and duplex.

Unit Layouts

ห้องประเภท 1 ห้องนอน ขนาดตั้งแต่ 28.81 – 39.02

1-bedroom, 28.81-39.02 sq.m.

 ห้องนอนขนาดตั้งแต่ 54.53 -59.95 ตารางเมตร

2-bedroom, 54.53-59.95 sq.m.

ห้อง combined ขนาดตั้งแต่ 58.15 – 58.79 ตารางเมตร

Combine, 58.15-58.79 sq.m.

ห้อง duplex ขนาดตั้งแต่ 116.30 – 117.58 ตารางเมตร

Duplex, 116.30-117.58 sq.m.

Tower V

Park 242th-3th

ชั้น 2 – 30 จะเป็นพื้นที่อยู่อาศัย โดยชั้นที่มีจำนวนยูนิตประเภท 1 ห้องนอนเสียส่วนใหญ่จะมีจำนวนยูนิตเฉลี่ยประมาณ 12 ยูนิต ส่วนชั้นที่มีห้อง combined หรือ duplex จะมีจำนวนยูนิตโดยเฉลี่ย 9 ยูนิต

Tower V contains 29-storey residential space covering from 2nd-30th floors with an average number of units per floor of 12.

Unit Layouts

ประเภท 1 ห้องนอนขนาดตั้งแต่ 25.71 – 40.83 ตารางเมตร

1-bedroom w space ranging from min to max as 25.71-40.83 sq.m.

ประเภท 2 ห้องนอนขนาดตั้งแต่ 55.3 – 67.27 ตารางเมตร

2-bedroom, the sizes of 55.3-67.27 sq.m.

ประเภทห้อง combined ขนาด 55.86 – 58.61

Combine, 55.86-58.61 sq.m.

Tower VI

ชั้น 1-6 จะเป็นพื้นที่จอดรถรวม

Tower VI is inclusive of 6-storey indoor parking from 1st-6th fl.

ชั้นที่มีจำนวนห้องประเภท 1 ห้องนอนเป็นสัดส่วนมากจะมีจำนวนยูนิตเฉลี่ย 12 ยูนิิตต่อชั้น

8th-13th and 17th-38th floors of Tower VI contain 1-bedroom as a majority and a few 2-bedroom in sum of 12units/ fl.

ชั้นที่มีห้องประเภท combined หรือ duplex จะมีจำนวนยูนิตเฉลี่ยประมาณ 9 ยูนิตต่อชั้น

41st floor of Tower VI has 9 units in all composed of combine and duplex types.

สระว่ายน้ำชั้น 43 รวมถึงจากุซซี่และสระเด็ก

43rd fl includes a 40 metre lap pool, children’s pool, Jacuzzi, and steam rooms for men and women.

Unit Layouts

ประเภท 1 ห้องนอนขนาดตั้งแต่ 27.95-39.58

1-bedroom, 27.95-39.58 sq.m.

ประเภท 2 ห้องนอน มีขนาดตั้งแต่ 55.19-54.95 ตารางเมตร

2-bedroom, 55.19-54.95 sq.m.

ประเภทห้อง duplex มีขนาดตั้งแต่ 113.68-114.72 ตารางเมตร

Duplex, 113.68-114.72 sqm.

The sample 1-bedroom the size of 28.08 sqm at the on-site sales gallery

The Park24DSC02095

The unit floor plan craftily fitted to the wall.

The Park24DSC02100

The dining zone is furnished as shown, as a part of the package.

The Park24DSC02102

The living zone is adjacent to the dining zone.

The Park24DSC02101

A fitting wardrobe is also offered in the package.

The Park24DSC02103

The bed/living zone is undivided, and equipped with built-in furnishings.

The Park24DSC02099

The kitchen comes with Teka 2-ring hob and hood.

The Park24DSC02106

Englefield shower set.

The Park24DSC02107

Kohler sink

The Park24DSC02108

Kohler sanitary ware.

The Park24DSC02110

The Park24DSC02111

Downlight system.

Park 24DSC02112

The 57 sqm combine floor plan allows an instant access to the kitchen right after entering, which comes with a full kitchen set available for immediate use.

Park 24DSC02131

The actual living room isn’t furnished with a sofa.

The Park24DSC02118

The Park24DSC02117

The Park24DSC02130

The dining table set is offered in every unit.

The Park24DSC02129

The living room is adjusted to the glass sliding doors opening to the outdoor balcony.

The Park24DSC02126

The living and bedroom border on each other with glass partitions in-between.

The Park24DSC02120

The bedroom zone.

Park 24DSC02125

Park 24DSC02122

The Park24DSC02123

The private bathroom in the master bedroom is equipped with a shower set and bathtub.

Park 24DSC02127

Park 24DSC02128

The bathroom on the side with living room has sanitary war and a shower set same as that private bathroom.

Usual Floor Plan

Flooring: Laminate Wood

Floor-to-Ceiling: Bathroom 2.5 metre high. Other rooms 2.7 metre high.

Sanitary Ware: Kolher sanitary. Englefield Shower.

Furnishings: Fully-furnished for any room the size of 28 sq.m.  Fully fitted for the combined and duplex.

Orientation: The frontage and rear façade of the buildings abut Sukhumvit 24 and 22 respectively.

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Location

The entire area of Park 24 spans onto the prime land within the city’s central business district, which for the most part comprises high-end households and corporations’ bases. A number of luxury conveniences located within this area, most notably The Em District and other famed street shops, altogether allows for the exposure to an extensive product selections locally and overseas, hard to find elsewhere in Bangkok. More importantly, BTS Phrom Phong station is just seconds from The Em District, which makes it so convenient to commute to and fro. All of these elements would definitely complete and fulfill the people’s premium and luxurious lifestyles, in which case, Park 24 will receive the positive impact for certain. Though the prices they have to pay for go from THB 200,000/sq.m., a painstaking truth.

Getting There

Park 24 Phase II is established on an ideal location along Sukhumvit road, which is also connected to Rama IV road, and sits on the north few minutes from Phrom Phong BTS station. Thereby the residents there shall conveniently travel via both personal vehicles and BTS at their conveniences and use either of two streets for both direct access and exit, including Sukhumvit 22 and 24.

Public Transit: BTS

Access BTS green line and choose the destination station as Phrom Phong. Make an exit through the gate 4 after arriving at that station, and walk up either Sukhumvit 24 or 22 as both of them lead to the condo with an equal distance of 600 metre, equating to 10-15 minutes distances.

Personal Vehicle

In case those come by Rama road,

Drive along the road past Queen Sirikit National Convention Centre toward Asoke intersection and make a right onto Sukhumvit road as getting there. Stay on the road until reaching Sukhumvit 24, and go down the street for 600 metres. The condo is on the right.

Park 24 Map

Road Map to Park 24

Nearby Amenities

Emporium, the 1st mall of The Em District.

Em Quartier of The Em District, the second-born.

Benjasiri Park

K Village is situated on Sukhumvit 26.

A Square, on Sukhumvit 26

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Analysis

As of October 27th, 2015, Park 24 Phase I has experienced the rent rate of THB 1,200-1,300/sq.m. a month and generated an annual yield of 6% Based on that Phase II might be undergoing a similar event as well but there is a strong possibility for greater rate of return as the opening of Em Sphere is drawing nearer.

Nearby Condominiums

  1. Rhythm Sukhumvit 36 – 38

Rhythm-Sukhumvit-36-38_entrance

Rhythm Sukhumvit 36-38

The whole project was developed under the attentive management of AP (Thailand) into a 25 storey exquisite condominium as large as 2-2-76.3 land rais along Sukhumvit 36 street. The project offers a limit of 496 residential units that come in three different types including studio with a space of 24 sq.m., 1-bedroom ranging 33-49 sq.m. in sizes, and 2-bedroom with a space of 54.5sq.m. up to 86 sq.m. The average selling price of Rhythm 36-38 started at THB 180,000/sq.m.

  1. Lumpini 24

Lumpini 24

Lumpini 24

Lumpini 24 was constructed on behalf of L.P.N. Development, making a debut with a 46-storey building accompanied by 402 residential units lumped into types and sizes follows: 1-bedroom the sizes of 26-99.5sq.m.; 2-bedroom with the total size of 53.5-109sq.m.; 3-bedroom with 124-164sq.m. floor in total; and duplex expanding 60.5-99.5sq.m.  The total project area is more than 3 rais of land along Sukhumvit 24. The starting price is THB 190,000/sq.m.

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Summary

Park 24 Project constitutes 5 luxury towers scattering across the defined land plot with a busy urban area, abuts the elegant Benjasiri Park as well as sitting by Phrom Phong BTS station. They are of great hospitality and delight and have pleasure in taking care of new incomers with matchless stays amidst the most prosperous part of Bangkok, yet fairly natural. If seeking for a city retreat, Park 24 Phase II is a good consideration.

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Eric Wong

DDproperty Content Team