The Address Phaya Thai

The Address Phayathai is located at 489 Thung Phaya Thai, Ratchathewi, Bangkok 10400. This is a High Rise condominium in a prime inner-city location near Phaya Thai intersection and the Ratchathewi area, offering convenient access to transportation and urban lifestyle destinations. The project consists of 1 residential building with 35 floors and approximately 152 units, with parking for around 70% of total units, making it suitable for both owner-occupiers and investors seeking rental demand.

Unit types include 1-bedroom, 2-bedroom, and penthouse layouts. The room designs focus on practical and well-proportioned living space for city residents. Facilities include a swimming pool, fitness center, sauna, garden area, lobby, and passenger lifts. The security system includes 24-hour security guards, CCTV, and key card access control.

The project was completed in 2012 and developed by AP Thailand Public Company Limited. Building management follows upper-tier condominium standards in Bangkok. The location is close to BTS Phaya Thai Station, about 200 meters away, and Airport Rail Link Phaya Thai Station, about 250 meters away, allowing convenient travel to the city center, airport, and major business districts. Nearby landmarks include Phyathai 1 Hospital, King Power Rangnam, and Siam Paragon. For a nearby project, see Villa Rachatewi.

The Address Phayathai in Ratchathewi shows a stable 2026 resale and rental profile, supported by inner-city accessibility. The project is about 600 m from BTS Phaya Thai and around 650 m from Airport Rail Link Phaya Thai, helping maintain consistent demand from office workers and long-stay tenants.

• Resale price per unit: Typical 1-bed 35 sq.m. averages THB 6.3M
• Price per sq.m.: ~THB 180,000 per sq.m. (commonly THB 165,000-200,000 depending on floor and condition)
• Average rent: THB 25,000 per month for 35 sq.m. (often THB 23,000-28,000)
• Rental Yield: (25,000x12) - 6.3M = 300,000 - 6,300,000 = 4.76% p.a. (before common fees and taxes)

Capital gain view: With the Phaya Thai-Ratchathewi condo market typically appreciating at a gradual pace, a reasonable base case is 2-4% annual growth. For the THB 6.3M example, that implies a potential 2026 value of ~THB 6.43-6.55M (gain ~THB 0.13-0.25M). Upside is driven by CBD connectivity and newer nearby launches priced higher, while downside risk comes from competition with premium nearby options such as Villa Rachatewi and The Address Chidlom, which can capture higher-budget tenants.