Project Review: JRY Condominium Rama 9

  • DDproperty Content Team
  • 20 December 2017

 

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condominium market in Bangkok shows a positive sign for future growth as this year developers are more confident to launch projects, after last year’s slightly slumbered situation. Rama 9 CBD has been one of the Bangkok’s hot spots for launching residential projects; many major developers both Thai-national and foreigners search potential land plots on this location to manifest impeccable projects. In spite of this fact, condominiums with affordable starting prices between 3-5 million baht are still available in this coveted territory. 

JRY Development Group Company Limited is a joint venture between Thai and Chinese developers who launch a low-rise condominium in Rama 9 Zone with a personified name JRY Condominium Rama 9. In addition, the project had been on the roadshows in China and Hong Kong, implying the developer’s intention to reach Asian customers – though, any nationality is more than welcome in the project. JYR Condominium Rama 9 has several aspects to be considered for those interested, and this review explores in the areas of location, project detail, and investment analysis.

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Lobby in the project (simulated picture)

(Reviewed: 26 February 2016)
Project Name: JRY Condominium Rama 9
Developer: JRY Development Group Co., Ltd.
Address: Soi 17 Rama 9 Road, Huai Khwang, Bang Kapi, Bangkok
Sales Gallery: 081 718 7333
Website: www.jrycondo.com 

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Library on the 2nd floor (simulated picture)

Project Area: 1-1-74 rai
Project Type: 8-storey condominium with 157 units
Target Group: Customers in Asian countries with monthly salaries between 40,000 – 50,000 Baht
Starting Price: 2.65 – 5.91 MB
Average Price/Sq.m.: 85,000 – 97,850 Baht/Sq.m.
Selling Rate: 20% are booked (data on review date)
Official Sales: Mid-February, 2016
Construction Progress: Started in April, 2016, expected completion in October 2017
Maintenance Fees: 40 Baht/ Sq.m./ Month (1-year advance payment)
Sinking Fund: 400 Baht/Sq.m. (single payment on transfer day)
Terms of Payment:
1-Bedroom: Booking 20,000 Baht; Contract 30,000 Baht
2-Bedroom: Booking 30,000 Baht; Contract 70,000 Baht
Unit Type:
1-Bedroom 31.8 – 35.6 Sq.m
2-Bedroom 50.8 – 60.4 Sq.m.

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Virtual Tour 

Project Details

Security System: 24-hour security guards, CCTV, Keycard Access Entrance, Digital Door Lock
Parking: 40% (excluded double parking)
Elevator: 2 passenger elevators

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Fitness on the 2nd floor (simulated picture)

Facilities: Lobby, Green Space, Swimming Pool, Fitness, and Library. 

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Swimming Pool on the 2nd floor (simulated picture)

Unit Specifications
– 8 mm. laminate flooring
– Whitewashed concrete wall
– Whitewashed concrete ceiling (2.7 metres high)
– Built-in kitchen set with sink, hob, and hood
– Furniture from Index: dining table, sofa, coffee table, TV shelf, beds, wardrobe
– 2 air-conditioners
– Bathroom sanitary: basin, toilet, shower room with partitions, faucets, mirror, storage, exhaust fan

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Project model

Architectural Design
Unlike typical U-Shaped condominiums, JRY Condominium Rama 9 is designed to show the back of the building which completely hides the swimming pool embraced on the other side to incorporate a higher sense of privacy for residents. The building stands 8-storey high on a land plot approximately 1 rai and faces towards the east.

 

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1st floor

 

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2nd floor

 

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3rd floor

 

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4th floor

 

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5th floor

 

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6th floor

 

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7th floor

 

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8th floor


Residential Units (simulated pictures)

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If you want to know more about property, please read this DDproperty Property Market Outlook 2018 full report and DDproperty Property Index Q3 2017 full report . Read before buying a home. 

Show Unit Review (1 type available at sales gallery)

1-Bedroom 35.6 Sq.m.

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As you enter the room you will find the bathroom on the right

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The main door is equipped with Digital Door Lock from Samsung

 

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On the other side is a kitchen set built against the wall, with a 2-seater dining table in the in-between space. The chandelier enhances the area’s mood to be slightly lavish

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A refrigerator is aimed to be place at the leftmost space of the kitchen. The white upper and lower cabinets which provide plenty of storage contrasts with dark artificial-stone countertop  

 

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The entire room is mostly an open space where the dining area merges with the living area  

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The bathroom is outfitted with quality materials and displays a modern look

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Above the basin are a mirror, four small shelves, and an electricity socket

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The toilet is located nearby as shown in the picture

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The glass-encased shower room has a 5-cm. threshold

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There’s a soap dish halfway up from the faucet. Wiring for water heater is already set, you just need to buy the appliance in

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The living room is impressively airy by the enveloping glass walls

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A cozy velvet sofa and a coffee table from Index

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The TV shelf has a floating design. The two shelves above are not provided. The entrance at the centre leads into the bedroom

 

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You can place a washing machine on the balcony as shown in the picture

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Or some plants to bring some nature into your life

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A king-sized bed is fit to the bedroom. The side window helps lighten and air the room to be freshened

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A bedside table and electricity sockets behind

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High-gloss-paneled built-in wardrobe is provided backed against the wall on this side

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This stylish ceiling light is not provided in the actual units  

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Coaxial and electricity sockets are provided in various spots of the unit    

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Location

Ratchadaphisek – Rama 9
Since the advent of mass transit transportation MRT, Ratchadaphisek and Rama 9 have seen a rapid advancement in terms of economic expansion which includes an exponential growth of business, lifestyle, and residential developments. Areas within the MRT stations’ radius are eyed for building condominium projects where – when land plots along the main road are no more available – smaller streets become homes of low-rise condominiums. There are also international schools, official places and, in recent years, a couple of new community malls to enliven your lifestyle. Nevertheless, this rapid growth throughout the past decade has also brought occasional bottlenecks on the roads.

Rama9 Road

Rama 9 Road on a sunny day

 

Project’s location

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The project is located on Soi 17 Rama 9 Road

JRY Condominium Rama 9 is located on Soi 17 Rama 9 Road, a two-way street comprising residential projects, houses, schools, and some private companies, yet a few hundred metres from the main road can already be found a sense of tranquility (JRY Condominium Rama 9 is around one km. from the main road). By exiting on Rama 9 Road, you can conveniently drive to Suvarnabhumi Airport by Sirat Expressway; on the opposite end, you can exit on Prachauthit Road – where a lot of local food stalls flock at Yaek Meng Jai.  

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Project’s map

Getting There
Personal Vehicle
Route 1: From Ratchadaphisek Road, turn right into Rama 9 Road at Rama 9 Junciton.
Route 2: From Praditmanutham Road, you can reach the project either from Rama 9 Road or Prachauthit Road.

Ratchada Road

We took Route 1 to reach the project. Start on Ratchadaphisek and head towards Rama 9 Road by follow the sign Rama IX which leads you downwards through a tunnel  

dept of public works and town & country planning

You will pass Department of Public Works and Town & Country Planning on the left as shown in the picture

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Keep left and go straight leftwards at this fork    

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Arrived at the entrance of Soi 17 Rama 9 Road

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There’s 7-11 at the street’s opening, drive into the street for 1 km. to reach the project

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You will pass Thai-Japanese Association School on the left

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The project’s sales gallery is on your right hand side

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Opposite of the sales gallery is a land plot where the project will be raised on 

Public Transit
MRT Praditmanutham (Orange Line)
Shuttle Service to MRT Rama 9

Lifestyle Amenities
CentralPlaza Grand Rama 9, Vanessa & Avenue, The Street Ratchada, RCA, Fortune Town, The Shoppes Grand Rama 9, market fair in front of MCOT.

Schools
Thai-Japanese Association School, The Regent’s International School, Lycée Français International de Bangkok, etc.

Hospitals
Piyavate Hospital, Praram 9 Hospital, Bangkok Hospital, etc.

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Analysis

Expected Average Rent Price (assessed from units in other projects)
Studio 20-25 Sq.m.: 12,000 Baht per month
1-Bedroom 30 Sq.m.: 20,000-25,000 Baht per month
2-Bedroom 50 Sq.m.: 30,000 Baht and above per month

 

Benchmark

Project Name: Supalai Wellington II
Developer: Supalai
Address: Tian Ruam Mit Road
Project Types: 19-storey condominium (9 buildings) with 1,002 units
Unit Type: 1-4 Bedroom
Usable Area: 47- 250.5 Sq.m.
Starting Price: 66,900 Baht per square metre
Website: www.supalai.co.th 

Project Name: The Living Ratchada-Prachautit
Developer: Siralai Co., Ltd.
Address: Yaek Meng Jai
Project Type: 3 high-rise condominiums (19,20, and 21 storeys) and 3 low-rise condominiums (all 8 storeys) with 823 total unit
Usable Area: 28 -148 Sq.m.
Starting Price: 2.24 MB
Website: www.thanliving.com 

 

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Summary

JRY Condominium Rama 9 is a freehold low-rise condominium located on Soi 17 Rama 9 Road, born from the joint venture between Chinese and Thai developers. One of the project’s highlights – besides the prime sense of tranquility – is its proximity to the upcoming MRT Praditmanutham (Orange Line) which will connect to the existing MRT Blue Line at Thailand Cultural Centre Station. Regarding Rama 9’s notable attribute of being the “New CBD,” the project’s surroundings includes much of everything you needed: lifestyle amenities, schools, hospitals, public transportation, etc.; the only concern would be the unpredictable traffic congestion – yet, there are several alternative
escaping routes you can take. It seems, with roadshows held in Hong Kong and China, that the developer’s target group are customers in Asian countries; and the fact of having many international school nearby perfectly justifies it. In summary, JRY Condominium Rama 9 is ideal for living due to the peaceful setting in the location far from the hectic crowds, and also very practical for investors who look to rent out the rooms for either Thais or foreigners. 

Interesting ? Just Click Condo Directory Reasonable Price. 

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Eric Wong

DDproperty Content Team