Suburban area is another high-residential-demand territory, and with the public transportation system that snakes throughout the city plan, it is becoming so convenient to commute to places here. Regarding this characteristic, Chewathai Phetkasem 27 is a new-brand high-rise condominium, scheduled to locate near BTS Bang Wa, a station that is soon to be an interchange point to the MRT Blue Line. This retreat offers living experiences in a resort-like style, yet commences the starting price below 2 million baht. Anyone who has to commute a far distance from inner-city to here would find this residence appealing, as well as those whose children are studying in this vicinity. How much quality can this condominium bring, and how convenient your life will be to live here, let’s find out.
An elite gem of suburbanites world
Project Name: Chewathai Phetkasem 27
Developer: Chewathai Public Company Limited (CHEWA)
Address: Soi Phetkasem 27, Phetkasem Road, Phasi Charoen District, Bangkok
Website: www.chewathai.com/Chewathai-Phetkasem-27
Call: 094-460-4482
(Reviewed: 28 September 2016)
Project Area: 4 – 0 – 36 rai
Project Type: 26-storey condominium
Target market: Suburbanites, urbanites who commute to work or study in suburban areas, families with 3 members at maximum
Construction Progress: waiting for EIA approval
Parking: 245 or 38% of residential units (45% if included double parking)
Facilities: lobby, gardens, swimming pool, fitness, lounge, multipurpose room
Security System: CCTV and 24-hour security guards
Selling Rate: 35 – 40% of units are sold at time of writing
Terms of Payment: Booking + Contract Payment 100,000 – 200,000 Baht (varied on unit sizes)
Sinking Fund: 500 Baht/Sq.m. (one-time payment on the transfer date)
Maintenance Fees: 35 Baht/Sq.m. (1-year advance payment, pay on the transfer date)
Starting Price: 1.89 MB
Average Price/Sq.m.: Approx. 79,000 Baht/Sq.m.
Unit Type
–Studio 24 Sq.m. (205 units)
–1 Bedroom 31 Sq.m. (387 units)
–2 Bedroom 43 Sq.m. (46 units)
Chewathai Phetkasem 27 is designed in a resort-condo style, catering both modernity and functionality throughout the project. It’s a 26-storey retreat which sits on the area over 4 rai, aimed to accommodate middle-end consumers with the focuses on maximising the aspects of works, schools, and rejuvenation.
The project’s model also includes the MRT Blue Line in front, which is expected to be officially operated in 2019
Directions around the project
Master Plan
The first floor comprises green space, lobby, mail room, and multipurpose room
1A floor is the parking
second and third floors are also parking
The 4th floor comprises 22 residential units and facilities including swimming pool, fitness, green space, and recreational area
5-26 FL. comprises residential units with 25 unit per floor approximately
The rooftop is the parking for helicopter
Facilities
Chewathai Phetkasem wants residents to feel as if they are living in the resort; the landscape full of verdant trees, the recreation area, and the swimming pool all complement the mentioned aspect to be fulfilled. Moreover, with the starting price at less than 2 million baht, this asset is a sound and worthwhile spending. The facilities are located on the first and fourth floor.
The outdoor area on the ground floor is also included rich nature
The back of the project is also a long deck for residents to stroll along Phasi Charoen Canal
The fourth floor comprises verdant trees and recreational space
The recreational space is laid with a waterproof flooring. The facade also has a design of copper-tone vertical lines extended outward from the building
The opposite side are resort-style swimming pool, fitness and an unwinding space with shady trees throughout the area
1-4 FL. are parking floors which are beautifully covered with wooden design on the outside
Show Unit Review
Specifications:
Ceiling Height: Approx. 2.45 m.
Flooring: 8 mm. laminate in bedroom and living room, 30 x 30 cm. ceramic tiles in the bathroom and balcony
Furnishing: kitchen set and air-conditioners
Studio Type A1: 24 Sq.m.
This unit type comprises living room, bedroom, kitchen, bathroom and balcony
The bedroom and living room (first zone upon entering the room) are smoothly connected to each other, while the kitchen, balcony and bathroom are on the other side. The ceiling height is around 2.45 m.
A small-scale middle table is recommended for the living area
The TV size should not be over 40″. You can also opt to set up the TV on the wall for more space between the sofa and TV (The TV shelf is not provided)
The bookshelf and storage above the sofa are just the interior design of the show unit
A queen-sized bed can be placed in the bedroom despite the remaining confined space at the end of bed
There are drawers and upper shelf at the end of bed. You might need to add clothing rack as shown in the picture. The top part of the drawers (black part) will also be different
The headboard and decorations around the bed are just ideas of a bedroom design
Kitchen
The kitchen comes with countertop and built-in dining table. The countertop has only sink and storage for a microwave
The right side is a sliding door connected to the balcony
The built-in dining table is quite modest, suitable for two people
the bathroom is on the opposite side of the balcony. The wall and flooring are occupied with different shades of grey and sandy-tone tiles
Shower and mirror are provided for residents
The shower area is zoned with a little step. You can add a shower curtain to keep other parts of the room dry
Another step to watch out at the bathroom’s entrance
Type B2: 1-bedroom 26 Sq.m.
This unit type comprises living room, bedroom, kitchen, bathroom and balcony. The layout is quite different from the previous unit type
Kitchen is the first zone you will meet, while the inner zone is the living area. The upper shelf of the actual unit does not extend all the way to the balcony, but to the length within the kitchen zone
The area opposite of the kitchen counters can be placed with a modest dining table
The living area is slightly larger compared to the studio unit. Therefore, a larger sofa and TV can be placed
The shelf behind the sofa is also an interior design of the show unit
Bedroom
The bedroom is also larger than the studio type. However, the surrounding interiors are just the show unit’s props
The bathroom features simmilar specifications as the studio unit
The shower and mirror of the bathroom
Type D1: 2-bedroom 43 Sq.m.
Comprises 2 bedrooms, kitchen, living area, bathroom and balcony
Upon entering the room, you will find the entrance of master bedroom and walkway from the dining table to the living room
Near the unit’s main entrance are the little space to add a shoes cabinet on the left, and bathroom on the right
Bathroom
Similar features as the previous show units
The dining area can accommodate several members, as well as the living area (noted that most interiors are the show unit’s props including the dining table, lamps, and the painted-design on the wall)
The living area is quite spacious for several people to stretch out and walk around
The small bedroom can accommodate a 3ft bed for its best. The actual unit comes with a bare room
Windows at a corner in the small bedroom, giving a little feel of panoramic view
The side of the bed is suitable to add a built-in closet or a ready-to-use one. A sliding door-type closet is suitable as it saves up space and does not obstruct the walkway
Looking out from the small bedroom’s entrance
The kitchen comes with kitchen counters of sink, drawers and cabinets
The balcony is next to the kitchen and there’s light switch of the kitchen area near the sliding door
Master Bedroom
Both king and queen-sized are compatible for the master bedroom. The side window can help brining natural light and wind into the unit to add an airy ambiance
Left: the space remained with TV shelf inclusion. Right: the side of bed which can be added with closet and dressing table
The traffic congestion point in the past
Chewathai Phetkasem 27 is located on Phetkasem Road Soi 27. If you come from the inner-city, cross King Taksin Bridge and drive towards Ratchaphruke Road. You will eventually find a crossroad between Ratchaphruke Road and Kanlapaphruke Road; of course, take the first one. In addition, this junction, in the past, used to be a traffic congestion point. However, recently the government has gentrified this point with new road structure, thus, the traffic nowadays flows much smoother towards the two roads. The reason to mention this point is due to the fact that Ratchaphruke Road is the passage to reach Phetkasem Road, meaning your travelling has been alleviated.
The new road infrastructure help alleviate the traffic jam
The public buses route usually start on Phetkasem Road, heading to Rama III Road, and finish on Charoen Krung Road. In general, there is no public bus on Ratchaphruke Road
Phetkasem’s neighborhood (Living Factors)
Department Store
Seacon Bangkae
Seacon Bangkae was rebranded and renovated from the old deserted Future Park Bangkae. The renovation started promptly as the MRT Blue Line extension was approved to be landed on this area. It is borne in everyone’s mind that wherever the public transit goes, the more developments, residential demand and prosperity that area earns
Seacon Bangkae is about an 8-minute drive from Chewathai Phetkasem 27
The position of Chewathai Phetkasem 27 and Seacon Bangkae
Positions of the three lifestyle amenities
There are main three shopping complexes in the proximity. First, The Mall Bangkae is the closest one and you can enter this department store from Phetkasem Road. It could perhaps recognised as the landmark of this district; it’s a grand shopping centre full of shopping lists you will ever need and has been operating for several decades. Second, Big C Phetkasem is a smaller-scale shopping complex with several buildings on the landscape. Here you could find a theatre, restaurants, supermarket, street market, book store, Home Pro, etc. Third, Victoria Gardens is the latest lifestyle amenity in this area. It’s a community mall decorated in European style, with a variety of restaurants you could find.
Schools and Hospitals
The closest educational institution is Siam University which is located on the opposite side of the project. An 8-minute drive away is Phayathai Hospital 3, where you have to make two U-Turns to reach. If you drive to King Taksin The Great Monument and proceed towards Memorial Bridge via Prajadhipok Road, there are more number of renowned universities as shown in the picture.
Real Estate Booms on Phetkasem Road (Phasi Charoen District)
Condominiums in the vicinity includes Supalai Park Ratchaphruke-Phetkasem from Supalai Public Company Limited, Bangkok Horizon from Chao Phya Public Company Limited, and The President condominiums from Chaipattana Land Company Limited. Supalai Park Ratchaphruke-Phetkasem is the first one debuted here among all, and situated closest to BTS Bangwa.
Office Buildings
There are upcoming office buildings on Phetkasem 33/5, which indicates a greater number of office workers that will come here along the completion of MRT Blue Line Extension. The area will comprise 3 office buildings and Phetkasem 33/5 is a short walk from Seacon Bangkae.
Commuting Factors
In spite of being situated on Phetkasem Road, Chewathai Phetkasem 27 is considered to be located in the Grid Road System, or the place of well connectivity. Nearby the project are Ratchaphruke and Kanlapaphruke roads, where the first one can take you further to Borommaratchachonnani Road or access to Sathorn CBD via King Taksin Bridge; the latter one can lead you to exit on Kanchanaphisek Road and you can proceed further to Rama II District. Besides, you can also reach Puttamontol roads (Sai1-Sai4) via Phetkasem Road; most suburbanites will be familiar with these roads.
Chewathai Phetkasem 27, located near Phetkasem 27 Alley, can be reached by Ratchaphruke Road. If you come from Borommaratchachonnani Road side, drive straight all the way and follow the sign Phetkasem Road (to Bangkhae), you will turn right into Phetkasem Road and the project will be a short drive away on the left. If you come from the other side (from King Taksin Bridge), also follow Phetkasem sign, you will be driving on the leftmost lane on Ratchaphruke and eventually descend on Phetkasem Road and the project will be a short drive away on the left. In addition, Phetkasem Road may be an over-dense thouroughfare at the moment due to the ongoing construction of MRT Blue Line, which will be completed in 2018 and officially operate in 2019.
Some MRT Blue Line stations along Phetkasem Road
When the MRT Blue Line Extension is completed, Bang Wa Station of BTS Green Line will be an interchange station between the two routes. Furthermore, the BTS Green Line is also scheduled to be extended further towards Kanchanaphisek Road. From the project, if you want to reach Kanchanaphisek Road, drive straight on Phetkasem Road and you will find a U-Turn bridge on the left; before you reach the U-Turn Bridge, there’s also the entrance to Kanchanaphisek Road (towards Rama II side) on the left. You will notice The Mall Bangkae on the right around the two mentioned entrances to Kanchanaphisek Road.
If you drive straight all the way, crossing Kanchanaphisek Road, you will be heading towards Nakhon Pathom Province
Getting There
Personal Vehicle
From King Taksin Bridge, you will pass several BTS stations on Ratchaphruke Road. Until you have passed BTS Wutthakat, follow the sign Phetkasem Road. The project will be a short drive away on the left once you have descended on Phetkasem Road.
On Ratchaphruke Road, follow Phetkasem Road sign (the yellow-framed sign)
Keep following Phetkasem Road sign (the left)
You will be decending on the lower ground and forced to turn left into Phetkasem Road
A short drive further around 500 m., you will find the project on the left
Sales Gallery
Project’s site
Waiting for the construction to begin
The project’s site is next to 4-storey flats
Not too far away, residents can spot the neighbor condominium
Phetkasem Road in front of the project and the ongoing construction of MRT Blue Line Extension
The opposite side is Siam University
Lifestyle Amenities
Besides the nearby Seacon Bangkae and other shopping complexes on Phetkasem Road, there are a great number of admirable places on Ratchaphruke and the three recommended ones in this review are Villa De Bear, Jub Pae Chon Kae and The Most Bar & Bistro.
Villa De Bear
A European-designed restarant with handcrafted fusion Thai and Foreign dishes. There’s an iconic bear sculpture in fron the landscape, where many come to take pictures and enjoy savory foods in this little switzerland town
Jub Pae Chon Gae
A new-brand bar which situated close to Villa De Bear, decorated in retro-style and also offers both indoor and outdoor seats. The uniqueness of this place is the inclusion of superhero figures that stand all over the place.
The Most Bar & Bistro
Another great bar-and-restaurant place with the unique design of Italian feel and the inclusion of pond in the seating area just add another dimension to the place. There are famous singers and music bands here once in a while.
The position of the three places
Returns
By looking at the neighbor condominium, Supalai Park Ratchaphruke – Phetkasem, whose unit price (46 Sq.m. type) has surged by 600,000 baht, from 2.7 to 3.3 million baht in a period of six years. This mean the annual capital gain is at 100,000 baht, equal to 3.7% of the debut starting price in 2010.
The land price appraisals on Phetkasem Road also show an increase, from 110,000 baht/Sq.w. (2012-2015) to 120,000-175,000 baht/Sq.w. (2016-2019). The wide gap of land prices indicates the varied values of land in each area along Phetkasem Road, which is a long highroad. As a matter of fact, land prices around Tha Phra Junction has the strongest growth potential due to the upcoming interchange station of MRT Blue Line. Another potential area is, however, on Ratchaphruke Road around The Mall Tha Phra, as the nearby BTS Talat Phlu will also be an interchange station to the Monorail Grey Line. Whizdom Station Ratchada-Thaphra, a high-rise condominium situated opposite of The Mall Tha Phra, has proved with its rapid starting price surge and the fact of having almost every unit sold out within a few months.
In addition, there are upcoming office buildings on Phetkasem Road. This translates to a greater number of population that can potentially increase residential demand hear. Together with the fact of having Siam University situated on the opposite side, whose students are in the group of prospective customers.
The average yield rate of the project will be around 4-6%, calculated from the advertised properties on company’s website.
Benchmark
Supalai Park Ratchapruek – Phetkasem
Project Name: Supalai Park Ratchapruek – Phetkasem
Developer: Supalai Public Company Limited
Address: Phasi Charoen District, Phetkasem Road (near BTS Bang Wa)
Project Type: 35-storey condominium
Project Area: 6 – 2 – 32 rai
Total Unit: 835 units
Unit Type: 1-bedroom 45 – 46.5 Sq.m., 2-bedroom 58.5 Sq.m.
Starting Price: 3.3 MB
Average Price/Sq.m.: Approx. 70,000 Baht/Sq.m.
The President
Project Name: The President
Developer: Chaipattana Land Co., Ltd.
Address: Phetkasem Road, Phasi Charoen District, Bangkok
Project Type: 30-storey condominium
Project Area: over 4 rai
Total Unit: 793
Unit Type: 1-bedroom 30 – 35 Sq.m., 2-bedroom 50 – 62 Sq.m.
Starting Price: 2.31 MB
Average Price/Sq.m.: Approx. 75,000 – 80,000 Baht/Sq.m.
Bangkok Horizon
Project Name: Bangkok Horizon Phetkasem
Developer: Chao Phraya Public Company Limited
Address: Phetkasem Road, Phasi Charoen District, Bangkok
Project Type: 28-storey condominium
Project Area: 2 – 3 – 39.5 rai
Total Unit: 418
Unit Type: 1-2 bedroom 30 – 47 Sq.m.
Starting Price: 2.5 MB
Average Price/Sq.m.: Approx. 80,000 Baht/Sq.m.
| Project Name | Unit | Usable Area | Average Price/Sq.m. | Starting Price |
| Supalai Park Ratchaphruke-Phetkasem | 835 | 45-58.5 Sq.m. | 70,000 Baht/Sq.m. | 3.3 MB |
| The President Sathorn-Ratchaphruke | 793 | 30-62 Sq.m. | 75,000-80,000 Baht/Sq.m. | 2.31 MB |
| Bangkok Horizon Phetkasem | 418 | 30-47 Sq.m. | 80,000 Baht/Sq.m. | 2.5 MB |
Positions of other condominiums in the proximity
Chewathai Phetkasem 27 is a new high-rise condominium on Phetkasem Road, one of the major thoroughfares in the suburban areas. The residence boasts its identities on the condo-resort style living experience and the short distance to BTS Bang Wa, a futuristic interchange station with the MRT Blue Line. The project also comes with an affordable starting price below 2 million baht, along the unit types to accommodate small-member residents with 1-2 bedroom units. In details, those who earn average income between 30,000-40,000 baht per month, can potentially afford a unit here, with the installments around 12,000-23,000 baht per month in the loan tenure of 30 years. While Chewathai Phetkasem 27 can be an exemplary condominium of the suburban territory, investment opportunity is also an ideal choice, both renting and resales.
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
