BTS Green Line is scheduled for Mochit-Saphanmai-Kukot extension, comprising 16 new stations that will be completed in 2019. Asset Wise, with a visionary plan, has launched a low-rise condominium Modiz Interchange, sitting next to this extension route with Wat Phra Si Station to be located only 90 metres away. The station also transits to the Monoral Pink Line that will come operate sometime the same period. Modiz Interchange comes with economical price at THB 1.79 million, and features mainly one-bedrooms for limited-budget consumers.
(Reviewed: 25 Oct 2016)
Project Name: Modiz Interchange
Developer: Asset Wise Co., Ltd.
Address: Ramintra Road, Anusawari, Bang Khen, Bangkok 10220
Website: http://modizcondo.com/interchange/
Call: 089-3311-777
Project Area: 1-1-55 rai
Project Type: Low-rise condominium with 8 storeys
Total Unit: 217
Construction Progress: Start in 2017 and expected to be completed in 2018
Parking: 40 % accommodation
Facilities: Duplex lobby Lounge & Library, Poolside terrace, Rooftop Co-working space, Moonlight garden, Sky pavilion, Panoramic fitness
Security System: Key Card Access, CCTV, 24-hour security guards, Digital Door Lock
Terms of Payment: Booking 10,000 – 30,000 Baht, Down Payment 249,000 Baht
Sinking Fund: 500 Baht/Sq.m. (single collection)
Maintenance Fees: 45 Baht/Sq.m. (2-year advance payment)
Starting Price: 1.79 MB
Average Price/Sq.m.: 81,000 Baht/Sq.m.
*Those registered in the VIP Round grants privilegeTHB 100,000 discount
Booking Payment + First Installment = free furnishings: Blutooth Sound Sytem, kitchen set with sink, hob, and hood, air-conditioner, digital-lock door
** terms and conditions are under company’s supervision
Unit Type
1 Bedroom (1 Bedroom 1 Bathroom) 22.70 – 24.37 Sq.m. (111 units)
1 Bedroom Extra (1 Bedroom 1 Bathroom) 28.40 sq.m. (90 units)
1 Bedroom Plus (1 Bedroom 1 Bathroom) 38 – 42.94 Sq.m. (15 units)
Duplex (2 Bedroom 2 Bathroom) 63.22 Sq.m. (1 unit)
Modiz Interchange’s appearance exudes modern and athletic mood through a combination of dark and brown colours on its surface. A large transparent window covering one building’s corner on the first floor is the two-storey duplex lobby lounge with a library. One side of the dark building slashed down a floor-to-rooftop multi-frames window, making the architecture more dynamic-perceived. The top floor exhibits a scenic swimming pool with a kids pool and a poolside terrace. An indoor space built next by is a glass-encased panoramic-view fitness. And on the higher level lays a rooftop co-working space with a vantage point to overlook the hectic city.
There are three types of one-bedrooms sequencing in usable area and starting price. The first type, which is the majority, offers 22.70 – 24.37 square metre usable area. Next, 1 Bedroom Extra offers a slightly more space at 28.40 square metre; the two types suit two persons for the maximum. The last type of one-bedrooms is 1 Bedroom Plus, offering 38 – 42.94 square metre and a multipurpose in addition to the layout. There is one Duplex 2 Bedroom unit with a usable area of 63.22 square metre, but it is possibly been purchased.
Master Plan
The first floor consists of a parking lot, mail room, pump room, guard office and a stairway to the lobby and residential units
The second floor consists of duplex lobby lounge, juristic person office, and residential units
Third floor, the yellow zone is the second storey of the dublex lobby designed with a library and co-working space
4 – 7 FL. consist of residential units with 33 rooms per floor at maximum
The eight floor occupies both residential units and facilities: saltwater swimming pool with kids pool and poolside terrace, and panoramic-view fitness
The rooftop offers a co-working space, moonlight garden, and a sky pavillion
1 Bedroom (1 Bedroom 1 Bathroom) 22.70 – 24.37 Sq.m. (5 Types)
1 Bedroom Plus (1 Bedroom 1 Bathroom) 38 – 42.94 Sq.m. (3 Types)
Duplex (2 Bedroom 2 Bathroom) 63.22 Sq.m.
Facilities
Imposing duplex lobby with library on the second floor
Airy working area with contemporary decors and spiral staircase to the library on the second floor
Floor-to-ceiling window in the corner complements the space to be airy
Cosy library with nocturnal expression
Panoramic Fitness at night
Panoramic Fitness at day
Swimming pool with kids pool and a poolside terrace (5.6×15 m.)
Rooftop Co-Working Space with verdant embellishment
Moonlight garden to stroll with gentle night breeze
Sky Pavillion with two comfortable floating seats and adorned gardens
1 Bedroom (1 Bedroom 1 Bathroom) 24.37 Sq.m. (Type A1)
Wooden main door with aluminum handle and digital lock from Samsung
Wooden-texture Vinyl flooring
The bedroom is in the inner zone partitioned by a sliding door
Mini kitchen counters with hob, hood and sink
There are upper and lower cabinets and spaces to place a microwave and a fridge. The blue lighting above is an additional decor of the show unit
White splashback and countertop might make stains easily noticed, careful when cooking. The hob is from Mex brand and has two heating spots
There’s a shelf between the hood and upper cabinet where you could place condiments
Inside the bathroom, the toilet is from Kohler brand. The shower room located against the corner with its screen from Englefield
The bathroom is on the left of the corridor from the main entrance
Above the white basin is a built-in vertical mirror. Grey parts of the room are tiles with rough texture to prevent slips
The living room and bedroom are located next to each other with a sliding door partition separating the two zones
TV shelf next to the kitchen is also provided. A great size of TV is compatible on it.
A small dining table is compatible to the space in front of the sofa
View from the corridor to the living room
Carpets and lightings would help the room look more classy
A king-sized bed is practical to the bedroom. Curtains and decor on this part of the wall are example designs
The built-in closet and air-conditioner are at the opposite of bed
Space between the bed and furniture
There’s a recessed corner beside the bed where a set of table and chair could be placed
The one shown is a queen-sized which left more space to the room compared to a king-sized
A 10-cm-high step to cross from the room to the balcony
Space in the baclony with black steel balustrade. The air-con compressors are hung floating and covered by the rail ahead
1 Bedroom Extra (1 Bedroom 1 Bathroom) 28.40 Sq.m. (Type B1)
This type offers a little more space to have a dining set in the living room
The room has the same layout as the previous type: bathroom and kitchen as the first zone, then living room and bedroom respectively
The corridor has bathroom on the left and kitchen on the right upon entering the room. The dark structure around the walk-through entrance is a decor example
The kitchen set comes with similar features: sink, hob, and hood from Mex
Same as the bathroom: shower room placed against the corner, floating white basin with tall mirror, and a toilet from the brand Kohler
The shower room partition is from Englefield
The living room comes with more space with the sofa facing toward the bathroom wall
On the side next to the wall, you could have a 2-seat dining table
The corridor from the main entrance. An art piece on this part of the wall brings a good mood to the room
Not so spacious but not too confined for two to share a delighted meal
With the sofa back against the bedroom, sitting in the living room would give a greater feeling of a private room
Upper cabinets float above the TV shelf on a reachable height. The air-conditioner is on the right side right underneath the ceiling
Bedroom comes in similar features as the previous unit’s. The air-conditioner is Daikin-branded
A recessed corner occupied with a working desk and a chair, and sliding door to the balcony
A desk lamp could substitute the ceiling lamp for cost saving. The curtain is definitely necessary to cool the heat transmission during the day
There are faucet and electric sockets for the use of wasing machine in the balcony
Overlooking the entire room from the bedroom’s corner
1 Bedroom Plus (1 Bedroom 1 Bathroom 1 Multipurpose Room) 42.94 Sq.m. (Type D3)
One Bedroom Plus comes with an addition of a multipurpose room
The screen next to the light switch is the Sound System featured in the promotion package
The room now looks much more expansive with living room as a centre point and two bedrooms in the inner zones
The room designed the cooking space as a closed kitchen, located on the right upon entering the room
A 2-seat dining table is placed on the left, brightened with a big ceiling lamp above it (the lamp is excluded)
Inside the kitchen the counters are built in L-Shape with its end leaving a space for a refrigerator
Upper cabinets take up the space above the sink and hob with a shelf to store a microwave. The panels function with soft-close mechanism
Two people can stand next to each other in the kitchen, but moving back and forth might cause some physical collision
A rail to hang kitchen utensil could be set behind the sink as shown in the picture
Near the living room is the mentioned multipurpose room which is designed as a small bedrom in this unit
There’s a recessed wall in-between the bathroom and kitchen, built-in with a floating desk with air-conditioner above
Different from the standard type where the living room space is limited, 1 Bedroom Extra and 1 Bedroom Plus has extended space to have a long sofa placed on
You could still watch the TV while eating
The master bedroom entrance is on the right near the bathroom’s
A 3ft bed is provided though you can add a desk on the side for more
This unit type is ideal for a couple with a child. However if you don’t have one, customise this room to be a library, indoor garden, mini fitnees, or anything you’d like to
The unit’s balcony is connected to the multipurpose room
Careful not to bump into the sliding partition as it is transparent
The bathroom gives a broader window compared to the previous units’. The basin, toilet, and shower room aligned in sequence
The shower room comes with a soap dish
The master bedroom with a queen-sized bed still remained space to walk around. The silky drape reveals a blurred outdoor view through its translucent texture
The end of bed stands a TV shelf for you to lie and watch before sleep or after wake up (The TV is not provided)
On the side is a built-in closet, occupied floor-to-ceiling space
The existing BTS Green Line is expected to have 16 new stations extended in the northern part from the current terminus Mochit Station. The alignment will run around 19 kilometres in distance passing Lat Phrao Intersection, Ratchayothin Intersection and eventually end at Khu Khot Station around Lam Luk Ka Road. Along its route at Lak Si roundabout is an interchange Wat Phra Si Station which will join with the Monorail Pink Line; both routes expected to come operate in 2020. In addition, the Monorail Pink Line consists of 30 stations starting from Nonthaburi Province on Rattanathibet Road and end at Min Buri Station in Min Buri district. The route will pass Tiwanon Road, Chaeng Wattana Road, Ramintra Road, and Ramkhamhaeng Road. It also intersects with several other lines such as Purple Line, Dark Red Line, Green Line, and Orange Line. While now there are only three mass transits serving the population: BTS Green Line, MRT Blue Line, and MRT Purple Line; by the time more routes come to completion station by station, Bangkok Metropolitan Region will have a full-scale transportation network linking every area together as one.
Project’s Location
Modiz Interchange is located on Ramintra Road close to Lak Si roundabout (Phithak Ratthathammanun Monument) and only 90 metres from the upcoming Wat Phra Si Station, an interchange between BTS Green Line and Monorail Pink Line. In the vicinity, prominent amenities are Tesco Lotus situated around 1 kilometre upward on Phahonyothin Road, Krirk University located a short walk on the left on Ramintra Road, and CentralPlaza Ramintra, a department store standing a short distance further around Ramintra 3 Alley.
Getting There
The green line represents BTS Green Line along Phahonyothin Road, while the intersecting pink line represents Monorail Pink Line along Chaeng Wattana Road and Ramintra Road from left to right
Hence, the two main roads to reach the project are Phahonyothin Road and Ramintra Road. Coming to this Lak Si roundabout from any of the four entries, you need to keep left while driving around the roundabout as the project is located shortly after you exit on Ramintra Road (the right axis according to the map).
Lifestyle Amenities
Liab Duan Night Market
Market & More
The Walk Kaset-Nawamin
Phrasi Mahadhat Worawihan Temple
If you look to buy units here to lease out for monthly income, observe some other projects first as demand from the low-income consumers are still sluggish due to the home loan restrictions and high level of household debts. Consumers now might be more interested in the area closer to the CBD. However, one attribute that keeps Modiz Interchange appealing is the upcoming of Mo Chit-Saphanmai-Kukot extension of BTS Green Line, that will lay an interchange station a short walk from the project. When the extension is completed in 2019, demand for units here will definitely increase; nevertheless, by that time the unit prices would have increased as well. In other words, purchasing units early is better as long as you could find a tenant. You might need the help from agents though they charge some commission, or advertise with no cost on the websites to find tenants faster.
| Unit Type | Usable Area (Sq.m.) | Average Rent Price/Month |
| 1 Bedroom | 22.70 – 24.37 | 8,000 – 10,000 |
| 1 Bedroom Extra | 28.40 – 28.29 | 12,000 |
| 1 Bedroom Plus | 38 – 42.94 | 15,000 – 20,000 |
| Duplex | 63.22 | 30,000 up |
Benchmark
| Project Name | Total Unit | Usable Area | Average Price/Sq.m. | Starting Price |
| (Modiz Station | 246 | 23 – 48 | 90,000 Baht | 1.89 MB |
| Kensington 63 | 231 | 23.40- 47.60 | 70,000 Baht | 1.49 MB |
Modiz Station
Modiz Station
Project Name: Asset Wise Co., Ltd.
Project Type: 8-storey condominium
Total Unit: 246 units
Pre-Sales: 10 – 11 September 2016
Construction Progress: Start 2017
Expected Completion: 2018
EIA (Environmental Impact Assessment): in progress
Parking: 78 cars or 40% (excluded double parking)
Starting Price: 1.89 MB
Average Price/Sq.m.: THB 90,000
Unit Type (Fully Furnished):
1 Bedroom 23 Sq.m. (108 units)
1 Bedroom Extra 26 Sq.m. (110 units)
1 Bedroom Plus 30 – 36 Sq.m. (24 units)
2 Bedroom 48 Sq.m. (4 units)
Kensington 63
Project Name: Origin Property PCL. (ORI)
Project Type: 8-storey condominium with 1 facility building
Total Unit: 231 units
Project Area: 1-3-31 rai
Pre-Sales: 10 – 11 September 2016
Construction Progress: Start 2017
Expected Completion: 2018 Q2
Parking: 40%
Selling Rate: 50% at the time of writing
Sinking Fund: 400 Baht (a sum collection)
Main: 40 Baht/Sq.m. (1-year advance payment)
Starting Price: 1.49 MB
Average Price/Sq.m.: 70,000 Baht
Unit Type:
1 Bedroom Superior 23.40 Sq.m.
1 Bedroom Deluxe 25.90 – 30.70 Sq.m.
1 Bedroom Extra 32.50 – 37.50 Sq.m.
2 Bedroom Penthouse 47.60 Sq.m.
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