Baan Pruksasiri 1 Ratchathewi

Baan Pruksasiri 1 Ratchathewi is a low-rise condominium located on Phaya Thai Road, Thanon Phaya Thai, Ratchathewi, Bangkok 10400. The project sits in a central city location with convenient access to Siam, Phaya Thai, and Ploenchit. It is approximately 450 meters from BTS Ratchathewi and around 700 meters from BTS Phaya Thai, making daily travel and Airport Rail Link connection at Phaya Thai highly convenient. This location is suitable for both owner-occupiers and rental investment targeting working professionals in the city center.

The project was completed around 1994 and developed by Pruksa Siri Co., Ltd. It is a residential condominium with 1 building and 8 floors, offering a relatively private atmosphere. Unit types mainly include 1-bedroom, 2-bedroom, and larger residential layouts. The room sizes are generally more spacious than many newer condominiums in the area, which is one of the project’s practical advantages.

Facilities include elevator access, parking, a garden area, and common facilities in line with a classic low-rise condominium. Security features include controlled building access and on-site staff. However, publicly available data regarding the exact number of units, parking ratio, and current property management is not consistently published across sources, so buyers or tenants should verify these details directly with the juristic office.

A key strength of the project is its proximity to Siam Paragon, MBK Center, Chulalongkorn University, and Phyathai 1 Hospital. It suits those looking for a centrally located residence with a quieter setting than large high-rise developments. A nearby project for comparison is Noble Ploenchit.

Baan Pruksasiri 1 Ratchathewi on Phaya Thai Road sits in a high-demand inner-city pocket linking Ratchathewi-Phaya Thai-Siam. In 2026, its resale and rental market remains relatively liquid, typically priced below ultra-luxury neighbors such as Noble Ploenchit while still benefiting from a comparable CBD catchment.

• Resale price per unit (2026): 1-bedroom 34 sq.m. averages THB 5.8M
• Price per sq.m.: about THB 170,000 per sq.m. (commonly THB 155,000-185,000 depending on condition and floor)
• Average rent: 1-bedroom 34 sq.m. around THB 23,000 per month

Rental Yield (brief math): (23,000 x 12) = 276,000 THB per year. After a 5% allowance for vacancy and minor upkeep, net rent is ~262,200 THB. Yield = 262,200 - 5,800,000 = 4.52% p.a., a workable level for a central Bangkok location where entry prices are firm.

Capital Gain outlook: Assuming the Ratchathewi-Phaya Thai submarket grows at roughly 3% per year, a move from ~THB 160,000 per sq.m. in 2024 to ~THB 170,000 per sq.m. in 2026 implies about 6%-7% appreciation over two years. Key risk: new supply around Siam-Phaya Thai may cap rent growth even when resale prices inch up.