Monterey Place

Monterey Place is a high-rise condominium located at 389 Khlong Toei, Khlong Toei, Bangkok 10110, in the Rama 4 area near Queen Sirikit National Convention Center and Sukhumvit. The project was completed in 1994 and developed by Monterey Place Co., Ltd. It is known for its relatively large unit sizes, making it suitable for both owner-occupiers and buyers seeking spacious residences in a central Bangkok location.

The project consists of 1 building with 25 floors and approximately 196 residential units, with parking available for residents. Unit types mainly include 2-bedroom, 3-bedroom, and large penthouse layouts. Usable areas are generally larger than many newer condominiums in the same neighborhood, which is one of the project’s key advantages.

Facilities include a swimming pool, fitness center, tennis court, garden, elevators, and common areas for relaxation. Security features include 24-hour security guards, CCTV, and controlled building access.

For transportation, the project is close to MRT Queen Sirikit National Convention Center Station, about 900 meters away, and MRT Khlong Toei Station, about 1.1 kilometers away. The surrounding area includes office buildings, international schools, and lifestyle destinations in Sukhumvit. For a nearby project, see Ivy Thonglor. The project management is handled by the condominium juristic person responsible for common area maintenance and resident services.

Monterey Place in Khlong Toei benefits from steady end-user and long-stay rental demand tied to the Rama 4-Sukhumvit CBD. In 2026, the resale market is expected to be stable with a mild upward bias, driven more by rental cashflow than speculative buying.

• Typical resale price per unit: THB 2.85-4.20M for about 30-45 sq.m.
• Average resale price per sq.m.: THB 95,000-120,000 (well-renovated units can reach ~125,000)
• Average rent: THB 14,000-22,000 per month (30-45 sq.m.)

Rental Yield (sample calculation) A 35 sq.m. unit priced at THB 3.30M rented at THB 17,000 per month generates THB 204,000 per year. Yield = 204,000 - 3,300,000 = 6.18% per year (gross, before common fees, taxes, and vacancy). A realistic gross range is ~4.8-6.2% depending on unit condition and tenant profile.

Capital Gain outlook Using nearby market behavior from projects such as Aspire Sukhumvit-Rama 4 and Siri at Sukhumvit as reference, 2026 price appreciation is likely modest at about 1-3% per year. For a THB 3-4M unit, that implies roughly THB 35,000-100,000 upside annually, with renovation quality and sustained occupancy being the key drivers.