This year’s Saladaeng area is going to be massive as for the first time more than 10 super luxury condominiums on the prime locations are all presented and up for sale in the same year. One of them is Saladaeng One, an exquisite high-rise condo brought up by the meticulous hands of SC Asset Corporation. It was a heavy hitter as being one of a very few ultra-premium condominiums successfully established in Saladaeng, of which potential areas are hardly spotted on.
Project Details (Latest Updated on May 14th, 2015)
Project Name: Saladaeng One
Developer: SC Asset Corporation
Address: Soi Saladaeng 1, Rama 4 road, Bang Rak, Bangkok
Project Area: 1-3-95.5 rais of land
Project Type: One building made up of 29-storey residential zone housing 187 living units, 4-storey parking and 3-storey basement parking. Another building inclusive of pool villas only.
Parking: 192 parking lots in total, counting as 102%. There are total 7 storeys for parking ranging from B1-B3 and G-4th fl.
Facilities: A swimming pool, fitness centre, and saunas all located on 30th fl. A public library and business room are found all on 31st fl.
Residential Zone: Covering from 5th-33rd fl.
Lift: 3 passenger lifts and 1 service lift.
Security System: Key card access system. Elevator access control. CCTV on.
Construction Period: July 2015-June 2018
Selling Price: 13MB/unit or THB270,000/sqm.
Unit Layout:
1 bedroom [50-57 sqm]
2 bedroom [106-122 sqm]
2 bedroom Duplex [106-122 sqm]
3 bedroom [216 sqm]
4 bedroom Penthouse [400 sqm or more]
Pool Villa (In the process of design. For sale when it’s done.)
Note: The best selling units are the 1-bedroom type on the north-eastern side of the building as they afford an incredible, all-embracing scenery of Lumpini park.
There are 5 unit layouts consisting of:
1 bedroom [50-57 sqm.]
2 bedroom [106-122 sqm.]
2 bedroom duplex [106-122 sqm.]
3 bedroom [216 sqm.]
Penthouse w 4 bedrooms [400 sqm or more]
Pool Villa (in the process of design)
Note: The best selling units are type 1-bedroom due to its vantage point of total park view.
One of beautiful shots of Saladaeng One sales gallery.
Simple, contemporary but posh. The infrastructure is contoured with horizontal lines. The condo’s outer appearance strikes anyone as utterly modern with wondrous white glory at the instant. On the outside the building is inclusive of exterior walls and façade panelled with white marble throughout, together with grand mullion-less glass windows positioned with different angles refracting light on each other’s sides beautifully. The frontage of each unit is greatly wide compared to the average condo unit providing for a whole scene of Lumpini Park. While the standard units have an open space of 3-3.5metre wide, 1-bedroom units with 55 square metre space have a frontage of 8.10 metre wide packed with a 4.5 metre wide balcony. The 2-bedroom units each are 16 metre wide and have the best sightseeing spot.
Views of Every Direction
The view from the east provides a good vantage point for seeing into Lumpini garden with a cityscape on the horizon. Near to the condo, Sofitel So Bangkok and LH Bank can be seen up close.
The North Eastern view best encapsulates the entire enclosure of Lumpini garden with nothing hindering from seeing.
The view from the north consists of tall buildings set against the background of Lumpini park.
From the south, an unbroken view of the city together with green space comes into sight.
On the west a sightseeing spot offers a unique and beautiful sight of the city with buildings lining up according to their height from lowest to highest as overlooking from the balcony into the horizon.
Facilities:
30th fl contains a swimming pool, fitness centre, and sauna and steam rooms.
On 31st fl are located the library, business lounge and sky terrace.
Usual Layout Review:
Furnishings: Fully fitted with shoe cabinet, storage, kitchen set, a full set of bathroom sanitary and bedroom’s wardrobe.
Floor-to-Ceiling Height: 3 metre high from floor to ceiling
Air Conditioner: Ceiling-mounted
Wall: All painted in white
Type 1A-1 [1 bedroom & 55.49 sqm] @ Sales Gallery
A wooden door with lever as the front door.
The doorway much resembles Genkan, a Japanese-styled entryway recessed into the floor. It’s made of black stone, whereas the remaining floor is paved with laminate wood (except for the kitchen that is tiled with white marble).
Light switches are wall-fitted by the door.
An L-shaped cabinet is placed covering around the corner of the kitchen and provides for hob, hood, sink and faucet. While the sample room shows a few more appliances like laundry machine and dryer inlet into the long closet with the refrigerator, only refrigerator is offered in the actual selling unit.
A tall shoe cabinet is close by the kitchen door as well as the light switches.
The real selling unit doesn’t include any furniture in the living room, except for TV line and outlet wired on the specific side of the room. The room has glass wall windows with no muttins and only a few mullions allowing for a good unobstructed view.
The balcony spares a perfect space for placing a compressor. The idea that putting the compressor to the home’s frontage will reduce the appeal of the house should be the least of the resident’s worries as the latticework attached to the balcony will provide a cover-up for its hide nor hair.
There is this porch-like corner for eating out, stretch and let off steam, enclosed with glass rails fencing and located outside of the bedroom.
The package of bedroom includes built-in wardrobe and large windows both side-hung and fixed.
The bedroom has a private bathroom which consists of wet and dry zones. In the dry zone, there comes a sink, mirror, and toilet. The wet zone provides for rain shower and drainage enclosed by a glass partition.
Type 2 A-1 [2-bedroom & 116.55 sqm] @ Sales Gallery
It’s inclusive of:
Kitchen
The kitchen incorporates fitted and suspended cabinets with countertop, electric hob, hood and refrigerator into the layout. There is no water line run in this room so it can’t be equipped with neither a laundry machine nor dryer.
Bathroom (separated from the bedroom)
The dry zone of this bathroom has a fixed, long countertop with inlaid sink. The wet zone is rain shower as usual.
There is a closet by the door for installing the dryer and laundry machine.
The window around the corner of the bedroom is placed with a left slant, giving a tiny space for a flowerpot.
Master Bedroom
A master bedroom and small bedroom are positioned opposite to each other, with built-in wardrobe and large window. A private bathroom is included in the master bedroom.
A Private Bathroom in Master Bedroom
The wet zone is inclusive of a bathtub and rain shower protected by a safety-glass partition and inlaid into a marble stone surface. The dry zone is equipped with a standard set of bathroom sanitary.
Saladaeng (also Silom) is one of the oldest financial districts in Bangkok, having existed long before Sukhumvit’s central business district was even born and famous. In its day, Silom was heavily populated, filled with countless commercial buildings, which left too little space for residential development. In the end the central business district was extended into the region around Sukhumvit line, later becoming the most important part of our economy as we all come to know it today.
Because the Saladaeng region lacks space for developing a condominium, the developers negotiated with the proprietors in the purchase of their old buildings to demolish and restructure into condominiums for sale. There is a continuous demand for the condo in this area even at the seemingly unattainable price.
In terms of transportation, the major street running through Silom area is Rama 4-Sukhumvit road, which grants convenient access to all possible destinations in every direction. Though the traffic was severely and constantly heavy during peak hours.
Saladaeng One is located on Soi Saladaeng 1, 80 metre off Rama 4 road but also conveniently accessible from Silom road. It’s 400 metre away from MRT Lumpini station as well as 600 metre from BTS Saladaeng and MRT Silom stations. Given all convenient accesses to transportations, residents at Saladaeng One can travel away without any difficulty.
120 metre from the condo, which is easy to get to. The condo gains an advantage in terms of increased value for having a mind-captivating park view as well as close distance from it, which is strongly demanded by the buyers. Perhaps, the reason why luxury condominiums look even more luxurious is because they settle riverfront, parkfront, or by a large open-green space.
Getting There
Lifestyle Amenities
Bitterman Restaurant on Soi Saladaengh 1 (Cr. faccebook.com/bitterman.bkk)
Treecreeper Saladaeng (Cr. facebook.com/treecreeper.bangkok)
Silom Complex, a centre of fine dining restaurants and commercial shops to fill up empty stomach and bring home more than just commodities. There are banks inside it as well. (Cr. facebook.com/SilomComplex)
Siam-Chidlom, the central districs of business and entertainment encircling from Siam Square, Siam Square 1, Siam Discovery, Siam Centre, Siam Paragon, Central Chidlom, Central Embassy, among others, all accessible with ease via BTS.
Central Embassy.
It was revealed the average rental price of high-end condominiums across Silom falls in the range of THB 800-1,000/square metre. With that in mind, if the initial purchasing price of a unit is THB 270,000/sqm, then the yearly return will be yielded at 3.56-4.44%.
Even though the yield is not substantial, there is a significant room for growth in capital gain down the road, especially while the economy is still up for increased land values and there is a limit in supply of condo units near to Saladaeng One, which stimulates the consumer demand for it.
According to CBRE, the average capital gain of the condominiums in proximity to Lumpini Park is approximately 170% over a 10-year period or 17% annually, computed from the condo’s selling prices of THB 100,000/sqm in 2004 and THB 270,000/sqm in 2015.
Nearby Condos
In the current state of affairs, “The Ritz-Carlton Residences Bangkok” is the only rival that sits closest to Saladaeng One
Super-luxury condominiums launched in 2014-2015 can be divided into 2 zones as follows:
Riverfront condos set along Chao Phraya River, including:
Citycentric condos, some of which are for sale and under construction, including:
Saladaeng One is located in the heart of the city known for the most rapid transit system in the country, so travelling away couldn’t be any better. The condo offers a panorama of Lumpini Park found on every floor on one side of the buildings. Units with park view is also said to yield more return on investment in a long term than the units with city view because of the shift in demand towards park-oriented units. Long term investment in Saladaeng One should be taken seriously rather than short term one because each unit was initially priced really high due to the significant cost of construction be paid back by merely renting out.
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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