Prasanmit Condominium

Prasanmit Condominium

Sukhumvit 23 Alley, Sukhumvit Road, Khlong Tan Nuea Subdistrict, Watthana District, Bangkok, 10110

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Project Information

Project Type

Condo

EIA Permission

In Progress

Quantity

51 Unit

Completed

1985

Floor Plan

No information

Project Location

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Project Concept

Prasanmit Condominium is shaped by a practical design concept that fits the Asoke-Phrom Phong living corridor in Khlong Tan Nuea, an area where long-established residential pockets meet intense business activity. The project leans toward timeless simplicity, prioritizing daily usability and low-maintenance choices that work for both end-users and long-term rental demand.

The architectural expression focuses on clean lines and legible proportions. By avoiding overly complex facade treatments, the building aims to age well and remain visually relevant. Openings and unit planning emphasize natural light and cross-ventilation where possible, helping interiors feel less enclosed in a dense urban setting.

Common areas are conceived for privacy and order rather than spectacle. Entrance and circulation zones are kept compact and efficient, reducing wasted space while supporting security and a calm arrival experience. This suits residents who spend most of their day in the city and want a quieter, more settled atmosphere at home.

Material and color palettes stay neutral and durable, chosen for easy upkeep and a consistently clean look. Overall, the concept reflects a mid-Sukhumvit condominium character: value driven by location and functionality, with design decisions that remain steady instead of chasing short-term trends.

Project Highlights

Prasanmit Condominium is located in Khlong Tan Nuea, Watthana - a core inner-Bangkok neighborhood between Asok and Sukhumvit where offices, dining spots, and everyday services cluster. This positioning supports both end-users and rental investors, especially tenants who work in CBD areas or study nearby and prefer a practical city base.

  • Central connectivity with quick access to Sukhumvit, Asok, and Phetchaburi roads, making trips to Thonglor, Ekkamai, Phrom Phong, and Rama 9 straightforward.
  • Rail transit options near BTS Asok (approx. 1.4 km) and MRT Sukhumvit (approx. 1.5 km), helping reduce commute time and improving rental appeal.
  • Strong surrounding conveniences with cafes, convenience stores, clinics, and community hubs around Sukhumvit 23-31, supporting easy day-to-day living without long travel.
  • Distinct living atmosphere set within a residential soi, offering a calmer feel than main-road condos while staying close to the Asok core.

Compared with nearby projects such as Ivy Thonglor or Siri at Sukhumvit, this project stands out for its balanced mix of city-center proximity and a more residential setting - a combination that can help maintain steady tenant demand over time.

Description

Prasanmit Condominium is located in Khlong Tan Nuea, Watthana, Bangkok 10110, in the Asoke-Sukhumvit area near Sukhumvit 23 and Srinakharinwirot University, Prasarnmit Campus. The location offers convenient access to Sukhumvit Road, Asoke Montri Road, and Phetchaburi Road. It is also close to BTS Asok Station, approximately 900 meters away, and MRT Sukhumvit Station, approximately 900 meters away.

The project is a high-rise condominium, completed around 1985. It is understood to be a large residential building with 1 tower of approximately 16 floors. The total number of units and parking spaces could not be verified from publicly available sources. Unit types found in the resale market are mostly spacious layouts, typically ranging from 2 to 4 bedrooms, suitable for family living in a central Bangkok location.

Common facilities generally associated with the project include a lobby, swimming pool, fitness room, elevators, parking area, and shared relaxation spaces. Security features include 24-hour security guards and CCTV. Some details may vary depending on building renovations and management updates over time.

From a residential and investment perspective, the project stands out for its large unit sizes in an inner Sukhumvit neighborhood, close to offices, international schools, shopping destinations such as Terminal 21, EmQuartier, and Emporium, and key city amenities. The developer and current property management company could not be clearly confirmed from publicly accessible online sources.

Price Trend

Prasanmit Condominium (Khlong Tan Nuea, Watthana) in 2026 sits in the “inner-Sukhumvit, older-stock value” segment. Pricing is typically driven by usable space and renovation quality rather than brand-new facilities, making it practical for end-users and yield-focused investors.

  • Resale price (per unit): THB 2.60-3.20M for 35-45 sq.m units
  • Price per sq.m: roughly THB 75,000-90,000 (a common clearing level is around THB 82,000)
  • Average rent: THB 14,000-18,000 per month for 1-bedroom; renovated units lease faster

Rental Yield (worked example): assume a purchase at THB 3.00M and rent at THB 16,000 per month. Annual rent = 16,000 x 12 = THB 192,000. Gross yield = 192,000 - 3,000,000 = 6.4% p.a. (before common fees, maintenance, and vacancy).

Capital Gain outlook: due to building age and competition from newer Sukhumvit-Thonglor options (e.g., Ivy Thonglor, Siri at Sukhumvit), price appreciation is usually gradual. A reasonable expectation is 1-3% per year, with better liquidity when listing near THB 80,000-85,000 per sq.m and presenting strong unit condition.

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