Combined with the 4 projects in the 'Thong Lo' district, you can become an owner with just 5 million baht!!!
Created Jun 26, 2023
When you hear the name 'Thonglor condominium,' little Genie is confident that many people secretly worry about the prices. It's understandable because this district is known for having everything: convenient transportation, a vibrant lifestyle, various international restaurants, numerous bars and pubs. It's no wonder that many people want to move to this area.
With the comprehensive convenience offered in this district, it's not surprising that residential prices here are increasing according to the location's potential. But don't worry, my friends! Today, little Genie will introduce some projects where you can become an owner with just 5 million baht. Let's explore these projects together!
1. The 'Thonglor' district.
Before we go and explore the interesting projects, let me briefly introduce you to the 'Thonglor' district, my friends. I must tell you that this district is known for having a large number of Japanese residents. This is because during World War II, this area served as a base for the Japanese army. After the end of World War II, some Japanese citizens decided to settle down and establish their roots in the 'Thonglor' district.
Within Sukhumvit Soi 55, which is the main and prime location of Bangkok, lies this district. This is because this road is very wide and allows convenient traffic flow. Whether it's Petchaburi Road - Sukhumvit Road or the alleyways that connect to Ekamai area, such as Thonglor Soi 10 - Ekamai Soi 5 or Thonglor Soi 20 - Ekamai Soi 21, and even the connecting alleyways to Sukhumvit Soi 49 and 39, it's all part of this area.
In terms of amenities, whether it's shopping malls, supermarkets, schools, or even hospitals, I must say that they are all readily available in this district. However, the majority of supermarkets in this area are often referred to as 'Japanese Town' because both the atmosphere and various decorations resemble those found in Japan, creating a similar ambiance.
2. Is investing in condos in the 'Tong Lo' area still worthwhile?
If we talk about the value of investment in the "Yan Nontong Loh" condominium area, it is considered a highly convenient area, as mentioned by Genie. It offers easy transportation, proximity to shopping malls, supermarkets, schools, and even hospitals. The overall atmosphere and diverse decorations give a Japanese-like ambiance, hence the nickname "Japanese Town."
However, most new investors tend to avoid investing in condos in the Yan Nontong Loh area. This is because condo prices in this area have skyrocketed to over 250,000 baht per square meter, causing concerns for many individuals. As a result, they choose to invest in nearby areas such as Ekkamai condos.
On the other hand, experienced real estate investors still prefer condos in the Yan Nontong Loh area. This is due to the current rental yield, which ranges from 4% to 5% for condos in this area. Furthermore, in the future, by the year 2573, there will be a Gray Line (Phase 1: Watcharapol-Thong Lo) passing through Thong Lo Road. Undoubtedly, the introduction of the "Gray Line" will significantly increase the value of the Yan Nontong Loh area.
As we know, the Yan Nontong Loh area currently consists mainly of luxury condominiums. Moreover, after conducting research, it was found that condominium prices in Sukhumvit 55 are as high as over 300,000 baht per square meter. Genie has gathered some approximate condominium prices for reference.
Please note that the translation provided is done to the best of my abilities to convey the meaning accurately and clearly, but it may not be an exact replication of a native speaker's style
As you can see from the table above, even though some projects have been constructed for more than 4-5 years, their prices have surged significantly higher than the initial launch prices. The main factor driving up condominium prices is the demand from various customer groups, particularly foreigners who want to reside in Thong Lo Soi or Sukhumvit 55.
Another factor contributing to the steep increase in condominium prices is the land appraisal prices for the years 2023-2026 by the Treasury Department. The land appraisal prices in the Thong Lo area have skyrocketed to 500,000 baht per square meter. It should be noted that actual buying and selling prices could be even higher.
Although some condominium prices in Sukhumvit 55 are quite high, it doesn't mean that we cannot become condo owners in this area. With a budget of just 5 million baht, we can still own a condo in Thong Lo, just like anyone else. Let's take a look at some of the projects together.
Please note that the translation provided is done to the best of my abilities to convey the meaning accurately and clearly, but it may not be an exact replication of a native speaker's style.
3. 4 projects in Thong Lo, you can be an owner with just 5 million baht!!!
4 projects in Thong Lo.
1. Thonglor Tower
2. D 25 Thonglor
3. The Alcove Thonglor 10
4. Le Cote Thonglor 8
1. Thonglor Tower
Location: Soi Thong Lo 18, Sukhumvit 55 Road
Area: N/A
Project Type: High-rise condominium with 18 floors, 2 buildings, and a total of 736 units
Design Style: Modern design with cool-toned colors, separate kitchen and bathroom, proportionate layout to prevent dampness
Unit Types/Sizes:
- 1-bedroom: 40 sqm
- 2-bedroom: 45 sqm
- 3-bedroom: 98-100 sqm
Average Price per Square Meter: 87,121 THB/sqm
Parking: 100% availability
Project Developer: Ekaming Machinery Co., Ltd.
Completion Year: 2538 (1995)
Project Highlights:
- The project is located approximately 1.6 km away from Thong Lo BTS station.
- It features common areas and amenities, along with a 24-hour security system.
- Thonglor Tower is situated in the heart of Thong Lo, close to various conveniences such as Thai and Japanese restaurants.
- The average price per square meter is considered affordable for individuals with average income or office workers in the Thong Lo area.
2. D 25 Thonglor
Location: Soi Thong Lo 25, Sukhumvit 55 Road
Area: 376 square wah (1,504 square meters)
Project Type: Low-rise condominium with 8 floors, a total of 98 units, and fully furnished for sale
Unit Types/Sizes: 1-2 bedrooms with sizes ranging from 35.56 to 68.88 square meters
Average Price per Square Meter: 105,121 THB
Parking: Approximately 60% availability (including stacked parking)
Project Developer: D Well Grand Asset Co., Ltd.
Completion Year: 2555 B.E. (2012)
Project Highlights:
- High-quality furniture materials and comprehensive in-unit amenities.
- Close proximity to community malls, restaurants, and various other facilities.
- Convenient transportation with easy access to Thong Lo BTS Skytrain station.
3. The Alcove Thonglor 10
Location: Soi Thong Lo 10, Sukhumvit 55 Road
Area: Approximately 1-1-11 rai (1,844 square meters)
Project Type: High-rise condominium with 23 floors and 1 building, consisting of 135 units
Design Style: Modern and luxurious architectural design featuring a combination of white, gray, and black tones that exude a sense of modern luxury. The project's standout feature is the 360-degree city view, captivating everyone with the beauty of the Thong Lo neighborhood.
Unit Types/Sizes:
- Studio: 32-37 square meters
- 1 Bedroom: 40-53 square meters
- 2 Bedrooms: 69-79 square meters
- 3 Bedrooms: 126-139 square meters
- Penthouse: 185-203 square meters
Average Price per Square Meter: 124,540 THB
Parking: 100% availability
Project Developer: Samirano (Thong Lo 10) Co., Ltd.
Completion Year: 2551 B.E. (2008)
Project Highlights:
- The project is located only 1.4 kilometers away from Ekkamai BTS station and 1.6 kilometers away from Thong Lo BTS station.
- Ample common areas and amenities are provided, along with a 24-hour security system.
- Thonglor Tower is situated in the heart of Soi Thong Lo, offering proximity to various conveniences such as Ekkamai Gateway, shopping malls, department stores, and many other shopping destinations.
- The average price per square meter is considered reasonable for investment or comfortable living, especially when compared to newly developed projects.
4. Le Cote Thonglor
Location: Soi Thong Lo 8, Sukhumvit 55 Road
Area: 3 rai 11.00 square wah (5,844 square meters)
Project Type: Low-rise condominium with 8 floors and 1 building, comprising 99 units
Unit Types/Sizes:
- 1 Bedroom: 30.50 - 53.00 square meters
- 2 Bedrooms: 48.50 - 81.50 square meters
- Penthouse: 78.50 - 102.50 square meters
- Duplex: 70.50 square meters
Average Price per Square Meter: Starting from approximately 148,007 THB
Parking: Not available
Project Developer: City Resortland (a subsidiary of City Resort Property)
Construction Start: Not available
Completion Year: 2556 B.E. (2013)
Project Highlights:
- Comprehensive amenities are provided within the project.
- Close proximity to J Avenue and various other community malls.
- Convenient transportation with easy access to Thong Lo BTS station.
Friends, as you can see, the projects that Genie mentioned serve as examples of all four projects. Their average price per square meter is not excessively high when compared to recently completed projects. You can clearly observe the subtle differences in prices.
Although the projects that Genie presents have been around for a while, they still maintain well-maintained amenities, location advantages, and architectural aesthetics. They have undergone renovations and repairs in certain areas. Genie believes they are highly suitable for those of you who desire to live in the heart of Bangkok, specifically in the Thong Lo area, while having a limited budget.
For those of you who are not satisfied with the four projects that Genie presented, there's no need to worry. Genie has a list of projects located near Thong Lo BTS station, spanning two lanes. If you're curious about other interesting projects, you can follow up at the end of the article.
For those of you who are currently searching for a house or a ready-to-move-in and decorated condominium, you shouldn't miss this website: www.genie-property.com. It's an easy-to-use assistant in the form of a VR tour that will save you time and allow you to see actual rooms without having to visit multiple locations. This website certainly fulfills the needs of all friends.
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