Baan Rajprasong

Baan Rajprasong is a single tower of 34 floors on Soi Mahatlek Luang 3 in Lumphini, Pathum Wan. It dates from the mid-2000s. Sources give different years, so we do not cite one. Layouts run from one bedroom up to a 381 sqm penthouse across the top two floors. Some marketplace listings tag units here as leasehold, so the title type should be confirmed unit by unit.

The building sits a short walk from BTS Ratchadamri, with the Rajprasong shopping district beyond it. BestBKKCondos tracks 2 listings here, both for rent.

Shared facilities are modest.

Facilities

• Swimming pool
• Fitness centre and sauna
• Children's playground
• Covered car park
• 24-hour security

Unit types

Both of our listings are 126 sqm two-bedroom, two-bathroom units. Source listings also show a 77 sqm one-bedroom and an 87 sqm two-bedroom, plus larger three- and four-bedroom homes.

Soi Mahatlek Luang 3, near BTS Ratchadamri

BTS Ratchadamri is under 300 metres away on foot, according to the sources. The Rajprasong junction, with its big malls, hotels and Erawan Shrine, is the next stop along. Central Chidlom is nearby too. The Royal Bangkok Sports Club sits close by, and Lumphini Park lies to the south, which gives the area more open space than most of the centre. Siam and Sala Daeng are each a single BTS stop away.

• Executives and diplomats renting long term who want to walk to work in the Rajprasong offices and hotels.
• Buyers who want space in the centre, since layouts reach 126 sqm and more.
• Families who want a central base with a playground in the building.

It does not suit buyers who want a new-build finish and a long amenity list. Nor does it suit anyone who needs freehold title confirmed without further checking.

Both of our listings are rentals, a 126 sqm two-bedroom at THB 75,000 a month. We have no sale listing here, so we cannot give a price per sqm from our own data. We do not quote a yield.

Foreign buyers can hold freehold units only within the 49% foreign quota; check what remains with the juristic office. Have a lawyer confirm the title type of the exact unit.

Risks to weigh

• The tower is around two decades old, so ask about the sinking fund, lift renewals and planned works.
• If a unit is leasehold, the remaining term and renewal rights affect resale value, and renewal is a contractual promise rather than a registrable right.
• One tower means few comparables. Resale at the top of the market can take time.