Despite the current slow down of the real estate market, the segment that is is constantly bustling in the market is: the residential segment that affluent buyers and investors in Thailand and abroad. The newly launched project, that maintains it luxurious standpoint, “The Residences at Mandarin Oriental Bangkok”, under the remarkable developer The ICONSIAM. The selling point is at the arch of Chao Praya River; which indicates an impressive project that has been awarded in the Southeast Asia. These factors magnifies investors and buyers, not only from Thailand but foreigners to take part in the ownership of the project.
Project Details (Reviewed October 15, 2015)
Project: The Residences at Mandarin Oriental Bangkok
Developer: The Icon Siam Super Lux Residence Co. Ltd.
Location: Under Icon Siam Chareonakorn Road, Klongsaen, Bangkok
Website: http://www.iconsiam.com/moresidences/mandarin_regis.php
Phone Number: (+662)-118-2211
Project Area: 4-3-62 Rai
Project Type: High rise condominium, 52 floors, 1 building, 146 units
Target Group: Super Luxury, Ultra Luxury
Status of Construction: Begin construction at the third quarter of 2015
Expected Date of Completion: Year 2018
Security System: Key Access, Private Lift Lobby
Automatic Car Parking: 350 spaces
Common Fees: 160 baht/ sq.m./ month
Starting Price: Approximately 350,000 baht/ sq.m.
Types of Room
2 Bedroom room size 127.87 – 165.40 sq.m.
3 Bedroom room size 222.21 – 228.88 sq.m.
Penthouse room size 380.93 – 383.98 sq.m.
Penthouse Duplex room size 707.28 sq.m.
Project Overview
The location of the project ICONSIAM, occupy 50 Rai worth of space; and 45 meters away from the River. The units are design so that the householder can see the Chaopraya River. The height of the unit is 3.20 meters, which gives in an open space and luxury perspective to the householder. The facility takes up 3,000 meters, located in the 4th and 5 floor, with a Modern & Contemporary design, with sense of luxury; designed by the world best designer.
Building Constructor: Italian Thai Development Co. Ltd
Interior Designer: World Famous designer Joyce Wang
Model of Facilities in the Project
Scenarios of Sample Rooms
Mimic atmosphere in the bedroom
Mimic atmosphere in the living room
Mimic atmosphere in the bathroom
Scenarios in the TWO BEDROOMS
Scenarios in the Penthouse
All the rooms in the unit are fully-fitted type, but the householder can choose fully-furnished; which is around 60,000 baht per sq.m.
Fully Fitted option benefit
Elevator: Private Lift Lobby
Floor: Custom-Designed Flooring
Height: 3.2 meters
Closet: Walk-In Closet
Windows: Floor to Ceiling Window
Fully Furnished option benefit
Furniture: Loose Furniture, or carpets, curtains, and lamps
Wall: Wallpaper
Headboard: Headboard made from Fromental London
* Additional advantage for householder is becoming “Residence Elite Programme” Membership, of Mandarin Oriental Hotel that covers all over the world. When check-in at the Oriental Hotel Mandarin, you will get special recognition and VIP status; or when shopping in ICONSIAM.
The Facilities in the Project
Club House
Business Center
Lounge
Infinity-edge Lap Pool, Jacuzzi
Fitness Center
Mini Golf- court
Game Room
Automatic car parking
Location Analysis
The location of The Residence at Mandarin Oriental Bangkok, under ICONSIAM, occupies more than 50 Rai; which is equivalent to a subway station. Initially, the neighborhood near the shore of the river is the high rise housing; and during the past 1-2 years there are more developments implemented there, such as community mall and retail shops. However, that is not the only reason that raise the price of the area near the River; therefore, ICONSIAM have decided to construct their project there to bring back the life to the landmark that people all over the world are eager to see.
Icon Siam Co. Ltd. cooperates with Magnolia Quality Development Co. Ltd, Siam Piwat Co.Ltd, and CP to invest the total of 50,000 million baht to develop the project.
This condominium is divided into 2 phases. The first phase will be a 70-storey building, with the total of 379 units, including different types of rooms as follows: 1 bedroom occupying 60-77 sq. m., in the total of 203 unit; the second type is 2 bedrooms with an area of 95- 126 sq.m., with the total of 107 units; the third type is 3 bedrooms occupying the area of 144-222 sq.m, with the total of 61 units. Duplex rooms that occupies an area of 293 sq.m. with total of 2 units; Duplex Sky Villa which occupies the space of 238 and 276 sq.m., with the total of 2 units. Lastly, the Sky Villa Rooms occupying the space of 346 sq.m., with the total of 4 units. Each units are 3 meters high, with the selling price starting from 15-125 million bath per unit; which is approximately 230,000-360,000 baht/ sq.m. However in the second phase it will be a 50 floors building. Despite the offers from ICONSIAM; a high-end, Japanese shopping mall, Takashimaya (Icon Siam Branch), is also opening. Takashimaya Mall, Icon Siam Branch, was invested around 3,000 million baht, which divided into 1,800 million baht worth of construction; which will cover the area of 36,000 sq.m., consisting of 7 floors which will display mostly brand name products.
Project Analysis
In the neighborhood of Charoenakorn where The Residence at Mandarin Oriental Bangkok lies close to the coast of the Chaopraya River, cause the price to be high; starting at 250,000 baht per sq.m. As you can see from the another high-end project, Magnolia Riverfront Residence, which is located near The Residence at Mandarin Oriental Bangkok have adjusted to increase their price from 250,000 bath/ sq.m. to around 270,000/ sq.m. within this year. Not only that Charoenakorn Road is the main road leading to Thonburi region, but it could leads to Sathorn, Rama 3, and boats leading to Nonthburi Pier. Travelling by boat is the charm of living in that region that reflect on Thailand traditional heritage from the past and present time.
Transportation
If coming from Rama 3 Road, drive to Krungtonburi bridge towards Taksin Road. When ascending the bridge, Rama 3 intersection will appear, turn right to Charoenakorn Road for about 3.5 km; and ICONSIAM sales gallery entrance will appear.
Coming from the Thonburi area, drive over Pra Pokklao bridge or Sapan Put Bridge; then slight left to enter Somdej Chao Praya. Before meeting the intersection, notice Suksanari School will be on the opposite side. Keep on going straight around 1.5 km, and turn right to Charoenakorn and keep going straight around 500 meters, which will meet with the entrance of ICONSIAM sale gallery.
If using public transportation such as the BTS, get down to Sapan Thaksin station. The station also serve has the main port connecting to Asiatique or hotel near the riverside. There will be Oriental Hotel’s Boat coming to pick up tourists from the Pier; which you could get on the boat and it will go straight to the hotel. There are also a ferry from Sathorn Pier to the other side as well; if you chose this option, get down at the Oriental Pier which will leads to the location of the Project Gallery as well.
BTS Sapan Thaksin Station
The project gallery is on the right side, opposite to BTS Span Taksin. If using boat, you have to go across the underbridge
Sathorn Pier (Central Pier)
Oriental Hotel’s Boat
The opposite side of Oriental Hotel, the right side is ICONSIAM
Oriental Hotel Pier
Building construction of The Residence at Mandarin Oriental Hotel Bangkok, at ICONSIAM
The Residence at Mandarin Oriental Bangkok, is the second Project of ICONSIAM that expected to be complete around the year 2018. Overall, in 3 more years when ICONSIAM mall opens; this area will be the “Ultra Luxury” Landmark of Bangkok, which is good for investors. Even though the real estate economy of Thailand are slowing; but the wealthy target group are least affected by this downfall. Therefore, from the perspective of qualities and standards of the project, The Residence at Mandarin Oriental Bangkok, deserves the ownership status. Since it is considered a “rare item” from audiences, the value will surely increase when the constructions are completed and the empire is ready to serve.
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