Vibhavadi Rangsit comprises a plentitude of significant places and amenities such as the 1st Infantry Regiment, Radio Thailand, hospitals, schools, department stores, offices, public parks, railway stations, an airport and Royal Thai Air Force. Regarding this composition, Vibhavadi Rangsit is a favourable residential area, where the majority of projects are settled in different alleys accessible to other roads. One of those small roads is Vibhavadi Rangsit Soi 3 where high-rise developments are permitted. L.P.N. Development Plc (Check out interesting projects from L.P.N ) finds this location audacious to launch a mixed-use development consisting of office spaces and a residential project namely Lumpini Park Vibhavadi-Chatuchak, a high-rise condominium standing 21-storey tall filled up with 736 units and various facilities such as swimming pool, sports courts, retails, and more. This is a conducive place where citizens can relax during weekends and go about life conveniently during weekdays, with a starting price at 2.49 million baht only.
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Fast Facts About Lumpini Park Vibhavadi-Chatuchak
Developer: L.P.N. Development Plc.
Address: Vibhavadi Rangsit Soi 3, Vibhavadi Rangsit Rd, Chom Phon, Chatuchak
Website: www.lpn.co.th
Call: 02-272-0911
Project Area: Approx. 8-3-48 rai
Project Type: High-rise condominium with 21 storeys and a parking building with 8 storeys
Total unit: 736
Expected Completion: 2019
Lift: 3 passenger and 1 service
Parking: approx. 271 cars or 36% (not included double parking)
Facilities: Lobby, swimming pool, fit-and-firm areas, basketball court, fitness, recreational space, and Pocket Gardens
Security System: Key Card Access, CCTV, and 24-hour security
Starting Price: 2.49 million baht
(Can I buy this condominium? >> Affordability calculator.)
Average Price: approx. 100,000 baht/sq.m.
*Promotion
Same price on every floor with air-conditioning, water heater and furnishing provided
Unit Type
Studio 24-25 sq.m.
1-Bedroom 28.50-33.50 sq.m.
2-Bedroom 53 sq.m.
Lumpini Park Vibhavadi-Chatuchak is part of the mixed-use development Lumpini Tower Vibhavadi-Chatuchak which encompasses an approximate total area of 8 rai, and consist of 1 condominium, 2 office buildings and 1 parking building as follows:
– Tower A: office building with 21 storeys and 105 units
– Tower B: office building with 17 storeys, 96 units and 1 retail
– Tower C: parking building with 8 storeys, 271 parking lots and 4 retails
– Tower D: condominium with 21 storeys and 736 units
Positioning
The developer has planned to place one of the office buildings near the entrance of Vibhavadi Rangsit Soi 3, whereas the condominium (Lumpini Park Vibhavadi-Chatuchak) will be located way deeper at the end of the project’s area. The masterplan will lay side by side to the road, with buildings smaller than eight storeys being in the proximity. Eastward is the second office building, but there’s an 8-storey parking building standing in-between so there’s plenty of room between Lumpini Park Vibhavadi-Chatuchak and that building.
Floor Plan
The Ground Floor consists of lobby, street basketball court, juristic person office, parcel room, laundry area, mechanical rooms, and parking space for cars, motorcycles, and handicapped persons
2nd-3rd Fl. residential units
4th Fl. residential units and Pocket Garden
5th-6th Fl. residential units
7th Fl. residential units, fitness zone, multipurpose room, and House Work
8th Fl. residential units and Co-Living Area
9th Fl. residential units
10th Fl. residential units and Pocket Garden
11th Fl. residential units and Co-Living Area
12th Fl. residential units
13th-14th Fl. residential units
15th Fl. residential units and Co-Living Area
16th Fl. residential units and Pocket Garden
17th-18th residential units
19th Fl. residential units and Co-Living Area
20th-21st Fl. residential units
Unit Layout
Studio type 24 sq.m.
1-Bedroom 28.50 sq.m.
1-Bedroom Free Corner type 28.50 sq.m.
1-Bedroom 33.50 sq.m.
2-Bedroom 53 sq.m.
Facilities
Greenery permeates every floor and corner inside the project, bringing nature close to all residents
One of the relaxing areas with a breathtaking view of the city skyline
Strolling path in the midst of lush garden
Crystalline swimming pool against the backdrop of shimmering skyscrapers
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Studio Type 24 SQ.M.
Upon entering one meets a small kitchen area
The kitchen joins with the living room in an open-plan layout
Space for having an extensive study desk
A wider viewpoint of living room and study desk
The bedroom also shares the common space. Inside a large window welcomes bountiful natural light
1-Bedroom 28.50 SQ.M.
After the entry one is greeted with a small kitchen
An elongated living room where a long desk can be mounted to the wall
The living room connects to a balcony where ample sunlight fills in from the side, and has a fixed window behind, zoning bedroom as another area. This back transparent window also complements the room to feel airier
The bedroom alone is also sufficiently lit by the side windows which extend around corner
Wet and dry areas are separated in the bathroom
1-Bedroom 33.50 SQ.M.
The first zone one will encounter is the kitchen, with a space for a refrigerator
The kitchen connects to the living room in an open-plan format. A small dining set fits comfortably in this space
The living room is flooded with natural light through the expansive windows which extend around the corner
The bedroom is also lit by the cornered windows
Wet and dry areas are separated in the bathroom
Early Vibhavadi Rangsit Road has gained more potential with the forthcoming completion of megaprojects from the public sector such as Bang Sue Central Station and BTS Green Line extension (Mo Chit-Saphan Mai-Ku Kot). With the presence of major department stores, prominent hospitals, reputable schools and famous office buildings, the area has been attracting a high degree of residential demand, contrasting with its current sparse property supplies. According to the land price appraisal from the treasury department for the years 2016-2019, Vibhavadi Rangsit Road in Huay Khwang District has its average land price appraised at 220,000 baht per square wah, while the same road in Chatuchak District sees the number ranging between 150,000-260,000 baht per square wah; nonetheless both numbers are still lower than Ladprao Intersection’s at 250,000-280,000 baht per square wah. These numbers are even expected to rise once the aforementioned megaprojects are completed.
Download the report DDproperty Property Index Q1 2018 and DDproperty Property Market Outlook 2018 for more making right decistion
Project’s Location
Lumpini Park Vibhavadi-Chatuchak’s map
Lumpini Park Vibhavadi-Chatuchak is located in Vibhavadi Rangsit Soi 3 which is accessible to other roads such as Vibhavadi Rangsit Soi 5, Inthamara Soi 15 of Sutthisarn Road, Phahonyothin Soi 18 and 18/1; the two latter roads exit on Phahonyothin Road on the opposite side of Chatuchak Park. The project is close to an expressway and mass transits, and is conveniently reachable to Don Mueang Airport.
Expressway
– 280m from Don Muang Toll Way (Sutthisarn Entry)
– 2.6km from Don Muang Toll Way (Din Daeng2 Entry)
– 2.9km from Don Muang Toll Way (Phahonyothin Entry)
– 2.7km from Sirat Expressway (Phahonyothin Entry)
– 2.8km from Sirat Expressway (Bang Sue Entry)
– 3.8km from Sirat-Outer Ring Expressway (Kampaeng Phet2 Entry)
– 4.3km from Chalerm Maha Nakhon Expressway (Din Daeng2 Entry)
– 4.5km from Chalerm Maha Nakhon Expressway (Din Daeng1 Entry)
Mass Transit Line
– 1.6km from BTS Saphan Kwai
– 1.8km from BTS Mo Chit
–1.8km from MRT Kampaeng Phet
–1.9km from MRT Chatuchak
–2.3km from MRT Phahonyothin
Airport
16.3km from Don Mueang Airport
Surrounded by major department stores, office buildings, Chatuchak Park and many more amenities
Upcoming Projects
BTS Green Line extension (Mo Chit-Saphan Mai-Ku Kot) – 16 stations on 19 kilometers distance; expected completion in 2020
Bang Sue Central Station is poised to be the largest transportation hub in ASEAN with a total area of 2,325 rai. It will link several mass transit lines together including the high-speed train and the double-track railway. In addition, the surrounding areas of 218 rai will be converted to a commercial hub where office buildings, department stores, residential properties and recreational events will occupy.
Lifestyle Amenities
Important places around the project
The project is close to a large green expanse consisting of three public parks: Chatuchak Park, Queen Sirikit Park, and Wachirabenchatat Park or Suan Rot Fai. There’re also Bangkok Butterfly Garden and Insectarium to be found inside.
Restaurant
Anchan Café serves local food from four different parts of Thailand with a unique inclusion of butterfly pea in most of their dishes. There’re a playground for children as well as a co-working space for doing works. The restaurant is located in Vibhavadi Rangsit Soi 18.
Department Store and Shopping Places
Or Tor Kor Market: 1.7 km
Chatuchak Market: 2.1 km
JJ Green: 2.2 km
Central Ladprao: 2.4 km
Big C: 2.5 km
Union Mall: 2.5 km
Tesco Lotus: 2.8 km
La Villa: 3.3 km
Hospitals
Paolo Memorial Hospital: 1.8 km
Prasarnmitr Hospital: 2.8 km
Veterans General Hospital: 3.1 km
Phyathai 2 International Hospital: 4.6 km
Vichaiyut Hospital: 4.8 km
Educational Institutions
St. John’s University: 1.6 km
University of the Thai Chamber of Commerce: 2.4 km
Rajamangala University of Technology Tawan-Ok : Chakrabongse Bhuvanarth Campus: 2.5 km
Surasakmontree School: 2.5 km
Horwang School: 2.8 km
College of Management, Mahidol University: 3.5 km
Samsenwittayalai School: 4.2 km
As Ladprao Intersection and its nearby Vibhavadi Rangsit and Phahonyotin Roads are full of office buildings with more than 50,000 citizens working in, plus the upcoming office buildings of Tower Vibhavadi-Chatuchak, the rental market appears promising in this area. The rental price for a 1-bedroom unit with 35 square meters is around 25,000 monthly, and the yield rate is around 5.4%.
For Whom is Lumpini Park Vibhavadi-Chatuchak Suitable?
Lumpini Park Vibhavadi-Chatuchak is quite outstanding in its location on Vibhavadi Rangsit Soi 3 which is accessible to both Vibhavadi Rangsit and Phahonyothin Roads; the place is conveniently reachable to Don Muang Toll Way, Sirat Expressway and Chalerm Maha Nakhon Expressway, as well as BTS and MRT public transits. Here is also a major working hub as head offices and prominent office buildings prevail. Public amenities – such as department stores, hospitals, schools, and public parks – are ample, with Green Line’s extension and Bang Sue Central Station nearly complete in a couple years’ time. Regarding these attributes, Lumpini Park Vibhavadi-Chatuchak is favorable for residents who seek urban lifestyle with mass transits available at hand, as well as investors for the price starts merely at 2.49 million baht. For those interested, earning a salary around 40,000-45,000 baht will sufficiently qualify a mortgage, or, if you’re unsure about your affordability try our mortgage calculator here.
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