Serene Place Sukhumvit 24

Serene Place Sukhumvit 24 is a high-rise condominium located at 1/9 Sukhumvit 24, Khlong Tan, Khlong Toei, Bangkok 10110. The project sits in the Phrom Phong area, one of Bangkok's well-established residential neighborhoods, and is approximately 650 meters from BTS Phrom Phong Station. Nearby landmarks include Emporium, EmQuartier, and Benchasiri Park, making it suitable for both self-use and rental demand.

The condominium was completed around 1990 and was developed by Serene Place Condominium. It consists of 1 residential building, 8 storeys, with around 78 units in total. Unit types mainly include 2-bedroom and 3-bedroom layouts with relatively large usable space, which is a notable advantage compared with many newer condominiums in the same area. Parking is available within the project at a ratio considered suitable for the number of units.

Facilities include a swimming pool, fitness room, passenger lifts, and common area space. Security features include 24-hour security guards, CCTV, and key card access. A key strength of the project is its low-density atmosphere, privacy, and convenient access via Sukhumvit 24, with connections to Sukhumvit Road and Rama 4 Road.

For property management, the project is overseen by the condominium juristic person, responsible for common area maintenance and building operations. For comparison with another upscale Sukhumvit area condominium, you may also review Ivy Thonglor.

Serene Place Sukhumvit 24 in 2026 sits in a proven rental pocket of Phrom Phong-Sukhumvit 24, about 650 m from BTS Phrom Phong. Demand is driven mainly by expatriates and office workers around EmDistrict, so resale pricing tends to be stable with gradual upside rather than sharp jumps seen in new launches.

• Resale price per unit: 1-bed 55 sq.m. around THB 8.8 million
• Average selling price: THB 160,000 per sq.m. (typical range THB 145,000-175,000 per sq.m.)
• Average rent: THB 40,000 per month for 1-bed 55 sq.m. (about THB 727 per sq.m. per month)

Rental Yield 2026: quick method (40,000 x 12) minus 1-month vacancy = THB 440,000 net rent per year. With a purchase price of THB 8,800,000, Yield = 440,000 - 8,800,000 = 5.0% before common fees and taxes. This profile suits investors prioritizing steady cash flow.

Capital Gain: using an estimated 2024 average of ~THB 150,000 per sq.m. versus ~THB 160,000 per sq.m. in 2026 implies about +6.7% over two years (roughly 3.3% per year). Upside is supported by limited supply in Sukhumvit 24 and relative pricing versus nearby Thonglor-oriented projects that often trade at higher per-sq.m. levels, keeping appreciation potential realistic but moderate.