After the thirty years of expertise in hotel business, Mr. Daecha Tangsin, CEO Menam Residences Co., Ltd and Ramada Plaza Menam Riverside, has launched a cutting-edge high-rise condominium in Charoen Krung district, beside Chao Phraya River. The debut has sparkled the market in this area once again. Besides the five-star hotel service and high-class facilities, the prominent point of the project is its freehold type that is rare to find at present. “Menam Residences” is located a short walk from Asiatique The Riverfront, the famous open-air mall of the city. And residents can access to, and from, Saphan Taksin BTS via the shuttle boat service of the residence. Coming with the starting prices of 8-60 MB, await to shine its brilliance across the king’s river.
The cutting-edge skyscraper catering luxurious and blissful living experiences
(Reviewed: 6 May 2016)
• Project Name: MENAM RESIDENCES
• Developer: Menam Residences Co., Ltd and Ramada Plaza Menam Riverside Hotel Bangkok
• Address: Soi Charoen Krung 72/4-1, Charoen Krung Road, Beside Chao Phraya River, Near Saphan Taksin BTS Station, Wat Phraya Krai, Bang Kho Laem, Bangkok
Project’s model
Project Area: 5 Rai 93.3 Sq.w.
Project Type: 54-storey condominium with 294 units
Target market: High-end consumers (locals, foreigners)
Construction progress: 100% completed, transfer date in September 2016
Security System: Video Phone, Digital Door Lock, Access Key Card, CCTV, 24-hour reliable security guards
Facilities: Lush garden that leads to the riverside walkway (G. FL.). Infinity-edge swimming pool, fitness room, indoor and outdoor onsen, sauna rooms, steam rooms, kid’s room, library (10th FL.) Sky Lounge and reflection pond (41th FL.)
Elevator: 6 passenger elevators with automated floor selection (3 in High Zone and 3 in Low Zone), and 1 service elevator
Parking: 1st – 10th floor (total 345 cars, 120% of units not included double parking)
Selling Rate: 90%
Sinking fund: 600 Baht/Sq.m.
Maintenance Fees: 60 Baht/Sq.m./Month
Starting Price: 8.6 MB
Average Price/Sq.m.: 186,000 Baht/Sq.m.
Website: menamresidences.com
Unit Type (Fully Fitted):
1-bedroom 1-bathroom size 44-60 Sq.m.
2-bedroom 2-bathroom size 63-99 Sq.m.
3-bedroom 3-bathroom size 120-162 Sq.m.
Duplex Penthouse size 262-287 Sq.m.
* Offering “Furniture Package” for a complete furnished unit, with exclusive prices
Menam Residences is a 54-storey high-end condominium developed on the area of 5 rai beside Chao Phraya River. Nowadays, lands beside Chao Phraya River in this district are so valuable and owned by a few individuals in private sector. Menam Residences Co., Ltd. has utilized this priceless land to be a cutting-edge riverfront residence, with the design of single-corridor where every unit will have a 312 degrees view of the gorgeous river; in particular, that means “wealth” in Feng Shui. The architectural designed displays like a dragon rising up to the sky, which is also related to the flowing in of money. The project also applies “universal design” that will help elderly living in the residences conveniently.
Master Plan: The entrance of the project is right on Charoen Krung Road (near pawnshop) The garden on the bottom left of the master plan has the size of 3 rai
The number of each unit type, where penthouse units (blue) are located on 49, 51, and 53 floor. Every unit has a view of the Chao Phraya River due to the special design of single-corridor
Unit Plans
1-bedroom 1-bathroom size 48.5/49 Sq.m.
3-bedroom 3-bathroom size 135/136 Sq.m.
Duplex Penthouse size 262 Sq.m.
Menam Residences is developed next to Ramada Plaza. However, there’s a fence between the projects and only residents can access the project for the privacy
The grey model in front of Menam Residences is an upcoming low-rise project of the developer
The upcoming low-rise project will not block the view of units, it has the same height with parking floors
Elegant foyers and lobby of Menam Residences (picture at the actual site)
The prestigious meeting room of the project
View of Chao Phraya River from units in the east of project
View from units in the north
The historic Chao Phraya River amid of Bangkok bustling city
Facilities
5-star services: 24-hour security, guest attendant services, a la carte’ service upon request, housekeeping, laundry/dry cleaning, room maintenance, in-room dining, transportation and doctor-on-call services
Triple Facilities: extensive lush garden that leads to riverside walkway, jogging track, basketball half-court (G. floor), infinity-edge swimming pool, sauna, steam rooms, indoor and outdoor onsen, fitness, kids room and library (10th floor), Sky Lounge and reflection pond (41st floor)
From model: jogging track in lush garden, playground and basketball half-court
Salt-water infinity-edge swimming pool and fitness on the 10th floor. The swimming pool also connects to the other side in U-Shape with the total length of 100 m. and depth of 1.20 m.
Sky Lounge on 41st floor in the model
Lobby at the actual site
Kids Room at the actual site
Swimming pool with the panoramic view of Chao Phraya River (picture at actual site)
Swimming pool area with the view of bustling city (picture at actual site)
Specifications
Flooring: 60 x 60 cm. Granito tiles in living room and pantry, Engineering wood in bedroom
Ceiling height: 2.85 m.
Balcony: starting width at 90 cm., length is 4 m.
Door: Digital Door Lock from Yale with Video Phone from Bticino
Light sytem: Downlight
Kitchen set: Built-in countertop; hob, hood and over from Siemens; sink from Teka
Bathroom sanitary: Kohler
Furnishing: Fully Fitted
Air-conditioning: ceiling-mounted air-conditioning
The unit provides some furnishings for residents. You can access the room via key card, password and key
Video Phone from Bticino
The project provides countertop for residents. The cabinets are in golden-tone and there are mirrors which are easy for cleaning. The project has also built in a storage for a washing machine with ready-to-use water system (at the left of the picture)
Provided hobs from Siemens
Integrated sink from Teka in kitchen area
Plenty of storage underneath the countertop
Oven from Siemens underneath the countertop
The living room can accommodate a 3-seat sofa and a TV shelf. The sliding door to the balcony is made with tinted glass and framed with aluminum in white tone
The barricade at the balcony is a safety glass which does not break into small pieces when broken
Bedroom can accommodate a 5-6ft bed with commodious space beside for interiors as shown in the picture
You can place a working table at the corner as shown in the picture
Most windows in bedroom are fixed except one that can be opened up
TV cabinet can be placed at the end of bed, but if you want more space, set up TV on the wall is another option
The side of the bed is built-in 2-door wardrobe
Bathroom comes with a partition for wet and dry areas. You can access the bathroom from both bedroom and kitchen
Show Unit (3-bedroom 3-bathroom 135/136 Sq.m.
There’s a shoes cabinet on the righ side upon entering the room
Walkway of the unit is 1 m. wide
Spacious living area and open kitchen, decorated with elegance
A refrigerator size of 22Q can be placed in the kitchen, and the show unit has put a 6-seat dining table in this area
2 integrated sinks in the countertop
hob with 4 cooking spots
The living area and open kitchen is very commodious, the right side is the sliding door to the balcony
You can put some seats on the balcony to be a relaxing area as shown in the picture
The small bedroom can accommodate a king-size bed, but a 5ft one is suitable if you need a spare space to walk around with ease
You will get 2-door wardrobe beside the bed as shown in the picture
You can access the bathroom from small bedroom
Bathroom comes with a partition and the sanitary wares are from Kohler
The master bedroom can easily accommodate a king-size bed
You can place a dressing table and TV shelf at the end of bed as shown in the picture
Master bedroom comes with special feature of walk-in closet in front of the bathroom
There’s shower room with rain shower, and the basin area is very extensive in length
Windows in this bathroom are fixed-type
The third bedroom is the smallest where a 3 ft bed is suitable. You can customise this room to be a working room or dressing room according to your preferences
The end of the bed area can be placed with a wardrobe as shown in the picture
Chao Phraya River amid of two prospering areas of Bangkok
Charoen Krung has a characteristic of traditional community, the place where Chinese came to dwell since the period of Ayutthaya Kingdom and now these land plots are in the hand of their heirs who have continued the business and started the new ones, which consequently turned this area to be a potential market of the economy
The area also comprises of many riverside condominiums with the average starting prices ranging from 8-100 million baht per unit. To be honest, to find one residence with freehold ownership is really rare, as most of large-size lands aside the river are owned by governments and individuals who want to develop a community mall instead.
Urban Design and Development Centre has planned to build Yannawa Riverfront Project, which will be a huge enhancement of areas covering from the begining of Taksin Bridge to Chatrium Hotel Riverside Bangkok for a total distance of 1.2 km. The completion of the project will certainly bring land prices in the proximity higher, while the current appraised land prices in this area are at 200,000-500,000 Baht/Sq.w. and will shift higher by 10-20% due to the compeletion of projects.
Map to Ramada Plaza Menam River Side which is the site of Menam Residences Sale Gallery image via km.siamha.com
Menam Residences’s Sale Gallery is located near Ramada Plaza Bangkok Menam Riverside, in Charoen Krung 72/4 Alley, Wat Phraya Krai, Bang Kho Laem, Bangkok 10140. You can come by Saphan Taksin BTS, personal cars, or shuttle boat service of the project
Entrance of Charoen Krung 72/4 Alley, where Ramada Plaza Bangkok Menam Riverside situated
The Sale Gallery is in the innermost area near Chao Phraya River
You will see the construction progress of the project which is nearly 100% completed
Pier with shuttle boat service of the project
Getting There
Menam Residences Map
Coming by Saphan Taksin BTS will be the most convenient way as traffic on Charoen Krung Road is fairly dense. Once you arrived at the station, you can take shuttle boat service of the project to reach the destination
BTS
Saphan Taksin BTS Station
Option 1: Arrive at Saphan Taksin BTS, choose Exit 4 and take taxi or motorcycle taxi to reach the project which is just 1 km. The project will be on your right, notice Ramada Plaza Menam Riverside and Charoen Krung 72/4 sign.
Option 2: Take Exit 2 instead of Exit 4 at Saphan Taksin BTS, you will find passenger pier. Then, find shuttle boat service of Ramada Plaza Menam Riverside, which will take you to its pier that’s just a short walk to the project’s site.
Personal vehicles
From Rama III, take Sirat Expy and exit at Thanon Chan. At Trok Jan Junction, turn left and go straight for about 750 m., you will find Ramada Plaza Bangkok Menam Riverside on the right hand side, turn right into the site (Charoen Krung 72/4)
From Sathon Tai Road, go straight along the BTS Skytrain and take the left track instead of crossing Taksin Bridge as shown in the picture below.
Follow Charoen Krung sign which will lead you to find Charoen Krung Road. Then, turn left into the road and go straight for about 1.8 km., you will find Ramada Plaza Bangkok Menam Riverside on the right hand side which is the site of project’s sale gallery (Charoen Krung 72/4)
Traffic of Charoen Krung Road in the afternoon (will be more dense in the morning and evening due to the nearby Shrewsbury International School
Menam Residences project site is situated near Charoen Krung 72/4-1 as shown in the picture
The opposite side of project’s site
There’s ฺBangkok Bank at the opposite side as well
Project’s site is situated near this pawnshop
Lifestyle Amenities
Boasting on Charoen Krung with the presentday prosperity and the pride of its history
You can easily see an array of riverside residences on each side of Chao Phraya River. These residences provide restaurants and bars for residents to have a dine and drinks along the view of the river. Especially during the sunset and night time, the vista is usually admirable. The riverside residences you can see are Ramada Plaza, Mandarin Oriental, Shangri-La, Royal Orchid Sheraton, Millennium Hilton, etc.
If you’re thinking about a community mall or shopping centre, the closest one is inevitably Asiatique The Riverfront where you can have a short walk to this place from Menam Residences. You find a total of 1,500 retail shops with various commodities and great 40 restaurants with different tastes and styles. Asiatique is also scheduled to develop the second and third phase which will include retail shops, parking building and hotels
Another famous place is “Sena Fest” that situated on Charoen Nakhon Road. It’s a four-storey community mall with many restaurants, retails, supermarket, IT goods, banks, beauty-care shop, and educational institution for kids
Now there’s one upcoming project of the era which will bring a tremendous growth to this area, that is “THE ICONSIAM.” It’s a project that includes ultra-luxury residence and high-class department stores such as one from Japan “Takashimaya.” When the project comes to completion, the area will surely be an attractive location that brings a lot of consumers in from different parts of Bangkok city.
Returns Analysis
The yield rate for leasing a unit out is around 6.32-7.20% per annual. The average rent price range between 50,000-60,000 Baht/Month with the unit price at 190,000-200,000 Baht/Sq.m. The uniqueness of this project is its freehold characteristic, comparing to the majority of leasehold projects. The project is also situated in a potential area with a renowned shopping centre, along view of the Chao Phraya River from every unit as another prominent point to captivate buyers.
Benchmark
Four Seasons Private Residences
Four Seasons Private Residences Bangkok image via fourseasons.com
Project Name: Four Seasons Private Residences
Developer: Country Group Development Public Company Limited
Address: Charoen Krung 64 Alley, Charoen Krung Road, Yan Nawa, Sathorn, Bangkok
Website: fourseasons.com
Project Area: 35-2-68 Rai
Usable Area: 104 – 499 Sq.m.
Project Type: 73-storey condominium with 353 units, unit types are 1- to 5-bedroom and penthouse
Parking: 100%
Starting Price 300,000 Baht/Sq.m.
The 30-year expertise in hotel business of Menam Residences Co., Ltd. has finally shown through the cutting-edge high-rise residence. “Menam Residences” is a high-end 54-storey riverfront condominium situated on Charoen Krung Road that comes with 5-star hotel service and high-class facilities for residents to admire. The project applied the concept of “universal design,” that helps all ages, genders, and handicapped ones to live in this habitation conveniently. The distinctive point also lies in the “single-corridor” that enables every unit to have the view of Chao Phraya River. And the unique selling point is its freehold type that is rare to find at present. In terms of investment, the unit prices may shift with a smaller gap, comparing to the more luxurious projects such as those in the iconsiam. Nevertheless, the yield rate will range at 6.32-7.20% per year and the lower starting price, due to some distances from the river, is another advantage. Together with the plus of nearby Asiatique The Riverfront and convenient access to, and from, Saphan Taksin BTS, it’s a worthwhile project for those affordable ones.
CARAPACE Hua Hin-Khao Tao one of the interesting projects which is not far from Hua Hin. It is located at Khao Tao beach near Petchkasem road. There are many room types available. The space varies between 26 to 43.53 square meters. Full facilities access in the common area whether it be the Grand Lobby, All Day Dining, Fitness, Swimming Pool, Water park, Beach Club. The price starts from THB3.5 million.
Supalai Icon Sathorn is a 56-storey (not included rooftop) luxury condominium with 787 units. The project offers a variety of unit types, and is close to the BTS, MRT, BRT as well as the Rama 4 and Sathorn expressway entries. The starting price is 8.2 MB.
The Triple Y Residence is located in a mixed-use development, Samyan Mitrtown, which comprises office, retail, residence and facilities Starting 4.49 million Baht
