The Ideo Mobi Rangnam is a new launch condominium in the heart of Bangkok that will be launching soon.
Located near the Victory Monument BTS station and Rang Nam MRT station, the Ideo Mobi Rangnam presents a compelling investment opportunity for astutue investors to take advantage of the growth in Thailand’s economy.
A brief introduction to Thailand’s economy was presented earlier for another new launch condominium project, the Life Asoke Rama 9 developed by Mitsubishi Estate.
With pricing from S$130,xxx per unit, the Life Asoke Rama 9 saw all 60+ units allocated for Singaporeans sold out over the launch weekend.
Seeing the keen interest for Bangkok properties by overseas investors, Ananda Development is building the Ideo Mobi Rangnam to take advantage of the capital seeking to invest in real estate.
First up, a fact sheet detailing key stats of the project.
Ideo Mobi Rangnam fact sheet
|Company||Ananda MF Asia Ratchaprarop Company Limited|
|Location||Rangnam Road, Thanon Phayathai, Ratchathewi, Bangkok|
|Product type||Freehold high-rise condominium|
|No of levels||31 floors|
|No of parking lots||169|
Studio: 27.9 to 30.2 sqm. Pricing from S$19xk.
1 bedroom: 30.1 to 40.5 sqm. Pricing from S$23xk.
2 bedroom: 48.75 to 65.95 sqm. Pricing from S$39xk.Discounts available from S$4,000 to S$16,000 depending on chosen unit.
|Floor to ceiling height||2.7m for every unit|
|Expected completion||Sept 2019|
|Facilities||Ground floor: Lobby, mail area, property management office, garden carpark
2 to 8 floor: Carpark
21 to 29 floor: Residential. Garden on 21st, 24th, 26th floor
30 floor: 360 dramatic pool, Jacuzzi
31 floor: Sky Fitness, levitate lounge, changing rooms
|Security system||24 hour security guard and keypad operated entrance and exits, CCTV|
|Elevator system||2 passenger elevators with security control system and 1 service elevator|
|Management fee||65 THB psm per month (collect 1 year in advance due on ownership transfer day)|
|Sinking fund||600 THB psm (one time payment due on ownership transfer day)|
According to Ananda development, the key themes of Ideo Mobi Rangnam include 1) Smart location 2) Smart Design and 3) Smart innovation (solar fresh air system).
The Ideo Mobi Rangnam has many interesting facilities and cutting edge features such as a 360 dramatic pool, solar cells for every residential unit, a smart solar dash board and solar fresh air system.
The following graphic shows the various facilities and features of the development.
Ideo Mobi Rangnam development location
The Ideo Mobi Rangnam is located 600 metres from the BTS Victory Monument Station and is also accessible from the Rang Nam MRT Station. The Rang Nam Station is on the orange line that is coming up in 2024.
Nearby, there are future development projects such as the Makkasan Complex, a mega project from the government including a grand park museum and hall of exhibition. There is also the future mass transit Orange Line that will link the suburbs to the CBD.
There is also the Suntiphap Park and Makkasan Park nearby to provide owners and investors with healthy living and eco-friendly activites.
In terms of healthcare, there are well known hospitals nearby such as the Rajavithi Hospital, Queen Sirikit National Institute of Child Health, Phramongutklao Hospital, Mahidol University Faculty of Dentistry and linked to Culalongkorn University by 3 train stations.
In terms of lifestyle choice, Ideo Mobi Rangnam is 260m to King Power Complex, 1 k to Center One, 1.4 km to Central World and 3 stations to Siam Paragon.
The following map shows key locations near Ideo Mobi Rangnam, namely the Rang Nan MRT station (right side of the map), King Power (left side), Santiphap Park (above Ideo Mobi), BTS Victory Monument and the Victory Monument (both upper far left).
Ideao Mobi Rangnam is designed by Tandem Architects 2001, Design Worldwide Partnership and Redland.
For those interested to see how Bangkok looks like in the evening, the following are views of Makkasan and Santiphap Park in the evening.
Ideo Mobi Rangnam Floor Plans
Ideo Mobi Rangnam consists of studio (27.9 to 30.2 sqm), 1 bedroom (30.1 to 40.5 sqm) and 2 bedroom (48.75 to 65.95 sqm) units.
Going by the demand for similar sized units at Life Asoke Rama 9, the units in this development were purposefully built to provide a bite sized price quantam suitable for investors.
In Life Asoke Rama 9, there were reports that some investors purchased 2 to 3 units at one go, amounting to about S$400,000 to 500,000 in total.
Ideo Mobi Rangnam Pricing
Singaporean investors have been allocated the 10th and 23rd floors.
Prices range from S$19xk for a studio, S$23xk for a 1 bedroom unit and S$39xk for a 2 bedroom unit.
Yields in the market for residential properties are around the 6% range.
There are discounts ranging from between 100,000 to 400,000 THB or approximately S$4,000 to S$16,000 for various sizes of units.
Ideo Mobi Rangnam Unit and Stack Plans
On the ground floor, Ideo Mobi Rangnam fronts Din Daeng Rd, Rangnam rd West/Santiphap Garden, Rangnam rd South and Makkasan Garden.
Parking is found on the 2nd to 8th floor while residential units are on the 9th to 29th floor.
The first floor is for the lobby, parking and greenery.
From the 30th floor upwards are the facilities such as sky garden, fitness area, 360 dramatic pool etc.
The units also have a smart solar fresh air system with accompanying solar panels and a dashboard.
The following pictures show the ground floor, floors 9 to 20 (residences), floor 30 (360 dramatic pool and jacuzzi), 31 (fitness corner and lounge & library) and roof top garden.
In the units at the Ideo Mobi Rangnam, they come with the following furnishings. In the kitchen equipment and finishings, there are the ceramic hob, sink, hood and kitchen tap.
In the bathroom, there are Toto toilet and seats, auto washlets, semi recessed basic, undercounter basin, shower sprays and single lever lavatory faucet. There is also a rain shower heads, hand shower head, clothes rack, sliding rail, ventilation fan, tissue holder, shower screen and door and stainless floor drain.View Fullscreen
Ideo Mobi Rangnam facilities, pool, fitness, lounge, rooftop and interior
As with most modern condominium developments, the Ideo Mobi Rangnam has a sky garden, sky fitness area, levitate lounge and 360 dramatic pool.
All these to cater for expatriates who desire to lavish amenities to unwind after a day of work.
Ideo Mobi Rangnam Full Brochure
Take this chance to invest in Bangkok, Thailand where growth is higher than the Asia Pacific average.
Notwithstanding a coup in the last few years, which actually has stabilized the country, Thailand has many good things going for it. The Thai Baht has appreciated against the Singapore dollar, moving from about 26 THB to 1 SGD 2 years ago to 24.5 THB to 1 SGD.
While more SGD will be required to change to THB, if the THB trend continues, investors will get an extra kicker from the THB appreciation if/when they ultimately sell their Thai property and convert back to Singapore dollars.
Thailand is one of the better performing emerging countries in Asia besides Vietnam and Indonesia. Myanmmar and Cambodia are still very nascent in their economic growth, while Malaysia is in the same phase as Thailand but growth is weaker.View Fullscreen