The Madison
Bangkok
Price on request
Completed- Type
- Condominium
- Location
- Bangkok
Overview
The Madison is a 36-floor condominium on Sukhumvit Road in Khlong Tan Nuea, Watthana, with 151 units in a single building. It was completed in 2006, and one source states that it is freehold.
The address sits in the Phrom Phong area, a few hundred metres from the BTS station. BestBKKCondos tracks 3 listings here, all of them large three-bedroom rentals.
Facilities
- Swimming pool
- Fitness centre
- Sauna
- Parking
- 24-hour security
- CCTV
Design & lifestyle
Facilities
- 24-hour security
- CCTV
- Car park
- Swimming pool
- Fitness centre
- Sauna
Unit types
Our three-bedroom listings measure 162, 172 and 185 sqm. Sources add two-bedroom layouts from roughly 115 sqm and four-bedroom units near 297 sqm. Units are generous by Bangkok standards, which sets the building apart from the compact studios common nearby. One source says pets are welcome.
Location
The Madison, Sukhumvit Road, Khlong Tan Nuea, Watthana, Bangkok, Thailand
The neighbourhood
Sukhumvit Road, near Phrom Phong Station
BTS Phrom Phong is around 200 to 250 metres away on most sources, though one listing claims 600 metres, so allow for a short walk. The Emporium and EmQuartier malls sit around the station, and a Tops supermarket is on Sukhumvit Soi 41, roughly 200 metres from the entrance. Our sources gave no hospital distance, so check this on a map if medical access matters to you.
Who it suits
- Families needing three or four bedrooms with a study near the BTS.
- Expatriate tenants on a corporate lease who want space and a pet-friendly building.
- Long-term owners who prefer a smaller 151-unit building to a mass-market tower.
It does not suit single buyers or investors on a tight budget, since the units are big and the rents are high, or anyone who wants a new building with modern shared areas.
Investment potential
Our rental listings run from 85,000 THB per month for 162 sqm to 90,000 for 172 sqm and 110,000 for 185 sqm. We have no sale listing, so no price per square metre. We do not quote a yield.
One source says the building is freehold. Foreign buyers would be within the 49% foreign quota; check what remains with the juristic office.
Risks to weigh
- Large units mean a small pool of tenants who can pay 85,000 THB or more per month, so vacancy can run long.
- The building dates from 2006, so budget for refurbishment and check the sinking fund.
- With only 151 units, a few owners selling at once can shift prices noticeably.
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