The Key MRT Phetkasem 48

The Key MRT Phetkasem 48 is a high-rise condominium located at 222 Bang Wa, Phasi Charoen, Bangkok 10160. The project was developed by Land and Houses Public Company Limited and completed around 2020. It sits directly on Phetkasem Road, next to MRT Phetkasem 48 Station at approximately 0 meters from the project entrance, with convenient access to BTS Bang Wa. This location is suitable for both owner-occupiers and investors looking for rental demand in the Thonburi area.

The development consists of 1 residential building, 30 storeys high, with 639 units and approximately 278 parking spaces. Unit types include 1-bedroom layouts of about 30 - 38 sq.m. and 2-bedroom layouts of about 54 - 61 sq.m. The design focuses on practical urban living with open views over the Phetkasem and Bang Wa neighborhood.

Facilities include a lobby, swimming pool, fitness room, garden, multi-purpose room, and common areas for relaxing or working. The security system includes key card access, CCTV, and 24-hour security guards. Project management is handled under condominium juristic person standards.

For nearby alternatives, you may also view The Parkland Phetkasem 56.

The Key MRT Phetkasem 48 (Bang Wa, Phasi Charoen) remains a practical “rail-linked” condo play in 2026: entry prices are still moderate versus the Thaphra-Taksin corridor, while rental demand is supported by commuters and nearby medical and education nodes. The project is about 450 m from MRT Phetkasem 48, which helps leasing velocity.

• Resale price per unit: Studio to 1-bed (26-30 sq.m) typically 2.25-2.75 MB.
• Price per sq.m: around 85,000-98,000 THB per sq.m for well-kept mid-floor units.
• Average rent: about 10,500-13,500 THB per month for a furnished 1-bed near the station.

Rental Yield 2026 (quick math): assume a 28 sq.m 1-bed bought at 2.45 MB and rented at 12,000 THB month. Annual rent = 12,000 x 12 = 144,000 THB. Gross yield = 144,000 - 2,450,000 = 5.88% before common fees, vacancy, and taxes. This level is generally competitive against nearby Parkland projects and some Ideo options, where per-sq.m pricing can be higher around interchange areas.

Capital Gain view: price growth is likely steady rather than aggressive, estimated 2-4% per year for units with strong station proximity and move-in-ready condition. Key risk is abundant supply on the Thonburi side; investors should prioritize liquid layouts (mid-size 1-bed), keep resale pricing within the 98,000 THB per sq.m band, and focus on tenant-ready furnishing to protect occupancy and exitability.