IDEO Sukhumvit 93
Situated just 80 meters from Bang Chak BTS Station, in one of the City's most exciting new neighborhoods, IDEO Sukhumvit 93 is poised to become a major residential landmark in Bangkok when completed in December 2018.
The project comprises 1,332 FREEHOLD condominium units and two retail shops on 38 floors. It will also include 615 carparks, equivalent to 46% of the residential units.
Ideo Sukhumvit 93 is developed by Ananda development, one of Thailand’s leading residential developers, and Mitsui Fudosan from Japan.
June 22, 2018
Project: IDEO Sukhumvit 93
Developer: Ananda Development Public Company Limited
Plot Size: 8-3-59.6 Rai (2,492 Sq.M.)
Address: Sukhumvit 93
Number of Buildings: 1
Number of Floors: 38
Number of Units: 1332
Completion Date: December 2018
Number of Units: 366
24.8 - 32.4 Sq.m.
54.2 - 68.4 Sq.m.
Parking: 46% (616 lots)
Energetic Playscape, Garden
2 Enegertic Pools, Chidlren's Pool
Club, Co-working Space
Starting Price: 7.99 mb
Starting Size: 25.5 Sq. m
Average Price per Sq.m.: 150,000 Baht
First 20%: Within 30 days
Final80%: Transfer of ownership
IDEO Sukhumvit 93 is just 80 meters from Bang Chak BTS Station, or just 15 meters from the sky walk leading to the station ticketing area. From Bang Chak, there are only four stations to Thonglor, Bangkok's entertainment and lifestyle hub, and five stations to the EM District (Emporium and EmQuartier), one of the City's most popular shopping areas.
Bang Chak is an upcoming area with a potential to grow in the future. The area is home to the DKHS Thailand headquarters and M Tower, and a new office building by Montri International. Multiple amenities can also be found in the immediate vicinity including two excellent international schools, Tesco Lotus Sukhumvit 50 and Big C Extra Onnuch. The expressway entrance and exit are located nearby at the end of Sukhumvit Soi 62, offering easy access to the City center as well as destinations further from town.
Located only 10-15 minutes from areas such as Phrom Phong and Thonglor where new development prices currently exceed THB350,000/sq.m., IDEO Sukhumvit 93 promises excellent capital growth and rental yields. As residential developments in the city center are getting more and more expensive, Bang Chak has recently become an appealing residential choice at a more affordable price, attracting a new, energetic and entrepreneurial group of locals and expatriates who are not only bringing in trendy cafe's and restaurants, but also maintaining the area's unique Thai cultural heritage.
Anglo Singapore International school
Wells International School
Samitivej Sukhumvit Hospital
Bang Chak is a new mid-Sukhumvit area that connects the well-established Thonglor with the new late Sukhumvit area of Bang Na. Chia Tai, a subsidiary of CP Group, has purchased a land plot beside Viva Garden Serviced Residence on main Sukhumvit Road to develop their head office.
Whizdom 101, a large mixed-use project over 43 rai of land by Magnolia Quality Development Corporation (MQDC), is located at Punnawithi, only one station away from Bang Chak. The project will comprise three Whizdom condominiums, an Innovative Lifestyle Complex (retail space) and True Digital Park (office space), South East Asia’s largest innovative hub. The Innovative Lifestyle Complex is planned to be opened by the end of 2018.
Another upcoming project is The Bangkok Mall, a large-scale mixed-use project at the Bang Na Junction of Sukhumvit Road and Bang Na Trad Road by The Mall Group. Under the “City within the city” concept, the project will comprise a large shopping center, an office building, a hotel, a bus terminus and a serviced apartment.
There are more upcoming large-scale projects in the Bang Na area including The Forestias, another mixed-use project by MQDC; the expansion of BITEC by Bhiraj Buri; Summer Lasalle, a mixed-use project, by Bhiraj Buri; and the expansion of Mega Bangna by SF Development. All these future developments will positively impact properties in the late Sukhumvit area.
Location: Just 80 meters from Bang Chak BTS Station, 10-minute train ride to Phrom Phong and 20-minute drive to the airport
Price: Competitively priced at around THB 150,000/sq.m.
Investment: Excellent prospects for capital growth due to planned future developments and increasing popularity as a residential location among both Thais and expats. Strong rental demand from Asian and European expats - around 6% rental yield
Payment Terms: Small down payment – only 20% during construction with the remainder due upon completion, Up to 70% mortgage finance available for foreigners
The Developer: Ananda is listed on the Stock Exchange of Thailand, one of the country’s leading developers of residential properties near mass-transit stations, and Mitsui Fudosan is the number one real estate developer by revenue in Japan.
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