The Rama 9- Ratchada neighborhood offers one of most desirable and eclectic lifestyles Bangkok can offer. This balance between business and leisure, has cemented its position as one of the top residential and property investment hotspots in the Capital!
Here are 10 reasons behind this neighborhood’s tremendous success:
1. Travel Convenience
Convenient Neighborhood Serviced by MRT Blue Line!
The area’s early success and development, sprouted from its convenient travel and large array of commuting options available to local residents.
The neighborhood is connected to the MRT Blue line and is served by MRT Phra Ram 9 and Thailand Cultural Station. Road users can also connect to major arteries such as Phetchaburi Rd., Asoke-Din Daeng, Vibhavadi Rangsit and the Sirat Expressway.
2. Business Hotspot
Thailand SET Building and AIA Capital Center!
Interestingly, several national and international companies have relocated or elected to establish business operations in the area. One high-profile example of this trend is The Stock Exchange of Thailand which has relocated its operations to 93 Ratchadaphisek Road.
As a result, the neighborhood now hosts numerous Office Towers including some newly-completed A-Grade commercial buildings such as AIA Capital Center Building and G Tower.
3. Geographical Location
Rama 9- Ratchada is strategically positioned to benefit from the commercial and residential spillover of Asoke. Commercial and residential developers have turned their attention to the area as developable plots are still available in the area and relatively affordable compared to locations in the Core-CBD (I.e. Asoke, Silom-Sathorn and Ploenchit-Wireless).
4. Quality Housing and Accommodation
Ideo Mobi Rama 9 by Ananda Development
The area’s boom and growing popularity has not gone unnoticed by Condo developers. Some of the Capital’s established names, have completed and/or recently launched a series of quality Condo Projects. This includes Condos such as Noble Revolve by Noble, Ideo Mobi Rama 9 by Ananda, and Life Asoke-Rama 9 by AP (Thai).
5. Shopping Destination
Fortune Town Shopping Mall
Rama 9- Ratchada Shoppers are spoilt with choice with a variety of Malls notably Central Rama 9, Fortune Town (Located in Rama 9) and Esplanade Ratchada and The Street Ratchada (Located next to Thailand Cultural Center).
6. Vibrant Lifestyle
On top of its Malls, the neighborhood also offers a wide range of restaurants, cafes and eateries; the area is also packed with a range of markets and street vendors that cater to the local residents. Thus making it a particularly popular and trendy hangout hotspot.
7. Eclectic Nightlife
Ratchada Night Market
With the famous Ratchada Night Market, hipster bars and variety of clubs the neighborhood is a popular after work hangout spot and attracts party goers from the four corners of Bangkok!
8. Affluent Residents
This amazing balance of “work and play” offered by this dynamic location, has made it a popular residential option for the Capital’s affluent working professionals both Thai and Expat!
9. Mega Project Pipeline
Rama 9-Ratchada will Soon Welcome Mega Projects like the Makkasan Complex!
Rama 9- Ratchada is a hive of development activity and in the coming years it will welcome numerous area transforming mega projects notably The Super Tower (Which will become Thailand’s Tallest Tower), the development of the MRT Orange Line (The Interchange will be located at MRT Thailand Cultural Center) and Makkasan Complex.
These mega projects are likely to redefine the neighborhood and further consolidate the location’s position as the Capital’s leading business and residential hotspot.
10 Attractive Property Investment Location
Strong Rental Market and Opportunity for Capital Appreciation Returns.
All the factors above, have translated into strong rental demand (Both Thai and Expat) with rental yields between 4.5-5.5%. The area’s dramatic transformation is also producing attractive returns in the form of strong capital appreciation prospects.
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