Siamese Surawong

Siamese Surawong is located at 75 Sap Road, Si Phraya, Bang Rak, Bangkok 10500. This is a High Rise condominium in the Surawong - Si Phraya area, close to Silom and Samyan business districts. The project offers convenient access via Rama IV Road, Surawong Road, and nearby expressways. It is approximately 700 meters from MRT Sam Yan Station and about 1.4 kilometers from BTS Sala Daeng Station.

The project was developed by Siamese Asset Co., Ltd. It consists of 1 residential building with 20 floors and around 206 units, with approximately 70 parking spaces. Unit types include 1-bedroom, 2-bedroom, and penthouse layouts, suitable for urban living and rental investment in the CBD area.

Facilities include a lobby, swimming pool, fitness center, garden, common sitting area, and passenger lifts. The security system features 24-hour security guards, CCTV, key card access, and controlled building entry. The project was completed around 2011 and is managed by the condominium juristic person, responsible for maintaining common areas and overall building order.

The main strength of the project is its central location in a well-established neighborhood with strong connections to business and lifestyle destinations. Nearby landmarks include Chamchuri Square, Samyan Mitrtown, Bangkok Christian Hospital, and Assumption College, making it suitable for both owner-occupiers and investors seeking rental demand in a prime city location.

Siamese Surawong (Soi Sap, Si Phraya, Bang Rak) in 2026 is positioned for steady end-user and rental demand driven by the Silom-Sathorn office cluster. The project is about 1.6 km from BTS Chong Nonsi and about 1.2 km from MRT Sam Yan, supporting consistent leasing, while resale prices still face competition from other CBD condos.

• Resale price per unit (1-bed, 30 sq.m.): THB 4.20-4.60M
• Average price: THB 140,000-155,000 per sq.m.
• Average rent: THB 18,000-22,000 per month (around THB 20,000 typical)

Rental Yield (quick math): annual rent = 20,000 x 12 = THB 240,000. Using a THB 4.40M purchase price, yield = 240,000 ÷ 4,400,000 = 5.45% per year (before common fees, taxes, and vacancy). This is relatively attractive for a CBD-adjacent unit with commuter-friendly access.

Capital gain outlook: assuming a gradual CBD price appreciation of about 2-4% per year for 2026-2028, that implies roughly THB 90,000-180,000 per year on a THB 4.5M unit. Upside comes from higher replacement costs and limited prime land, while key risks are rental competition from nearby projects and renovated second-hand units that can pressure achievable rents and resale pricing.