Hyde Heritage Thonglor
Hyde Heritage Thonglor is a recently launched luxury development in Bangkok’s most popular residential area and is located on main Sukhumvit Road just 400 metres from Thonglor BTS Skytrain Station. The development is a joint venture between two of Thailand’s largest listed residential developers; Grand Asset and Property Perfect, and Sumitomo Forestry from Japan who have recently diversified into residential projects.
Hyde Heritage Thonglor comprises a single tower with 45-floors and 311 FREEHOLD condominium units. The entire project covers just over 2-Rai of land, or a little under one acre. There is a ratio of 100% free residents’ car parking spaces available on a first come first served basis in a state-of-the-art automated parking facility. The entire development will be ready to move-in to in Q4 2022 leaving ample time for early buyers to benefit from capital growth before completion.
Hyde Heritage Thonglor is designed to be a legacy investment handed down through generations with a timeless architectural design and constructed to the highest luxury standards. The striking art deco geometric design is further enhanced by beautifully landscaped gardens to complement the New York inspired elegant style of the building.
The value of the building is also encapsulated in its location between Thonglor and Ekkamai Roads overlooking the UNESCO World Heritage Centre offices, and with breathtaking views from higher floors across the Chaopraya River to the green area of Bang Krachao. Indeed, Hyde Heritage Thonglor is proving popular with both end-user buyers and investors alike as the Thonglor area has long been the preferred residential area for wealthy Thai families and the many Japanese expatriates in Bangkok.
The lead Thai developer behind Hyde Heritage Thonglor is Grande Asset Hotels and Property Public Company Limited, a Bangkok-based developer of luxury condominiums, hotels and resorts in Thailand. Founded in 1988, the company was listed on the Stock Exchange of Thailand in 2004.
Joint venture partner Property Perfect Public Company Limited is a major Thailand developer of detached home estates, townhouses, and condominiums founded in 1985 and registered as a public company and listed on the Stock Exchange of Thailand in 1993. Sumitomo Forestry is Japan’s leading timber and building materials company and joins a long line of distinguished international Japanese companies investing in Thailand and bringing expertise, best practice and solid financing to the Bangkok real estate industry.
Facilities at Hyde Heritage Thonglor are extensive and include a hotel-designed reception and lobby lounge with dedicated VIP storage spaces for each unit, smart lockers for deliveries, and supercar parking and EV chargers in the basement and ground floors.
Most of the recreational facilities are to be found on the 7th floor and include a glass house, a ‘Hyde’ garden, a grand residents’ lounge, a co-working space, a library, a tea lounge, a childrens’ playroom, a theatre room and a spa and salon offering manicures and pedicures.
The 39th and 41st floors will house the fitness facilities including a professional gymnasium, male and female saunas, a yoga studio, a golf simulator and adults and childrens’ 360-degree temperature-controlled swimming pools, all with magnificent views of the Bangkok skyline. There will be 24-hour security, keycard entry and CCTV throughout the development and management will be by VALOR Hospitality Group.
There are five condominium unit-types available at Hyde Heritage Thonglor with floor areas and configurations as follows:
All units are delivered fully fitted including luxury kitchens with a hotplate, hob and an extractor, fully fitted bathrooms with custom-built bathtubs, washlet toilets and separate showers, engineering wood flooring, and air-conditioners.
Electronic door locks are provided for entrance doors and video entry phones are fitted connecting with the main entrance. Ceiling heights average an extra-high 3 metres and floor-to-ceiling windows provide ample natural light and fantastic unobstructed views from most units day and night.
Prices at Hyde Heritage Thonglor start at THB11,118,210 (US$342,565, HK$2,655,063, SG$488,005, CNY2,425,951, Euro316,446) for a 1-Bedroom unit at 40 sqm.
2-Bedroom units start at THB19,894,390 (US$612,966, HK$4,750,753, SG$873,209, CNY4,340,845, Euro566,235) for a 68.20 sqm unit.
Special promotions and discounts are available from time-to-time on selected units exclusively through Richmont’s Christie’s International Real Estate including limited discounts of THB1,419,081 (US$43,754) on selected 1-Bedroom units and THB2,175,157 (US$67,065) on selected 2-Bedroom units. Please contact us for details of latest offers.
Average prices throughout the development are THB280,000 per sqm but these discounts bring starting prices at Hyde Heritage Thonglor to less than THB230,000 per sqm which is exceptional value for a new luxury project in this area.
Payment terms for Hyde Heritage Thonglor are generous with a lower than usual deposit required. A booking fee of THB100,000 for 1-Bedroom units, and THB200,000 for 2-Bedroom units (or the equivalent in foreign currency) is required as soon as possible to reserve. Within 14 days of reservation a 15% deposit is to be paid and the Sales & Purchase Agreement signed. There will be no further payments due until Hyde Heritage Thonglor is completed in late 2022.
The Common Area Management charge for Hyde Heritage Thonglor is THB100/M2/Month and the one-off Sinking Fund payment is THB1,000/M2. This means the average monthly management fee for a 1-Bedroom 40 sqm unit-type is THB4,000 (US$123, HK$955, SG$175, CNY872, Euro114).
Purchasers are free to re-sell their units at any time and mortgages are available for qualified foreign buyers from UOB, ICBC, BOC and MBK.
Thonglor is one of Bangkok’s most popular entertainment streets, well known for its classy bars, boutique shops, and fashionable clubs and restaurants. The Thonglor area is traditionally the domain of ultra-fashionable and moneyed Thais and in recent years, more and more foreigners have been enjoying the Thonglor scene too.
The Thonglor area is very much a property hotspot with some new developments selling almost as soon as they come on the market, and prices in many condominiums exceeding THB400,000 per sqm.
Hyde Heritage Thonglor benefits further by being nearby many amenities nearby Thonglor Road including the brand new Donki Mall, Japanese-themed Gateway Mall and Park Lane community mall. Also nearby are Big C on Ekamai Soi 8, Heathland Spa, Sukhumvit Hospital, Ekkamai International School and Major Ekamai cineplex and ice-skating rink.
By BTS Skytrain from Thonglor Station it is only one stop to Phrom Phong and the shopping and entertainment meccas of Emquartier and the Emporium. Two stops from Thonglor is the MRT interchange station at Asoke and Terminal 21 shopping centre.
The demographics of residents in the area are high-income Thais as well as Japanese expatriates, making Hyde Heritage Thonglor a particularly interesting proposition for investment buyers looking for a healthy rental yield and high capital growth.
The area around Hyde Heritage Thonglor is expected to enjoy significant capital growth in property values when Phase 1 of the Grey Monorail Line planned from Raminthra to Thonglor BTS Station starts operation in 2023. The environmental impact assessment study for the Grey Line has been completed and the construction of Phase 1 is expected to start in 2021.
The Grey Line will intersect with several other mass transit lines when all three phrases are completed including the Pink Line, the Yellow Line, the Orange Line, the Light Red Line, and the Green Line at Thonglor BTS Station. The Grey Line is expected to carry around 140,000 daily commuters.
Location: Easy access to Thonglor BTS Skytrain Station (400 metres) and Ekkamai BTS Skytrain Station (600 metres) and nearby shopping and dining venues.
Quality & Amenities: Professionally managed by VALOR Hospitality Group and beautifully designed in a classic Art Deco style with well laid-out floor plans, high ceilings and extensive residents’ facilities.
Investment: Higher than average capital growth expected as new infrastructure opens. High rental demand from locals and expatriates with 5% rental yields.
Price: Prices start at less than THB230,000 per sqm after special discounts and average THB280,000 per sqm making Hyde Heritage Thonglor exceptional value when compared to other recent condominium launches in the area.
After Sales Services: Bespoke furnishing and interior design services are available to all purchasers of Hyde Heritage Thonglor.
For further details including floor plans and latest availability please contact us at [email protected], call or WhatsApp +66 (0)86 533 6789 or complete our enquiry form.