Groove MUSE Ratchada 7
Groove MUSE Ratchada 7 is the latest new condominium development from Divine Development in one of Bangkok’s most popular neighbourhoods, Asoke-Rama 9 also known as Bangkok’s New CBD. Divine Development are a relatively new boutique developer but have already enjoyed sell-out success in recent projects including Groove SCAPE Ladprao 48 and Groove Ratchada-Rama 9. Groove MUSE Ratchada 7 is due to launch in January 2021 and Richmont’s Thailand have exclusive access to special pre-launch prices and promotions for early-bird buyers.
Due to complete in Q3 2022, Groove MUSE Ratchada 7 comprises 201 freehold condominium units in a low rise (8-Floors) building with a ratio of 42% car parking spaces (84 spots) in a state-of-the-art automated carparking system. Prices for Groove MUSE Ratchada 7 are extremely competitive for this popular Bangkok district and a limited number of Hot Deal units available during the pre-launch period start at only THB 2,790,000 (US$ 88,300 HK$ 684,500, SG$ 120,475, CNY 600,000, EURO 75,360
For further information including a brochure, floor plans and latest availability at Groove MUSE Ratchada 7 please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.
projects Specifications
Groove MUSE Ratchada 7 is constructed on a spacious piece of land of 1-0-32 Rai (1,728 sq.m) conveniently positioned just behind The Street and Big C shopping centres on Ratchadapisek Road.
The concept behind Groove MUSE Ratchada 7 is ‘Modernism Art’ appealing to a younger demographic, with the windows and façade designed with curves and lines inspired by the Modernism Era. The building also has specially integrated ‘fins’ on the façade to add privacy for residents and maximize indirect light.
Facilities at Groove MUSE Ratchada 7 are extensive and include smart lockers, a Living Lounge and a Café Lounge on the ground floor, Working Pods, a Private Office, a Conference Room and a Gallery Walk on the second floor, a Fitness Club and Dance Studio on the 7th floor and a rooftop Swimming Pool, a Sun Deck, a Day Bed Area, a Roof Garden and a BBQ area on the top floor.
There are 7 unit-types available at Groove MUSE Ratchada 7 with floor areas and configurations as follows:
- One Bedroom: 25.20 – 25.85 sq.m. (70 Units)
- One Bedroom Garden: 35.20 – 35.51 sq.m. (11 Units)
- One Bedroom Plus: 30.41 – 32.20 sq.m. (89 Units)
- One Bedroom Plus Garden: 31.66 sq.m. (1 Unit)
- One Bedroom Plus Corner: 35.69 – 36.27 sq.m. (16 Units)
- One Bedroom Plus Garden Corner: 35.69 – 35.73 sq.m. (2 Units)
- Two Bedrooms: 42.20 – 42 sq.m. (12 Units)
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.
1 BEDROOM
prices & promotions
Prices at Groove MUSE Ratchada 7 are extremely competitive and start at just THB 2,790,000 (US$ 88,300 HK$ 684,500, SG$ 120,475, CNY 600,000, EURO 75,360) for a limited number of Hot Deal units during the pre-launch period.
Average prices are 2.79 MB to 4.9 MB equivalent to THB 95,000 to THB 105,000 per sq.m. Available for a limited period only are discounts of THB 500,000 on a limited number of units.
Payment terms at Groove MUSE Ratchada 7 are simple and straightforward with a booking fee required as soon as possible to reserve your unit.
Thereafter a deposit is required and may be paid in installments. The Sales & Purchase Agreement is also signed. Credit card payments are accepted for the booking and deposit if preferred. Once the deposit is paid there no further payments until completion and transfer in late 2022.
For further details of mortgages and information on Groove MUSE Ratchada 7 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 Groove MUSE Ratchada 7 is THB58/M2/Month and the one-off Sinking Fund payment will be THB500/M2. This means the average monthly management fee for a 1-Bedroom 25.20 sqm unit-type will be THB1,461 (US$46, HK$358, SG$63, CNY315, Euro40).
1-Bedroom plus
Factsheet
Location
Anyone familiar with the Bangkok property market will know that the Asoke – Rama 9 area where Groove MUSE Ratchada 7 is located is very much a property hotspot with many new developments selling-out almost as soon as they come on the market. Indeed, recent research has shown average prices in the area are THB 140,000 per sq.m, capital growth 5.8% p.a. and typical gross rental yield is 6.6%. Furthermore, the condominium occupancy rate in the area is 85-90%, the rental take-up rate from 1-2 months and the resale take-up rate 3 months. (*Source: TerraBKK, Hipflat, DDproperty).
Groove MUSE Ratchada 7 benefits by being only 800 metres from Ratchadapisek Road and a 10-minute walk (2-minute shuttle bus service) from Thailand Cultural Centre MRT Station. Visitors arriving at Suvanabhumi International Airport can be at Groove MUSE Ratchada 7 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.
Groove MUSE Ratchada 7 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 on more than 300 Rai (118.6 acres) of land.
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 Groove MUSE Ratchada 7.
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 nearby Groove MUSE Ratchada 7 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.
Thailand Cultural Centre MRT Station (800 metres from Groove MUSE Ratchada 7) 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 has recently completed and 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 will without doubt positively impact property prices in the area and is planned to complete by 2024.
highlights OF Groove MUSE Ratchada 7
Location: Located in the heart of Bangkok’s New CBD, only 800 meters (10-minutes’ walk) from Ratchadapisek Road and Thailand Cultural Centre MRT Station with a shuttle bus service.
Price: Priced from THB 95,000 to 105,000/sq.m., well below the Average of THB140,000/sq.m. for this part of the Asoke – Rama 9 New CBD area.
Investment: Properties in the area enjoy higher than average capital growth and rental yields.
The Developer: Divine Development have a proven track record and have enjoyed sell-out success in recent project launches.
For further details of mortgages and information on Groove MUSE Ratchada 7 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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