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.
It is quite amazed how tremendous Ratchadaphisek Road has transformed through time, in the aspect of real estate developments. The history began with a few number of serviced apartments to accommodate office workers in the area. As time passed, the district gradually prospered which encouraged developers to debut many high-rise condominiums. Nowadays, the blue ocean has fully turned into red ocean; still, there are some spaces remained to be fulfilled with great projects. Likewise, Pruksa Real Estate Public Company Limited has captured a spot on Sutthisan Winitchai Road and raised up a high-rise sanctuary named “Fuse Miti Sutthisan – Ratchada.” The project has its boasting points in its fascinating facilities, affordable prices, and the MRT Sutthisan that situated in the vicinity.
(Reviewed: 4 September 2016)
Project Name: Fuse Miti Sutthisan – Ratchada
Developer: Pruksa Real Estate Public Company Limited (PS)
Address: Inthamara 22 Alley, Sutthisan Winitchai Road
Website: fuse.pruksa.com
Call: 1739
Project Area: 1-2-41 rai
Project Type: 17-storey high-rise condominium
Target Market: medium to high-end consumers who are looking for a residence near public transit (MRT Sutthisan) and young families whose parents commute to workplaces on a daily basis
Elevator: 2 passenger elevators and 1 service elevator
Parking: 40% (114 cars excluded double parking)
Facilities: Lobby, multipurpose area, meeting room, home theater, fitness, and swimming pool with kid pool
Security System: Keycard Access, 24-hour security guards
Sinking Fund: 500 Baht/Sq.m. (payment on the transfer date)
Maintenance Fees: 42 Baht/Sq.m. (1-year advance payment on the transfer date)
Starting Price: Approx. 3 MB
Average Price/Sq.m.: Approx. 100,000 Baht/Sq.m.
Unit Type:
1-bedroom 28.86 – 32.04 Sq.m.
1-bedroom 29.87 – 33.24 Sq.m.
2-bedroom 2-bathroom 49.33 Sq.m.
Terms of Payment: Free contract payment and 10,000 baht booking payment for 1-bedroom unit; free contract payment and 20,000 baht booking payment for 2-bedroom unit
Construction Progress: 100% completed
Project Details
Fuse Miti Sutthisan – Ratchada has its uniqueness in the precast structure of the building which enhanced the building’s strength and enabled the construction to finish in a timely manner. The emphasis on the construction quality also led Pruksa Real Estate PLC. to win the Best Innovative award from Brand Age and Company magazines. The building is designed in several shades of grey colour and facilities are located in different areas throughout the project to create balance and avoid crowding of people in one specific place. Interestingly, the word “Miti” means “Dimensions” in Thai; perhaps this is the core concept that developer wanted residents to spend every meaningful day in this dimensional retreat.
Facilities
1st floor: lobby, mail room
The lobby is elegant and spacious, embraced by some transparent windows. The flooring is artificial stones and the ceiling is designed with perceived depth that is framed with LED lights
4th floor: multipurpose area, double-volume meeting area, grand home theater
The multipurpose area is an outdoor space with plenty of seats for you to chill out and relax with friends
The double-volume ceiling in the meeting area are supported by full-height tinted glass windows which help to reduce heat transmission inward the building
The upper floor is the home theater which is available in restricted time during weekdays, and all day during the weekends
M floor: 2 levels of multipurpose areas
The ground is laid with artificial grass and some pebbles. There are some comfotable seats for residents to unwind too
Rooftop: swimming pool with kid pool (5 x 25 m.) and fitness
The swimming pool is quite extensive with the front view of the scenic city, and several sunbathing seats on the deck
Show Unit Review
1-bedroom 28 Sq.m.
The kitchen counter is on the left upon entering the room. There are sockets provided along tap and sink from Franke
Bathroom sanitary are from American Standard. The shower room is equipped with a safety glass and the flooring is laid with 30×30 cm. ceramic tiles
Show Unit 1-bedroom 32 Sq.m. (Type 1 B)
On the left are the kitchen and bathroom, upon entering the room. The kitchen counter is in L-Shape which comes with sink, hob and hood from Franke
Bedroom
The bedroom is fit with a king-size bed and the space beside can be built with a dressing table. The flooring is Engineered Wood
You can set up a TV on the wall at the end of bed, there are sockets provided as shown in the picture
Show Unit 1-bedroom without interiors (The actual unit resident will get)
The entire room is laid with Engineered Wood except the kitchen which has 60×60 cm. ceramic tiles instead
Location
Fuse Miti Sutthisan – Ratchada is located on Sutthisan Winitchai Road next to Inthamara 2 Alley. Sutthisan Road, informal name, is a passage that intersects with Vibhavadi Rangsit and Ratchadaphisek roads. From the project, turning left will lead you to Vibhavadi Rangsit Road which is the route to Don Mueang Airport, while turning right will lead you to Ratchadaphisek Road, where you can find numerous lifestyle amenities. MRT Sutthisan is the closest public transit to the project, but 1 km. might be a tough distance to walk; thus, a short drive by your vehicle, taxi or motorcycle taxi are a preferable option.
Ratchadaphisek Road
A 5-minute drive from Sutthisan Road is the emerging Rama IX CBD. This location turned into a strategic position where big-name developers compete to develop a high-rise condominium in the past few years. Furthermore, multiple mega projects are on its way to boost the prosperity of this hub even higher.
As you drive along Ratchdaphisek Road, from MRT Phra Ram 9 to MRT Sutthisan, you will notice lesser high-end condominiums; and the further you are from Rama IX CBD, the more serviced apartments you will see instead of high-rise condominiums. These apartments are appreciated with tenants whom preferred modest prices; but the downside is the lack of communal facilities.
The picture above illustrates the position of the project and its surrounding routes and destinations
There’s toll way ingress on Vibhavadi Rangsit Road which can take you to Sukhumvit, Rama IV, Silom and Rama III. It’s about a 10-minute drive from the project
You can also reach Lard Prao Junction which is the a five-way intersection; there are Chatuchak Park, CentralPlaza Lardprao, Union Mall, Horwang School and renowned Pathe’ restaurant. Besides, the MRT Blue Line is scheduled for the extension, further into the suburban areas
Getting There
Alight at MRT Sutthisan and take Exit 1. From there, you can take taxi or motorcycle taxi to the project; tell the driver to go to “Soi Intharama 22.” 22 in Thai is pronounced “Yee Sib Song.”
Surroundings
Lifestyle Amenities
Most of the hangout places are situated on Ratchadaphisek Road. Near MRT Huay Khwang, there is Huay Khwang Market which opens all day and night, serving fresh foods and commodities. Besides, there’s Ganesha Shrine where locals usually come to pray and make merits each day. One stop away at MRT Thailand Cultural, you will find The Esplanade departmenstore, and Ratchada Train Market which is an open-air street market full of stylish foods and bars. Finally, if you descend from the train at MRT Phra Ram 9, there are CentralPlaza Grand Rama 9 and Fortune Town which is an IT mall.
Analysis
If you look to invest at Fuse Miti Sutthisan – Ratchada, the average rent price would be around 14,000 – 15,000 Baht per month for 1-bedroom unit size 28 Square metre. Other projects within the proximity of MRT Sutthisan also give the same level of returns around 500 Baht/Sq.m. This return range still shows no sign of surging up in the approaching future. Meanwhile, the land price appraisal of this area are at 100,000 – 120,000 baht per square wah.
Benchmark
1. Centric Ratchada Huai Khwang
Project Name: Centric Ratchada Huai Khwang
Developer: SC Asset Corporation PLC
Address: Near MRT Huay Khwang, Ratchadaphisek Road
Project Type: 31-storey condominium
Total Unit: 679 units
Unit Type: 1-bedroom 25 – 39 Sq.m., 2-bedroom 47 – 88 Sq.m.
Average Price/Sq.m.: 3.1 MB (120,000 Baht/Sq.m.)
2. The Saint Residences
Project Name: The Saint Residences
Developer: Salan Development Company Limited
Address: Vibhavadi Rangsit Road near Lard Prao Junction
Project Area: 7-0-51.4 rai
Project Type: Three 41-storey condominiums
Total Unit: 1,537 units
Unit Type: 1-bedroom 30-43 Sq.m., 2-bedroom 55-70 Sq.m., 3-bedroom 84-134 Sq.m.
Starting Price.: 3.5 MB (120,000 Baht/Sq.m.)
3. Quinn Ratchada 17
Project Name: Quinn Condominium
Developer: MBK Public Company Limited (MBK)
Address: Ratchadaphisek Road, near MRT Sutthisan
Project Type: Two high-rise condominiums (25 storeys and 32 storeys)
Total Unit: Building A 366 units, Building B 363 units
Unit Type: 1-bedroom 34-52 Sq.m., 2-bedroom 65 Sq.m.
Starting Price: Approx. 3 MB (85,000 – 115,000 Baht/Sq.m.)
Summary
Through observations at Fuse Miti Sutthisan – Ratchada, there are some prominent points to mention. First, the facilities found here are quite distinctive. For example, there’s home theater room, double-volume lounge area, panoramic-view swimming pool, and the vantage points to overlook the entire cityscape. Second, the availability of MRT Sutthisan is an essential element that will help easing the transportation of residents to workplaces. Although the distance to reach the MRT is quite a tough journey for walk, but it is compensated with the nearby expressway on Vibhavadi Rangsit Road if you look at the positive side. Third, the units are built with the innovation of precast structure, which enhances the strength of the room. In details, you will earn the kitchen counter, bathroom sanitary, sliding door partition, and a mirrored closet in the bedroom. If Fuse Miti Sutthisan – Ratchada appears to be an ideal residence for you, we encourage you to invest in; it’s a rare item in a futuristic area where the prosperity is on its way to reach.