Ashton Asoke - Rama 9
Ashton Asoke – Rama 9, jointly developed by Ananda Development and Mitsui Fudosan, is a FREEHOLD condominium project on Rama IX and Ratchadapisek Roads in the city’s New CBD.
Ashton Asoke – Rama 9 comprises 593 residential units split across two high-rise towers (ALPHA, a 46-storey tower with 353 units and OMEGA, a 50-storey tower with 240 units). The luxury project has approximately 65% car parking and is expected to be completed by 2020.
7 Febuary 2018
Project: Ashton Asoke - Rama 9
Developer: Ananda Development Public Company Limited
Plot Size: 3-3-77 Rai (6,077 Sq.M.)
Address: Asoke Din-Daeng Road, Bangkok
Number of building: 2
Number of floor: 46 and 50
Number of unit: 593
Completion date: 2021
Total Number of unit: 593
Bulding Alpha: 353 units
Bulding Omega: 240 units
32.5 - 46.5 sq.m.
61.0 - 68.5 sq.m.
Parking: 65% (396 Lots)
Automated Car Parking System
Fitness and Changing Room
Functional Training Studio
Sky Social Club
Starting Price: 6.3 MB.
Starting Size: 32.5 sq.m.
Average Price Per Sq.M.: 247,000 Baht
Ashton Asoke – Rama 9 is strategically located in the New CBD area, surrounded by several mega projects including the Grand Rama 9 project by G Land, the ongoing Singha Complex and the under-planning Makkasan Complex.
The New CBD area comprises of over 2 million square meters of office, hotel and retail spaces in G Tower, Unilever House, The Ninth Towers, the new Stock Exchange of Thailand, AIA Capital Center, Central Rama 9, The Street Ratchada and The Shoppes at Belle, making it an ideal area to live or to invest.
Other supporting amenities such as schools and hospitals are also within an easy reach. KIS International School, SISB International School, The Regent’s International School Bangkok, University of Thai Chamber of Commerce, Rama 9 Hospital, Bangkok Hospital and Bumrungrad Hospital are easily accessible from the project.
The location of Ashton Asoke – Rama 9 is considered a transportation hub as it has easy access to Rama 9 MRT Station (230 meters), Petchaburi MRT Station (700 meters), Makkasan Airport Rail Link Station (950 meters) and Sirat Expressway (2 km). Rama 9 MRT Station is only 2 stations to Sukhumvit MRT Station, an interchange to the BTS Green Line and one of well-established CBD areas.
The demographics of residents in the area are middle-income Thais as well as Chinese and Korean expatriates. The area is popular among the Chinese due to its proximity to the Embassy of the People’s Republic of China, located just 900 meters away on Ratchadapisek Road.
MRT Rama 9
Airport Rail Link Makkasan
Shrewsbury International School Rama 9 Campus
Srinakharinwirot (Prasarnmitr) University
Wattana Wittaya Academy
Rama 9 Hospital
Rutnin Eye Hospital
Bumrungrad International Hospital
Asoke Skin Hospital
Central Plaza Grand Rama 9
The Street Ratchada
The New CBD has undergone huge development in recent years, and the center piece will be the new Super Tower, a planned tallest building in Bangkok. The Super Tower will have 125 floors and will comprise office, hotel, convention center, restaurants and observatory deck. Bangkok’s new CBD is being compared with New York’s Times Square, London’s Piccadilly Circus, and Tokyo’s Shibuya Districts.
Rama 9 MRT Station is only one station away from Thailand Cultural Centre MRT Station which will soon become an interchange station with the MRT Orange Line. Currently, the first phase of MRT Orange Line, running from Min Buri to Thailand Cultural Centre, is under construction and it is expected to be completed by 2022.
Going down south along Ratchadapisek Road, at the Asoke – Petchaburi intersection, the development of Singha Complex is underway. The project will comprise office and retail spaces as well as a luxury condominium.
The plan for Makkasan Complex near Makkasan Airport Rail Link Station are under discussion. Although the details have not yet been concluded, this mega project on the 500-rai of land can positively impact properties in the area.
- Location: Located in the New CBD, only 230 meters from Rama 9 MRT Station
- Price: Priced at around THB 285,000/sq.m.
- Investment: The number of Chinese expatriates has risen over 120% over the past six years – a large tenant rental pool. Properties in the area enjoy around 5% capital growth per annum.
- 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.
- Dean and Deluca flagship store in Alpha building