New Project Preview: The Residences at Mandarin Oriental Bangkok

  • Sitth Chongprasobtam
  • 12 May 2016

One type of assets that always gleam in the market regardless of the situations is the ultra-luxury one. The Residences at Mandarin Oriental, a 52-storey condominium sits beside Chao Phraya River in the project of THE ICONSIAM. Comes with the supreme management from Mandarin Oriental, residents can expect an unsurpassed quality and living experiences. It is now being captured in the eyes of local and foreign millionaires; there are 146 units available for those privileged to live in the first Mandarin Oriental residence of South East Asia.

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Ultra luxury residence where supreme elegance meets utmost privacy

Project Name: The Residences at Mandarin Oriental Bangkok

Developer: The ICONSIAM Superlux Residence Corporation Limited

Joint-Developer: Magnolia Quality Development Corporation Limited, Siam Piwat Company Limited, Charoen Pokphand Group

Address: THE ICONSIAM, Charoen Nakhon Rd., Khlong San, Bangkok

Website: http://www.moresidencesbangkok.com

Call: (+662)-118-2211

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Sheer brilliance along the stretch of historic Chao Phraya River

(Reviewed: 15 October 2016)

Project Area: 4-3-62 Rais

Project Type: High-rise 52-storey condominium one building, 146 units

Unit/Floor: 4 units

Target: High-ends, Business people, Investors

Construction Status: Begins in the third quarter of 2016

Expected Completion: 2018

Access System: Key Access, Private Lift Lobby

Parking: 350 cars

Maintenance Fees: 160 Baht/ Sq.m./ Month

Sinking Fund: 1,200 Baht/Sq.m.

Starting Price: 350,000 Baht/Sq.m.

Terms of Payment (Reviewed: 15 February 2016)

Booking Payment: 300,000 Baht

Contract Payment: 2,411,310 Baht

Down Payment: 25% of unit price, 30 installments

Unit Type: 

2-Bedroom Size 127.87-165.40 Sq.m.

3-Bedroom Size 222.21-228.88 Sq.m.

Penthouse Size 380.93-383.98 Sq.m.

Penthouse Duplex Size 707.28 Sq.m.

 

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Unit Type: 2-bedroom on the 6th Fl. 150.17 sq.m. priced at 54,226,200 MB or 361,098.75 baht/sq.m. (Fully Fitted).

Fully Fitted Offerings:

Ceiling Height 3.2 m.

Private lift lobby

Walk-in closet

Storage & Wash Area

Hob & Hood

Kitchen & Sink

Fully Furnished Offerings:

Custom made by designer Joyce Wang

Similar to Fully Fitted unit with extra:

Loose Furnishing

Carpet

Curtain

Wallpaper

Tailor-made headboards by Fromental of London

Lighting fixtures

 

2-Bedroom Size 127.87-165.40 Sq.m.

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 3-Bedroom Size 222.21 – 228.88 Sq.m.

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Penthouse Size 380.93 – 383.98 Sq.m.

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Penthouse Duplex Size 707.28 Sq.m.

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Project Details

Every unit in The Residences at Mandarin Oriental Bangkok has been designed in spacious layout with a ceiling height of 3.2 m. The common area on the 4th and 5th floor, has a combining area of 3,000 sq.m. Those areas are designed in Modern & Contemporary Style by Joyce Wang, a world-class designer who put his focus on the concept of finest luxury in this project. He is credited for world-class projects such as The Landmark Mandarin Oriental Hotel in Hong Kong, Mandarin Oriental London, Xintaindi Penthouse and KHH Headquarters. For Fully-Furnished units, the price will increase by 60,000/sq.m. from Fully-Fitted units.

Construction: ITALIAN-THAI DEVELOPMENT PLC.

Interior Design: Joyce Wang

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The entrance of the project will be the carpeting of Astroturf, creating a sense of greenery along the path

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The ongoing construction

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Sales Gallery

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Model of the project, illustrating a bird’s eye view of the city along the gorgeous curve of Chao Phraya River

Master Plan

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From the graphic, The Residences at Mandarin Oriental Bangkok is at no.5 aside the river; Magnolia Waterfront Residences is at no.4; Luxury Department Store on the area of 25,000 sq.m. at no.3; Main Shopping Center on the area of 500,000 sq.m. at no.2; and renowned Japanese high-end Department Store Takashiyama at no.1.

Ground Floor

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Floor 4th – 5th

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Floor 36th


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Unit Layout

2-bedroom 127.87 – 165.40 Sq.m.

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6th-42nd Floor comprise of 2-bedroom unit, available 2-3 units in each floor with 3-bedroom units on some floors. Every unit face towards Chao Phraya River in the east.

3-bedroom 222.21 – 228.88 Sq.m.

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3-bedroom units are available between the floor of 6th-47th and these are cornered unit. 3-bedroom with a wider area of 228.88 sq.m. will be at the center of the floor plan which face in the direction of Chao Phraya River; available only 3 units per floor.

Penthouse 380.93 – 383.98 Sq.m.

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Penthouse 380.93-383.98 sq.m. will be on 48th-50th floor. On 48th-49th Floor are standard Penthouse and Penthouse Duplex with the area of 386.12 sq.m. while Penthouse on 50th floor has an area of 383.98 with a greater view of Chao Phraya River.

Penthouse Duplex 386.12 Sq.m.

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The first floor includes recreational area, living room, and working space while the second floor comprises of three bedrooms, one Master Bedroom and two bedrooms

Penthouse Duplex  707.28 Sq.m.

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Penthouse Duplex 707.28 sq.m. is the only unit on the top floor with exclusive designs embracing the scenic view along the curving Chao Phraya River. The starting price is 550,000 baht/sq.m.

Surroundings

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The model illustrates positioning of the project

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Millennuim Hilton nearby the project

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Lush lawn adpacent to the river along the pier

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Gazing down the serenity of curving Chao Phraya River

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An astounded city’s skyline from the view point of futuristic project

North: 30-storey Millennium Hilton which situates in quite a distance from the project; therefore, a great vista is not obstructed by the building

South: The futuristic ICONSIAM

East: The scenic view of S-curve Chao Phraya River, renowned as the best spot to cherish the view.

West: Frontage of the project with 8-lanes street; the opposite is an array of 2-3-storey buildings.

 

Fully Fitted Features

Lift: Private Lift Lobby

Flooring: Custom-Designed Flooring

Ceiling Height: 3.2 m.

Wardrobe: Walk-in closet

Windows: Floor-to-ceiling windows

 

Fully Furnished Features

Furnishing: Loose Furniture, Carpet, Curtain, Lamps

Wall: Wallpapers

Headboard from Fromental London

 

Every unit has features of Fully Fitted Unit; while Fully-Furnished Unit require extra payment at 60,000 baht/sq.m.

*Privileged benefits for residents, granted a membership of “Residences Elite Programme” from Mandarin Oriental Hotel. Offering privileges as a VIP when visiting Mandarin branded hotels or department stores in ICONSIAM.

Facilities

F1

Grand Residence Lobby

F2

The Chao Phraya Lounge

F3

The Mandarin Gallery

F9B

Garden Loft

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Outdoor Infinity Swimming Pool & Jacuzzi

F18

The Library

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The Oriental Salon

River Terrace

Poolside Barbecue Terrace

Club House

Business Center

Lounge

Infinity-edge Lap Pool, อ่างจากุซซี่

Fitness Center

Simulated Gold Course

Video-Game Room

Automatic-Parking System

24-hour Security System on both entrance and parking

Showroom Unit Type BB: 2-bedroom 150.17 sq.m. Granted 2 parking lots

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Private Lift Lobby delivers residents directly to the front door of the room. Beside is the closet which the residence provides a branded dry-clean service from Mandarin Oriental

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Key Card Access Door Lock

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Upon entering the room, the foyer is decorated with flower shelf and pristine mirror

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Elegant flooring with material of natural stones, providing spacious feel with simple pattern as shown in the picture

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On the right upon entering is a space nearby shoes cabinet with a floor-to-ceiling window and comfortable seat

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The dining area can be seen from this spot. The restroom is on the left. The storage on the right can be placed with a front-load washer inside. Ont the right is also the way to the second bedroom

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Ceiling-Mounted Air-Conditioning

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The elegant basin in the restroom with material of natural stones exposing in dark tone

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Sanitary wares from Toto and Chinese-style Wallpaper designed in by Joyce Wang with several patterns for residents to choose

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Entering the second bedroom, a built-in wardrobe is on the left and bathroom is on the right

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A broad wardrobe considering a bedroom suitable for one person

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The bathroom is designed with materials of marbles on the wall and flooring of Mosaic Tiles. The shower area is equipped with a partition for wet and dry areas separation; along a floor-to-ceiling window to cherish the scenic view of city horizon

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The basin is similar to the one in restroom

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A storage underneath the basin designed by Joyce Wang in an elegant look through prudent dark lines and gold handles

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The lid automatically open via censors and residents can control different functions via a remote. Neorest AH Toilet from TOTO worth 260,000 Baht

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The water heating system is set behind the wall. As well, provided with shelf for placing shower set, and a shower seat as shown in the picture

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Rain Shower from Hansgrohe size of 260 x 260 mm

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A manual curtain for residents to enjoy the view from the bathroom

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The second bedroom can accommodate a 5ft bed and a working table with reamaining spaces as shown in the picture

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A broad floor-to-ceiling window to enjoy the view of city on Charoen Nakhon Road side

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The ceiling with percieved depth designation, with LED light to comfort residents’ eyes

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There is a storage behind the wall above the working table, slides to open

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The main area of the unit lies a synchronization of kitchen and dining table. The area can even be equipped with 6-8-seat dining table; a 4-seat dining table, on the other hand, gives a spacious feel to the room

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The sliding door enables the room to be both closed and opened kitchen. The sliding door is made with tinted-glass and framed with aluminum

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Fittings in the kitchen from first-class brand of Germany “Bulthaup.” The room is permeated with Sand – Beige Aluminum tone to accentuate sense of luxury

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A top-class regrigerator from Siemens with 60 cm. width and total storage of 272 liters. The appliance can also swap to eco-mode “Holiday” to save energy while being away from the residence

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The residence provides a countertop with natural Quartz on the surface, as well as hob, hood and storage

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Hood from Germany top-brand, “GAGGENAU”

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An air-ventilation equipped on the ceiling of the room

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Coutertops of the kitchen has a built-in sink. Underneath is a room for oven or specific appliances; all are materials from Germany top-brand

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Sink and Faucet from FRANKE

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A broad wooden wall beside the dining table gives warmth feelings to the residents

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AN exquisite living room with an L-Shape sofa for six to eight people. The balcony outside is connected through a four-part sliding door and two-layer curtain that can efficiently block the sunlight

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Beside the TV are closets on each side. The wall in the middle can be placed with 64″ TV

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The entrance of Master Bedroom at the back of sofa

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Light switches where residents can adjust brightness

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There will be nothing in front of the balcony as the one in the picture

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Every unit’s balcony will face toward the scenic river with different angles upon unit’s spot. The balcony is laid with 3 mm Engineered Wood flooring and has a width of 1.2-1.5 m.

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Residents can come out to the balcony from master bedroom

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The master bedroom is also equipped with the same curtain as in the living room. A king-size bed is suitable for the room

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Masterpiece Board above the bed designed by Joyce Wang with several styles for residents to select into the room

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TV on a shelf and a seat at the end of the bed. Fully Furnished Unit comes with a greater features in this area

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View on the other side of master bedroom. the right side is the walk-in closet which leads to the bathroom

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Extensive walk-in closet

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View inside the bathroom with elegant material of natural marble

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From left to right is the basin, toilet room and shelf beside the bathtub

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Recline yourself in the bathtub with the view of city skyline. The bathtub system is from Water Work and faucet from Hansgrohe

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The shower area is slightly smaller than the one in the second bedroom, but still equipped with a seat and window to enjoy the city view

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Different floorings throughout the unit

 

 

 

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Location

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THE ICONSIAM is situated on the area of 50 rais. The proximity area comprises of high-rise buildings,community malls and retails. The starting price is anticipated to be the highest record in of condominiums market.

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The project is divided into two phases. The first phase is Magnolia Waterfront Residences, a 70-storey condominium with 379 units and unit types as follows:

  • 1-bedroom 60-79 sq.m. 203 units
  • 2-bedroom 95-126 sq.m. 107 units
  • 3-bedroom 144-222 sq.m. 61 units
  • Duplex 293 sq.m. 2 units
  • Duplex Sky Villa 238 sq.m. and 276 sq.m. 2 units
  • Sky Villa 346 sq.m. 4 units

Every unit has the ceiling height of 3 m., starting price range is 15-125 MB/Unit equals to 230,000-360,000 Baht/Sq.m.

The second phase is the project of The Residences at Mandarin Oriental Bangkok, a 50-storey condominium. THE ICONSIAM will include Takishayama Department Store, the renowned Japanese high-end mall which is the first branch in Thailand. Takishayama Department Store is a 7-storey building with an area of 36,000 sq.m. worth 3,000 million baht.

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The Residences at Mandarin Oriental Bangkok is on the land plot with highest value in this district. The starting price of Magnolia Waterfront Residences ICONSIAM even shifted higher this year from 250,000 Baht/Sq.m. to 270,000 baht/Sq.m. The location is also accessible to several routes as shown in the picture above. Residents can also reach Nonthaburi by travel along Chao Phraya River.

Getting There

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From Rama III Road, head toward Sathorn Rd and cross King Taksin Bridge. Once crossed the bridge, take a right turn at the first junction into Charoen Nakhon Rd. Go straight for 3.5 km., the project will be on your right.

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From the city side, you can reach the project by crossing Phra Pokklao Bridge and Saphan Phut

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Once crossed the bridge, keep left to take a left turn at the first crossroad

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Follow Sathorn direction, leading you rightward along the way

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Straight for about 500 m., you will arrive at the project on the left

From city side, cross Phra Pokklao Bridge or Saphan Phut, then stay on the left track to turn left at Somdet Chao Phraya Rd; noticeably Sueksa Nari School at the opposite of the junction. Once entered Somdet Chao Phraya Rd, go straight for 1.5 km., then take a right turn into Charoen Nakhon Rd; go straight for 500 m., THE ICONSIAM will be on your left.

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Saphan Taksin BTS Station

Alight from Saphan Taksin BTS Station, you will find the main pier beneath the station. There are taxi boats which deliver passengers to Asiatique and different hotels. To arrive at the project, there will be a taxi boat from Mandarin Oriental Hotel taking you from this point to the hotel’s jetty; then you can take a ferryboat of the hotel across the river to THE ICONSIAM.

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The project situated rightward across Saphan Taksin BTS Station, taxi boat will sail beneath the bridge

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Sathorn Bridge Pier

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Mandarin Oriental’s passenger boat

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The opposite of Mandarin Oriental Hotel, the area on the right of THE ICONSIAM

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Mandarin Oriental

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Mandarin Oriental’s pier

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Undergoing construction of The Residences at Mandarin Oriental Bangkok in ICONSIAM territory

 

Lifestyle Amenities

The Jam Factory

The Never Ending Summer

Sala Rim Naam Mandarin Hotel

Wat Yannawa

Blue Elephant

Sirocco

Sena Fest

Asiatique The Riverfront

 

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Analysis

The current unit price is at 350,000 baht/Sq.m. which is the highest in Charoen Nakhon district. However, this price can potentially fetch up to a higher value. Comparing to other projects in the proximity, their starting prices have been shifted up as well, but still at the maximum of 300,000 Baht/Sq.m. When THE ICON SIAM comes to completion, we can expect the price range to be extremely high. Thus, acquiring a unit early seems to be worthwhile for investment.

Benchmark

Four Seasons Private Residences Bangkok

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Project Name: Four Seasons Private Residences

Developer: Country Group Development PCL.

Project Type: 73-storey aside-river residence with total unit of 355, worth 19,000 MB in values

Parking: 600 cars for residents

Average Price/Sq.m.: 300,000 Baht/Sq.m. (reviewed: 19 March 2558)

Sinking fund: 1,000 Baht/Sq.m.

Maintenance Fees: 120 Baht/Sq.m./Month

Unit Types as follows:

1-bedroom 104 Sq.m.

2-bedroom 115-140 Sq.m.

3-bedroom 191-253 Sq.m.

4-bedroom 355-399 Sq.m.

5-bedroom 492-499 Sq.m.

Penthouse

The River

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Project NameThe River

Developer: Raimon Land PCL.

Project Type:  two high-rise residences. South Tower with 71 storeys and 519 units, North Tower with 41 storeys and 307 units. Also, two 3-storey commercial buildings in front of the residential building. South Tower has maximum of 13 units on each floor while North Tower has 16 maximum of 16 units on each floor

Parking: 1,217 cars approximately

Project Area: 12-3-41 Rais

Unit Types

Studio 44.20-52.59 Sq.m. (North Tower))

1-bedroom 62-66 Sq.m. (South Tower) 56-69 Sq.m. (North Tower)

2-bedroom 207-232 Sq.m. (South Tower) 78-136 Sq.m. (North Tower)

2-bedroom Duplex  136-137 Sq.m. (North Tower)

3-bedroom  207-229 Sq.m. (South Tower) 149-231 Sq.m. (North Tower)

Loft Duplex 384.86-409.92 Sq.m. (South Tower) 247.55 Sq.m. (North Tower)

Penthouse 588.78-637.46 Sq.m. (South Tower)

Home Office 181.91-287.48 Sq.m. (North Tower)

Starting Price: 6 – 270 MB/Unit

Average Price: 90,500 – 420,000 Bath/Sq.m.

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Summary

The Residences at Mandarin Oriental Bangkok is an ultra-luxury condominium with 52 stories, located in the area of THE ICONSIAM beside Magnolias Waterfront Residences. The residence is situated on RAMA III Rd, on the spot to enjoy the best view of Chao Phraya River. Residents will enjoy renowned department stores, retails, Michelin-Starred restaurants and holistic spas in the area. As a matter of fact, it is the first residence under the brand Mandarin Oriental in South East Asia Region. The sleep of real estate industry has little effects as the target market is a small group of affluent buyers. In terms of investment, this unit price will certainly fetch up higher when THE ICON SIAM comes to completion in 2018; thus, acquiring a unit early will yield a lot of profits in the long run. In terms of buying as a habitation, this futuristic landmark offers the utmost luxury living experience.

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Eric Wong

Sitth Chongprasobtam