Circle Condominium

Circle Condominium is located at 1674 Makkasan, Ratchathewi, Bangkok 10400. This is a High Rise condominium in a central city location near Ploenchit and Asoke, with convenient access to Phetchaburi Road and the expressway. The project is close to Airport Rail Link Makkasan Station, around 650 meters away, and MRT Phetchaburi Station, around 800 meters away.

The development consists of 2 residential towers, with Building 1 at 43 floors and Building 2 at 53 floors, totaling around 917 units. Parking is available for about 80% of total units. Unit types include studio, 1-bedroom, 2-bedroom, 3-bedroom, and penthouse layouts, with sizes starting from about 46 - 462 square meters. This makes the project suitable for both owner-occupiers and investors targeting rental demand in the inner city.

Facilities include a swimming pool, fitness center, sauna, garden, library, playground, and several common relaxation areas. Security features include 24-hour security guards, CCTV, and key card access control. The project was completed around 2012, developed by Fragrant Property, and managed by the condominium juristic person.

From an investment and living perspective, the project stands out for its access to business districts, hospitals, and shopping destinations. It is especially attractive for buyers seeking relatively large unit sizes in the Ratchathewi area. For comparison with another upscale condominium project, see Ivy Thonglor.

Circle Condominium (Makkasan-Ratchathewi) in 2026 shows a steady resale market supported by its CBD-connector location and proximity to Airport Rail Link Makkasan Station (approx. 900 m). Demand is typically driven by tenants working around Asoke, Rama 9, and inner-city business zones, so pricing tends to rise gradually rather than spike like new launches.

• Resale price per unit: studio to 1-bed (30-45 sq.m.) around THB 4.2-6.8M.
• Average resale price per sq.m.: roughly THB 140,000-165,000, depending on floor, view, and unit condition.
• Average rent: about THB 18,000-30,000 per month, with well-furnished 1-bed units leasing faster.

Rental Yield (gross) example: a 35 sq.m. unit at THB 5.25M (THB 150,000 per sq.m.) rented at THB 22,000 per month generates THB 264,000 per year. Gross yield = 264,000 divided by 5,250,000 = 5.0% before common fees, vacancy, and leasing costs.

Capital gain view: with ongoing activity around Rama 9-Makkasan and newer nearby projects setting higher market anchors, a reasonable appreciation assumption is 2-4% per year, or about 6-12% over three years (the THB 5.25M example could move toward THB 5.6-5.9M). Key risks are competition from newer condos near rail lines and tenants negotiating harder in a price-sensitive rental market.