Ideo Charan 70 - Riverview
Ideo Charan 70 - Riverview is a rare affordable Chaopraya river view condominium nearby the new MRT Blue Line second extension due to open in March 2020. The starting price of Ideo Charan 70 – Riverview is just 1.59 MB for a 26 M2 Studio-type equating to only THB61,153 per sqm for a low-floor unit, with prices on upper floors averaging around THB85,000 per sqm. This is exceptional value for a new Bangkok freehold condominium so close to a new mass-transit line, and demand on launch is expected to be high among end-users and investment buyers alike.
The project area extends more than 5-Rai (2 acres) and includes comprehensive residents’ facilities on multiple floors. These features, in addition to a convenient and connected location, will ensure that Ideo Charan 70 - Riverview will appeal to both local and foreign buyers and tenants when it is completed in 2022.
Located on the Thonburi side of the Chaopraya River, Ideo Charan 70 - Riverview is in a quieter district of Bangkok, but nevertheless with easy access to both popular shopping as well as commercial areas of the City. The new Bang Phlat MRT Station is 295 metres away, and as the station is on the MRT Blue Line circling the City of Bangkok there are multiple interchange stations with other lines at regular intervals.
Ideo Charan 70 - Riverview comprises 1,424 FREEHOLD condominium units in a single 38-Storey tower. There will be parking for 541 cars making a ratio of car parking spaces to residential units of 38.1%. Car parking spaces are not for sale separately and will be available to residents on a first-come first-served basis.
The Thai developer behind Ideo Charan 70 - Riverview is Ananda in joint venture with Mitsui Fudosan from Japan. 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.
Founded in 1999, Ananda listed on the Stock Exchange of Thailand in 2012 and has aggressively expanded its project portfolio, launching new projects worth THB 41 billion in 2017. As of December 2017, Ananda had completed 31 condominium and 14 detached housing projects. Ananda has also received numerous industry awards for its projects and business acumen, including an Enterprise Innovation Award in 2018 from the Asia Internet of Things Business Platform for its utilisation of artificial intelligence in construction management, inspection and scheduling.
For further details including a brochure, floor plans and latest availability at Ideo Charan 70 - Riverview please contact us at email@example.com or call +66 (0)62 496 6454
Facilities at Ideo Charan 70 - Riverview will include a welcome foyer, shops and smart lockers for online deliveries on the ground floor. On the podium floor there will be a large residents’ swimming pool and a separate childrens’ pool, male and female steam and sauna rooms, a social club and a childrens’ play area. Mid-floor will be a pocket terrace and on the top floor with magnificent river views will be most of the residents’ facilities including a professional gymnasium, a sky lounge and relaxing lounge, a co-working space, a jogging track another play area and a courtyard.
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 7 unit-types available at Ideo Charan 70 - Riverview with floor areas ranging from 26 square metres to 56 square metres in size with configurations as follows:
Studio – 26 M2
1-Bedroom, 1-Bathroom – 31 M2
1-Bedroom, 1-Bathroom PLUS – 34 M2
2-Bedrooms, 2-Bathrooms – 56 M2
Studio HYBRID – 26.5 (+10.5) M2
1-Bedroom HYBRID – 31 (+12) M2
1-Bedroom PLUS HYBRID – 34(+16.5) M2
HYBRID units are loft-style with extra-high ceilings and mezzanine areas providing additional living space.
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.
Prices & PAyment terms
Prices at Ideo Charan 70 - Riverview start at just THB1,590,000 (US$52,544 HK$412,131, SG$71,508, CNY371,643, Euro47,061) for a 26 M2 studio unit on a low floor. Average prices at the development are THB85,000 per square metre making Ideo Charan 70 - Riverview exceptional value, and one of the cheapest new condominium launches in Bangkok by a major developer in 2019.
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Payment terms for Ideo Charan 70 - Riverview are simple and straightforward. A booking fee of THB50,000 (or the equivalent in foreign currency) is required as soon as possible to reserve your unit.
Thereafter a further 30% deposit is required to be paid to Ananda within 15 days after which time a Sales & Purchase Agreement (SPA) will be prepared. Draft copies of the SPA are available upon request. No further payment is required until completion in 2022 at which time the remaining 80% payment will be due.
Purchasers are free to re-sell their units at any time and mortgages are available for qualified foreign buyers from UOB, ICBC and BOC.
Ideo Charan 70 - Riverview is located on a large land plot overlooking the Chaopraya River with Bang Phlat MRT Station just 295 metres away.
Within easy distance of Ideo Charan 70 - Riverview are many convenient amenities including a Tesco Lotus supermarket just 100 metres from the entrance to the development. Within 9 minutes by car are Central Pinklao shopping centre, and 10 minutes away is the Canadian International School of Bangkok. Also nearby is Yanhee Hospital. Sri Rat Expressway leading to all road destinations out of Bangkok is a short drive from Ideo Charan 70 – Riverview.
The current highlight in the area nearby Ideo Charan 70 - Riverview is undoubtably the opening of Icon Siam, the largest private mixed-use development in Bangkok, and spread over 50 Rai (20 acres) on the banks of the Chaopraya River.
Icon Siam opened in November 2018 and includes two large shopping areas with a total of 525,000 M2 of retail space. There is also a riverside event plaza and park and the one-of-a-kind attractions at the ‘Seven Wonders of Icon Siam’.
Bang Phlat is on the MRT Blue Line second extension, which heads north up to Bang Sue (4 stations) and is expected to open in March 2020. The 13 KM elevated line will run through 8 stations from MRT Tha Phra which opened in the summer of 2019.
At the MRT Tha Phra Interchange Station passengers can swap to the Purple Line bound for Tao Poon. The Blue Line will extend on to Bang Wa MRT Station where there will be an interchange with the BTS Silom Line leading to Bangkok’s CBD at Chongnonsi BTS Station. Proximity to Bangkok’s CBD and major HQ office buildings will make Ideo Charan 70 - Riverview an attractive investment proposition for buy-to-let landlords.
Three stations further on from Chongnonsi is Siam BTS Interchange Station where you will find multiple shopping amenities including Siam Paragon and Siam Discovery.
Also, along the BTS Silom Line is Krungthonburi Interchange Station with the new Gold Line (opening in 2020) linking to Icon Siam, Bangkok’s newest riverside shopping destination. The Gold Line connecting Krungthonburi BTS Station (4 stops from Talat Phlu Station) will also link to the MRT Blue Line when it opens in 2020. The Gold Line will also connect to the Purple MRT Line at Prajadhipok MRT Station.
Location: Three and a half minutes’ walk from the new Bang Phlat MRT Station in an up-and-coming area of Bangkok, strategically positioned with easy access to the City’s CBD and Icon Siam.
Price: very competitively priced from THB1,590,000 with mortgage loan facilities for qualified foreign buyers.
Investment: Higher than average capital growth expected as new infrastructure opens. Extensive residents’ facilities will ensure attractiveness to tenants.
The Developer: Stock Exchange listed Ananda is a respected residential developer in Thailand with a strong track record, in joint venture with Mitsui Fudosan from Japan.
Paytment Terms: Only 20% down-payment with more than two years construction period for capital growth to kick-in before completion in late 2022.
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