• admin
  • 21 May 2018

Ratchada-Rama IX is one of Bangkok’s CBDs with highest commercial property investments. The area also has the highest earnings derived from property sales. Any location with real-estate boom inevitably spurs residential demand, from consumers whose workplaces are not too far from their residences. 

bird-eye-view

As property prices near Rama IX Junction rise dramatically, consumers are seeking more affordable residences that are still accessible to the business-centric points. For Rama IX CBD, it’s the areas around Thailand Cultural Centre and Huai Khwang Zone which answer their needs; condominiums in these two areas commence the prices around 2-3 million baht only.

landscape-day

On Thiam Ruammit Road, less than two kilometres from MRT Thailand Cultural Centre, sits a grandiose mixed-use development Artisan Ratchada. Launched by BGY & TFD Properties Company Limited, a joint venture between Thai and a prolific Chinese developers, the project consists of four high-rise condominiums, each 34-storey high, two of which sit on top a three-storey arcade. The project value of 6.8 billion baht also includes myriad facilities and a great number rooms totaled at 1,337 units. While the construction is scheduled to complete in the next two years, the official sale is set to start in this year’s third quarter – with the starting price at mere 2.6 million baht.

Fast Facts About Artisan Ratchada

Artisan-Ratchada_3

Developer: BGY & TFD Properties Company Limited

Address: Thiam Ruammit Road, Huai Khwang District, Bangkok

Project Type: 4 towers with 34 storey each

Retail: 3-storey retail space (Approx. 6,000 sq.m.)

Total Unit: 1,337 units

Parking: 823 cars (62% of total unit)

Elevators: 18 elevators

Maintenance Fees: 45 baht/Sq.m./month

Sinking Fund: 500 baht/Sq.m. (single payment)

Expected Completion: Approx. Q1 2020

Starting Price: 2.6 million baht

Average Price: 120,000 baht/Sq.m. 

Project Details

 

Artisan-Ratchada1

Artisan Ratchada sits on 8 rai piece of land. Besides its massive accommodation, its retail space is also as big as 6,000 square metres. According to the source, half of the units are expected to be reserved by Chinese customers – as the partner is from China. The number of units may cause some worry about congestion; this, we need to have the number of unit per floor confirmed, but aside from this, the facilities number and space are quite ample. One perk about Artisan Ratchada is its unobtrusive view particularly from the twentieth floor upwards.

UNIT TYPES

1 Bedroom Type A 

8-12

 

1 Bedroom Type B 

10-9

 

2 Bedroom Type D 

12-3

 

1 Bedroom Type E 

14-2

 

1 Bedroom Type F 

16-2

 

FACILITIES  

swiming-pool-day

Outdoor Swimming Pool
Kids Swimming Pool
Sundeck & Cabana Area
Fitness Center
Yoga Room
Steam & Sauna Rooms
Indoor Kids’ Club
Outdoor Playground
Storage Rooms
Library
Function Room
Meeting Room
24-hours Security
Full WIFI Coverage
Landscape Garden

Show More

Location

2-19

Artisan Ratchada is situated on Thiam Ruammit Road which can be accessed from Ratchaphisek Road. The road also meets Pracha Uthit Road on the other end that leads further to Ramkhamhaeng Road. The closest mass transit line is MRT Thailand Cultural Centre which is approximately 2 kilometres away.

To use the expressways, drive downwards to Rama IX Junction, you would find an entry onto Sirat Expressway (the one that leads to Suvarnabhumi Airport), or to go northwards, head to Pracha Uthit Road to use Chalong Rat Expressway. Thiam Ruammit Road, partly due to the establishment of Embassy of South Korea, comprises a string of food supplies. So rest assure you won’t run out of things to eat.

NEIGHBOURHOOD

LIFESTYLE AMENITIES
CENTRALPLAZA RAMA NINE
ESPLANADE RATCHADAPHISEK
BIG C
THE STREET RATCHADA
SIAM NIRAMIT

OFFICE BUILDINGS
THAILAND CULTURAL CENTRE
STOCK EXCHANGE OF THAILAND

EDUCATIONAL INSTITUTIONS
PRACHA RAT BAMPEN SCHOOL

HOSPITAL
PRARAM 9 HOSPITAL

Show More

Summary

FOR WHOM ARTISAN RATCHADA IS SUITABLE?

Artisan Ratchada is poised to attract a lot of Chinese investors, partly due to the collaboration between Thai and Chinese developers. Notwithstanding, locals are still favorable to make profits through a variety of investments: rent or resale, for example. Why? Because Artisan Ratchada, if there’s any other project, seems to be the most respectable residence on Thiam Ruammit Road due to its scale and reputability of the developers. To initiate such investments, one needs a minimum salary of 30,000 baht to get through mortgage qualifications (for a starting unit at 2.6 million baht). If you’re uncertain about your financial ability, try our mortgage calculator.   

More insights about Bangkok property market, check out DDproperty Property Index Report and DDproperty Property Market Outlook Report 

Show More
Eric Wong

admin