Rama 9 road is an extensive public way that stretches from Rama 9-Srinakharin Intersection to Din Daeng road and also connects to expressway level 2, a high-way road for rapid passages of light vehicles. Our area of focus will be specifically related to the wide-ranging area around MRT Rama 9 station which lies to the north of the crossing Rama 9-Asoke-Din Daeng and close by several luxury condominiums. It’s expected to become all the rage when The Grand Rama 9 project of Grand Canal Land PLC (G Land) is thrown in along with its most prestigious and stunning part featured by The Super Tower, possibly Asia’s tallest tower.
The area around MRT Rama 9 station is now filled with so many residential condominiums that it’s running short of space, so more developers are now moving downward along Asoke-Din Daeng road for more rais that are awaiting on the south farther from MRT Rama 9 but closer to Airport Link Makkasan stations.
Situated within the region that extends from the south of Rama 9-Asoke-Din Daeng Intersection to the north of Asoke-Phetchaburi crossing), are high-end condominiums launched by AP Thailand including Rhythm Asoke 1 and Rhythm Asoke 2 on the upper part close to Rama 9 crossing, and the other on the lower part that is close to Makkasan station. All of them are on their way to debut in this year.
Project Details (Latest Updated on February 15th, 2015)
Project Name: RHYTHM Asoke 1
Developer: AP (Thailand)
Address: Asoke-Din Daeng Rd. (near Rama 9 intersection, Phetchaburi-Asoke Din Daeng intersection as well as MRT Rama 9 station)
Project Area: 1-2-86 rais of land
Project Type: 1 37-storey building with 385 residential units and 178 parking lots (B1-6 floors). 1st floor houses a lobby hall, business centre, shop, and public restrooms. 5th floor is entirely occupied with an electrical room. From 7th – 36th floors, they’re residential area. The facilities at the condo can be found on 7th – 9 th floors and 37th floor. On the rooftop, there are an elevator engine room, tanks, and rooftop garden.
Lifts: 2 passenger lifts and 1 service lift
Security System: Key card access system
Construction Start: January 2014
Expected Completion: February 2016
Selling Rate: 79%
Sinking fund: THB 500/sq.m.
Maintenance Fee: THB 55/sq.m. a month =
Starting Price: THB 153,000/sq.m.
Average Selling Price: THB 158,000/sq.m.
Layouts:
Studio [21.5 sq.m.]
1 bedroom [31 sq.m.]
2 bedrooms [41.5 sq.m.]
Layout Review
Furnishings: Partially furnished. Only a kitchen counter and full set of bathroom sanitary provided.
AC: Fitted
Floor-to-Ceiling Height: 2.6 metre high
Wall: Uncovered with wallpapers but neatly plastered
Balcony: Leaning forwards about 80 centimetres from the balcony door.
Type Studio [21.5 sq.m.] (room sample)
Door : Wood door integrated with digital door lock.
Bathroom: Fully furnished with bathroom sanitary placed in its wet and dry zones. The dry zone is equipped with a sink, faucet and other sanitary wares. The wet room is made up of a safety-glass shower box and shower equipment.
Bathroom Floor: Crème-tone coloured tiles
All rooms but bathroom have laminate wood floors.
Kitchen: The kitchen set provided includes a counter bar with a sink, faucet and hob, a kitchen cabinetry, and suspended cabinets with a hood. A microwave, refrigerator and laundry machine don’t come with the room.
The bedroom comes empty but is well-proportioned for TV, wardrobe and bed. It also comes with a balcony to conveniently relax outdoor.
The balcony 80-centimetre wide is quite tiny but still offers breathtaking city view. A compressor is placed on its outdoor space. (No room at Rhythm Asoke 2 has a balcony)
Type 1-Bed [31.0 sq.m.] @ The Sales Gallery
Door: A wood door incorporated with digital door lock as well.
Living Room: Empty with some space designated for placing TV.
All rooms but bathroom have laminate wood floors.
Dining while savoring an expansive aerial view of the cityscape.
Ktichen: Fitted with a suspended cabinetry w a hood, and a counter bar inlaid with a sink, faucet and hob. No refrigerator, microwave or laundry machine is offered.
A large bed, TV and wardrobe can comfortably fit in the bedroom.
An 80-cm wide balcony is packed with this unit and accessible from the bedroom. A compressor is kept in place on the balcony. Anyone can enjoy a top-down city view from here.
Bathroom: A sink, facet, mirror, toilet bowl and tissue holder are in place in the dry zone. The wet zone is equipped with a full shower set roomed in a safety-glass shower box.
The bathroom’s floor is tiled throughout.
Asoke-Din Daeng zone is prospering under the influence of MRT Rama 9 station. Though the area is set far off from the station, which makes it slightly inconvenient for those who live on Asoke-Din Daeng road but need to use MRT. Apart from that, in general, Rama 9 area is becoming a happening place that will soon be official established as another CBD of Bangkok.
Rhythm Asoke 1 is located near the off-ramp of the expressway while Rhythm Asoke 2 is near the on-ramp. To access Rhythm Asoke 1, you can drive south along Ratchadphisek road to Rama 9 intersection to Asoke-Din Daeng road, then look for a junction where you can make a U-turn. But another way is much easier which is to drive north from Asoke Junction along Asoke-Din Daeng road and you can easily access the condo without having to make a single U-turn.
RHYTHM Asoke 1 is similar with Rhythm 2 in terms of convenience of transportation as well as what offered with the units. For transportation perspectives, a buyer can choose to whichever one they feel will be most convenient for them to be away from home as well as returning home.
Note: To choose between Rhythm Asoke 1 and 2 you can base your decision on the functionality, design, price and overall look of the unit that you feel suits you the most because they’re distinct from one another. Another news is there will be another condo by AQ Estate to be established close to Rhythm Asoke 1.
Getting There
Lifestyle Amenities
The area of Asoke-Din Daeng is tremendously reputed for being a hub of many agreeable and recreational areas, which are open all day and night. In additional the area is within reach of a luxury mall Central Rama 9, which can be easily accessed via MRT, a public transit which also allows you to go elsewhere to explore your horizon. You can enjoy an eye-opening experience in the neighbouring district where you should find Terminal 21, Esplanade Ratchada, Central Plaza Ladprao and so on.
If you just want to relax and enjoy most of your time without any worry in the foot distance, then you should find pleasure in RCA on Ratchadaphisek road. There, you can also find some decent street restaurants to eat out depending on your convenience.
Last but not least, you don’t even need to bother getting outside your condo as there are shops on-site of the condo selling grocery items and serve coffee for the residents’ conveniences.
The average rental prices across Rama 9 area (within 80 metre range of MRT Rama 9) are as follows:
• Studio: THB 13,000 – 15,000 a month
• 1-bedroom (30 – 35 sq.m.): THB 18,000 – 20,000 a month
• 2-bedroom (40 – 50 sq.m.): THB 32,000 – 45,0000 a month
Note: The condos out of 500 m range of MRT Rama 9 offer prices cheaper than those within 80 m distance of the station by 40%.
Expected Rental Rate
For a studio [21sq.m.] unit that was purchased for 3.15MB, if renting it out for the average rental price, the expected yield ranges between 4.95 – 5.71%. But whether the yield will go up or fall back down the road, it’s the matter of the competition within this area as well as the country’s economic performance.
Ideo Mobi Rama 9 by Ananda Development is located within range of Rhythm Asoke 1 condo on the land of 3-2-85 rais. Being a competitive rival to Rhythm Asoke 2, it offers 703 residential units and 2 shops on-site coupled with 297 parking lots within its 28-storey building. It has units that come in 5 types including studio [21-21.55 sq.m. in size], 1-bedroom [30.18-30.27 sq.m.], 2-bedroom [45.04-55.09 sq.m.] and duplex [41.53 – 61.96 sq.m.]. Starting 2.373MB/unit, equivalently Bt 113,000/sq.m. (as of February 11th, 2015). Fully constructed and ready to move in.
Aspire Rama 9 by AP (Thailand) was laid upon a plot of land expanding 4-2-48.3 rais. There are 2 high-rise buildings 23-storey and 25-storey, altogether housing 663 residential units, 1 shop and 311 parking lots (46-49%) in all. Each floor contains approximately seventeen 2.5-m high units which primarily comprise 2 layouts: 1-bedroom (32 – 49 sq.m.) and 2-bedroom (49.2 – 66.2 sq.m.). Starting 3.1MB/unit (equivalently Bt 96,800/sq.m.) based on the 2012 opening. Ready to move in.
RHYTHM Asoke 2 by AP (Thailand) is sequel to Rhythm Asoke 1 established within a much smaller area of 1-2-28 rais. The project has a 30-storey building housing 346 residential units and 1 shop (approximately 16 units/floor). The maximum parking lots are for 136 cars (40%). Three different layouts are offered at this condo, including studio [22.2 – 27.0 sq.m.], 1-bedroom [27.7 – 29.5 sq.m.], and 2-bedroom [42 sq.m.]. Starting 2.89MB/unit (Bt 130,180/sq.m.) as of the beginning of 2014. Expected to complete by February 2017.
The bestselling point about Rhythm Asoke 1 is being within close distance of Rama 9 area that is becoming a focal point of the community allowing for easy accesses to office buildings and community’s amenities via MRT and Aiport Link (Rama 9 station and Makkasan station). The residents can conveniently travel on the major roads including Asoke-Din Daeng, Rama 9 and Ratchadaphisek roads. Furthermore, each of Rhythm Asoke 1’s purchase units has a potential to be of good short term investment as they’re craved by several Thai and overseas tenants who want to rent one in this area for their convenience to work. The weaknesses of Rhythm Asoke 1 are being situated a long walk from MRT Rama 9 coupled with a number of rooms for rent offered by the competitors in this area.
This project review is written by Kanchana Paha, a full-time reviewer at DDproperty.com, the No.1 property listing portal in Thailand. For any questions, please email to kanchana@ddproperty.com.
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