Rama 9: A new business and leisure district
The new Central Business District of Bangkok
Rama 9, also known as "Phra Ram 9" to some, offers one of the most desirable and eclectic lifestyles that Bangkok has to offer. Positioned as potentially the largest new city in Bangkok, it strikes a balance between business, lifestyle, and leisure. This area holds a prominent position as one of the top residential and property investment prospects in the capital. What makes this area interesting? Let's find out!
Introduction to Rama 9
Rama 9 is a thriving neighborhood known for its blend of cultural traditions and contemporary developments. Gradually evolving into a bustling business ecosystem, it boasts significant commercial development, particularly notable for the presence of Chinese-owned establishments and the expansion of local and international business headquarters.
The History of Rama 9
Rama 9 is a lively neighborhood, always bustling with excitement and activity. In the past, it was known as a renowned entertainment hub. In the year 2004, the underground train (MRT) began operating with a station named "Phra Ram 9", making transportation more convenient. This led to the area's increasing popularity and transformation into an economic hotspot, particularly along Ratchadaphisek Road.
Consequently, the area has become a gathering place for office workers. To accommodate the growing population, numerous condominium real estate projects were developed. Furthermore, the proximity of the Thai stock exchange and the presence of the Chinese Embassy near the MRT station have further contributed to the area's economic significance. Thus, Rama 9 has emerged as a thriving economic hub.
What makes Rama 9 Special?
- This bustling area fosters a well-connected community, catering to both locals and expats. Commuters enjoy a multitude of transportation options, granting easy access to downtown Sukhumvit as well as connectivity to the northern and southern districts of the city.
- Notably, key business operations, like The Stock Exchange of Thailand, located beside the AIA Capital Center Building and G Tower, have shifted their focus to Ratchadaphisek Road.
- The rising popularity of the Rama 9 area is not just attributed to its status as a business hotspot, but also to the completion and recent launch of several high-quality Condo Projects.
- This area also appeals to health enthusiasts due to the presence of the expansive public park, "Suanluang Rama 9," and the renowned private hospitals, namely "Rama 9 Hospital." Refreshingly, it offers a diverse array of restaurants, cafes, and eateries, complemented by bustling markets and a variety of street foods. Consequently, the area has become a popular and trendy hangout destination.
Exploring the Rama 9 area
Night life
The Rama 9 area is renowned as a 'one-stop experience of nightlife' and boasts one of Bangkok's most popular attractions.
Royal City Avenue (RCA) provides the largest entertainment venue for experiencing Bangkok's vibrant nightlife.
This area is home to some of the best bars and clubs, including Route 66, Onyx, and Live RCA.
Shopping Malls
This area includes the Rama 9 Mall, with prominent examples such as Central Rama 9, Fortune Town (located in Rama 9), and Esplanade Ratchada, along with The Street Ratchada (located next to Thailand Cultural Center).
These locations offer an abundance of shops, restaurants, cafes, and fashion outlets, providing opportunities to dine, relax, and shop for clothing, fashion accessories, gadgets, home appliances, décor, books, as well as beauty salons and spas.
The large public park
If you ever feel bored and crave something refreshing to rejuvenate your mind, we highly recommend a visit to Suan Luang Rama IX (Suanluang Rama 9), the largest public park in Bangkok. This lush oasis offers an extensive property adorned with picturesque pavilions, a sizable lake, and sprawling flower gardens, making it an ideal destination for those seeking tranquility amid nature. The park is particularly enchanting during the winter months, from late November to early December, when the weather is dry and cooler. Alternatively, feel free to visit at your convenience. Moreover, the park hosts local food markets, ensuring that you can savor delectable local delicacies whenever hunger strikes.
Medical Service
In the Rama 9 area, for those seeking specialized healthcare in Bangkok, Praram 9 Hospital, also known as "Rama 9 Hospital," is an excellent choice. It is a sizable 16-story medical facility spanning over six acres. The hospital is committed to becoming the most trusted healthcare provider, aiming to deliver valuable, high-quality, and dependable medical services in line with international standards akin to leading healthcare institutions worldwide.
Getting to Rama 9
The Rama 9 area is accessible via a road spanning approximately 9 kilometers, starting at the Rama 9 intersection of Ratchadaphisek Road and Asoke-Din Daeng Road. Continuing east, it intersects with Pradit Manutham Road and Ramkhamhaeng Road in the Bang Kapi area. Ultimately, the road leads to the Srinakarin Road intersection, linking up with the motorway, creating a seamless car route.
To bypass the traffic congestion, you can conveniently reach the malls in the Rama 9 area via the MRT station named "Phra Ram 9 station" or "Rama 9 MRT." This station facilitates easy access to Fortune Town and G-Land developments located near the road junction of the same name, where Din Daeng, Asok-Din Daeng, Ratchadaphisek, and Rama IX roads converge.
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Future
The Rama 9 area is witnessing a surge in real estate developments, particularly in the form of numerous condominiums that continue to dominate the landscape. Notably, the introduction of a mixed-use project by the Central group is expected to establish the area as the new business center, thereby piquing the interest of potential investors. Consequently, it is anticipated that various developments will unfold within a short period, contributing to a significant annual escalation in the area's property prices.
Presently, the land prices in the Rama 9 area have escalated to 200,000 – 300,000 THB per square meter (Information sourced from the Treasury Department).
Recommend residences in Rama IX area
Rise Rama 9
Rise, a condo project developed by Rise Estate Co., Ltd., presents 8 floors of units, featuring 1 to 2-bedroom options. Conveniently situated in Bang Kapi, Huai Khwang, this condominium offers comprehensive facilities, including CCTV, security, a garden, parking, and a swimming pool.
The selling price starts from 2,400,000 THB, with rental options available from 10,000 THB per month.
Aspire Rama 9
Aspire Rama 9, a condo project developed by AP (Thailand) Public Company Limited and completed in 2014, stands as a high-rise condominium spanning 23 floors and comprising a total of 663 units. The units range from 1-bedroom to 2-bedroom layouts. Located in the Huai Khwang area, it enjoys close proximity to the MRT Phra Ram 9 public transport stations. Aspire Rama 9 offers a comprehensive range of facilities, including fitness amenities, a garden, parking, security, and a swimming pool.
The selling price starts from 2,500,000 THB, while the rental option begins at 12,000 THB per month.
Ideo Mobi Rama 9
Ideo Mobi Rama 9, a condominium project developed by Ananda Development, was completed in 2014. The condominium consists of a single 28-story building, encompassing a total of 705 units. It is situated on Thanon Rama IX, Huai Khwang.
The selling price begins from 3,000,000 THB, while the rental option starts at 13,000 THB per month.
Bottom Line
The Rama 9 area presents an intriguing prospect, poised to evolve into the premier new Central Business District (CBD) in Bangkok. With a wealth of available facilities and ongoing rapid development, this area offers promising real estate opportunities for long-term stay and investment. Its continual advancement is expected to elevate the zone's potential, solidifying Rama 9 as an enticing location capable of attracting investors.
Looking for a property to rent or buy in Rama9? Get in touch with us at PropertyScout today!
