The properties within the area of Bangsue has been robustly chased after with their quality and standards delivered by sophisticated and experienced developers and in the rise of the upcoming Bangsue Grand station spread through this area. Currently, there are several high-end condominiums into this market, including Rich Park 1 and 2 by Richie, U Delight 1 – 4 by Grand U, and others by Chewathai, Pruksa, Supalai, Property Perfect and Sena. Although that should make for an intense battle for any new entrant, Ananda and Mitsui Fudosan jointly embarked on a new high-end condo project by name of Ideo Mobi Bangsue Grand Interchange, of which the project details any reader will be guided through below.
Ideo Mobi Bangsue Grand Interchange
Project Details (Updated February 1st 2016)
Project Name: Ideo Mobi Bangsue Grand Interchange
Project Developer: Ananda MF Asia Thaphra
Address: Prachachuen road, set opposite Tesco Lotus Prachachuen
Project Area: 2-3-46.9 rais
Project Type: 32 storeys of 661 residential units and 5 shops.
Ceiling Height: 2.5 metres
Latest Starting Price: 2.74 MB
Average Selling Price: Bt 130,000/sq.wah
Layouts:
Type A: Studio w a space of 22sq.m.
Type B: Studio available in 3 sizes including 24.5 sqm, 26 sqm and 27.20 sqm
Type C: 1 bedroom w 2 sizes which are 26 sqm and 27.20 sqm
Type D: 1 bedroom ranging from 31 – 32.6 sq.m. in size
Type F: Duplex 1 bedroom w a space of 34.00 sq.m.
Type E: 2 bedrooms w a space of 47.5 sq.m.
Terms of Payment:
For the studio about 22 – 27.20 sq.m. in size, there will be the following payments needed to be made: Bt 30,000 for making a reservation, Bt 107,000 – 172,800 for the contract, and 20 monthly instalments (Bt 5,500 – 8,200 a month). The remaining amount of the purchase price is paid off on the transfer date.
For 1 bedroom ranging 26 – 32.60 sqm in size, there will be the following payments needed to be made: Bt 30,000 for making a reservation, Bt 130,700 – 200,700 for the contract, and 20 monthly instalments (Bt 6,500-9,300 a month). The remaining amount of the purchase price is paid off on the transfer date.
For 2 bedrooms the size of 47.5 sqm, there will be the following payments needed to be made: Bt 30,000 for making a reservation, Bt 257,800 – 319,400 for the contract, and 20 monthly instalments (Bt 11,600 – 14,000 a month). The remaining amount of the purchase price is paid off on the transfer date.
For the duplex 34 sqm in size, there will be the following payments needed to be made: Bt 30,000 for making a reservation, Bt 223,100 for the contract, and 20 monthly instalments (Bt 10,200 a month). The remaining amount of the purchase price is paid off on the transfer date.
Sinking Fund: Bt 550/sq.m.
Facilities: A stacked garden, Sky Fitness, infinity-edge pool, sunken deck on the rooftop, yoga retreat, and library.
Maintenance Fee: Bt 55/sq.m.
Selling Rate: 40% (Updated on January 22nd, 2016)
Construction Stage: Laying the foundation
Expected Completion: February 2018
Official Website:www.ananda.co.th/
The condo’s architecture is heavily influenced by the futuristic style with mickle patterns on the contemporary and lush exteriors giving more uniqueness and gimmick to the outer walls of the building and somewhat boosting the sales price. Ideo Mobi Bangsue Grand Interchange is located in the midsts of the area with great transportation system, which makes the right choice for those who want to live far from the hectic area but still needs quick lift to get to work on time. The condo is the produce of the consolidated efforts between Ananda and Mitsui who only had a part in this just to diversify its portfolio risks.
The condo’s model
The condo faces towards the east and opposite the supermarket Tesco Lotus Prachachuen. The residential area starts from the 8th floor onwards.
The red line and Bangsue station can be seen in south.
Facilities
The 8th floor above is a residential floor w facilities: – Garden – Stacked garden from 1st to 8th floors, 30 metres -Green Pathway -Serene Library.
A garden retreat with a pool.
An ample green space on the rooftop consisting of: -Sky Greenery Terrace -Stardust and Yoga Area -Art Deco Sky Lounge -Sunset Infinity Edge Pool
Art Deco Sky Lounge
Sunset Infinity Edge Pool
Layout Review
At the sales gallery, there are 2 units of different sizes for show including 26 sqm and 31 sqm.
The 26-sqm unit
-1 living room -1 bedroom -1 kitchen -1 bathroom -Balcony
When entering, the living room comes into view. A TV about 32 – 43 inch in size is perfectly fit for the room.
This room wouldn’t be complete without a dining table set for 2 people.
*In the purchase unit, the living room was emptied and painted in white.
The bedroom is next to the living room, and separated from it by a sliding partition.
A 5-foot long bed can easily fit in the bedroom.
A bedside window for outside view, ventilation and window light.
The room isn’t furnished with a dressing table and wardrobe. Usually both furnishings are purchased and placed at the end of the bed later.
A tiny space for changing clothes.
Kitchen
Built-in hood, hob and sink are offered with the unit.
A suspended cabinetry is also offered. No microwave is available in the package.
A circuit breaker is located inside of it.
A hood from Franke is given with the room.
An electrical hob fixed on the kitchen’s counter bar.
It’s manufactured by Franke as well.
A wardrobe is next the refrigerator by the bathroom’s door.
A sink is inlaid on the counter.
A balcony is accessible from the kitchen.
The balcony is 0.5 m x 1 m in size.
Bathroom
The bathroom is equipped with sanitary branded Cotto.
A faucet from Prema
The shower head and hose of Prema brand are offered, fixed in the wet zone.
Shelves are fixed in place in the room.
The 31-sqm unit
-1 kitchen -1 living room -Balcony -1 bedroom -1 bathroom
In this room, the kitchen is set the foremost of the room.
The kitchen is equipped with a Franke hob.
Built-in cabinets offered.
Also a Frank hood is provided.
Living Room
This room is equipped with 1 AC.
The size of TV about 32 – 43 inch is a perfect match for this room.
Through the window opening in the reception room is the balcony 2m x 1m in size.
A small tea table can be placed on this outdoor plane.
Bedroom
The bedroom can comfortably accommodate a bed 6 feet in length.
There is no room enough to place a TV on floor, so a wall-fitted one is recommended.
A multi-function room that can be used as either a study room or working space.
A mirror can be placed here.
Bathroom
*Sanitary, hose and shelves the same offered as in a 26 sqm room.
The surrounding area
The condo is set in the midst of the cluster of commercial buildings.
An array of restaurants available at hand.
A 7-11 convenience store is also located by the condo gated entrance.
Usual Layout
-A sliding wall for the bedroom (for a unit with a space of 26 sqm)
-Built-in kitchen set
-Hob and hood from Franke
-AC offered. 1 AC for a 26-sqm unit, 2 ACs for a 31-sqm.
-Bathroom sanitary form Cotto
-A faucet and hose from Prema
The area of Bangsue has come far from an old community packed with commercial buildings to one of the most evolutionary urban regions in the city. The factors which play a vital role in this comprise as follows:
-The three transit line development plans including:
The purple line (Bangsue-Bangyai), which is partially successfully implemented. This line is expected to have Tao Poon station as a central interchange platform jointed by Airport Rail Link when fully completed and be officially in service on August 12th, 2016 according to the cabinet solution announced on March 27th, 2015. The second one is an extended blue line, which is anticipated to complete in April 2019 and will span from Bangsue to Thapra/Hua Lumpong to Bangkae. The last line is the red transit line (Bangsue-Taling Chan), which has recently been successfully completed and will be on tap once done with run-through.
-Bangsue Grand Station development plan:
Bangsue Grand Station, alias The Linkage and Business Hub of Asean, is the name of the project of developing the most diverse commercial business hub in Bangkok over an expansive land of 2,325 rais covering multiple transit lines as a centre of transit oriented developments (TOD). It’s anticipated to be officially open to the public in 2019. The speculation has it that by the end of 2047 there will be an estimate of 2-million-worth traffic come and go daily within this hub. The business portion of the hub has 4 constituent parts settled on 305 rais of land, including:
The condo’s location
Map
The flyover crossing over the road onto the supermarket Lotus Prachachuen.
Getting There
By MRT, from Tao Poon station, you can arrive at Central Ladprao at the next four stations, Chatuchak park at the next three stations, and Asoke Interchange station at the next twelve stations.
From Tao Poon station, switching to BTS at Chatuchak/Mo Chit station in between, total train stops are 7 to Victory Monument, 8 to Phaya Thai, 10 to Siam, or 12 to Silom.
Take the transit from Tao Poon to Bangsue and change to Airport Rail Link and continue for 7 more station to Suwannaphum airport.
Make for Exit 2 Bangsue Railway Station
A large banner of Ideo Mobi Bangsue posted by the flank of the station’s entrance.
You can take motorcycle which stops by on the opposite side of the road.
The condo’s location.
The barrier at the front gate.
Go through this alley and exit onto the sales gallery.
The front door of the sales gallery is on the right.
The sales gallery
Expected Return
Currently, the condo prices around Tao Poon area are growing in the price range of Bt 85,000 – 100,000/sq.m. and it would be a huge leap once the new extended line is out. For the rent, the underdeveloped condo near Bang Pho station can be expected with pro-rated rents around Bt 10,000 – 14,000 a month for 1 bedroom unit.
Nearby Condos
Ideo Mobi Wongsawang Interchange
1. Ideo Mobi Wongsawang Interchange
Address: Krung Thep – Nontaburi road, near BTS Bangson.
Project Type: A 30-storey condominium
Units: 559 units
Project Area: 2 rais
Layouts:
Studio [21.5 sq.m.]
1 bedroom [24.5 – 30 sq.m.]
Starting Price: 2.6 MB/unit
Supalai Vereanda Ratchavipa Prachachuen
2. Supalai Veranda Ratchavipha-Prachachuen
Address: Prachachuen road
Project Type: A 29-storey building
Units: 1,705 units
Project Area: 11-3-55 rais of land
Layouts:
Studio [31.50 – 33.00 sq.m.]
1 bedroom [42.50 – 45.00 sq.m.]
2 bedrooms [65.50 – 70.50 sq.m.]
3 bedrooms
Starting Price: 1.85 MB/unit
Chewathai Residence Bangpho
Address: Pracha Rat Sai 2, near Bang Pho station (the blue line)
Address: A 24-storey building
Units: 172 residential units
Project Area: 1-1-94.3 rais of land
Layouts:
1 bedroom [33.50 – 49.00 sq.m.]
2 bedrooms [42.50 – 49.00 sq.m.]
3 bedrooms [95.50 – 117.00 sq.m.]
Starting Price: 3.9MB/unit
Ideo Mobi Bangsue is available for sale at a relatively low price for the lower cost it was developed before more urbanization occurred to this area. When the interchange station adjoining three transit lines come into operation, it will definitely produce greater demand and greater price for the condo around it. In general the area might soon be on par with the CBDs of Silom, Sathorn and Asok but doesn’t ring a bell of those who work daily in Fung Thon. Even if taking BTS or MRT which is supposed to be the most rapid mean of transportation, it will take at least an hour in arrive in Fung Thon, as making around 18-20 stops.
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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