Yellowfynn Development is still an unfamiliar name among the buyers, investors and developers. For being a new entrant, it doesn’t gain wide recognition anywhere except Aree area where it has lately taken some significant action. But even as a new face, it has started to reap a well-earned reputation for having done a profound job on securing a prime spot along Phahonyothin road near BTS Ari station and developing it into a luxury condominium going by the name of FyNN Aree for affordable prices. Surrounded by professional buildings, restaurants and chic hangout places, FyNN Aree shall be another great residence to rejoice its homeowners such that it won’t be forgotten. In subsequent sections, we will go over the general lists of things about this condo for those who seek in-depth information to help with decision-making related to both investment and residential perspectives.
FyNN Aree
Project Details (Updated on January 15th 2015)
Project Name: FYNN Aree
Developer: Yellowfynn Development
Sole Agent: Jones Lang LaSalle
Address: Soi Aree 2
Project Area: 0-2-73 rais
Project Type: An 8-storey condominium with 79 living units
Layouts:
1-bedroom [27 – 31.5 sq.m.], starting 3.4MB/unit.
2-bedroom [47 sq.m.], starting 6.1MB/unit.
Starting Price: 3.4 MB
Average Selling Price: Bt 130,000/sq.m.
Terms of Payment: Bt 50,000 for booking a unit and making a contract
Sinking Fund: Bt 500/sq.m. (1 time payment in full on the transfer date)
Maintenance Fee: Bt 60/sq.m. a month
Selling Rate: 52%
Opening Sales: November 2015
Expected Completion: Amid 2017
Official Website: www.fynn.co.th/
Designed in Modern Loft style, every unit is tall and airy. Heightened senses of space and comfort found in all units which belong to the corner unit type. Best serving its residence with ultimate solitude and privacy.
All units are piled in an imperfect alignment to imitate the rooms on the corner.
A fitness centre on 2nd floor leaning forward from the unit area.
The rooftop is equipped with a swimming pool.
2nd – 8th floors are residential area
2nd floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
A fitness centre & mailroom
3rd floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
4th floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
5th floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
6th floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
7th floor
Type A (27 sq.m.) 3 total units
Type B (31.25 sq.m.) 7 total units
Type C (42 sq.m.) 2 total units
8th floor
Type A (27 sq.m.) 4 total units
Type B (31.25 sq.m.) 4 total units
Type C (42 sq.m.) 2 total units
The G floor consists of 42% parking space, lobby, business centre, and CCTV.
The perspectives of the condo
Room the size of 42 sq.m.
Lobby
Fitness
The perspective of the rooftop swimming pool at FyNN Aree
Layout Review
Only Type B room sample is available at the exhibition in the sales gallery at the time. This type has a space of 31.25 sq.m. and the largest proportion of total units belong to this particular type.
A door integrated with digital door lock
When entering, the kitchen appears on sight
A hood from Teka is offered.
A 2-ring hob from Teka.
A sink and Teka hood are offered.
A dining table and seats are provided with the room.
Passing through the kitchen, the living room is found located on the centre with a sofa offered for free.
The bedroom and living room are zoned apart.
A sliding Partition between the bedroom and living room
The living room is equipped with an AC from Mitsubishi
Walk-in closet (mirrored)
The unit comes together with a dressing table and mirror.
Bathroom
Bathroom sanitary from Mogen
The glass partitions separating wet and dry zones.
A shower set from American Standard
Granite tiles
No book is offered
8 mm thickness of laminate wood flooring
Every unit comes with a balcony of 2.4 metre wide
The latticework set in place to hide the compressor.
The areas along BTS line ranging from Lad Phrao Junction all the way down to Sukhumvit 70 are suitable for raising high-end and luxurious condominiums because they have strong potential for a high yield rate. According to Plus Property, Bangkok’s leading property agency, the condominiums which were established 3-4 years ago around BTS Ari station right now have experienced an over 80% increase in the selling price, which can be monetized as Bt 150,000/sq.m. Furthermore those currently under development are expectedly up for sale for a price starting over Bt 200,000/sq.m. when they are brought to the completion.
One of the reasons speculated to be the major account for that course is a low penetration rate of new entrants into this area, estimated merely 1 new condo project a year whilst the demand is increasingly substantial, giving rise to the dominant power over the pricing on the developer’s end. Another reason most of us are very much familiar with is that this is one of those so-called commercial districts, filled with mega corps’ headquarters, domestic and multi-national businesses’ head offices, ministries, and so on. In the area around BTS Ari station, there are a number of government offices to be found including Ministry of Finance, Revenue Department, Royal Thai Army, Government Savings Bank, Export-Import Bank of Thailand, Kasikorn Bank, SME Bank, IMB Corporation, and the others located within Shinawatra Tower 1.
The majority of home buyers tend to buy a home here because they want to get to work without a morning rush. They take transit-oriented condos as their highly selective residences on the list because of the convenient access to the urban rapid transit, which potentially helps them save time and cost without inconvenience of ground transportation. But, ground roads around here can be put as quite convenient with several exits on to other major roads at Victory Monument, one of the main points of road network. It takes to ride BTS for 2 stations from the condo to Victory Monument. Located between BTS Ari and BTS Sanam Pao is an on-ramp of the expressway towards Dao Khanong and Bangna paralleled by Vibhavadee road, which also leads off to Ladprao road and Don Mueng.
Getting There
Personal Vehicle
If taking Phahonyothin road from Victory Monument circle to Soi Phahonyothin 5, the condo is approximately 2km away.
But if you come by BTS, your distance with the condo will be shortened to approximately 750 metres as the condo is located deep on Soi Aree 2.
Directional map to FyNN Aree
Public Transit: BTS
Exit through the gate 3 and out onto the same side as Shell Petrol station
A narrow street adjacent the exit of BTS Ari station. The street located next to The Revenue Department and lined with a bunch of street restaurants.
You will exit onto Soi Aree 1. From there, head west past Noble Lite, The Vertical Aree, and Hiso Sushi, until reaching a T-junction with a north split onto Soi Aree 6. Walk north then you will find FyNN Aree located on the first block on your right, which is Soi Aree 2.
The Sales Gallery
The sales gallery is located on the corner adjoining Soi Aree 2 and Soi Aree 6.
Nearby Amenities
The map illustrating the addresses of nearby amenities
Casa Lapin: A chic and trending café
Tokyo Bike: A classic bike shop selling bikes and related parts & spares.
Fat Bird: An Italian restaurant
Aree Garden: An outdoor space centrally occupied with music live venues and restaurants (e.q. HOBs) setting out outdoor seating enveloped by lush plants and outside chandelier.
La Villa
A low-rise condominium contains professionally designed corner units meticulously presented at the behest of those in search of a unit in which they feel most privileged and able to live exclusively and quietly. The additional highlight is the nearby hangout places out of mainstream guaranteeing quality experience worth a lifetime memory. Because the land around Ari station is private property, it gets us no clue of what the future will lead this zone to. In spite of the absence of clear directional changes, the developers still took interest and belief in prospective investment potential, allowing them to continually observe the potential spots and develop them into condominiums we all came to see with our own eyes.
As for the record, the condos within this area have experienced an 80% increase in the selling price over the past 4 years. The average selling price was estimated to be Bt 150,000/sq.m. before but now it has gone up to approximately Bt 200,000/sq.m. Though FyNN Aree was initially put up for sale for Bt 130,000/sq.m. Notwithstanding that, the price will be driven up once Bangsue station is brought to the completion, making a connection with Airport Link Phayathai station which is situated 3 stations from BTS Ari to the south.
Nearby Condos
Project Name: D’ rouvre
Developer: Richest Union
Address: Soi Phahonyothin 2, Samsennai, Phayathai
Project Type: An 8-storey condominium
Residential Units: 42 units
Project Area: 0-2-24 rai
Unit Layouts:
UNIT A (61 sq.m.), UNIT B (48 sq.m.)
UNIT C (51 sq.m.), UNIT D (58 sq.m.)
UNIT E (86 sq.m.), UNIT F (61 sq.m.)
Starting Price: 4.7MB/unit
Average Selling Price: Approximately Bt 100,000/sq.m.
Website: http://www.drouvre.com/home.html
Project Name: D’Memoria Phahonyothin 8
Developer: D Well Grand Asset
Address: Soi Phahonyothin 8, Samsennai, Phayathai
Project Name: An 8-storey condominium
Residential Units: 123 units
Project Area: 1 rai
Layouts: 1 bedroom [35.98 – 44.93 sq.m.] 2 bedroom [ 59 – 72.74 sq.m. ]
Starting Price: 3.3 MB/unit
Average Selling Price: Approximately Bt 100,000/sq.m.
Website: http://www.dwell-group.com
FyNN Aree is well acclaimed among home buyers and investors for its premier location and professionally designed and decorated units that may surprise anyone out of their expectation. Not only set in a private and unique but also very convenient location footsteps from BTS Ari station, but it also boasts the resilience of the unit design that can be customized as desired to better fit the resident’s character and lifestyle. The extra-low price starting now Bt 120,000/sq.m. coupled with an ultra-modern and chic home design shall render any of Gen Y buyers captivated. That’s not all, the price is still growing, basically by means of the upcoming Bangsue station lying 3 BTS stations away from Ari zone.
This project review is written by Chaiyasit, a full-time reviewer at DDproperty.com, the No.1 property listing portal in Thailand. For any questions, please email to chaiyasit@ddproperty.com.
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