Motive Condo Chaengwattana

Motive Condo Chaengwattana is a low-rise condominium located at 99/169 Yaek 3, Thung Song Hong, Lak Si, Bangkok 10210. The project is positioned in a convenient Chaengwattana area near government offices, making it suitable for both owner-occupiers and rental investors seeking demand from office workers and public sector employees.

The development consists of 1 residential building, 8 storeys high, with approximately 79 units and resident parking spaces. Unit types mainly include studio and 1-bedroom layouts, designed for practical urban living and affordable entry into the Chaengwattana condominium market.

Facilities include a lobby, passenger lift, parking area, and standard common facilities for a low-rise residence. Security systems include CCTV, security guards, and controlled building access for residents.

The project was completed around 2014 and developed by Motive Development Co., Ltd. Publicly available sources do not clearly specify the current property management company. In terms of connectivity, the project offers convenient access to Chaengwattana Road, Vibhavadi Rangsit Road, and Don Mueang Airport. It is also located about 3.5 km from Lak Si Station on the SRT Red Line and about 2.2 km from National Telecom Station on the MRT Pink Line.

For nearby project comparison, you may also consider Knightsbridge Phaholyothin - Interchange.

Motive Condo Chaengwattana in the Thung Song Hong-Lak Si area shows a steady, market-driven performance in 2026. Demand is supported by tenants working around Chaengwattana Government Complex and the Don Mueang corridor. Nearby competitors such as Plum Condo Chaengwattana Station and Lumpini Ville Ramindra-Lak si keep resale pricing disciplined, so units that close quickly are typically those aligned with prevailing comparables.

• Resale price per unit: 1-bedroom 28-32 sq.m. averages THB 1.55-1.85M
• Average price per sq.m.: roughly THB 55,000-62,000 (depends on floor and condition)
• Average rent: THB 7,500-9,000 per month for 1-bedroom

Rental Yield example (gross): buy at THB 1.70M and rent at THB 8,500 per month. Annual rent = 8,500 x 12 = THB 102,000. Gross yield = 102,000 / 1,700,000 = 6.0% per year (before common fees, taxes, and vacancy).

Capital gain view: using a conservative 2-3% annual appreciation, a THB 1.70M unit could reach about THB 1.77-1.80M within two years, implying THB 70,000-100,000 upside. The key risk is supply pressure from similarly priced condos in Chaengwattana; heavy overlapping listings can cap price growth and extend selling time.