The Address Siam Ratchathewi

The Address Siam Ratchathewi is AP’s most luxurious brand and therefore promises superb quality and extensive facilities in a primary location when the development is completed in August 2022. This is the first ‘Address’ condominium from AP since 2011, and only the 10th ‘Address’ project in Bangkok since the brand was first launched with The Address Siam in 2006. The concept behind The Address Siam Ratchathewi is to emphasize the historical importance of the Ratchathewi district by combining distinctive architecture for the building with the traditional silk industry, the water side community and the Thai royal presence in the area. The land plot for the project extends for more than 3-rai (just over 1-acre) and includes extensive green areas contrasting with the busy city outside the securely guarded enclosure. These features will ensure that The Address Siam Ratchathewi will appeal to both local and foreign buyers and tenants alike when it is completed in 2022.

Located one BTS Skytrain stop from Siam and Bangkok’s most well-known shopping complex at Siam Paragon, The Address Siam Ratchathewi is in a busy district of Bangkok with easy access to both popular shopping as well as commercial areas of the City. Ratchathewi BTS Skytrain Station is 150 metres away by wide footpath, and further mass-transit infrastructure is due to open in the nearby area in 2022.

The Address Siam Ratchathewi comprises 880 FREEHOLD condominium units in a single 50-Storey tower. There will be parking for 449 cars making a ratio of car parking spaces to residential units of 51%. EV chargers will also be provided. Car parking spaces are not for sale separately and will be available to residents on a first-come first-served basis. The Address Siam Ratchathewi is currently under construction and will be the tallest building in the district at 215 metres, so nearly all units will enjoy far-reaching unrestricted views from full height windows in all directions.

The Thai developer behind The Address Siam Ratchathewi is AP in joint venture with Mitsubishi Estate from Japan. AP (Thailand) Public Company Limited is a residential property developer of condominiums, townhouses and single detached houses in Thailand, often in joint ventures with Mitsubishi Estate. It also provides after-sales, property brokerage, and construction and education services. Established in 1991 as Asian Property Co Ltd. the company became AP (Thailand) Public Company Limited in 2013. In 2017, AP received the SET “Outstanding Investor Relations” award.

For further details including a brochure, floor plans and latest availability at The Address Siam Ratchathewi please contact us at [email protected]  or call +66 (0)62 496 6454 

Project Specifications

Facilities at The Address Siam Ratchathewi are located on the ground, podium (9th) and top (50th) floors and will include a welcome foyer, a Thewi Garden, three lounges including a Lobby Lounge, the Pimarn Lounge and the Mayura Lounge, a Scented Garden, a Sky Garden, a Sky Library, The Sky Chamber, The Sky Bar, a childrens’ swimming pool, a Sky Pool with Hydrotherapy and a professional Sky Gymnasium.

Also provided for the convenience of residents will be WiFi throughout the common areas, a keycard access system, CCTV and a 24-hour security guard service. 

There are 5 unit-types available at The Address Siam Ratchathewi with floor areas ranging from 31 square metres to 86 square metres in size with configurations as follows:

1-Bedroom – 31 to 35 M2
1-Bedroom, DUPLEX – 50 M2
2-Bedrooms, 2-Bathrooms – 51.50 to 69.50 M2
2-Bedrooms, DUPLEX – 65 M2
3-Bedrooms – 86 M2

All units are delivered fully fitted with kitchens, including a hob and an extractor, fully fitted bathrooms with tiled floors and walls, laminated flooring and air-conditioners. Kitchen fittings are provided by Kohler and Karess with electric appliances by Kuppersbusch. Bathroom materials are from Grohe and Toto, and in the living areas flooring is engineered hardwood. Ceiling heights range from 2.70 metres to 3 metres in simplex units to 2.70 metres and 5.80 metres in double-volume duplex units. AP has commissioned Hermes fabrics and wallpaper and white limestone for use in common areas of the building.

Prices & Payment Terms

Prices at The Address Siam Ratchathewi start at 6.9 MB (US$227,873 HK$1,783,927, SG$311,892, CNY1,605,193, Euro206,810) for a 31 M2 1-Bedroom unit on a low floor. 

Payment terms for The Address Siam Ratchathewi are simple and straightforward. Booking fees required depend on the type of unit you book:

1-Bedroom: THB100,000
2-Bedrooms: THB150,000
1-Bedroom Duplex: THB150,000
3-Bedrooms: THB200,000

Thereafter a further contract fee equivalent to the booking fee plus THB50,000 is required to be paid to AP within 7 days after which time a Sales & Purchase Agreement (SPA) will be prepared. Draft copies of the SPA are available upon request.

Payments will then be in 22 installments up to 20% of the purchase price with the remaining 80% payable upon completion in August 2022. 

Purchasers are free to re-sell their units at any time and mortgages are available for qualified foreign buyers from UOB, ICBC and BOC.

The Common Area Management charge for The Address Siam Ratchathewi will be THB65/M2/Month and the one-off Sinking Fund payment will be THB600/M2. This means the average monthly management fee for a 1-Bedroom 31 M2 unit-type will be THB2,015 (US$66.55, HK$521, SG$91, CNY469, Euro60.40).

For further details of mortgages and information on The Address Siam Ratchathewi including a brochure, floor plans and latest availability please contact us at [email protected] or call +66 (0)62 496 6454 

Factsheet

Location

The Address Siam Ratchathewi is located on a large plot set back from Petchaburi Road near the junction with Ratchathewi Road.

Ratchathewi BTS Skytrain Station is just 150 metres from The Address Siam Ratchathewi by easy walk along a wide footpath. Further on, the Airport Link Station at Phayathai is 700 metres away with a journey time to Suvanabhumi Airport of less than 30 minutes. From Ratchathewi Station it is just one stop on the BTS to Siam.

Within easy distance of The Address Siam Ratchathewi are other well-known shopping destinations as well including Central World (1.6 Kms), Central Chidlom (2.1 Kms) and Central Embassy (2.4 Kms). 
Also in the neighbourhood are several hospitals including Phayathai Hospital (1.2 Kms), Mission Hospital (1.4 Kms), BDMS Wellness Centre (2.6 Kms), and Bumrungrad Hospital (3.2 Kms). 

Well-known schools in the area include institutes at Wannasorn Tower, Triam Udom Suksa School, Chulalongkorn University and Mater Dei School. 5-Star hotels near Ratchathewi include VIE Hotel MGallery by Sofitel, Siam Kempinski, Centara Grand, the Okura, the Intercontinental and Park Hyatt.

Bangkok’s expressway system is easily accessible from The Address Siam Ratchathewi with routes to Rangsit in the North, and Nakhon Nayok to the West as well as to Bangna, Chonburi and Pattaya to the East.

For further details including a brochure, floor plans and latest availability at The Address Siam Ratchathewi please contact us at [email protected] or call +66 (0)62 496 6454

UPCOMING infrastructure

There is interesting upside for investors in The Address Siam Ratchathewi as the mass transit system expands in the area. For example, the Pink and Yellow tram lines will run nearby Ratchathewi area and are due to complete in 2022.

Upcoming office buildings in the vicinity will also lead to higher tenant demand for rental investors at The Address Siam Ratchathewi and include Spring Tower (offices), JRK Towers (hotel and retail shops) and Phayathai Complex (hotel, shops, offices, residential).

highlights

 

Location: Two minutes walk from Ratchathewi BTS Station in an up-and-coming area of Bangkok, strategically positioned with easy access to the City’s CBD and Siam. 

Investment: Higher than average capital growth expected as new infrastructure opens. Extensive residents’ facilities will ensure attractiveness to tenants.

Payment terms: Only 20% down-payment in 22 installments with nearly 3-years construction period for capital growth to kick-in before completion in August 2022. 

The Developer: Stock Exchange listed AP is a respected residential developer in Thailand with a strong track record, in joint venture with Mitsubishi Estate from Japan.

For further details including a brochure, floor plans and latest availability at The Address Siam Ratchathewi please contact us at [email protected], call +66 (0)62 496 6454, or complete our enquiry form.

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