The Room Sukhumvit 38

The Room Sukhumvit 38 is a high-rise condominium located at 99 Phra Khanong, Khlong Toei, Bangkok 10110, in Sukhumvit 38. The project is approximately 750 meters from BTS Thong Lo Station, offering convenient access to Sukhumvit Road, Rama IV Road, and the expressway. This location is suitable for both owner-occupiers and investors looking for property in the Thong Lo - Ekkamai area.

Developed by Land and Houses Public Company Limited, the project consists of 1 residential building with 26 floors and 229 units. Parking is provided for around 71% of total units. The project was completed in 2020. Unit types include 1-bedroom, 2-bedroom, 3-bedroom, and penthouse layouts, with a design focus on privacy and practical urban living.

Facilities include a lobby, saltwater swimming pool, fitness room, steam room, lounge, garden, meeting room, and common areas for daily use. Security features include access card control, CCTV, and 24-hour security guards. Project management follows the service standards associated with the Land and Houses group, which supports long-term building maintenance and resident confidence.

The surrounding atmosphere is one of the key strengths of the project, thanks to its proximity to Thong Lo and Phrom Phong lifestyle hubs, with restaurants, international schools, and shopping centers nearby. For a nearby condominium in a similar location, see Ivy Thonglor.

The Room Sukhumvit 38 remains a mid-to-upper Sukhumvit inner-area condo play in 2026, positioned between Thong Lo and Ekkamai. Access to transit is a key driver: BTS Thong Lo is about 1.2 km away, supporting steady rental demand from expats and CBD employees who prefer the Sukhumvit lifestyle but avoid peak pricing in prime Thong Lo towers.

• Resale price per unit: Typical 1-bedroom 45 sq.m. trades around THB 7.2M
• Average selling price per sq.m.: ~THB 160,000 (commonly THB 145,000-175,000 depending on floor, view, and renovation)
• Average rent: ~THB 30,000 per month (range THB 28,000-35,000 for 1-bedroom)

Rental Yield (2026): Using THB 30,000 per month, annual rent is THB 360,000. Divide by a THB 7,200,000 purchase price = ~5.0% gross yield (before common fees, vacancy, and taxes). This level is relatively attractive versus nearby Thong Lo projects where price per sq.m. is higher but rent does not rise proportionally.

Capital Gain outlook: If the project averaged ~THB 150,000 per sq.m. in 2024 and ~THB 160,000 per sq.m. in 2026, that implies ~6%-7% growth over two years (about 3% per year). Upside is supported by the inner Sukhumvit location, while short-term appreciation can be capped by resale competition from nearby projects such as Ivy Thonglor and Siri at Sukhumvit.