IVORY Ratchada 32

IVORY Ratchada 32 is a low-rise condominium located at 350/1-211 Chan Kasem, Chatuchak, Bangkok 10900. The project sits in the Ratchada-Lat Phrao area, offering convenient access to the city. It is approximately 1.8 km from MRT Lat Phrao Station and around 2 km from MRT Ratchadaphisek Station, making it suitable for both residential living and rental investment.

Developed by Ivory Property Co., Ltd., the project was completed in 2014. It consists of 1 residential building, 8 floors, with approximately 78 units. Parking space is available for around 30% of total units. Unit types mainly include 1-bedroom and 2-bedroom layouts, suitable for working professionals, couples, and long-term buyers.

Facilities include a swimming pool, fitness room, lobby, passenger elevator, garden, and common area for daily use. The security system features 24-hour security guards, CCTV, and key card access control.

The project is managed by the condominium juristic person to maintain common areas and the overall living environment. Nearby landmarks include the Criminal Court on Ratchadaphisek Road, Major Ratchayothin, Central Ladprao, and Chandrakasem Rajabhat University. Those looking for a nearby condominium may also explore Atmoz Ladprao 71.

IVORY Ratchada 32 sits in Chandrakasem (Ratchada 32), a practical rental pocket supported by office workers and students. The project is not right on a rail station, but it is within reach of MRT Lat Phrao at roughly 2.2 km, typically accessed by motorbike taxi or a short drive.

• 2026 resale price per unit: THB 1.55-2.10M for studio to 1-bed layouts (22-30 sq.m.)
• Average price per sq.m.: about THB 68,000-78,000, depending on floor, view, and condition
• Average rent: THB 8,500-11,500 per month, with fully furnished rooms leasing faster

Rental Yield (quick calculation, realistic assumptions): for a 26 sq.m. unit priced at THB 1.75M and rented at THB 10,000/month, assuming 1 month vacancy per year. Annual rent = 10,000 x 11 = THB 110,000. Gross yield = 110,000 ÷ 1,750,000 = 6.29% per year. This is relatively attractive versus nearby newer developments where entry prices per sq.m. are higher, compressing yields.

Capital gain outlook for 2026 is moderate rather than speculative. Based on typical neighborhood movements in 2024-2025, a 1-3% annual price increase is a reasonable base case. That implies potential appreciation of roughly THB 60,000-120,000 per unit over 12 months, mainly achievable when buying below market and improving room condition. Overall, the project fits a “rent-first” strategy more than short-term flipping.