What do you need to know about Ratchathewi?
Ratchathewi is a district in Bangkok and is located in the central region of the city while being one of the fifty districts of Bangkok, it is also the name of a station that is passed by the Bangkok BTS Skytrain line. The neighbouring districts surrounding Ratchathewi from the north in the clockwise direction would be Phaya Thai, Din Daeng, Huai Khwang, Watthana, Pathum Wan, Pom Prap Sattru Phai and Dusit. The district was originally a part of the Dusit district before 1966, and was a part of the Phaya Thai district from 1966 to 1989. Late that year, the area of Ratchathewi was upgraded to form its own district and got its name from the point of intersection it is placed at. The name originates as a royal consort to King Chulalongkorn, Phra Nangchao Sukumalmarsri Phra Ratchathewi, the term Phra Ratchathewi is a high rank for royal and noble titles for royal groups. The total land area covered by the district is about 7.126 square kilometres and it houses within itself a population of about 72,304 as per the records of the census conducted in 2017. The district is crossed by the BTS Skytrain in three stations, Ratchathewi, Phaya Thai and Victory Monument. The Bangkok MRT line also passes through the district with one station Phetchaburi. The area around the current Makkasan Railway Station is under creation for the Airport Link to Suvarnabhumi Airport. The area is going to become City Air Terminal integrated with check in facility and non-stop conveyance via trains to the airport. The terminal also has an interchange to MRT Phetchaburi station.
Some essentials in Ratchathewi
Ratchathewi is a district that gives the most attention to their educational facilities and conveyance services. The universities in the district offer the best faculties and support to students and with the new project going on, travelling around the places in the district is going to be much less hectic. The places to look out for in Ratchathewi are listed below.
Mahidol University – This may be the largest university in Bangkok with its campus comprising of faculties of nearly any subject imaginable like Faculty of Medicine Ramathibodi Hospital, Faculty of Dentistry, Faculty of Science, Faculty of Pharmacy, Faculty of Public Health and many more.
Wannasorn Tower – This was an initiative taken by a chemistry tutor Uraiwan Sivakul, who wanted to create an education hub for students to study attentively. This tower is now the main hub that Thai tutoring schools use for their classes and the students are also allowed to stay after hours and study.
How is the lifestyle in Ratchathewi?
The district if Ratchathewi offers an expensive form of lifestyle than what you may experience throughout the rest of the country of Thailand. The daily expenses that you need to survive are not over the top and you can get by a month with spending as much as 50,000 Baht in Ratchathwei for the entire month! The Properties available in the district can be a joy to choose from, starting from one-bedroom condos to luxury villas and townhouses, anything you want is available right at your fingertips. The least you have to spend in order to rent a one-bedroom condo is about 15,000 Baht if you wish to live in the main areas of the district. There are other properties with much more gorgeous designs and deluxe interior, such as duplex condos can be found in the same location with prices hiking to as much as 58,000 Baht a month. The least you have to send if you wish to live a basic life in the uneventful places of the district would be around 30,000 Baht and that is covering all costs from rent to day-to-day expenses. This area is very popular as for the distance from the BTS Ratchathewi station.
How is the real estate market in Ratchathewi?
It is no wonder that the real estate properties in the district are becoming popular by the day, since properties in Ratchathewi are compatible to almost anyone. There are varieties of properties for you to rent should you choose to, including condos, townhouses and single houses or villas. If you choose to live in the downtown area or near locations in the district such as near the Mahidol University or the Ratchathewi station, you would find a one bedroom condo for sale for around 4.8M to16M Baht for the sale price. townhouses for rent can also be found at a cost of around 11,000 to 19,000 Baht for rent. If you wish for a more lavish experience, detached houses or single house for rent could also be the preferred type of property you are looking for and can be very easily found around the area with the cost amounting to 55,000 to 130,000 Baht for rent per month depending on the size, location and number of bedrooms. The rent for these properties has been seen to decrease a bit if you move a little further from the aforementioned locations, for example condos for rent can be found at a low rent price of 8,000 Baht for rent and villas or detached houses for rent can be found at a price of around 35,000 to 60,000 Baht for rent depending on the size, location and number of bedrooms. The COVID19 effect the property rental price.
Just near by BTS Ratchathewi station
What is the most popular property on sale in Ratchathewi and why?
The process of buying your piece of property in Ratchathewi is really easy and comprehendible, the most famous type of property in the district is single houses or villas, as they are the perfect choice for families looking to settle down in Ratchathewi. There are second hand house readily for sale available in the eventful areas with the prices ranging from 40.5M to 150M Baht for sale depending on the type, size, number of bedroom and age of the property. One-bedroom studio condos for sale can also be found in the area with significantly low prices as they mostly appeal to bachelors, they can be bought by paying around 2,300,000 to 6,000,000 Baht for sale. Three-bedroom condos for sale are a little harder to find and would cost you somewhere around 18,500,000 to 40,500,000 Baht for sale if you choose to settle down near the prime locations in the district. Should you choose to move farther from the heart of the area, the sale prices drop to a certain extent. You can find a one-bedroom studio condo for sale for a price of around 1,800,000 to 2,300,000 Baht for sale near the uneventful places of the district, townhouses as have they in the eventful areas, share the same range of price and can cost you about 3,000,000 to 15,500,000 Baht on the sale price. Single or detached houses for sale can also be found at a lower cost from the main area of the district with the price ranging from 12,600,000 to 26,000,000 Baht for sale. The COVID19 effect the property sale prices.
What are the main reasons for investing in Ratchathewi properties?
As the properties are affordable to majority of foreign investors; the real estate market in the district is slowly making its way into the top levels of the market. With the recent up-gradation of infrastructure, the properties in the district are one to look to for investing and as well for settling down.