Groove Ratchada - Rama 9

Groove Ratchada - Rama 9 is the latest new condominium development from Divine Development in one of Bangkok’s most popular neighbourhoods, Asoke-Rama 9, also known as Bangkok’s New CBD.

The developer behind Groove Ratchada – Rama 9 is Divine Development, a relatively new boutique developer that has already enjoyed sell-out success in recent projects including Groove SCAPE Ladprao 48, and with only a few units remaining at Groove Ratchada-Rama 9. Groove Ratchada - Rama 9 is ready to move-in to from November 2020 and special promotions and discounts are available for a limited period only on selected units.

Groove Ratchada - Rama 9 comprises 154 freehold condominium units in a low rise (8-Floors) building on a land plot of 358 Square Wah (1,432 M2) with a ratio of 47% car parking spaces (84 spots) in a state-of-the-art automated carparking system. Prices for Groove Ratchada - Rama 9 are extremely competitive for this popular Bangkok district and a limited number of Hot Deal units available during the completion period start at only THB 2,850,000 (US$ 91,100 HK$ 706,150, SG$ 125,000, CNY 612,400, EURO 78,600) after discounts of more than 20% while stock lasts.

For further information including a brochure, floor plans and latest availability at Groove Ratchada - Rama 9 please contact us at info@richmontsthailand.com or call/WhatsApp +66 (0)62 496 6454.

projects Specifications

Groove Ratchada - Rama 9 is conveniently positioned 350 metres from Ratchadapisek main road, on Ratchada Soi 3.

The concept behind Groove Ratchada - Rama 9 is to fulfill the needs of an urban lifestyle appealing to a younger demographic, with an emphasis on providing extensive facilities to appeal to both end-users and investors wanting to attract rental tenants.

Facilities at Groove Ratchada - Rama 9 extend more than 1,500 sq.m. and include an indoor-outdoor lobby area and a multi-function room on the ground floor. On the 8-9th floors are an escalated sky pool and jacuzzi, sunbed seating, a sky garden, an entertainment gym, work capsules, a co-kitchen area, a jogging track, a sky swing, an amphitheater and a private meeting room.

24-hour security guards, a CCTV system and a keycard entry system are also provided for the safety and convenience of all residents.
 

There are 4 unit-types available at Groove Ratchada - Rama 9 with floor areas and configurations as follows:

  • Groove Cooper One Bedroom: 22 – 26 sq.m. (62 Units) featuring a spacious living room, a well-planed workspace and a bedroom separated by a switchable showcase or walk-in closet.
  • Groove Xcoolsive One Bedroom: 35 - 38 sq.m. (12 Units) featuring extra space and wide windows.
  • Groove Xtend One Bedroom: 28 – 36 sq.m. (37 Units) with an emphasis on a well-proportioned living area and a separate kitchen.
  • Grove Xtend One Bedroom Plus: 32 - 44 sq.m. (43 Units) spacious 1-bedroom units with an extra room adaptable to lifestyle needs

All units are delivered fully furnished with all loose furniture in addition to fitted kitchens, including a hob and an extractor, fully fitted bathrooms, wardrobes, laminated flooring and air-conditioners.

A limited number of units are also available with all electrical appliances included as well (TV, refrigerator, washing machine) and a ‘free all’ package including free common area management fees for 1-year, free sinking fund and free transfer fee.

GroOve Xtend One Bedroom Plus
Groove Xtend One Bedroom

prices & promotions

Prices at Groove Ratchada - Rama 9 are extremely competitive and start at just THB 2,850,000 (US$ 91,100 HK$ 706,150, SG$ 125,000, CNY 612,400, EURO 78,600) after discount while stocks last.

Prices per square metre start at just THB 102,851 per sq.m. after discount and average prices are equivalent to THB 130,000 per sq.m. Discounts on remaining units start at more than 20%.

Payment terms at Groove Ratchada - Rama 9 are simple and straightforward with a booking fee required as soon as possible to reserve your unit.

Thereafter a deposit of 10% is required and the Sales & Purchase Agreement is signed. Credit card payments are accepted for the booking and deposit if preferred. Once the deposit is paid the remaining amount of 90% is required upon unit transfer.

The Common Area Management charge for Groove Ratchada - Rama 9 is THB58/M2/Month and the one-off Sinking Fund payment will be THB500/M2. This means the average monthly management fee for a 1-Bedroom 22 sqm unit-type is THB1,276 (US$ 41, HK$ 317, SG$ 56, CNY 274, Euro 35).

For further information on price and promotions at Groove Ratchada - Rama 9 please contact us at info@richmontsthailand.com or call/WhatsApp +66 (0)62 496 6454.

Groove Cooper One Bedroom

Factsheet

Location

Anyone familiar with the Bangkok property market will know that the Asoke – Rama 9 area where Groove Ratchada - Rama 9 is located is very much a property hotspot with many new developments selling-out almost as soon as they come on the market. Indeed, recent research has shown average prices in the area are THB 140,000 per sq.m, capital growth 5.8% p.a. and typical gross rental yield is 6.6%. Furthermore, the condominium occupancy rate in the area is 85-90%, the rental take-up rate is from 1-2 months and the resale take-up rate is 3 months. (*Source: TerraBKK, Hipflat, DDproperty).

Groove Ratchada - Rama 9 benefits by being only 350 metres from Ratchadapisek Road and 900 metres from Thailand Cultural Centre MRT Station or 950 metres from Rama 9 MRT Station. From Rama 9 MRT Station it is just one stop to Petchaburi MRT Station and the Airport Link station at Makkasan. Visitors arriving at Suvanabhumi International Airport can be at Groove Ratchada - Rama 9 within 45 minutes of passing through airport customs. The development is also within easy distance of the Si rat Expressway, Bangkok’s biggest expressway network.

Groove Ratchada - Rama 9 is strategically located in the New CBD area, surrounded by several mega projects including the Grand Rama 9 project by G Land, Singha Complex and the soon to be launched Makkasan Complex on more than 300 Rai (118.6 acres) of land.

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 in or to invest. Rental yields in the Rama 9 area are among the highest in Bangkok and the projections for capital growth are equally strong.

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 Groove Ratchada - Rama 9.

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 community due to its proximity to the Embassy of the People’s Republic of China located nearby Groove Ratchada - Rama 9 on Ratchadapisek Road.

nearby amenities

Rama 9 MRT Station
The Street Ratchada
G Tower
Central Plaza Grand Rama IX
SISB International School
The Regent’s International School Bangkok
Rama 9 Hospital
Bumrungrad International Hospital

upcoming infrastructure

Bangkok’s new CBD is being compared with New York’s Times Square, London’s Piccadilly Circus, and Tokyo’s Shibuya Districts.

Thailand Cultural Centre MRT Station (900 metres from Groove Ratchada - Rama 9) 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.

Moving south along Ratchadapisek Road, at the Asoke – Petchaburi intersection, the development of Singha Complex has recently completed and comprises office and retail spaces as well as a luxury condominium.

The plans for Makkasan Complex on land owned by the State Railway of Thailand near Makkasan Airport Rail Link Station are under discussion. Although details have not yet been concluded, this mega project will without doubt positively impact property prices in the area and is planned to complete by 2024.

highlights OF Groove Ratchada - Rama 9

Location: Located in the heart of Bangkok’s New CBD, only 900 meters (10-minutes’ walk) from Ratchadapisek Road and Thailand Cultural Centre MRT Station.

Price: Priced from THB 102,851/sq.m. after discount, well below the average of THB140,000/sq.m. for this part of the Asoke – Rama 9 New CBD area.

Investment:  Properties in the area enjoy higher than average capital growth and rental yields.

The Developer: Divine Development have a proven track record and has enjoyed sell-out success in recent project launches.

For further details of mortgages and information on Groove Ratchada - Rama 9 including a brochure, floor plans and latest availability please contact us at  info@richmontsthailand.com or call/WhatsApp +66 (0)62 496 6454.

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