The Address Sukhumvit 28

The Address Sukhumvit 28 is a high-rise condominium located at 1 Khlong Tan, Khlong Toei, Bangkok 10110, in Sukhumvit 28. The project sits in a prime inner Sukhumvit location with convenient access to Sukhumvit Road and the Phrom Phong area. It is approximately 250 meters from BTS Phrom Phong, making it suitable for both residential living and rental investment.

Developed by AP Thailand and completed in 2010, the project consists of 1 building, 31 floors, and around 246 residential units. Parking is available for approximately 70 percent of the total units. Unit types include 1-bedroom, 2-bedroom, and penthouse layouts, designed to support urban living with practical use of space and a good level of privacy.

Facilities include a swimming pool, fitness center, sauna, garden, lobby, and passenger lifts. The security system features 24-hour security, CCTV, key card access, and on-site building staff. The common area is managed by the condominium juristic management team to maintain order and service quality.

A key advantage of the project is its location in Sukhumvit 28, within easy reach of Emporium, EmQuartier, and Benchasiri Park. The surrounding area is filled with restaurants, office buildings, and leading hospitals. A nearby reference project is Ivy Thonglor.

The Address Sukhumvit 28 sits in the Phrom Phong-Asok pocket where office demand and lifestyle amenities keep both resale and rental markets active. In 2026, pricing is expected to stay firm with a gradual upside, driven mainly by move-in-ready units and investor demand. Transit is a key support: BTS Phrom Phong is about 650 m away, and BTS Asok about 1.3 km.

• Resale price per unit (2026): 1-bedroom, 45 sq.m. averages THB 8.1M
• Price per sq.m.: about THB 180,000 (commonly THB 165,000-200,000)
• Average rent: THB 35,000 per month for a 45 sq.m. 1-bedroom

Rental Yield (with a simple, realistic calc): (35,000 x 12) = 420,000 THB/year. After a 5% allowance for minor upkeep and vacancy, net rent is ~399,000 THB/year. Yield = 399,000 / 8,100,000 = 4.9% per year. This is relatively attractive compared with higher-priced nearby projects where yields are often compressed by higher entry prices.

Capital Gain outlook: Using a conservative 2-4% annual appreciation assumption based on recent market behavior, the potential value uplift in 2026 is around +THB 160,000 to +THB 320,000 per year on an THB 8.1M unit. Key risk: rental competition from newer supply along Rama 4 could soften achievable rents in some periods. However, the Phrom Phong location typically retains stronger demand from expats and corporate tenants, supporting both occupancy and resale liquidity.