Project Review:
Ideo Mobi Rangnam Review
Is it a good buy or bad buy?
Market View
Confidence in Thailand property market is at an all-time high, especially in the residential housing market. Ideo Mobi Rangnam is one such project that has made waves in the property market. In this post, I will be giving my thoughts and perspectives about Ideo Mobi Rangnam shedding some light on some of the critical details about the property.
Details about the development
Ideo Mobi Rangnam condo is a Freehold high-rise condominium developed by a joint venture between Ananda development company limited and Mitsui Fudosan. The apartment development is located right at the heart of Bangkok city center in the district of Ratchathewi.
According to the developer the property is designed with three main themes with a future-nature concept.
- Smart location
- Smart innovation (solar fresh air system)
- Intelligent design.
The ecological approach is unique turning the whole condominium project that is wholly dependent on green energy.
Also read Ideo Mobi Rangnam developers details
Ideo Mobi has a site area of approximately 1-2-92 Rais (2,492 Sq.M.) that’s 31 storeys with a total of 366 apartment units comprising of a blend of a studio apartment and 1-2 bedroom units. The studio apartment will have 27.90- 30.20 square meters, the 1-bedroomed units will have 30.10- 40.50 square meters and finally the 2-bedroomed condo’s will be 48.75- 65.95 square meters.
The project development will also have 169 parking lots, two passenger lifts and 1 fireman lifts underlining the precautionary measures the developers have taken in case of an emergency. Ideo Mobi will have exciting and world-class facilities with state-of-the-art features that will complement the modern lifestyle of future residents. Some units will have a fully furnished package at an extra cost.
The apartment complex will the completed in September of 2019; its freehold feature allows foreigners to invest in the property either of homebuyers or investors.
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Tenure
Freehold
Location
Rangnam Road, Thanon Phayathai, Ratchathewi, Bangkok
TOP
Sep 2019
Site Area
1-2-92 Rais (approximately)
No. of Units
366 residential units in 31 storeys
Developer
Ananda Development Public Company Limited
Project Location
The property development is situated along Rangnam road, Ratchathewi, Bangkok. Its strategic location is highly convenient for everywhere. We will delve into the proximity of Ideo Mobi to various amenities.
Ideo Mobi Rangnam Google Map Location
Ideo Mobi Rangnam Google Street View
If you are traveling to Victory Monument BTS Station by car via Ratchawithi Rd, it will take you an estimated 3 minutes to move over a distance of 1.6 kilometers according to Google maps. However, if you are walking on foot, it will take you approximately 9 minutes if it’s on a sunny day.
For those traveling to Suvarnabhumi International Airport via Victory Monument Station which links with Airport Rail Link. According to Google Maps, it will take you approximately 21 minutes for a motorist to cover a distance of 26.4 kilometers. Walking is nearly impossible as it will take you 7 hours. If you are using a motorcycle, it will take you an estimated 37 minutes.
If you are driving towards Siam Paragon one of the largest shopping centers in Bangkok, according to Google Maps it will be a 6-minute drive over a distance of 2.7 kilometers via Phayathai Rd. For those in the mood for a walk, it will take you roughly 30 minutes if the weather is conducive. The Shopping complex is just three stations away from Ari and BTS station. The surrounding neighborhood of Siam Paragon also has plenty of dining and shopping options.
The property is close to various hospital and wellness center; for those seeking medical treatment from Rajavithi Hospital, it will be a 3-minute drive over a distance of 1.3 kilometers.
For outdoor enthusiast Suntiphap park, it’s a one-minute walk over a distance of 190 meters from Ideo Mobi; driving will not make sense as the park is a stone throw away.
The new upcoming Orange MRT line that connects to Victory Monument BTS Station providing direct access to the CBD is just 150 meters away according to google maps.
Main selling points about the development
One of the impressive features, in my opinion, is the central location of the property. Located right at the center of the city center, the property is easily accessible and its close to a variety of amenities. Future residents will enjoy close access, and convenience and their needs will be entirely taken care of.
The property development incorporates the synthesis of future with nature concept. The property is powered with eco-friendly energy and smart solar fresh air system tackling the emerging of pollution within Bangkok; it will also have world-class facilities that are truly unique and stands out from the surrounding properties such as Sky Garden and Sky fitness.
Ideo Mobi is a freehold development project, in my opinion, that is a deal closer. Not paying rent in such an exclusive location is a no-brainer for anybody. Its freehold status will allow future owners to sell their property and be able to redecorate and customize according to their own needs and preference.
Rangnam area is a popular residential location due to its strategic locale with a good prospect for capital growth; investors are assured of 6% rental yield with higher occupancy rates boosting rental income making the property a wise investment decision.
Also check Ideo Mobi Rangnam within 1km of Reputable Schools
My thought about the development
There are quite a number of freehold condominium within Ideo Mobi vicinity; price is significant. I will shift my focus to the median price of the property compared with the rate of Ratchathewi median.
The median price list of the condominium development is ฿ 6,099,523 translating to ฿ 186,035 median prices per square meter. Comparing that figure to the average median price of the district, it’s 17.6% higher which stands at ฿ 158,202 per square meter. Also, the Ideo Mobi median is 39.5% higher than the Bangkok median as of 2018 which was ฿ 133,365 per square meter.
Check the full pricing on Ideo Mobi Rangnam Price
Some may find it expensive and opt for other project developments, but in my opinion, due to its locality and convenience to almost everywhere, the price is entirely justified.
The residential development has adopted a green energy concept making the property a one of a kind in Thailand. This green technology will revolutionize the city’s property market with Ideo moby genuinely leading the way towards an environmentally friendly and clean energy residential property truly setting the pace for others to follow.
With condominium projects nearby there will be high competition regarding rents putting a lot of pressure on Ideo Mobi as future tenants have a large pool of housing developments to choose from. But, in my opinion, I feel that Ideo Mobi is the best choice for most tenants due to closeness to the CBD and surrounding hospitals making it convenient for doctors who make up a large portion of the occupancy rates. The property is an incredible choice for buyers looking for a home in this area.
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PROJECT RATINGS
- Pricing – 50%
In my view, I find Ideo Mobi quite expensive with a price per square foot of ฿ 186,035 which is higher than most condominium located with the district and Bangkok; its smaller sized units may not adequately justify its price tag. The only advantage is its freehold status allowing future residents to become permanent owners of the apartment units.
- Location – 80%
The score is very high and its well justified, its ideal location at the heart of Bangkok city makes it closer to Victoria Monument BTS station which connects with other lines giving you full access to all parts within the city. It’s also well-connected with the hub of lifestyles centers in the city, everything is just a stone throw away.
- Quality -95%
The property is indeed an architectural masterpiece; the developers have cleverly merged modern eco-friendly designs with the natural environment. Coupled with its efficient floor plan that maximizes the available space and with different unit mix catering to lifestyles of different individuals. The property also has cutting-edge features with fully furnished apartment units at an extra cost making it very beneficial for future residents.
Ideo Mobi is a joint venture development overseen by Ananda Development a well-respected industry leader in Thailand with a track record of developing high quality and environmentally friendly developments all over Thailand. Another partner in the project is Mitsui Fudosan one of the largest residential developers in Japan.
Future residents will only expect nothing but the best when it comes to Ideo Mobi Rangnam.