Aspire Asoke-Ratchada
Aspire Asoke-Ratchada is ready to move-in now and the latest new condominium development from AP in one of Bangkok’s most popular neighbourhoods, Asoke Rama 9 also known as Bangkok’s New CBD.
Completed in July 2020, Aspire Asoke-Ratchada comprises 1,025 freehold condominium units and three retail units in six low rise (8-Floors) buildings with a ratio of 38% car parking spaces. Prices for Aspire Asoke-Ratchada are extremely competitive for this popular Bangkok district and start at only THB 2,345,000 (US$75,000 HK$581,000, SG$103,000, CNY523,000, EURO63,700).
The developer behind Aspire Asoke-Ratchada is AP, one of Thailand’s largest publicly-listed developers.
For further information including a brochure, floor plans and latest availability at Aspire Asoke-Ratchada please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.
projects Specifications
Aspire Asoke-Ratchada is constructed on a large piece of land of more than 11 Rai (4 acres) allowing for open green spaces and generous distances from buildings nearby.
The concept behind Aspire Asoke-Ratchada is ‘Colonial Pop’ appealing to a younger demographic, and the development is designed to be a green oasis in the heart of one of Bangkok’s most exciting districts.
Facilities at Aspire Asoke-Ratchada are extensive and include a rooftop clubhouse, a glass house, verandah seating in green areas, a lap swimming pool and a separate children’s pool, a co-working space, a function room, a yoga room and a professional gymnasium with TRX facilities.
There is an emphasis on privacy at Aspire Asoke-Ratchada with private seating areas in garden areas and green walkways for residents wishing to take-in the fresh air early in the morning or in the evening after work.
There are 3 unit-types available at Aspire Asoke-Ratchada with floor areas and configurations as follows:
- Studio - 25 sqm (26% of unit types). Starting from THB 2,345,000
- 1-Bedroom & 1-Bedroom Plus – 30 – 35 sqm (64% of unit types). Starting from THB 3,136,500
- 2-Bedrooms, 2-Bathrooms - 49.5 - 51 sqm (10% of unit types). Starting from THB 4,460,000
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 is also available.
prices & promotions
Prices at Aspire Asoke-Ratchada are extremely competitive and start at just THB 2,345,000 (US$75,000 HK$581,000, SG$103,000, CNY523,000, EURO63,700).
Also for a limited period only, a Free All promotion of Free Transfer Fee, Free Sinking Fund, Free Common Area Management Fee for 1-Year and Free Electricity Meter Connection and Insurance is offered to all buyers.
Payment terms at Aspire Asoke-Ratchada are simple and straightforward. A booking fee of THB50,000 is required as soon as possible to reserve your unit.
Thereafter full payment should be made direct to AP within 14 days. Time extensions are available for buyers needing to arrange a mortgage. 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 Aspire Asoke-Ratchada including a brochure, floor plans and latest availability please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.
The Common Area Management charge for Aspire Asoke-Ratchada is THB57/M2/Month and the one-off Sinking Fund payment will be THB500/M2. This means the average monthly management fee for a 1-Bedroom 30 sqm unit-type will be approximately THB1,710 (US$53, HK$422, SG$73, CNY361, Euro47).
Factsheet
Location
Anyone familiar with the Bangkok property market will know that the Asoke – Rama 9 area where Aspire Asoke-Ratchada is located is very much a property hotspot with most new developments selling-out almost as soon as they come on the market.
Aspire Asoke-Ratchada benefits by being only 700 metres from Ratchadapisek Road and 1.15 Kms (a 15 minute walk, or shuttle bus service) from Rama 9 MRT Station and a short further walk to Bangkok’s Airport Link Express. Visitors arriving at Suvanabhumi International Airport can be at Aspire Asoke-Ratchada 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.
According to AP's property brokerage subsidiary Bangkok Citismart, there have been more than 10 condominium projects 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 Aspire Asoke-Ratchada (average THB90,000 baht per square metre). Furthermore, capital growth rates for condominiums in the area have been as high as 52% over the past 6 years.
Speaking to the Bangkok Post, Vittakarn Chandavimol, chief of corporate strategy and creation for AP, also noted there is an investment opportunity in the Rama IX area for those buying for rent as there are around 78,000 people working in the surrounding area.
Aspire Asoke-Ratchada 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.
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 Aspire Asoke-Ratchada.
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 just 700 meters away from Aspire Asoke-Ratchada on Ratchadapisek Road.
nearby amenities
upcoming infrastructure
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 (1.15 Kms from Aspire Asoke-Ratchada) 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 2022.
Moving south along Ratchadapisek Road, at the Asoke – Petchaburi intersection, the development of Singha Complex is due to complete soon. The project 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 on the 500-rai of land will without doubt positively impact property prices in the area and is planned to complete by 2024.
360 Virtual Tour
1-Bedroom & 1-Bedroom Plus
2-Bedrooms, 2-Bathrooms
highlights OF Aspire Asoke-Ratchada
Location: Located in the heart of Bangkok’s New CBD, only 700 meters from Ratchadapisek Road and 1.15 Kms Rama 9 MRT Station with a shuttle bus service
Price: Priced around 90,000/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%.
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.
For further details of mortgages and information on Aspire Asoke-Ratchada including a brochure, floor plans and latest availability please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.
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