The Address Sathorn

The Address Sathorn is located at 98 Silom, Bang Rak, Bangkok 10500. This is a High Rise condominium in the Sathorn-Silom CBD area, suitable for both owner-occupiers and investors seeking rental demand from working professionals. The project was developed by AP Thailand Public Company Limited and completed in 2011.

The condominium consists of 1 building with 40 floors and approximately 562 residential units. Parking space is available for around 60% of total units. Unit types include 1-bedroom, 2-bedroom, and penthouse layouts, serving different lifestyle needs. A key location advantage is its proximity to BTS Chong Nonsi, about 450 meters away, and BTS Surasak, about 500 meters away, allowing convenient access to Sathorn, Silom, and Naradhiwas Rajanagarindra Road.

Facilities include a lobby, swimming pool, fitness center, garden, sauna, passenger elevators, and common recreation areas. Security features include 24-hour security guards, CCTV, and key card access control. The property is managed by the condominium juristic person, helping maintain common areas and overall building standards.

Nearby landmarks include office buildings, restaurants, BNH Hospital, Saint Louis Hospital, and Bangkok Christian College. The location also offers easy connections to Rama IV Road and the Chao Phraya riverside zone. For a nearby project, see Bangkok Feliz Krungthonburi Station.

The Address Sathorn (Silom-Bang Rak) in 2026 trades like a mature CBD condo: price growth is steady rather than explosive, while rental demand is supported by office clusters in Silom-Sathorn. Key transit access includes BTS Chong Nonsi at ~900 m and BTS Sala Daeng at ~1.1 km.

• Resale price per unit (2026 market check): 1-bedroom, 45 sq.m. around THB 8.1M
• Price per sq.m.: average ~THB 180,000 (typical range THB 165,000-205,000 depending on floor, view, and condition)
• Average rent: THB 32,000 per month for a 1-bedroom 45 sq.m. (range THB 28,000-38,000)

Rental Yield (simple calculation): annual rent = 32,000 x 12 = THB 384,000. Yield = 384,000 divided by 8,100,000 = 4.74% per year (before common fees and taxes). This is relatively competitive for the Sathorn-Silom area, where typical yields often sit around 3.8%-5.0% depending on unit size and tenant profile.

Capital Gain view: if the project averaged ~THB 170,000 per sq.m. in 2024 and ~THB 180,000 per sq.m. in 2026, that implies a +5.9% increase over two years, or roughly +2.9% per year. The pattern suggests a defensive, income-oriented asset rather than a short-term speculative play, with upside mainly driven by well-maintained units and strong leasing execution.