PROPERTY IN FOCUS JANUARY 202022-Jan-2020
ROYCE PRIVATE RESIDENCES
Located at the doorstep of our Sukhumvit shop, at the heart of Asoke - Phrom Phong area, Royce Private Residences – or “Royce” – has become one of our best-sellers both on the rental and resale market. Focus on this out-of-the-ordinary condominium
FACTS
- Royce Private Residences (“Royce”) is a high end (“grade-A”) free-hold condominium completed in 2012, with 160 units of 2 bedrooms (111 sq.m.), 3 bedrooms (142 and 177 sq.m.) and 4 bedrooms (252 and 365 sq.m.); garden, playground, private parking, 24/7 security, electric car charging station.
- Built by Major Development, one of the largest SET-listed developers, which also built Fullerton, Marque and Muniq;
- Located in the heart of Sukhumvit (Phrom Phong), a popular expatriate area, and within walking distance of:
- Asok public transportation hub (BTS and MRT stations)
- International schools (NiST, Australian School, Singaporean School, etc.)
- Kindergartens (First Steps, Ivy School, IPC, etc.)
- Samitivej Hospital (Top 5 World’s best Hospitals for Medical Tourism MTQUA)
- A shuttle (”tuk-tuk”) service is available for its residents;
- 6,000 sq.m of land, significantly larger than most Bangkok high-end projects;
- Luxurious features: private elevator (all units), 3.2-meter high ceiling, 50-meter pool, fitness
Location - view of our interactive map https://senseproperty.com/property-search-map
WHY INVEST AT ROYCE?
A competitive price in its category
Royce offers similar features to other super-luxury condominiums in Bangkok but at a much more competitive price, around 200,000 THB per sqm (+/- depending on floor, furniture, unit type) Vs. 300,000 – 400,000 THB for buildings of similar standards and offering the same luxurious features, i.e. a competitive advantage of 30 to 50% in its category
A remarkable performance on the resale market
Since its launch in 2011, resale prices at Royce have increased from 120,000 THB per sq.m. to 190,000 THB in 2018 and 200,000-205,000 THB in 2019, representing an average capital appreciation of 6.9% per annum. Given its competitive advantage (see above), prices at Royce are widely expected to continue growing steadily in the coming 5-6 years at least
A healthy rental market
Over the years, Royce has had a strong record on the rental market, with an occupancy rate of over 95%. In particular, its 2-bedroom type (111 sq.m) is very popular thanks to its large size and impressive layout, with a spacious living area with open-plan kitchen, floor-to-ceiling windows, large balcony and unblocked panoramic views