Rise Charoennakorn
Luxe Neo-Classic Design
Jointly developed by All Inspire, a leading Thai developer, and JR Kyushu from Japan, Rise Charoennakorn will bring a classic mid-18th century architectural design to Bangkok’s popular waterfront district.
The development comprises 170 luxury FREEHOLD condominiums in a single 22-floor tower with many units in the building enjoying views of the river or the city of Bangkok. The project is a brand-new launch as of July 2021 and is due for completion in November 2023.
Rise Charoennakorn is quietly positioned off Charoen Nakhorn Road, within 650 metres or 5 minutes’ walk from the new Gold Line Monorail Station at Icon Siam opened in 2021. The development is also within easy walking distance of ICONSIAM, Bangkok’s award-wining new shopping experience opened in 2018. By boat, road or on the mass transit system, all Bangkok’s destinations are within easy reach, but not too close to spoil the peaceful tranquility of these rare low-density residences.
The developer behind Rise Charoennakorn is All Inspire in joint venture with JR Kyushu. All Inspire Development Public Company Limited Thailand is a publicly-traded company engaged in residential property development, primarily condominiums in areas of Bangkok served by new mass transportation lines. All Inspire Development had its initial public offering and listed its shares on the Stock Exchange of Thailand under the (SET symbol: ALL) on 7 May 2019. Japan's Kyushu Railway Co (JR Kyushu) has a diverse business portfolio and in 2017 took its first foray into the Bangkok property market and acquired a serviced apartment complex in Asoke worth 2.9 billion Baht under the management of Onyx Hospitality Group.
Luxurious Features & Facilities
All units at Rise Charoennakorn are delivered fully-fitted with custom-built kitchens and wardrobes, engineering-wood flooring, fitted bathrooms, air conditioners to every room and white-painted walls throughout. All rooms will have high ceilings and there will be extensive residents’ facilities including a luxury lobby, co-working and meeting rooms, a professionally-equipped gym, a childrens’ playroom, a swimming pool, a sky lounge and a rooftop garden. 128 car parking spaces will be available to residents, equivalent to an extra-high ratio of 75% car parking spaces to residential units.
Residences and Prices
There are 4 unit-types available at Rise Charoennakorn, in simplex layouts, with floor areas and configurations as follows:
- 1-Bedroom : 28 to 47 sq.m
- 2-Bedrooms : 49.50 to 63 sq.m
- 3-Bedrooms : 85 to 93 sq.m
- Penthouses : 96 to 142 sq.m
Prices start at THB 6,200,000 (US$ 194,450, HK$ 1,509,400, SG$ 261,300, CNY 1,256,300, Euro 163,000) equivalent to THB 221,428 per sq.m which is excellent value for a luxury specification residential development in this booming Bangkok district.
Reservation and Payment
Payment terms for Rise Charoennakorn are simple and straightforward. A booking fee of THB 50,000 (or the equivalent in foreign currency) is required as soon as possible to reserve your unit.
Thereafter a further 30% deposit (less the booking fee) is required to be paid within 15 days after which a Sales & Purchase Agreement (SPA) is prepared. Draft copies of the SPA are available upon request. The final 70% payment will not be due until completion in November 2023.
The Common Area Management charge for Rise Charoennakorn will be THB90/M2/Month meaning the smallest 1-Bedroom unit will cost THB 2,520 per month (US$ 80) and the one-off Sinking Fund payment due upon completion is THB1,000/M2.
Factsheet
Location
ICONSIAM is a riverside landmark just 5 minutes from Rise Charoennakorn located on 50 rai (approximately 19.76 acres) of land on the banks of Chao Phraya River. Opened at the end of 2018, the shopping complex includes many new attractions indoors and outdoors which have been deemed the ‘Seven Wonders at ICONSIAM’, all intended as game changing elements in your retail experience.
Many of Bangkok's finest five-star hotels are located along the Chao Phraya River. On the Thonburi side along Charoen Nakhorn Road are the Millennium Hilton Bangkok, The Peninsula Bangkok, Ibis Bangkok Riverside, Anantara Riverside Bangkok Resort, AVANI Riverside Bangkok Hotel and Klapsons The River Residences Bangkok.
Also located along the riverside are some of Bangkok's most beautiful historic buildings including the Bangkok General Post Office built in 1940 in Art Deco style. The Old Custom House at Charoen Krung Soi 36 was designed by Italian architect Joachim Grassi in 1888. Sol Heng Tai Mansion at Soi Duangtawan (shown by appointment only) was built in the Ayutthaya era in Hokkien style. The East Asiatic Company Building, built in 1897 by Captain Hans Niels Andersen next to Mandarin Oriental Hotel, is designed in Venetian style.
Asiatique the Riverfront is a short river journey from Rise Charoennakorn and is popular with locals and tourists. Among its dozens of interesting restaurants are Baan Khanitha, Gaburichicken, Aishi Yakiniku, Capri, Fire & Dine, Ko Dang Talay, and Checkmate Bar & Bistro.
Other riverside destinations include the Jam Factory Bangkok, a creative space, restaurant, cafe and bookshop in a converted factory, and LHONG 1919 which combines a co-working space, eateries, and art and design shops.
nearby amenities
FUTURE infrastructure & Development
The area around the Rise Charoennakorn is expected to enjoy significant growth in property values as the Gold Line Monorail service from BTS Krung Thonburi Station to the ICONSIAM complex on Charoen Nakhon Road and Khlong San Junction extends by 2023 to Prajadhipok Road.
Icon Siam opened in November 2018 and includes two large shopping areas with a total of 525,000 M2 of retail space and two magnificent residential developments; Magnolias Waterfront and the Mandarin Oriental Residences, 70-floors and 40-floors high respectively.
There is also a riverside event plaza and park and the one-of-a-kind attractions at the ‘Seven Wonders of Icon Siam’.
highlights OF Rise CharoenNakorn
Location: Easy access to Bangkok’s CBD with multiple amenities on the doorstep. The Gold Monorail Line recently opened within 650 metres.
Price: Competitively priced from THB 221,428 /M2 with projections for high capital growth in the area.
The Developer: All Inspire has a solid track record of completed developments and JR Kyushu, founded in 1987, is one of the seven constituent companies of Japan Railways Group.
Payment Terms: Only 30% down payment with the remaining 70% not due until November 2023.
After Sales Services: Bespoke interior design and furnishing packages will be available upon completion.
For further details including a brochure, floor plans and latest availability at Rise Charoennakorn please contact us at info@richmonts.com or call +66 (0)62 496 6454.
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