The Prop Condominium

The Prop Condominium

9/99 Yaek 4 Chaeng Watthana 12 Alley, Chaeng Watthana Road, Thung Song Hong Subdistrict, Lak Si District, Bangkok, 10210

Sell4Listing

Rent0Listing

Project Type

Condo Low Rise

Land Size

2 Rai1 Ngan39 Sq.wa

EIA Permission

approved

Quantity

8 Floor 2 Building 315 Unit

Parking

102 Parking

Completed

2018

Developed By

The Rise Property

Floor Plan

No information

Project Location

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Nearby Locations

Project Concept

The Prop Condominium is shaped by a practical design idea: “comfortable living in a work-centric district.” Located in Thung Song Hong-Lak Si, surrounded by government offices and key corridors such as Vibhavadi Rangsit and the Don Mueang area, the project prioritizes day-to-day efficiency over flashy aesthetics.

Architecturally, the concept leans toward clean lines, bright palettes, and a building massing that aims to bring in natural light and reduce dead corners. This approach makes units feel airy and maximizes usable space, a key factor for both end-users and rental investors. In this neighborhood, tenants often value a room that looks bright, tidy, and easy to furnish more than decorative complexity.

Common areas are planned as “everyday pause points” rather than ceremonial spaces. Circulation is kept straightforward, unit privacy is emphasized, and the overall ambience is intended to stay calm thanks to its position within a smaller sub-soi (Soi Yaek 4), which can help soften noise compared with main-road frontage.

Functionally, the project communicates a low-maintenance lifestyle. Material choices and detailing are geared toward durability and easier upkeep, supporting long-term occupancy and helping owners forecast post-purchase costs more confidently.

Project Highlights

The Prop Condominium is located in Thung Song Hong, Lak Si - a practical residential pocket in northern Bangkok with easy connections to Chaeng Watthana, Vibhavadi Rangsit, and Don Mueang. This positioning suits both end-users and investors targeting rental demand from government officers, office workers, and frequent airport commuters.

  • Work-and-life catchment The Lak Si - Chaeng Watthana area is supported by major employment nodes such as the Government Complex and surrounding service corridors, creating steady daily demand.
  • Flexible road connectivity Convenient access to Chaeng Watthana, Vibhavadi, and Phahonyothin roads supports driving and ride-hailing. (No verified BTS or MRT distance is provided in the given data, so it is not stated.)
  • Quieter setting than main-road condos A soi location typically reduces traffic noise and dust, making it more comfortable for long-term living.
  • Investor angle The neighborhood hosts multiple competing condos such as Knightsbridge Phaholyothin - Interchange and Origin Place Chaengwattana, indicating an active rental market. Positioning a unit with livability and privacy can help differentiate.

Overall, it is a northern Bangkok condo option emphasizing everyday convenience with a more private atmosphere.

Description

The Prop Condominium is located at 9/99 Yaek 4, Thung Song Hong, Lak Si, Bangkok 10210. This is a low-rise condominium in the Lak Si - Chaeng Watthana area, offering convenient access to Vibhavadi Rangsit Road, Chaeng Watthana Road, and nearby government offices.

The project consists of 1 residential building, 8 storeys high, with approximately 79 units and on-site parking spaces. Unit types mainly include studio and 1-bedroom layouts, suitable for both owner-occupiers and rental investors targeting office workers and employees in nearby government complexes.

Facilities include a lobby, passenger lift, parking area, and basic common areas. Security systems include key card access, CCTV, and security personnel. The project was completed around 2014. However, publicly verified information regarding the developer and property management company is not clearly available, so buyers should confirm details with the juristic office before making a decision.

In terms of location, the project is close to the SRT Red Line, including Lak Si Station and Thung Song Hong Station, as well as Chaeng Watthana Government Complex, IT Square Lak Si, and Don Mueang Airport. This makes it an interesting option for both residential buyers and investors looking for a condominium in northern Bangkok. A nearby project for comparison is Knightsbridge Phaholyothin - Interchange.

Price Trend

The Prop Condominium in Thung Song Hong-Lak Si sits in a demand pocket supported by office workers around Chaengwattana-Vibhavadi. In 2026, pricing is expected to move steadily rather than spike, as nearby new supply (e.g., Origin Place Chaengwattana, The Origin Phahol 57) keeps resale competition high.

  • 2026 resale price per unit: Studio to 1-bedroom, 26-30 sq.m., typically THB 1.70-2.10M
  • Price per sq.m.: around THB 65,000-75,000, with furnished mid-high floors achieving the upper band
  • Average rent: about THB 8,500-10,500/month for 26-30 sq.m.

Rental Yield (2026, simple example): Buy at THB 1.85M and rent at THB 9,500/month. Annual rent = 9,500 x 12 = 114,000. Yield = 114,000 / 1,850,000 = 6.16% p.a. (before common fees, taxes, and vacancy).

Capital Gain outlook: With new projects adding choices in Lak Si-Chaengwattana, a realistic appreciation range is 2-4% p.a.. That implies roughly +THB 70k to +150k over 1-2 years for small units, assuming good condition and stable occupancy.

Facilities

Lobby
Swimming Pool
Fitness
Garden
Shower Room
No. of Parking Space
Elevator
Fire Safety System
Internet Wifi
Security system
Entrance & Exit  Access Key Card
CCTV system
Security Guard: 24 hours service

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