Rhythm Charoenkrung Pavillion

Rhythm Charoenkrung Pavillion is a brand new residential launch in Bangkok’s popular Riverside District with most units promising spectacular views of the Chaopraya River and the City’s skyline. The theme of Rhythm Charoenkrung Pavillion is ‘Closer in a gated community’ where residents will be able to grow their quality of life surrounded by a good community in a private and secure development designed to meet the lifestyle needs of all generations. The ‘Rhythm’ brand is a high-end luxury segment brand from developer, AP.

Due for completion in May 2023, Rhythm Charoenkrung Pavillion will comprise 421 freehold condominium units and one retail unit in a 44-Floor building with a separate single-storey Pavillion building in the same compound. The entire project covers an area of just over 4-Rai or approximately 1.6 acres. In addition to extensive facilities, Rhythm Charoenkrung Pavillion will benefit from a higher-than-average ratio of 100% car parking spaces (421 lots). 

Prices for Rhythm Charoenkrung Pavillion are competitive for this popular Bangkok district and start at THB5,390,000 (US$178,000, HK$1,395,000, SG$243,000, CNY1,250,000, EURO162,000). This is equivalent to THB154,000/M2.

The developer behind Rhythm Charoenkrung Pavillion is AP, one of Thailand’s largest publicly-listed developers, in joint venture with Mitsubishi Estate Group from Japan.

For further information including a brochure, floor plans and latest prices & availability at Rhythm Charoenkrung Pavillion please contact us at info@richmontsthailand.com or call +66 (0)62 496 6454

 

Project Specifications

Rhythm Charoenkrung Pavillion is constructed on a large piece of land of more than 4 Rai (1.6 acres) allowing for generous distances from buildings nearby and a large green landscaped area.

Facilities at Rhythm Charoenkrung Pavillion are extensive and include on the ground floor a Gated Courtyard, Free Play, a Tree Deck, a Pathway, an Amphitheater, a Study Pavillion, a Reading Pavillion, a Private Lawn, Isolation Pods, Free Climb, the Lobby Reception and Welcome Foyer, and a shop.

On the 42nd Floor will be a Sky Lounge, a Sky Terrace, a Semi-Outdoor Lounge, a Meeting Room, and a Play Space. On the 43rd Floor will be found an Infinity-edged Swimming Pool, a Childrens’ Pool, a Jacuzzi, a River Scenic Viewing Area, and a Cloud Pavillion. Finally, on the 43rd Floor will be a Gymnasium, a Private Exercise Area, a Yoga Room, and Steam and Sauna Rooms.

There will be 24-hour security, CCTV and an access control system in place when the development is completed.

There are 5 unit-types available at Rhythm Charoenkrung Pavillion with floor areas and configurations as follows:

1-Bedroom - 35 sqm. Booking fee THB100,000
1-Bedroom PLUS – 43 sqm. Booking fee THB100,000
2-Bedrooms – 75.5 to 128.5 sqm. Booking fee THB150,000
3-Bedrooms – 134 to 159 sqm. Booking fee THB200,000
4-Bedrooms – 184 to 228 sqm. Booking fee THB300,000

All units are delivered fully fitted with kitchens, including a hob and an extractor, fully fitted bathrooms, wardrobes, laminated flooring and air-conditioners. A full furniture package will also available when the development is completed.

Prices & PAyment terms

Prices at Rhythm Charoenkrung Pavillion start at THB5,390,000 (US$178,000, HK$1,395,000, SG$243,000, CNY1,250,000, EURO162,000), equivalent to THB154,000/M2 for a 1-Bedroom type on a lower floor.

Payment terms at Rhythm Charoenkrung Pavillion are simple and straightforward, and particularly attractive to investors as a relatively low deposit is required and there is a long period until completion in May 2023.

A booking fee of between THB100,000 and THB300,000 depending on the size of the unit is required as soon as possible to reserve. The booking fee will be refunded as soon as the deposit is paid.

After the booking fee is paid a 5% deposit is required to be paid to AP within 7 days after which a Sales & Purchase Agreement (SPA) is prepared. AP are offering a special incentive to buyers who sign their SPA before the end of December 2019 as they will be required to pay only a further 7% deposit within 45 days.

This means that only 12% down payment is required with no further payment due until completion in May 2023 at which time the remaining 88% will be payable. 

Purchasers are free to re-sell their units at any time and mortgages are available for qualified foreign buyers from Kasikorn Bank (Hong Kong residents), UOB, ICBC, BOC and MBK. 

For further details of mortgages and information on Rhythm Charoenkrung Pavillion including a brochure, floor plans and latest availability please contact us at info@richmontsthailand.com  or call +66 (0)62 496 6454

The Common Area Management charge for Rhythm Charoenkrung Pavillion will be THB50/M2/Month and the one-off Sinking Fund payment will be THB500/M2. This means the average monthly management fee for a 1-Bedroom 35 sqm unit-type will be approximately THB1,750 (US$58, HK$453, SG$79, CNY407, Euro53).

Factsheet

Location

Rhythm Charoenkrung Pavillion is located on Charoenkrung Road, at the junction with Chan Road, with most units having a clear unblocked view of the magnificent Chaopraya River.

The Charoenkrung Road area is one of the oldest in Bangkok and features traditional shops and eateries alongside modern hotels and entertainment destinations.

Immediately opposite the development is Shrewsbury International School, one of Thailand’s most popular British-curriculum schools and a large potential source of tenants for rental investors at Rhythm Charoenkrung Pavillion.

Also nearby is Four Seasons Private Residences due for completion in early 2020 and already transforming the Charoenkrung and Chan Road area. Alongside the Fours Seasons Private Residences will be a brand new Four Seasons Hotel and a boutique Capella Hotel.

Within easy distance of Rhythm Charoenkrung Pavillion is Asiatique, one of the Riverside’s most popular shopping and eating destinations among locals and tourists alike. Saphan Taksin is the nearest BTS Skytrain Station and will be reached by a regular shuttle bus service from Rhythm Charoenkrung Pavillion. 

At Sathorn Pier residents will have a choice of boats to all destinations on both sides of the river including 5-star hotels such as the Mandarin Oriental, the Shangrila, the Sheraton, the Hilton and the Peninsula. Boats also depart regularly to Icon Siam, Bangkok’s newest riverside shopping experience, and River City.

highlights

Location: Located in the centre of one of Bangkok’s most popular residential areas with most units enjoying stunning river views.

Investment: Attractively priced with luxurious finishing and extensive amenities

The Developer: AP is listed on the Stock Exchange of Thailand, one of the country’s leading developers of residential properties, in joint venture with Mitsubishi Estate Group from Japan.

Paytment Terms:  Small down payment – only 12% during construction with the remainder due upon completion in 2023, Up to 70% mortgage finance available for foreigners

For further details of mortgages and information on Rhythm Charoenkrung Pavillion including a brochure, floor plans and latest availability please contact us at info@richmontsthailand.com or call +66 (0)62 496 6454

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