Life Asoke Hype
Life Asoke Hype is the latest blockbuster launch from AP in one of Bangkok’s most popular neighbourhoods, Asoke Rama 9 also known as The New CBD, and is expected to sell-out on launch on 6-7th October 2018. AP’s previous development right next door to Life Asoke Hype, Life Asoke Rama 9, was oversubscribed and sold out on launch in late 2017 and the sales rate at Life Asoke Hype is projected by many real estate experts and influencers to be the same.
Due for completion in May 2021, Life Asoke Hype will comprise 1,253 freehold condominium units and four retail units in a 40-Floor building with 530 (42%) car parking spaces. Prices for Life Asoke Hype are very competitive for this popular Bangkok district and start at 2.89 MB (US$89,000, HK$695,000, SG$121,000, CNY613,000, EURO76,000).
The developer behind Life Asoke Hype is AP, one of Thailand’s largest publicly-listed developers, in their 14th joint venture with Mitsubishi Estate Group.
For further information including a brochure, floor plans and latest availability at Life Asoke Hype please contact us at info@richmonts.com or call +66 (0)62 496 6454
Factsheet
Last Updated
26 September 2018
Information
Project: Life Asoke Hype
Developer: AP Thailand
Plot Size: 5-0-10 Rai
Address: Chaturathit Road, Bangkok
Number of building: 1
Number of floors: 41
Number of units: 1,253
Completion date: May 2021
Unit Types
Number of units: 1,253
Studio
25.5 sq.m.
1-Bedroom
30.5 - 32.5 sq.m.
1-Bedroom PLUS
35 sq.m.
2-Bedrooms
48.5 - 64 sq.m.
Facilities
Parking: 42% (530 Lots)
Automated Car Parking System
Lobby Lounge
Eclectic Lobby
Scarlet Foyer
Co-Working Business Lounge
Private Seat
The Circle Running Garden
The Muted Garden
Swimming Pool 25 x 6 m.
Indoor Jacuzzi 5 x 6 m.
Leisure Pit
Hover Bay
Rooftop Facility
L – Shape Sky Pool
Athletic Sky Atrium
Lunar Balcony
Mirage Sky Path
The Forestier
The Astro Deck
Sunset Parlor
Price/Payment
Starting Price: 2.89 MB.
Starting Size: 35.5 sq.m.
Average Price Per Sq.M.: 175,000 Baht
First 5%: Within 7 days
Second 20%: Within 45 days
Final 75%: On transfer date
Location
Life Asoke Hype benefits further by being only 300 metres from Rama 9 MRT Station and a short walk in the opposite direction to Bangkok’s Airport Link Express. Visitors arriving at Suvanabhumi International Airport can be at Life Asoke Hype within 30 minutes of passing through airport customs. The development is also within easy distance of the Si rat Expressway, Bangkok’s biggest expressway network.
According to AP's property brokerage subsidiary Bangkok Citismart, there were 10 condominium projects with a total of 9,411 units launched in the Asok-Rama IX area, or from Phetchaburi subway station to Thailand Cultural Centre station, during the past five years. The average sales price at this location was 175,000 baht per square metre which is significantly higher than the prices asked for Life Asoke Hype.
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 Life Asoke Hype.
nearby amenities
MRT Rama 9
Shrewsbury International School Rama 9 Campus
Srinakharinwirot (Prasarnmitr) University
Wattana Wittaya Academy
Rama 9 Hospital
Rutnin Eye Hospital
Bumrungrad International Hospital
Asoke Skin Hospital
Piyavej Hospital
Central Plaza Grand Rama 9
G Tower
Super Tower
Esplanade Mall
The Street Ratchada
Fortune Town
upcoming infrastructures
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 (300 metres from Life Asoke Hype) 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 2021, the same time Life Asoke Hype will be ready for occupation.
Moving south along Ratchadapisek Road, at the Asoke – Petchaburi intersection, the development of Singha Complex is well underway and due to complete soon. The project will comprise 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 on the 500-rai of land will without doubt positively impact property prices in the area.
- Location: Located in the heart of Bangkok’s New CBD, only 300 meters from Rama 9 MRT Station
- Price: Priced from just over THB 113,000/sq.m., well below the Average of THB175,000/sq.m. for the Asoke – Rama 9 New CBD area
- Investment: The number of Chinese expatriates in Bangkok has risen over 120% over the past six years – a large tenant rental pool. Properties in the area enjoy higher than average capital growth and rental yields of between 5% and 6%.
- Payment Terms: Small down payment – only 25% during construction with the remainder due upon completion, Up to 70% mortgage finance available for foreigners
- The Developer: AP is listed on the Stock Exchange of Thailand, one of the country’s leading developers of residential properties near mass-transit stations, in joint venture with Mitsubishi Estate Group from Japan.
For further details of mortgages and information on Life Asoke Hype including a brochure, floor plans and latest availability please contact us at info@richmonts.com or call +66 (0)62 496 6454