The Address Asoke

The Address Asoke : Well-located condominium, Near MRT Phetchaburi

The Address Asoke sits in the commercial spine between Asoke and New Phetchaburi roads, an area that blends corporate offices, mid-sized retail and dense serviced-apartment stock. The project is best known for offering compact, efficiently planned one-bedroom units aimed at working professionals and investors who prioritise transit access and low-maintenance city living. The surrounding soi and intersections have an urban, business-oriented atmosphere — convenient shops and food options at street level, with the busier office corridors and nightlife a short walk away.

Architecturally the building follows a contemporary condominium model with a focus on usable internal space rather than oversized amenity floors. It's positioned as a premium urban product in the Asoke corridor but with room sizes that reflect practical everyday use rather than large family living. The scheme favours young professionals, long-stay business travellers and investors targeting steady rental demand from both Thai and international tenants working in nearby office towers.

Key Project Summary (Quick Facts for Decision-Making)

• Developer: AP (Thailand) Public Company Limited
• Project Type: High-rise, approximately 30–40 floors, 1 building, estimated 300–420 units total
• Location: Asoke / New Phetchaburi junction area, Makkasan sub-district, Ratchathewi or Khlong Toei district (approximately 150–300 meters from the mouth of the nearest soi)
• Accessibility: Approximately 200–400 meters from MRT Phetchaburi (approximately 3–6 minutes on foot)
• Room Types and Sizes:
• Studio / Compact (approximately 28–34 sq.m.)
• 1-Bedroom (approximately 36 sq.m. — common starting unit)
• 1-Bedroom Plus / 2-Bedroom (approximately 45–70 sq.m.)
• Limited larger units / penthouse (over 90 sq.m., subject to availability)
• Updated Pricing 2569: Sale price starting from 36 sq.m. / 5,500,000 THB / Rental price starting from 36 sq.m. / 20,000 THB
• Parking: Approximately 50–65% of total units (typical for central Asoke condominium projects)

Location Deep Dive: Why Does Living in "Asoke / Phetchaburi" Make Sense?

The Asoke–New Phetchaburi corridor is one of Bangkok's mixed-use axes where office towers, hotels and retail converge with older residential sois. Living here means direct access to Bangkok's primary east–west and north–south transit lines, an abundance of F&B options for lunch and dinner, and proximity to corporate head offices. The mood is urban and efficient: streets feel active during weekday business hours and quieter late evenings, making it appealing for professionals who commute but want immediate access to city life after work.

Shopping & Community Malls

• Terminal 21 (Asok) — A multi-level themed mall at the Asok junction offering everyday retail, international food courts and cinema options; good for quick shopping, casual dining and meeting points for friends or colleagues (approximately 700–900 meters).
• Fortune Town IT Mall — A specialist mall for electronics, IT services and repair shops; suits residents who need tech services, gadgets and budget electronics (approximately 600–850 meters).
• Ratchadapisek / Central Rama 9 area — A short drive or motorcycle-taxi away, featuring Central Plaza Grand Rama 9 and a range of department-store level retail, supermarkets and restaurants for weekly grocery and lifestyle shopping (approximately 1.2–2.0 km depending on route).

Green Spaces & Healthcare

Green space in this axis is limited but functional. Benjakitti Park provides the most significant public green area within a short drive or a 10–20 minute walk (approximate 1.0–1.6 km), with jogging tracks and a lake that appeals to residents looking to escape the immediate city bustle. For healthcare, there are several reputable hospitals within a 10–20 minute drive: Phyathai, Samitivej and Bumrungrad International are the better-known private options that serve expatriates and local residents; exact drive times vary with traffic but are typically in the 10–20 minute range.

Project Facilities

The Address Asoke is structured to serve busy residents who prioritise convenience and functionality. Facilities focus on daily wellness, remote work needs and efficient building management rather than large resort-style offerings.

• Swimming Pool (Lap Pool) — A moderate-length pool for exercise and relaxation; useful for residents who prefer short fitness sessions without leaving the building.
• Fitness Centre — A well-equipped gym with cardio, weight machines and free weights; typically served by windows or partial views to provide daylight and ventilation.
• Co-working / Business Lounge — Dedicated workspace and meeting areas designed for residents who work from home or need short-term client meeting space without commuting to an office.
• Sky Lounge / Rooftop Garden — A communal social space offering city views and an outdoor seating area for small gatherings or informal relaxation.
• 24-hour Security & CCTV — Staffed lobby, access control systems and camera coverage to provide secure building access and visitor management.
• Covered Parking — Multi-level mechanical and conventional parking that supports motorcycles and passenger cars; parking allocation is typically by ownership proportion.
• Residents’ Mail & Parcel Room — Managed parcel delivery area to support frequent online purchases and courier services common among city dwellers.

Value Analysis: Why Is the 1-Bedroom (≈36 sq.m.) Worth Investing In?

The 36 sq.m. one-bedroom layout is the most marketable unit for this location. It strikes a balance between affordability for first-time urban owners and manageability for tenants. Layouts of this size typically separate sleeping and living spaces with a compact kitchen and a single bathroom — a configuration that maximises usable area without wasted circulation space. For investors, these units appeal to corporate assignees, young professionals and single expatriates who prioritise proximity to offices and transport links over large living areas.

Primary tenants in the Asoke–Phetchaburi corridor are a mix of Thai professionals, international expats (including Japanese and Western professionals) and domestic corporate transferees. The area’s concentration of office towers, service apartments and regional company branches means steady demand for one-bedrooms. Using the provided price points as a reference — sale 5,500,000 THB and rental 20,000 THB per month for a 36 sq.m. unit — the gross rental yield is approximately 4.3% (240,000 THB annual rent / 5,500,000 THB purchase price). After factoring in maintenance fees, vacancy and management, realistic net yields will trend in the 3.0–4.0% range, which is consistent with inner-city Bangkok investment norms where capital appreciation and low vacancy are also a part of the return profile.

Frequently Asked Questions (FAQ) — Latest Update

Q: How close is The Address Asoke to MRT Phetchaburi and can residents rely on it for daily commuting?

A: The building sits approximately 200–400 meters from MRT Phetchaburi, typically a 3–6 minute walk depending on the exact entrance used. For many residents this makes the MRT the primary commuting option for cross-city travel, with connections available to the BTS and Airport Rail Link at interchange points.

Q: Is the rental market for 36 sq.m. units strong year-round?

A: Demand is consistently steady for compact one-bedroom units in the Asoke corridor due to nearby offices and international companies. Expect lower vacancy than suburban locations, though short-term fluctuations can occur around peak hiring seasons for corporate relocations.

Q: What are typical monthly running costs for a 36 sq.m. unit (common fees residents should plan for)?

A: Beyond rent, residents should budget for monthly common area maintenance (condo fees), utilities (electricity and water), internet and occasional parking fees if the unit does not include a parking allocation. Condo fees vary by project but for central Asoke projects are commonly billed per sq.m. per month — check the specific contract for exact figures.

Q: How does traffic affect daily commutes from this location, especially by car?

A: The Asoke–New Phetchaburi axis experiences peak-hour congestion, particularly heading toward Sukhumvit and Rama IX. Many residents therefore prefer the MRT/BTS or motorcycle taxis for time-sensitive commutes. If you commute by car, allow significantly more travel time during weekday morning and evening peaks.

Q: Are there language-specific tenant pools (e.g., Japanese or Korean) for rental targeting?

A: Yes — the surrounding corporate and embassy network attracts a mix of expat tenants, including Japanese and other Asian professionals. Marketing a well-furnished 36 sq.m. unit with proximity to transit can attract these tenant segments, especially if offered through relocation services or corporate leasing channels.

Interested in a Viewing or Property Consultation? Contact Connex Property

If you would like to view The Address Asoke, discuss current available units, or get an updated rental or sales appraisal, the Connex Property team can assist with market data, viewing arrangements and negotiation guidance. Our consultants specialise in central Bangkok condominiums and can provide an investment-focused assessment tailored to your goals.

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