Aree Place Phahonyothin

Aree Place Phahonyothin is a high-rise condominium located in Phaya Thai Subdistrict, Phaya Thai District, Bangkok 10400. The project sits in a well-established inner-city residential zone near Phahonyothin Road and Ari neighborhood, known for its convenient lifestyle setting and strong rental demand. It is approximately 650 meters from BTS Ari Station and around 900 meters from BTS Sanam Pao Station, making daily travel easy for both residents and investors.

The development consists of 1 residential tower with 29 floors and around 70 units, offering a more private atmosphere than many large-scale condominiums. Parking is available at approximately 100 percent of total units. Unit types include 2-bedroom, 3-bedroom, and penthouse layouts, with relatively spacious living areas suitable for long-term urban living.

Facilities include a swimming pool, fitness room, passenger lifts, and common areas for relaxation. The security system includes 24-hour security guards, CCTV, and key card access control. The project was completed around 1998 and was developed by Aree Place Co., Ltd. Building management is handled under the condominium juristic person for common area maintenance and overall order.

From a location perspective, the project is surrounded by cafes, restaurants, office buildings, Phyathai 2 Hospital, and La Villa Ari. This makes it appealing for owner-occupiers seeking a mature city neighborhood as well as investors looking at central Bangkok demand. For a nearby city condominium comparison, see Noble Ploenchit.

Aree Place Phahonyothin in 2026 shows a “stable to slightly rising” pattern in both resale and rental markets, supported by Ari-Phayathai’s office lifestyle, dining scene, and strong transit convenience. The project is near BTS Ari (approx. 650 m) and BTS Sanam Pao (approx. 900 m), which helps keep rental demand resilient.

• Resale price per unit: 1-bedroom, 35 sq.m. averages THB 4.55M
• Price per sq.m.: about THB 130,000 per sq.m. (typical range THB 120,000-145,000)
• Average rent: THB 19,000 per month for 1-bedroom 33-36 sq.m. (12-month lease)
• Gross Rental Yield: 19,000 x 12 = 228,000 per year; 228,000 - divided by 4,550,000 = 5.0%

Capital gain view: Compared with newer nearby condos often priced around THB 170,000-230,000 per sq.m., this project still has relative “price gap” upside, but appreciation tends to be gradual. For 2026-2028, a reasonable expectation is 2%-4% per year, equivalent to roughly THB 90,000-180,000 per unit per year (based on THB 4.55M). Key drivers are unit condition, renovation quality, and realistic pricing aligned with actual rental demand, which can reduce vacancy risk and improve total return versus high-priced projects with lower yields.