“The Amarin” seizes prime location to launch premium condo “Arun Siriraj Triple Station”

CBRE targets Siriraj area as a prime location for investment in condos for rent, yielding 5-6% per year. The Amarin sees an opportunity to develop “Arun Siriraj Triple Station”, a premium condominium on Siriraj location, targeting medical personnel at Siriraj Hospital, medical students at Siriraj Hospital and Mahidol University.

Mr. Atthavut Thamcharoen, Managing DirectorThe Ammarin Company Limited Real estate entrepreneurs under the brandArun (AROON) Revealed that in the future, Siriraj area will become a medical district, where Siriraj Hospital has a plan to develop a 15-storey medical building and connect it to Siriraj Station, which is a service unit of the Faculty of Medicine Siriraj.

It has connections to the Orange and Red Lines, and is the first mass transit station for health and public health in Thailand. Siriraj Hospital has made an agreement with the State Railway of Thailand (SRT) and the Mass Rapid Transit Authority of Thailand (MRTA) to jointly develop the project.

There will also be development of the SRT area near Siriraj Hospital, such as renovation of the 50-60-year-old staff and railway officer accommodation building, development of the area between the connecting points into a commercial area, such as a walking street, which will allow the area to be developed to a higher standard, and there will be a large number of people using the service and living in the area.

While currently, the land surrounding Siriraj Hospital is considered difficult to find for project development because the landowner has no plan to sell the land. Most of them are still original residents who have been living there for more than 30-60 years and are small plots of land. If you want to buy it to develop a project, you have to buy several plots together, which limits development. In addition, the area around Rattanakosin Island is a conservation area where buildings cannot be built higher than 5 floors.

The project development therefore had to expand the area to the outer part, but there was still a problem that most of the land was still owned by the State Railway of Thailand, which could not be bought and sold to develop the project. Therefore, the development of the Arun Siriraj Triple Station project on an area of ​​over 1 rai was a rare opportunity. It can be called a truly Exclusive Location.

AROON Siriraj Triple Station Project It is a low-rise condominium with 8 floors and 170 units, worth 800 million baht, on an area of ​​over 1 rai on Charansanitwong Road 32, near the Blue Line, Bang Khun Non Station, only 120 meters away, near Siriraj Hospital and amenities such as shopping malls, universities, etc.

Focus on targeting real residents, especially doctors, nurses, hospital staff, parents with children studying at Siriraj Hospital, Mahidol University and nearby universities, as well as investors who buy for speculation and rent out.

which is believed Arun Siriraj Triple Station Project It will still be well received like the previous project, which was able to sell 80% within 3 months because the company still develops under the concept of providing quality, value and price, as well as being a valuable asset in the future.

side Ms. Athitaya Kasemlawan, Head of Residential Project Trading Department, CBRE Thailand He said that the overall condominium market in the midtown/suburb area, which is considered a densely populated residential area, in the first half of 2567, found that there was a completed supply of more than 751,987 units and another 100,163 units under construction, with this group of condominiums having an average sales rate of 63.1%.

When looking deeper into the Siriraj area, which is located in Midtown, it is considered a prime location at present and in the future. The condominium project around Siriraj area found that there is only 4,197 supply units. The projects that are close to the BTS station within a radius of 1 kilometer have an average sales rate as high as 81%, while condominiums that are further away from the BTS station, more than 1 kilometer, have an average sales rate of only 64%. The BTS is considered one of the most important factors in choosing a place to live.

In addition, these important factors also support it, such as being a large source of employment for more than 17,000 medical personnel, being a leading educational center, including the Faculty of Medicine Siriraj Hospital, Mahidol University, Thammasat University (Tha Prachan), and Silpakorn University, with a total of more than 8,000 students, as well as more than 12,000 patients using the services of Siriraj Hospital per day, not including the current residents of Bang Khun Non District, which is more than 1 people. Therefore, it is a location with a large and continuous demand for living in the area.

In addition, from insights from medical personnel, it was found that projects near hospitals, near electric trains, with common areas open 24 hours, with shuttle buses to and from the hospital 24 hours a day, as well as projects with a small number of units and high privacy are important factors in choosing a place to live.

In the future, the Siriraj area will develop important mega-projects, including becoming a transportation hub, which will develop the Light Red Line and Orange Line (future extensions, expected to open in 2571 and 2572, respectively) to connect with the MRT Blue Line at Bang Khun Non Station, which is currently in service, becoming a connection point for 3 electric train lines, resulting in more convenient travel between the Siriraj area and other areas of Bangkok.

In the future, if you want to travel to the city center like Siam, using the Orange Line will be faster, taking no more than 20 minutes or only 7 stations away. Passengers will also have a variety of travel options, whether by road, skytrain, train, or boat.

“With the important positive factors of the area, which will be developed in many aspects, whether it is a medical city, the development of transportation systems, and the development of commercial areas of the State Railway of Thailand, resulting in the Siriraj location being a prime location at present and in the future, which has attracted the attention of many investors and real estate developers. However, it is quite difficult to start a residential project because land is scarce and expensive, including development restrictions and legal restrictions.

Therefore, when a condo project is launched for sale, it is well-received because there is demand from both real residents and investors who buy for speculation or to rent out, which gives an average rental return of 5-6% per year.”

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