Navarang pointed out the location of Charoen Nakhon. Golden opportunity to buy real estate for investment from important factors supporting the electric train system The new Ministry of Interior government center project Along the Chao Phraya River, 6 buildings with a total area of more than 200,000 square meters create profitable opportunities for real estate investors to buy condos for rent.

Mr. Aphiph Phromyothi, Chief Executive Officer of Navarang Asset Co., Ltd., revealed that since the Thonburi side, especially in the area of Charoen Nakhon Road. The service for the extension of the Green Line and the Golden Line Projects has been opened. Including the development of a large shopping center project. As a result, the Charoen Nakhon area has become another prime location in Bangkok. both in residential and commercial Due to the development of many important projects over the past several years

In addition to the projects that have opened for service before, it is also found that the Charoen Nakhon area still has large projects that will be completed in the near future. The first phase is expected to be completed by the end of 2023-2024, like the new Ministry of Interior government center project. along the Chao Phraya River on an area of 19 rai

The project consists of 6 office buildings totaling over 220,000 square meters of space, which will become an important source of work in the Thonburi area as well. because there will be civil servants and officials from 7 departments of the Ministry of Interior More than 7,000 people came to work.

"In the future, Charoen Nakhon area There will be a lot of new projects being developed from large capital groups. to develop commercial projects It will help drive this location to be interesting. and is an important location in Bangkok Previously, there were many condominium projects. To come out to support the needs of living in the Charoen Nakhon area. But at present there are not many supplies left. which believes that if the government center project of the Ministry of Interior is completed Will attract the development of many new condo projects, but the price will increase from the present. Because the land that will be used to develop the project is scarce. And the price is also higher, "said Apihu and said

from seeing the potential of the location on Charoen Nakhon Road The company therefore came to develop the project at Reeva Charoen Nakorn on Charoen Nakorn Road. The total value is about 1,300 million baht. It is a 29-storey high-rise condominium project with 253 residential units, unique and private. because each floor has only 13 units/floor

For the Na Reeva Charoennakorn project, the Company has entered into a joint venture with Paramount Corporation Berhad, a leading real estate developer in Thailand. Malaysia developed with intention and saw the potential of the location on Charoen Nakhon Road, which is a prime location The project location overlooks the Chao Phraya River at its widest curve. The project has 5 types of condominiums to choose from: 1-Bedroom, 1-Bedroom Loft, 1-Bedroom Executive, 1-Bedroom Plus and 2-Bedroom.

The project also has suites that are highlighted, which are two-storey rooms or lofts that are beautifully designed. Perfect for living and an executive floor that also offers hotel-level services. therefore suitable for living Or buy it for investment by renting it out. to support civil servants or officials of the Ministry of the Interior to move to work in the Charoen Nakhon area or even those who work in CBD areas like Sathorn or Silom Because the location of the project is in a convenient location. Easy access to the city center and close to leading international schools. Including Icon Siam department store as well

"Currently, the Na Reeva Charoennakorn project is under construction. which is expected to be completed by the end of this year And ready to transfer ownership in early 2024, which is close to the completion of the new Ministry Government Center project. Therefore, it is considered a ready project. For civil servants or officials of the Ministry of Interior If moving to work at the new government center because they can travel to work comfortably Or if real estate investors are interested in buying for investment, renting is a good opportunity. Because in this location, you can rent at least 10,000 baht per month for a small room of only 25 sq m, or a return of at least 5%, so it's a good opportunity. For those who are interested in investing in the condominium business for rent, "said Mr. Apipoo.

Source:https://www.bangkokbiznews.com/property/1078950

Date 17/07/2023