Ritz - Carlton

The Ritz-Carlton Residences fill the upper levels of the MahaNakhon tower on Naradhiwas Rajanagarindra Road in Silom, Bang Rak. The tower has 77 floors and around 200 residential units, with homes starting at about the 23rd floor. Sources date completion to the mid-2010s, and one lists the tenure as freehold.

BTS Chong Nonsi is a short walk away. BestBKKCondos tracks 9 listings here, from 124 sqm two-bedroom homes to a 486 sqm four-bedroom for sale.

Sources place the main amenities on the lower floors and on the 53rd and 54th floors. Service follows a hotel model, with a concierge team on duty around the clock.

Facilities

• Swimming pool
• Fitness centre, yoga and Pilates rooms
• Sauna and steam room
• Movie room and game room
• Garden, private lounges and clubhouse
• Concierge, covered parking and CCTV

Unit types

Our listings cover two-bedroom homes of 124 to 248 sqm, three-bedroom units of 205 and 370 sqm, and a 486 sqm four-bedroom. Sources describe two to five bedrooms, in simplex and duplex layouts.

Naradhiwas Rajanagarindra Road, near Chong Nonsi BTS

BTS Chong Nonsi is under half a kilometre from the tower, and sources name MRT Sam Yan as nearby. Silom's office towers and the Mahanakhon CUBE shopping space are on the doorstep. Lumpini Park is the closest large green space. Chulalongkorn Hospital is the main hospital cited for the area.

• Senior executives and diplomats who want a hotel-serviced home a few minutes from Silom offices.
• Buyers of trophy property seeking floor plates of up to nearly 500 sqm.
• Corporate tenants who prefer a managed building with concierge service.

It does not suit modest budgets, buyers who want a quiet low-rise setting, or pet owners, since sources disagree on the rule and the juristic office has the final word.

Our listings show three homes for sale, from 144,000,000 THB for 248 sqm to 350,000,000 THB for 486 sqm. That is about 581,000 THB per sqm for the smaller unit and roughly 720,000 to 749,000 for the two larger ones. Rental asking prices in our listings start at 150,000 THB a month for two-bedrooms of 135 and 143 sqm and reach 175,000 THB for a 205 sqm three-bedroom. We do not quote a yield.

One source lists the building as freehold. Foreign buyers can purchase within the 49% foreign quota; check what remains with the juristic office.

Risks to weigh

• Only three sale listings, so the price per sqm rests on a thin sample.
• Asking rents for the same 124 sqm layout differ widely in our listings.
• Pet rules conflict between sources.