BANGKOK, Thailand – Following the success of Walden Asoke launched in March this year and now 90% sold, the award-winning Habitat Group is launching its second city centre luxury low rise condominium under the Walden brand – Walden Sukhumvit 39. Developed under the concept of “Low Rise, High Living”, the 950 million baht development embraces nature in its design. With end-users and investors in mind, Walden Sukhumvit 39 is located in the most expensive rental area of Bangkok, Sukhumvit, where rates reach 1,000 baht per sqm/ month, and yields for Walden Sukhumvit 39 owners are expected to reach 5% per year.
Mr. Chanin Vanijwongse, Chief Executive Officer of Habitat Group, Thailand's leading property-for-investment developer, commented that “High-end condominiums continue to grow in popularity attracting both Thai and international buyers, as well as investors. With Grade A locations scarce, especially along Sukhumvit Road and the BTS route, land prices are at a premium, which in turn has meant prices for condominiums in Sukhumvit 39 have grow exponentially over the past five years (2014-2018), from 160,000 baht/ sqm to 275,000 baht/ sqm.”
Sukhumvit is a popular residential area with condominiums commanding high rents and occupancy, Sukhumvit 39 itself a popular Japanese community home to 100,000 families and approximately 250,000 people.
Identifying an opportunity to create a unique, luxury low rise condominium in the heart of Bangkok, Habitat Group launch Walden Sukhumvit 39 on 0-3-22 rai of land in soi Sukhumvit 39. An eight floor condominium with a total of 116 units comprising One Bedroom (95 units) from 34.56 – 45.77 sqm, Two Bedroom (14 units) ranging from 53.25 – 59.44 sqm, and Loft Garden (7 units) which are two-storey two bedroom configurations covering 60.53 sqm, construction will start Q2 2019 and is expected to be complete and with units ready-to-move-in, in Q2 2021. Prices start from 5.9 million baht.
“Sukhumvit is a high potential location. It is not only a good location for living but it’s also an important business center that's surround by facilities including five-star hotels, office buildings, shopping malls, tourist destinations, hospitals, schools and universities. Located in Phrom Phong area of Bangkok, close to the Phrom Phong BTS station, Emquartier and Emporium malls, and Samitivej Hospital, Walden Sukhumvit 39 offers privacy and convenience in the heart of Bangkok,” added Mr. Chanin.
Walden Sukhumvit 39's target market is 70% investor and 30% owner-user. Monthly rental rates are expected to be 30,000-60,000 baht per month, depending on unit size, with an average yield of 5% per year, compared to condominiums in the inner Sukhumvit area which average yields of approximately 3% per year.
Highlights of the development include a luxurious design, privacy and natural surrounds. Extensive green trees onsite will provide shade and cool for both the outdoor facilities and indoor areas, while each unit has a spacious, airy design with room functionality that can be adjusted to owners' lifestyles.
The expansive rooftop facilities include separate adult and children swimming pools, jacuzzi and Onzen, as well as a sky terrace and communal spaces for family activities, a BBQ corner, and a playground, giving Walden Sukhumvit 39 a resort feel in the city. Water features, lobby and fitness center round out the facilities.
Complementing the natural feel and lush landscaping of Walden Sukhumvit 39 is technology and innovation. Automated Parking provides a convenient parking solution for car-owners while “Walden Privilege” allows residents to shop and order home delivery, take-away food, pay bills and manage house cleaning on a tablet.
“We are confident that Walden Sukhumvit 39 will be well received by customers due to its location and high investment potential that will deliver strong rental returns and long term asset gain. There is high demand from Thai and expatriates looking to reside in the area, especially Japanese and Chinese, as well as investors – these are our main target group. Our hospitality arm, Habitat Hospitality, will manage the properties and facilitate rent for owners, ensuring yields are high, and we expect investors to profit from Walden Sukhumvit 39 with a 3-5% capital gain yearly,” concluded Mr. Chanin.
Habitat Group will host two exclusive booking days on 22 and 23 September where interested buyers can visit the show unit at Habitat Group's Sales Gallery. For more information, visit www.habitatgroup.co.th or call 02-168-8266.