Project Review: The Happiness Condo

  • DDproperty Content Team
  • 28 December 2015

The Happiness Condominium rejoiced the corporate individuals and well-paid workers of Bangkok Germopolis Industrial Estate with great joy of convenient accesses to their office within foot distance as well as the community’s amenities where they enjoy their shopping abundantly. The condominium suits a wide range of buyers including those who work and travel abroad frequently or those who live by themselves, with a roommate or a spouse. The condominium is offered at a reasonable price. Though it’s slightly more expensive than the price of a single house. But investing in this condominium shall bear great fruits.

Project Details (Updated on September 13th, 2015)

Project Name: The Happiness Condo

Developer: Maboonyong Real Estate

Website: www.thehappinesscondo.com

Address: Soi Kanchanapisek 39, Onnut-Bangna

Project Area: 16 rais of land

Project Type: A low rise condo of sixteen 5-storey buildings categorized into 3 phases as follows: Phase A has 200 residential units. Phase B has 311 residential units. Phase C has 311 residential units.

Unit Type: Studio 23.00 – 25.87 sqm starting at 1.24 – 1.39MB. 1-bedroom 25.00 – 39.50 sqm for 0.89 – 1.89MB.

Unit Space: 25.0-39.5 sqm

Security System: CCTV, key card system, security guard 24/7.

Facilities: A swimming pool, fitness centre, and park.

Construction Completion: Under construction. Approved by EIA.

Selling Rate: 85%

Maintenance Fees: THB 30/sqm a month (1 year amount paid up front)

Sinking Fund: THB 300/sqm (1 time payment)

Transfer Fee: At no charge.

Project Details

The Happiness Condo is a mid-rise structure within which a total of 16 living buildings are housed. What causes it to be so attractive and desirable is its proximity to the germopolis outlet where more than 20,000 people work, the transit line, and Suwannaphum Airport. Despite being around bustling places it offers a serene and peaceful living experience to your surprise. It also contains open spaces in between buildings for the residents to kick back and indulge with great sense of comfort even at the time outside their own lodgings.

The Happiness CondoThe Happiness Condo (1)

The Happiness CondoThe Happiness Condo (4)

Sample Studio

The Happiness CondoStudio (3)

Bedroom

ห้องนอน

A large bedroom fits in the corner of the room with a bedside lighting.

living area

Living area

The Happiness CondoStudio (6)

The Happiness CondoStudio (2)

บริเวณครัวและรับประทานอาหาร

Dining area

Sample 1-bedroom

The Happiness Condo1 (3)

Bedroom

living room

Living room

บริเวณรับประทานอาหาร

Dining area

Facilities
A swimming pool, fitness centre and park (available in 2015)

The Happiness Condo201508-29-171150_fjHN-0

The Happiness Condo201508-29-171153_t15S-0

The Usual Floor Plan

Furnishing: Index

AC: Daikin

Shower Heater: Rinnai

Bathroom Sanitary: Cristina

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Location

Before the establishment of Mega Bangna, Bangna-Trad area was quite bleak and fallow in which only a few domiciles could be seen. But by the arrival of it along with BTS Sukhumvit Line, the residences of all types started to show up, multiplying in number into endless packs compressed between the roads. The lives and well-beings of the residents within this zone rely heavily on the resources including Big C, Ikea, Central Plaza, Bitec Bangna, and Boon Ta Won. In terms of transportation, the extended line of public transit will be available in 2019 to provide for passages interconnecting BTS and Airport Rail Link as well as Suwannaphum Airport. The same year can be expected of the increase in the condo’s value.

The Happiness Condo is located along Soi Kanchanaphisek 39 offering a short route towards King Kaew road. It’s also close by Suwannaphum Airport, 4.5 km from Onnut-Lad Krabang and Bangna-Trad roads, as well as 5.5 kilometre from the germopolis outlet and Or Tor Kor VIDA Market. The condominium is an attractive choice for those who want to invest in property and cultivate high capital gain. The condo unit of Happiness Condo is sold at the price range of 0.89 – 2.54MB. The selling unit is not just affordable but also comes with the design and capacity particularly suitable for those who live by themselves, considered a bijou for those who live in the extended family of 3-7 members.

Getting There

The Happiness Condo is located on Soi Kanchanaphisek 39, 1km from Kanchanaphisek road, as well as lying in between Onnut (Lad Krabang) and Bangna-Trad roads. Residents can use those roads to get a shorter route to Suwannaphum Airport. At the same time the roads offer a convenient way out of the community into King Kaew road as well.

แผนที่โครงการ

Directional map to The Happiness Condo

ขับตรงมาประมาณ  1 กิโลเมตรจะเจอ ตลาดนัดขนาดย่อมที่เปิดบริการทุกวัน คนแถวนี้เรียกว่าตลาดโรงถ่าน

Drive along Sukhaphiban 2 road about 2 kilometres before stumbling across the T-Junction near Sirinthorn Hospital. Pass through the junction and drive down the road about 1 kilometer, you will arrive at Rong Than market.

ส่วนใหญ่เป็นร้านค้าที่ขายอาหารสำเร็จ

Most made-to-order restaurants set around the convenience store.

ขับตรงมาอีกหน่อยจะเจอป้ายโครงการป่าในกรุง ให้ขับตรงต่อไป

As you continue further down the road, you will pass by PTT Reforestation Site.

จะพบป้ายชี้ทาง เดอะแฮปปี้เนสคอนโด เลี้ยวซ้ายด้านหน้าระยะทางประมาณ 50 เมตร

After a journey of over 4 km along Sukhaphiban 2, white signposts stationed off road directing towards The Happiness Condo, Gemopolis Industrial Estate and Wongwhaen Onnut road, come into sight. Take the left onto the street towards the condo. Drive into the street about 500 metres and the condo can be found.

ทางเข้าโครงการ เป็นทางเข้าเดียวกับ ตลาด  อตก. Vida

Vida Or Tor Kor VIDA market is located by the condo.

เลี้ยวเข้าซอย กาญจนาภิเษก 39 (เป็นทางเข้าเดียวกับ ตลาด  อตก. Vida)

The condo and the Or Tor Kor Vida market is located on the street called Soi Kanchanaphisek 39.

เข้ามาประมาณ 500 เมตร จะพบตลาดนัดอาหารและสินค้า ขนาดใหญ่ ที่คนในละแวกนี้ใช้ซื้อหาจับจ่ายกัน

There are a bunch of fresh food stalls clustering within the market.

มี Lotus Express ตั้งอยู่ไม่ไกลจากตลาดนัด

Tesco Lotus express is situated by the market.

ขับตรงต่อมาอีกเล็กน้อย จะพบโครงการเดอะ แฮปปี้เนส คอนโด

Deeper in the street lies The Happiness Condominium.

Lifestyle Amenities

IKEA Bangna

The Happiness CondoProject-IKEA

Route from Happiness Condo to IKEA Bangna

 

Central Plaza Bangna

The Happiness CondoProject-Central Bangna

A direction from the condo to Central Bangna

Boonthaworn

The Happiness CondoProject-Buntawon

From Happiness Condo to Boon Thavorn

Suwannaphum Airport

The Happiness CondoProject-Suvanaphum

A directional map to Suwannaphum Airport

 

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Analysis

If people want to make a property purchase with an investment purpose at bearable cost, The Happiness Condo is here for them. Geography of the condominium is surrounded by main roads, including Kanchanphisek road, Bangna-Trad road and Onnut-Lat Krabang road, and more importantly, near the germopolis outlet where more than 20,000 lives including employees and management work to produce quality jewels. The Pandora Group, the largest Danish jeweler now based at the germopolis outlet, holds more than 10,000 talented craftsmen as the majority. As a result, the rental yield of the condo would be achievable around 5% annually.

Nearby Condos

1. Park Village Onnut-Suvarnabhum

The Happiness CondoPark Village Oonnuch

The project owner, Baan Chaiyapornwithi established an 8-storey condominium over 0-2-46 rais of land offering 56 residential units with 2 different layouts including studio and deluxe. The studio has a living space ranging from 33.5 – 38 square metre, and deluxe offers a living area of 50.5 square metre. The deluxe comes with 1 bedroom, 1 bathroom, dining area, kitchen and living room. The parking space is located on the 1st floor. The selling price started at 1.4MB/unit, equivalently THB 42,000/sqm. (Cr. www.parkvillagecondo.com)

  1. Lumpini Ville Onnut-Phattanakan

The Happiness CondoLumpini Ville Oonnuch

Lumpini Ville Onnut-Phattanakan is a large condominium project developed by LPN Development, spanning over 15 rais of land with seven 8-storey buildings housing a combined total of 1,594 living units. The room sizes range from 22.50 – 35.00 sqm. The starting price was 1MB/unit or THB 45,000/sqm. (Cr. www.lpn.co.th)

 

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Summary

The frustration for having to flee from home every day for the germopolis outlet, can finally be settled down. The people do not have to worry about rushing out of home and getting exhausted after struggling through the traffic to be there on time, if only they purchase a unit of The Happiness Condo to live either temporarily or permanently. They get to have time to recuperate at home fully and also conveniently take a flight as often as they want at Suwannaphum Airport. The price of each unit is easily paid off by any buyers of the middle class. As of today, the selling rate achieved 85%. The 70% of the units sold are for living generally and the remaining units are put up for rent.

This project review is written by Chaiyasit, a full-time reviewer at DDproperty.com, the No.1 property listing portal in Thailand. For any questions, please email to chaiyasit@ddproperty.com.

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Eric Wong

DDproperty Content Team