Siamese Gioia

Siamese Gioia is a low-rise condominium located at 98/1 Khlong Tan Nuea, Watthana, Bangkok 10110, in Sukhumvit 31. The project sits in a prime residential area between Phrom Phong and Asok, surrounded by lifestyle destinations and business hubs in inner Sukhumvit. It was completed around 2012 and developed by Siamese Asset Public Company Limited.

The project consists of 2 buildings, each 7 storeys high, with approximately 168 residential units and around 100 parking spaces. Unit types include 1-bedroom, 2-bedroom, 3-bedroom, and penthouse layouts, with usable areas starting from about 34 square meters. This makes the project suitable for both owner-occupiers and rental investors seeking demand in central Sukhumvit.

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

In terms of transportation, the project is about 1.4 kilometers from BTS Phrom Phong and about 1.8 kilometers from BTS Asok. It offers convenient access to Sukhumvit Road, Sukhumvit 39, Sukhumvit 49, and Phetchaburi Road. Nearby landmarks include EmQuartier, Emporium, Terminal 21, Samitivej Sukhumvit Hospital, and several international schools. The property is managed by the condominium juristic person responsible for common area operations and overall maintenance.

Siamese Gioia is located in Khlong Tan Nuea, Watthana, within the Ekkamai-Thonglor residential zone. For rail transit, BTS Thong Lo is about 1.7 km away, keeping the project connected to Sukhumvit while typically pricing below prime, main-road condos such as Ivy Thonglor or Siri at Sukhumvit.

• Resale price per unit (2026): 1-bed 30-35 sq.m. averages THB 4.5-5.5M
• Price per sq.m.: typically THB 150,000-170,000 per sq.m. (best-condition units can reach ~THB 180,000 per sq.m.)
• Average rent: 1-bed THB 22,000-28,000 per month on 12-month leases

Rental Yield (2026): Example 32 sq.m. unit priced at THB 5.0M, rented at THB 25,000 per month. Annual rent = 25,000 x 12 = THB 300,000. Yield = 300,000 ÷ 5,000,000 = 6.0% (before common fees, taxes, and vacancy).

Capital Gain outlook: With rental demand supported by expats and professionals in the Ekkamai-Thonglor area, and limited new supply deep inside side streets, a realistic price appreciation range is 2-4% per year for well-maintained units. However, actual gains depend heavily on entry price and how competitively the unit is priced versus nearby resale listings.