The area of Rama 9 will soon ascend another central business district in Bangkok because it has since been in neighborhood with the major CBD of Sukhumvit. This territory has been densely occupied with community retail projects, office towers, and residences of which a large proportion comprises newly developed condominiums for sale. With the land price exploding, high selling prices of condo unit as well as return on property investment can be expected such that the starting price of a single home should take off no less than 30MB/unit. In the past few years, there has been a continued rise in the number of condos due to developers being able to sell them for the exorbitant prices in this area starting from the low THB 120,000/sq.m. or more. One of those recently launched in Rama 9 zone is Ideo Mobi Rama 9 under auspices of Ananda Development, which as of now is completely constructed and available to move in. The bestselling suites of Ideo Mobi Rama 9 are the studio and 1-Bed units that most buyers tend to live in and also put into good investment for short term, usually by renting them out. Based on the date retrieving the information, Ananda Development put 8 units up for sale of which types are duplexes and 2-bed only. For now, only resale units can be found in the market.
Project Details (Latest Updated on February 11th, 2015)
Project Name: Ideo Mobi Rama 9
Developer: ANAN (Ananda Development)
Address: Rama IX intersection (around the turning point towards Phetchaburi Rd.), only 80 metre from MRT Rama IX station.
Project Area: 3-2-85 rais of land
Project Type: A 28-storey building housing 703 residential units and 2 shops. The G floor features a lobby lounge, business centre, conference room, and shops. The 5th-28th floors present residential units, each 2.5 metre high from floor to ceiling. The condo’s highlighted facilities including a fitness centre, swimming pool, library, laundry room, and green space, can be conveniently accessed from the 6th floor. The condo provides parking space for 297 lots in total, located on 2nd – 5th floors.
Lifts: 3 passenger lifts and 1 service lift.
Security: Key card access system
Construction: Completed and ready to move in.
Sinking fund: THB 500 /sq.m.
Maintenance Fee: THB 45/sq.m. a month
Starting Price: 2.373 MB (for a unit of 21 sq.m.)
Average Selling Price: THB 113,000 /sq.m.
Resale Price: Approximately THB 158,000 / sq.m.
• Sale Price (make a reservation by March 31st, 2015): THB 139,000/sq.m.
Free Quattro furniture every unit + no transfer fees + cash back + referral fee
Unit Layouts: The units come in a total of 5 layouts as follows:
Studio [21-21.55 sq.m.]
1 Bed [30.18-30.27 sq.m.]
2 Bed (w 1 or 2 bathrooms) [45.04-55.09 sq.m.]
Duplex (w 1 or 2 bathrooms) [41.53 – 61.96 sq.m.]
A straight-up view of Ideo Mobi Rama 9
• Facilities are located on 6th floor, featured as a fitness centre, swimming pool, library, laundry room and green space.
Unit Layout Review
Furnishings: Quattro furnishings and electronics as exhibited in the room sample.
Floor-to-Ceiling Height: 2.5 metre high from floor to ceiling
Wall: Covered with wallpapers.
Type Duplex [41.53 – 61.96 sq.m.]
Lower Floor
• Door: Wood door incorporated with a digital door lock.
• Kitchen: Fully furnished. Inclusive of a kitchen counter, suspended cabinets, sink, facet, hob, hood, refrigerator and microwave.
• Dining Area: Located to on the right from the kitchen and near the balcony.
• Balcony: A tiny balcony is offered for the householders to take a good breath outside. A compressor is placed on it. It’s considered quite a special feature here because it can’t be found in plenty in other projects within Rama 9 zone.
• Bathroom: There are wet and dry zone, where the wet zone is equipped with a full shower set and safety-glass shower box, and the dry zone consists of all sanitary wares, sink, faucet and mirror.
• Living Room: Fully furnished. Coming with a large, mixed wall window (fixed and side-hung) for ventilation.
Upper Floor
• The stairs culminating to the upper floor is located near the front door together with the kitchen.
• Bedroom: Fully Furnished.
Rama 9 zone was impeccably and extensively transformed from being close to the good influences of Sukhumvit zone, the extensive public transit system of MRT, as well as a conveniently located amenity, Central Rama 9. More importantly a project called The Grand Rama 9 developed by Grand Canal Land (G Land) is coming to its aid to amass the delight. The Grand Rama 9 shall give the residents the best-ever experience imaginable that the CBD of Rama 9 couldn’t be complete without it.
A perspective outlook of The Grand Rama 9
A perspective view of The Super Tower
The Grand Rama 9 expands a total area of 73 rais touching Rama 9 intersection, commensurate with a land of 1.2 million square metres by estimate. The extent of this project development is made up of a condominium, 4-6 star hotel, retail project, and office building (the head office of Unilever Thailand is housed within it). With its unmatched and immeasurable luxury and size, the total costs skyrocketed to approximately 120BB. The jewel in the crown of this condo is The Super Tower, a stunning, multi-purpose tower built as the last part of the project setting out a 125-storey tower with the sheer height of 615 metres, which is considered to be the tallest among others in Asian continent for now.
AIA Capital Center set along Ratchada Rd.
In neighborhood with Rama 9 zone, a regional area expanding from the centre of MRT Thailand Cultural Centre station is occupied with several mega-corps’ headquarters including True Corporaton Tower, AIA Corporation Tower as well as an upcoming head office of The Stock Exchange of Thailand soon to be established in this zone. Before long, an extended mass transit of the orange line will come to completion allowing for passages back and forth between Taling Chan to Minburi and having one of its stations connected with MRT Thailand Cultural Centre, which is within easy reach of Ideo Mobi Rama 9 condo. And when that happens, the market around Rama 9 zone will be even hotter.
As there is a great demand for residences for rent/sale in Rama 9 today, the suppliers make it happen for them by raising condos for sale in abundance. Apart from houses and condos, there are plenty of office buildings, a large part constituting the entire community to be found inside the boundary of Rama 9 zone.
Ideo Mobi Rama 9 is located on the corner of Rama 9 Intersection along the inbound lane of the road towards Victory Monument as well as traversed by Phetchaburi Road. From the condo it’s easy to reach to MRT station by simply crossing the road while keeping your eyes for the cars from all directions. Its location is slightly better than the other because it’s the closest to the MRT station. But in terms of ground transportation, it offers any convenience none more so than do the other condos.
Newly developed condominiums are set along the same side as Ideo Mobi Rama 9 and on the opposite to MRT (MRT Rama 9). The older condos including Lumpini Place Rama 9-Ratchada, TC Green Rama 9, and Belle Grand Rama 9 by G Land, are all located on the same side as MRT Rama 9 station but might not be any better than those on the opposite side of the road because they’re still quite far from the station.
Its location is neither at advantage nor disadvantage in comparison with nearby condos; therefore, much of the buyer’s decision will heavily rely on the functionality, design and space of the condo units coupled with the on-site amenities, which also play a vital role.
Getting There
There are several ways any driver can take to conveniently access Ideo Mobi Rama9. They can either take a short and convenient route through the expressway, or the ground roads which include Ratchadaphisek Road and Phetchaburi Road. For other directions, they should make for the condo from Victory Monument, Khlong Ton-Ramkhamhang, Asoke, and Sukhumvit zones. The only problem which obstructs their journey is the heavy traffic during peak hours along Rama IX road that is inevitable to avoid.
Lifestyle Amenities – Rama IX zone
Rama IX area is widely known as one of the most popular entertaining hubs in Bangkok, boasting its unique and fashionable hangout places that are open from day into night every day. The area expands from Central Rama IX to Esplanade to Terminal 21, with MRT line interconnecting them all.
The condo is also within driving distance of House RCA, a movie theatre where indie movies are specifically screened. A bunch of hangout places can also be found around that place. Another spot worth your time to pay a visit is the area set along Ratchadaphisek road.
At the condo, the onsite shops cover for the residents’ basic needs with a supermarket and coffee shop. It sets out an integrated amenity fulfilling a variety of buyers’ needs that come with different lifestyles.
The rental prices of Ideo Mobi Rama 9 vary with unit types as follows:
• Studio: THB 13,000-15,000
• 1 Bed: THB 17,000-20,000
• 2 Bed (1 bathroom): THB 25,000
• 2 Bed (2 bathrooms): THB 35,000
• Duplex (1 bedroom): THB 30,000
• Duplex (2 bedrooms): THB 35,000
The primarily targeted buyers: Japanese and Chinese
Expected Rate of Return
If renting out a studio of 21 sq.m. that was originally purchased for 2.37MB, at a rental price ranging between THB 13,000 – 15,000 a month, the annual rental yield is expected to be around 6.58-7.59%
Nevertheless, the competition is quite intense with so many condo units put up for rent out there.
Nearby Condos
Originally built on an exceptional location within reach of MRT Rama IX station as well as within the zone that’s ascending a new financial district. Also developed under close supervision of Ananda Development, and embodying a novel vision of contemporary city living. Externally, there is a great deal of demand from Thais and overseas tenants causing a high rise in the average rental prices of the condos across this area. All of these attributes positively account for the bestselling points of Ideo Mobi Rama 9. Nevertheless, there are some external threats to be reckoned with, including the usual rush hour traffic jam and the rise in the number of competitors, which can potentially wear off the multitude of the demand to live in Ideo Mobi Rama 9.
This project review is written by Kanchana Paha, a full-time reviewer at DDproperty.com, the No.1 property listing portal in Thailand. For any questions, please email to kanchana@ddproperty.com.
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