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Expat Letter from Bangkok

 

Narathiwas Road in Bangkok is the long boulevard that runs from Surawongse and Silom roads down to Rama 3 road. Important due to its position but also due to the fact that thoroughfare is home to a number of condo and other projects that supports the central business district at Silom and Sathorn.
 
Also of note is the new BRT line that runs along its entire length. This recently opened mass transit system was undoubtedly the catalyst for a number of residential developments in the area and has been running for little over a year with great success.
 
Expat Letter From BangkokNarathiwas proper starts at Surawongse Road but it is the stretch from the Chong Nonsi junction that has recently been home to some considerable development. Indeed the junction itself has seen some recent action. A wide pedestrian over pass has now replaced the pedestrian walkways that made up the 4 sides of a square. This overpass connects the BTS station to all of the adjoining roads and also to the BRT terminus at the foot of the junction. 
 
Thus Narathiwas Road not only has a BRT line of its own but a very rapid connection to the entire BTS system even in spite of its length. 
 
The area has been a beneficiary of the infrastructure development of late. The Empire Place condo is the first major residential project that can be seen around 500 meters from the main junction. This large and modern building houses some luxury condos ranging in size from 65 square meter one bedroom configurations to 100 square meter and above 3 bedroom ones. Rentals for the one bedroom units starts at around 30,000 to 32,000 baht per month with larger units typically starting around 45,000 to 65,000 baht per month. Resale prices are in the 90,000 to 110,000 baht per square meter range. The project features a very large swimming pool and a modern cutting edge gymnasium together with a number of green areas and walkways. Security in the development is top notch with key cards required to use lifts and to open lobby doors at all access points. 
 
Moving further down Narathiwas Road the recently opened City Viva shopping plaza is the newest shopping addition to the area. This modestly sized mall houses restaurants, fashion outlets and a supermarket. The City Viva plaza has set the scene for Narathiwas Road to be a lifestyle destination and can be easily reached from most of the condos along the street.
 
Just along from City Viva is Soi 14 where the aptly named condo project “The Bangkok Narathiwas” can be found. It is at the end of the soi but the project opens up into a large resort area and consists of low-rise buildings set around some very nicely landscaped gardens. Prices here are also very reasonable with 2 bedroom 80 square meter apartments available from as little as 25,000 baht per month. The location provides for a peaceful stay and the buildings are well kept by the management. 
 
Next stop is Soi 18 and just at the entrance the Nonsi condo is a more established condominium providing large units at relatively low prices. Rentals for 40 to 50 square meter 1 bedroom units start from as little as 15,000 baht per month. A large swimming pool on a mid level floor accompanies a children’s play area and gym. Coffees shops and minimarts are among the outlets at street level within the substantial building, and just opposite a Japanese restaurant and more shops can be found.
 
Slightly further along Narathiwas road, on the opposite side of the boulevard, The Complete condo by Prinsiri is a recently finished project which consists of 187 units in a 31 story building. All units for sale in the building came as fully furnished and enjoyed some excellent interior design features including oven and hob in 2 bedroom units, high quality sofas and beds, and built in LCD TVs. Since the building has no near neighbors the views out to every direction are stunning. Prices are not bad considering the high quality of finish with 30 square meter studios starting at just 16,000 baht per month and two bedroom 56 square meter units starting at around 30,000 to 35,000 baht per month. 
 
At the end of Narathiwas Road is the Rama 3 intersection providing very rapid access to the expressway network. Near to this junction can be found the Central Rama 3 Plaza, which is one of the groups largest places sporting the central department store as well as a large range of eateries and other shops. Opposite Central Rama 3 lies the imposing Lotus superstore complex that is home to another range of fast food outlets as well as several banks and shops in addition to the main lotus supermarket. 
 
All in all for rental yield possibilities or simply as a place to consider residing, Narathiwas has a good selection of residential offerings as well as plenty of facilities. Its proximity to the main Sathorn central business district makes it an attractive buy to let location, one that should hold its value well.