Pearl Residences Sukhumvit 24

Pearl Residence Sukhumvit 24 is located at 99 Soi Methinivet, Khlong Tan, Khlong Toei, Bangkok. This is a low-rise condominium developed by Pearl Property Development and completed around 2012. The project consists of 1 building, 8 floors, and approximately 79 residential units, with around 60 parking spaces. It is suitable for residents seeking privacy in the Phrom Phong area, where low-density residential projects remain in demand.

Unit types mainly include 1-bedroom, 2-bedroom, 3-bedroom, and penthouse layouts. The units are relatively spacious compared with many nearby condominiums, making the project appealing for both owner-occupiers and rental investment, especially among expatriate tenants. The project is about 900 meters from BTS Phrom Phong Station and close to major lifestyle destinations such as Emporium, EmQuartier, and Benchasiri Park.

Facilities include a swimming pool, fitness room, lobby, passenger lift, and parking area. Security features include 24-hour security guards, CCTV, and key card access. The property is managed under standard condominium juristic management. One of the project’s strengths is its location, with convenient access to Sukhumvit 24, Sukhumvit Road, and Rama 4 Road. Nearby projects in a similar upper-Sukhumvit market include Ivy Thonglor.

Pearl Residence Sukhumvit 24 (Soi Metheenivet, Khlong Tan, Khlong Toei) shows resilient 2026 pricing supported by the Phrom Phong CBD rental base. The project is about 900 m from BTS Phrom Phong and benefits from the EmQuartier-EmSphere lifestyle cluster, which helps keep occupancy relatively stable.

• Resale price per unit: 1-bedroom 35 sq.m typically THB 7.0-7.6M (example THB 7.3M)
• Price per sq.m: around THB 195,000-220,000 (example 7.3M - 35 = THB 208,600 per sq.m)
• Average rent: THB 30,000-38,000 per month (example THB 34,000)

2026 Rental Yield (quick method): annual rent minus vacancy buffer and recurring costs, divided by purchase price. Example: 34,000 x 12 = 408,000. Less 5% vacancy = 387,600. Less estimated common fees ~24,000 per year = 363,600. Yield = 363,600 - 7,300,000 = 4.98% p.a. (pre-tax).

Capital gain view: If 2024 trading levels were roughly THB 185,000-200,000 per sq.m, moving to THB 205,000-220,000 in 2026 implies about 6-12% uplift over two years. Upside is tied to limited new supply in Sukhumvit 24, while key risks are rent competition from newer condos and the need for periodic unit upgrades to defend achievable rents.