New Project Preview: The Monument Thonglor

  • Sitth Chongprasobtam
  • 1 June 2016

Sansiri is preparing to launch the second project of the brand “The Monument,” after the one-day sold out of The Monument Sanampao, which was a phenomenal highlight in the market last year. “The Monument Thonglor,” the consecutive project, will be settled at the heart of Bangkok downtown “Thonglor,” in the end of Sukhumvit 55 Alley near Phetchaburi Rd. With the anticipated starting price around 300,000 Baht/Sq.m. and its most desirable location, it’s a project that all buyers and investors must keep an eye on.

(Reviewed: 16 May 2016)

• Project Name: The Monument Thonglor
• Developer: Sansiri Public Company Limited (SIRI)
• Architectural Design: Quintrix Architects
• Structural Design: Infra Technology Service
• Sanitary Engineering and Design: Plamer & Turner
• Construction Management: Project Direction
• Address: Soi Sukhumvit 55 (Thonglor), Sukhumvit Rd., Khlong Toei Nuea, Watthana, Bangkok

Project Details

The project has not revealed a full detail, but it is expected to be a 45-storey condominium with six basement floors for parking. The luxury level of the project can be anticipated by looking at the previous successful project of The Monument Sanampao. Furthermore, with the low residential supplies in this prime area, contrast to the high demands, the starting price is presumed to be around 300,000 Baht/Sq.m.

The Monument Thonglor

The bridge that crosses Saen Saep Canal, heading to Phetchaburi Rd.

The Monument Thonglor

The project’s site with motorcycle taxi service on the right

The Monument Thonglor

Units on one side of the project may have the view blocked by that flat shown in the picture

The Monument Thonglor

The space between the flat and our project

The Monument Thonglor

One side of the project is next to Hitachi Service Centre which has 10 storeys

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Location

 

“Thonglor” has been always been on the top list of most prosperous areas in Bangkok. The name is derived from the old name of a vice admiral in Thai navy, who also played a vital role in politics that changed the regime of nation in 1932. It’s the prime area that’s acknowledged by locals and foreigners from the past to present days; where nowadays you will find admirable eateries, lifestyle entertainments and show rooms of luxury cars. The location is, as well, the most favorite places for many real estate developers, where the land prices are extremely high at 200,000-400,000 Baht/Sq.w. according to land price appraisal, 2016-2019, from The Treasury Department.

Besides the top-class lifestyle amenities, Thonglor is a CBD that comprises of many luxury high-rise condominiums with the minimum starting prices at 200,000 baht/Sq.m. The location also allows you to access Phetchaburi and Rama IX roads in short distances, together with the plus of Thonglor BTS Station that has brought great convenience to the people in this area. Likewise, Thonglor nowadays is a favorite place for many people, especially British, and Japanese who have settled in this area since the period of World War II (From Sansiri’s research during the development of Quattro Thonglor by Sansiri)

 

The Monument Thonglor

The project is situated in Soi Sukhumvit 55 near Phetchaburi Road

The Monument Thonglor will be situated at the end of Soi Sukhumvit 55 where the location at the moment is a little community mall that comprises of multiple restaurants. However, due to the extreme competitive retail market in this area, the place is closing down, and soon be replaced with this masterpiece project from Sansiri.

The fact that the project’s location is at the end of the alley, also comes with a benefit. The traffic condition in Sukhumvit 55 is usually high especially at the beginning and the middle of the alley; and most of us know how extreme the traffic on Sukhumvit Road is. Likewise, you may take the nearby Phetchaburi Road to access different parts of the city; although the traffic may be high at some parts, but it’s surely more convenient than Sukhumvit Rd. And Phetchaburi can also lead you to Rama IX, Phattanakarn and Srinagarindra roads.

The surroundings of the project in the proximity of 200 m., comprises of condominiums, wedding studio, office and hospital. You will gain a higher sense of privacy comparing to areas at the beginning and middle of Sukhumvit 55 Alley. And you can take the boat service on San Saep Canal (Thonglor Pier, 300 m. away from the project)  that can take you all the way to Sanam Luang, Ramkhamhaeng, and areas along Phetchaburi road.

Getting There

The Monument Thonglor

Thong Lo BTS Station Area Map

BTS 
Descend at Thonglor BTS Station and take Exit 3. From there, you can take a motorcycle taxi to reach the project which cost 30 baht (you might tell them the project is next to Hitachi Service Centre)

The Monument Thonglor

From Sukhumvit Road to the project

Route 1: From Sukhumvit Rd, turn left into Sukhumvit 55 at the intersection. Go straight for 2.5 km., notice a wedding studio on the left; go straight for another 150 m., the project will be on the right.

The Monument Thonglor

From Phetchaburi Road to the project

Route 2: From Phetchaburi Road, turn right into SUkhumvit 55 and go straight crossing San Saep Canal. After you have crossed the canal for 200 m., the project will be on your left.

Passenger-boat on Saen Saep Canal
Descend from the boat at Thonglor Pier; then walk into Sukhumvit 55, straight for 150 m., the project will be on your left, next to Liberty Plaza

Lifestyle Amenities

Thonglor is renowned to be top area for lifestyle places. In Sukhumvit 55, you would find up to ten community malls; but there are the two latest ones that you might be interested in, The Maze and The Commons. At the latter one, you would find a stylish restaurant “Roast” that serves casual stylish dishes, home-made dessert and nice coffees. Another interesting eatery at The Commons is “Egg My God” that has all menus with the ingredient of egg such as Australian-beef steak with scrambled egg and cream cheese. Besides, there’s another project “72 Courtyard” where you will find a modern vintage bar “UNCLE,” that’s another branch from Sathorn Soi 12.

Another recommended restaurant is Sushi Hiro (first branch) at Eight Thonglor, a lifestyle mall at Thong lo 8 Alley. There are also Piman 49 and The Terrace 49 community mall in nearby Sukhumvit 49 Alley. But for those who prefer saving money, Thonglor Pochana and J Som are the famous street eateries that serve Thai foods to eat with rice.

The Monument Thonglor

Eight Thonglor at Thonglor 8 Alley (1.3 km. away)

The Monument Thonglor

J Avenue at Thonglor 15 (1.5 km. away)

The Monument Thonglor

Thonglor Pochana and Kao Kang J Som, the two famous street eateries that serve Thai foods with rice; suitable for those who prefer saving

The Monument Thonglor

Camilllian Hospital in Sukhumvit 55

The Monument Thonglor

Sukhumvit 55 comprises of many wedding studios, the famous one is Ton Rak Studio

The Monument Thonglor

Besides the wedding studios, there are wedding dress shop and furniture store with a variety of luxury interiors

The Monument Thonglor

Thonglor Police Station in Sukhumvit 55

The Monument Thonglor

Soi Thong Lo 10 is connected to Ekkamai Rd where you can find more eateries and hangout places

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Analysis

Competitors

Sukhumvit 55 comprises of luxury condominiums with the range of starting price at 200,000-300,000 Baht/Sq.m. The competitor of The Monument Thonglor would be The Marvel Residence, Quattro Thonglor by Sansiri and Tela Thonglor

Consumers
The prospective buyers and investors are those with high purchasing power, both locals and foreigners. The project is certain to be in great demands as supplies in this premium location are rare, and the starting price of The Monument Thonglor is presumed to be as high as other luxury projects.

main image via  forums2.popcornfor2.com

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Eric Wong

Sitth Chongprasobtam