Invest In The New Lumpini Suite Makkasan Project And Live Near Bangkok’s Own Future Central Park
Ever envisioned living in an elegant apartment overlooking a beautiful park with amazing views of Bangkok’s skyline, for an inexpensive price? Imagine having the chance to invest early in what could potentially be Bangkok’s most desirable landmark avenue, similar to New York’s Fifth Avenue where apartment prices run into millions of dollars due to their proximity to Central park? That’s the chance that the 20 year old Lumpini Development Public Company (LPN) is offering with its exciting new Lumpini Suite Makkasan Project – the 636 unit high rise condominium on the New Petchaburi road will offer tenants the longest South-to-North views of the 600-rai plot of greenery that’s being developed into Makkasan Central Park. Not only will it offer spectacular park views, but the condominium’s location between three of Bangkok’s most prized central areas, namely, Asoke, Rama and Siam, will put tenants literally at the heart of everything.
In terms of transport, the project’s location is simply unbeatable offering easy access to three expressway entrances. Tenants will not only be close to MRT Petchaburi, that’s one stop away from MRT Asoke, but they’ll also be close to BTS Phaya Thai, and have fast access to the airport via the Airport Rail Link line at Makkasan.
Some of the city’s best shopping is within walking distance in the Pratunam-Chitlom area, namely the Pratunam market, Platinum Fashion Mall, Pantip Plaza (IT & electronics), and the sprawling CentralWorld complex (Thailand’s biggest mall). Siam, which is home to some of Bangkok’s trendiest high-fashion malls, such as Siam Paragon, Siam Center, Siam Discovery Center and MBK Center, is also nearby. Whether it’s shopping, street foods, fine dining, fun activities or wholesome family entertainment, it’s all ridiculously close. For instance, one of Bangkok’s finest hospitals, the Bumrungrad Hospital, is a mere 9 minutes away by foot.
Designed along clean lines, the apartments themselves offer the latest in modern urban luxury, with striking interiors done up in neutral and primary shades that both promotes a feeling of space and is easy for busy professionals to maintain/keep clean. Studio apartments range from 23-24 sq m, 1 bedroom apartments from 26.5-33.59 sq m, and 2 bedroom apartments from 34.5-61 sq m. The L-shaped plan opens up the 10th floor, allowing the pool terrace and courtyard to benefit from natural breezes. Apartments offer either unparalleled Makkasan park views or unobstructed city views of Sukhumvit and Greater Bangkok.
In terms of investment potential, clients can be assured of a strong capital gain; the projected ROI per annum is 12.1% and the projected rental yield is 4.8%. (Average price per sq m is 138K THB). Moreover, the condominium will offer unblocked views of the Makkasan park, which in the long run literally ensures its popularity for both rental and resale, given how many tenants are specific about living close to a park. Having a park as a front or back yard, offers tenants a dream lifestyle as they have easy access to jogging and cycling trails, plenty of children’s playgrounds, lakes for boating, and potential concert and cultural performances, just to name a few advantages.
The project that’s due to be finalized in 2019, is LPN’s latest offering, a company that’s well-known for being one of Bangkok’s most successful real estate developers with numerous track records for fast selling residential properties. (On average the firm’s developments have a capital appreciation of 7% with no depreciation in 20 years). The firm has also gained a solid reputation for excellent community and facility management, making its condos quite popular in the Bangkok real estate scene. Currently the apartments are being pre-booked at a fast rate, so if you are interested in getting early bird prices and living in one of Bangkok’s grandest streetscapes, get in touch today.