Name : Tan Condominium@sukhumvit40
Developer : Tan inc asset
Project Description : 31 Storey Condominium Tower
Location :Sukhumvit 40
Launch : 2011

http://img.ihere.org/uploads/7443b6ed4c.jpg (http://img.ihere.org)

http://img.ihere.org/uploads/b646d39c58.jpg (http://img.ihere.org)

um, when is the last time K Tan launch a high rise building?

um, when is the last time K Tan launch a high rise building?

In the 80s apparently, accordding to that design.

Car drivers living in the east had better pray they do build that Super Skywalk as an alternative way to get into town, because the Thonglor - Ekkamai junction is going to permanently log-jammed with all the new development going up and no red light to allow cars to turn into soi 40.

rotfay road is a good trick :)

Car drivers living in the east had better pray they do build that Super Skywalk as an alternative way to get into town, because the Thonglor - Ekkamai junction is going to permanently log-jammed with all the new development going up and no red light to allow cars to turn into soi 40.

Sales/Rental agents for condos in those locations all the way down to Soi 16 will keep touting "next to BTS" really meaning..."get a driver to pick you up or drop you off at Queen Sirikit or Petchburi MRTA and then catch BTS to walk to your Condo".

Noble Remix for all its BTS link "crap" stands empty, and soon to be sandwiched with buildings on either side.

This "Tan Condo" will soon be giving Siri@Sukhumvit residents a good bite of dust for their money. But hey! you can't beat the "next to BTS" fad in this town.

Well, truth be told this one IS easy walking distance to Thonglor BTS. But, yes, there are tonnes of condos all offering the same thing going up, and the attractions of living right on a main road next to a station are very few in my opinion. But what the hell! Rich Thais would rather waste their money speculating on that than putting it in the bank, right? Although I notice interest rates are going higher, while rental market is even more competitive. Something will give eventually.

Well, truth be told this one IS easy walking distance to Thonglor BTS. But, yes, there are tonnes of condos all offering the same thing going up, and the attractions of living right on a main road next to a station are very few in my opinion. But what the hell! Rich Thais would rather waste their money speculating on that than putting it in the bank, right? Although I notice interest rates are going higher, while rental market is even more competitive. Something will give eventually.

Yes, I know Tan location has easy access to BTS. My point is that so much orchestrated emphasis on "Next to BTS" has been orchestrated to drive condo speculation to levels above and beyond what is really sustainable.

Sukhumvit Rd between Soi 21 and Ekkamai was designed to handle traffic through it but not into it or into side sois where low rises or single unit homes where the norm.

From a development stand point by 2013, the soi21-Ekkamai stretch may still remain only 35% developed since there are still vast amounts of empty land, not to speak of sois like 35 which all of a sudden could become another soi 24 on account of Emporium II.

IMO, what will give is the market saying eventually... "I am not renting there" or "I want a huge rental discount"...that will lead to no condo sales...and a two-tier market, with two tier pricing: on the one hand the overcrowded next to BTS/inaccessible location market and on the other the accessible location market from a traffic perspective and with fewer buildings to choose from.

Some Rich individuals have reasons not to trust the banking system or keep all their eggs in one basket. Nominal rates may go up, but remain negative in real terms. Still... not much PM buying...just yet! starting next week could be a different story.

Buy-to-let by "alltimers" stopped several years ago when it took a long time for their Noble Ora and Fullerton properties to rent at their desired yields. Only small fish and new type investors kept buying and holding at higher prices to now realize it was a mistake.

The Dollar and Euro are about to pop, IMF and Fed just expanded their balance sheets to levels not seen ever, even post-Lehman. We will see where the Thai Baht is led to settle.

There might be no credit crisis or event like in 97, but a rush of people to the exit looking to swap property assets into Precious Metals may certainly bring this property market to its knees.

That alone may fix traffic jams along Sukhumvit. As you know, traffic levels in Europe are down substantially.