The Green III Condominium

The Green III Condominium

8 Soi Punnawitthi 21 Sukhumvit 101 Alley, Sukhumvit Road, Bang Chak Subdistrict, Phra Khanong District, Bangkok, 10260

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Project Type

Condo

EIA Permission

In Progress

Quantity

157 Unit

Completed

2014

Floor Plan

No information

Project Location

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Project Concept

The Green III Condominium is shaped by a “green home in the city” design idea, fitting a residential pocket like Soi Punnawithi 21. The project aims to feel calmer than main-road developments, while still staying connected to the Sukhumvit corridor. Its overall massing is kept simple and airy, with building placement intended to capture natural light and ventilation- a practical response to Bangkok’s climate.

The core concept is to bring greenery into everyday living. Landscaped pockets and resting areas work as a soft buffer between the street and private interiors, reducing the hard feel of concrete and improving the sense of arrival. Natural, low-maintenance tones and materials are emphasized to support long-term durability- important for a condominium that must age well and remain easy to manage.

For lifestyle planning, common spaces are designed to be functional rather than flashy, supporting daily relaxation and light work. Circulation is kept straightforward to reduce wasted corners and make the project easy to navigate. From an investor’s perspective, proximity to BTS Punnawithi (around 1.2 km) strengthens rental potential among professionals working along Lower Sukhumvit, while the inner-soi setting offers a quieter atmosphere compared with projects fronting major roads.

Project Highlights

The Green III Condominium is located in Soi Punnawithi 21, Bang Chak-Phra Khanong. The setting benefits from a residential side-street atmosphere while staying well connected to Sukhumvit Road and the Punnawithi area. This balance makes it suitable for both owner-occupiers and long-term rental demand along the outer Sukhumvit corridor.

  • Quiet, livable micro-location A calmer environment away from the main road, with everyday eateries and local services within the Punnawithi neighborhood.
  • BTS accessibility Approximately 1.6 km to BTS Punnawithi and about 1.8 km to BTS Bang Chak, offering flexible commuting options depending on your destination.
  • Convenient reach to key zones Easy movement toward Udom Suk and Bang Na, appealing to tenants working along Sukhumvit and those prioritizing rail access with manageable budgets.
  • Value-driven positioning Compared with station-adjacent projects such as Whizdom Punnawithi Station or newer developments around Sukhumvit 89, this project often stands out for practical pricing per usable area and a more private feel, supporting a steady long-term rental strategy.

Description

The Green III Condominium is located at 8 Soi Punnawithi 21, Bang Chak, Phra Khanong, Bangkok 10260. This is a Low Rise condominium in a residential pocket off Sukhumvit Road, offering convenient access to BTS Punnawithi Station at approximately 1.1 kilometers from the project.

The project consists of 1 residential building with 8 floors and around 93 units in total. Parking spaces are available for residents. Unit types mainly include studio, 1-bedroom, and 2-bedroom layouts, suitable for both end-users and tenants working in the Sukhumvit and Bang Na areas.

Facilities include a swimming pool, fitness room, garden, elevator, parking area, and common area amenities for everyday living. The security system includes CCTV, key card access, and security guards, supporting a comfortable and secure residential environment.

The project was completed in 2014 and developed by Green Park Property Co., Ltd. Property management is handled under standard condominium juristic management. Its key advantage is a quieter neighborhood atmosphere while still maintaining easy access to the city and nearby business zones, making it attractive for both self-living and rental investment.

Nearby project: Aspire Sukhumvit-Rama 4

Price Trend

The Green III Condominium (Soi Punnawithi 21) benefits from the BTS Sukhumvit line demand. In 2026, it remains an “inner-soi value” option, about 1.3 km from BTS Punnawithi and around 1.6 km from BTS Bang Chak, with rental pull from True Digital Park and offices along the outer Sukhumvit corridor.

  • Resale price per unit (studio-1BR, 28-35 sq.m.): approx. THB 1.55-2.25M
  • Average resale price per sq.m.: about THB 58,000-70,000
  • Average rent: THB 7,500-10,500 per month (floor, condition, furniture)

Rental Yield example (simple): a 30 sq.m. unit at THB 1.80M rented at THB 9,000 per month generates THB 108,000 per year. Yield = 108,000 ÷ 1,800,000 = 6.0% p.a. (before common fees and taxes).

Capital gain outlook for 2026: price growth is typically slower than station-front projects such as Whizdom Punnawithi Station, but the lower entry price supports liquidity. A realistic appreciation range is about 2-4% per year, assuming normal market conditions and a well-maintained unit. Competition from newer nearby condos (e.g., blue Sukhumvit 89, The Excel Hideaway Sukhumvit 50) may cap upside, so investors should prioritize units with strong rental appeal and easy access to BTS.

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