Condo Review: The Residences at Mandarin Oriental, Bangkok
May 20175,103 Views
Located on a unique and charming river bend near CBD, the all river-facing units will provide an exquisite living experience with property management by Mandarin Oriental.
|The Residences at Mandarin Oriental, Bangkok|
|ICONSIAM Superlux Residence Corporation Limited|
|Location Area:||Charoennakhon Road, Thonburi|
|Product Type:||Freehold Condominium|
|Land Area:||4.9 Rai (7,847 sq.m.)|
|Building:||1 building, 52 stories, Single Load Corridor Design|
|No. of Units:||146 (all with river view)|
Unit Type & Size:
|2-Bedroom (127.87 - 165.40 sq.m.)
3-Bedroom (222.21 - 228.88 sq.m.)
Penthouse (380.93 - 383.98 sq.m.)
Penthouse Duplex (386.12 - 707.28 sq.m.)
|341 spots (233% parking to unit ratio)|
|Estimated Completion:||December 2018|
|Average Price/Sq.m:||360,000 - 380,000 baht/sq.m. (As of Oct 28, 2016 – price may vary)|
The Residences at Mandarin Oriental, Bangkok is part of a much larger master plan that is certain to wow and excite anyone looking for a super luxury residence or vacation home in the heart of Bangkok. The Residences at Mandarin Oriental is a condominium project being developed by ICONSIAM Superlux Residence Corporation Limited. The corporation was formed as a joint venture between Charoen Pokphand (also known as CP group), Magnolia Quality Development Corporation, and Siampiwat.
The Residences at Mandarin Oriental Bangkok is part of ICONSIAM, a mixed-use mega retail and residential project, located on the bank of Bangkok’s largest river—The Chao Phraya River. As the name implies, ICONSIAM is aiming to become a landmark for Bangkok and the riverfront. The project budget is targeted at 50 billion baht to be built on approximately 80,000 square meters of land with 400 meters of prime riverfront access, which makes it the largest single master project launched in Bangkok. On the residential side, the project will include two condominium projects, the super luxury “Magnolias Waterfront Residences” (already sold out) and the ultra-luxury “The Residences at Mandarin Oriental, Bangkok”—which we will get into shortly in this review. The project will also feature two iconic retail centers comprising approximately 525,000 square meters of retail and dining space and a 3,000 seat world-class auditorium. Additionally, there will be about 10,000 square meters of riverside public parks and event plazas.
Taksin Bridge & Iconsiam
Location Overview: Rare Riverfront Property
The ICONSIAM master project is located on one of the most coveted river front areas in Bangkok. The land plot is situated on a relatively narrow bend of the Chao Phraya River, giving residents excellent panoramic views due to being in the bend. In addition to the views, the narrowness of the river here makes the whole area look lively and charming as tourists ride long tail boats during the day and dinner boat cruises cast sparkling lights against the river currents in the evening. With no major ports in the area, big cargo boats do not pass through here, so it does not feel industrial like many other parts of the river—such as the riverfront around Rama 3 road. More importantly, this bend happens to be a hub area as it is connects the Thonburi side of Bangkok to Sathorn Road, a prime downtown location. The area is further boosted by the presence of some of the most prestigious riverfront hotels in Bangkok—including brands such as Mandarin Oriental Bangkok, Shangri La Hotel, and The Royal Orchid Sheraton Hotel.
Though the property is located on the Thonburi side of the river, its close proximity to the Taksin bridge, the Krung Thon BTS Station, and short boat ferry to the opposite side of the narrow river, make it highly accessible. The location of this project is made extra valuable as it is the last plot of this size on this highly coveted river bend. There are no more plots available of this width that will allow developers to build such a grand and well-designed product. All other available space is fragmented or long and narrow, which minimizes the flexibility in design a condo with river views.
Residents and guests will find it convenient going to and from home each day as it is still very close the heart of the CBD area. By car, the project is about 5 minutes from the Taksin bridge and around a 20-minute drive from the Silom/Sathorn area. The Silom BTS Line is accessible from the Krung Thonburi BTS station, located on the same Thonburi side of the river as the project, and is only 1.4 kilometers away (or a 7-minute drive) from the project. The Residences will feature a private pier and boat that is reserved exclusively for residents that will provide boat shuttling service from The Residences to the Mandarin Oriental Hotel pier as well as the Saphan Taksin pier. From the pier you can easily grab a taxi or walk directly up to the Saphan Taksin BTS station. The boat trips across the river from pier to pier will take around 5 minutes.
Of course, owners of ”The Residences” will not need to look much further than the world-class shopping center just next door to them for all the conveniences and amenities they could want. Add to that the five-star hotel services by Mandarin Oriental Hotel Group and residents could have all their needs met without ever leaving the comfort of their home.
However, on the occasion that residents might want something different, the surrounding neighborhood has plenty to offer. Charoen Nakhon road is known for having excellent local noodle shops and other varieties of Thai food. Taksin Hospital is also only 750 meters away from the project, making it fast and easy for residents to get health care. Just a few minutes’ walk down the road is Klongsan Market and pier providing a spot to get fresh fruits and vegetables or ready-made snacks and meals.
Property Project Overview:
The developers have contracted Mandarin Oriental Group to provide property management services. As part of that contract, Mandarin Oriental Group provided feedback and insight on design to ensure that residents receive the unique 5-star Mandarin Oriental experience that customers have come to know and expect from a Mandarin Oriental Hotel.
Anyone in the market for a freehold riverfront super-luxury condominium, The Residences at Mandarin Oriental Bangkok should be at the top of the list. There is no other project in Bangkok that offers the complete package that The Residences will provide. From excellent freehold location on a charming river bend to having the newest and largest shopping and entertainment center next door, to property management services provided by a five-star world famous hotel chain—the compelling reasons to invest here keep adding up.
One the most important design features to note is the single load corridor design. Due to the flexibility of space management from the master plan, the developers were able to make the buildings wide instead of long, allowing them to design the buildings with a single load corridor. A single load corridor means that the service corridor is on only one side of the building—on the back side in this case—allowing all units to face towards the river and downtown Bangkok. The result is a coveted view that is unobstructed no matter which unit you choose to purchase.
The Residences at Mandarin Oriental stands next its sister project, the Magnolias Waterfront Residences. The architectural theme for the façade is “oriental contemporary”. The design languages between the two buildings are very similar, which the developers decided to do on purpose in order to keep a consistency in the design as the two projects are so close to each other. Designers wanted to invoke a sense of modernism while keeping the charm of grand oriental design. The modern exterior design features the grandeur of oriental luxury with a silver, gold, and rose gold color motif that alludes to its Siamese heritage. Even though both buildings stand close to each other, owners need not worry as the Magnolias Waterfront Residences is situated behind and diagonally to this project so that privacy and views from the units will not be affected.
The developers will provide two purchasing options. The first option is a fully fitted option which gives buyers all the necessities such as kitchen appliances, air-conditioning, all bathroom fixtures, and built-in closets. The second option will be a fully furnished option. The fully furnished option adds to the fully fitted option by including designer selected loose furniture, carpets, curtains, wallpaper, built-in accent walls and shelves, custom lighting fixtures, and specially tailor-made headboards by Fromental of London. For those who do not want to bother with decorating or like a professionally designed, ready to move in unit, the fully furnished option will give buyers a premium one stop shop solution.
Dining Area & Kitchen
All units feature high ceilings, beginning at 3.2 meters for standard units and go as high as 7 meters for two-story duplex units. As you can imagine, these high ceilings give the units a very open and spacious feel. Designers paid attention to every detail and selected only the most premium materials and appliances for use in the project. The developers chose Gaggenau and Siemens for the kitchen appliances. Both are German brands known for their quality and design. The engineered wood floors have a unique pattern design that adds to the classy feeling of the space. The counters in the kitchen are made of premium imported stone and the bathrooms also feature premium stone finishes on the counters and walls.
Bathroom fixtures and accessories are from Waterwork, Hansgrohe, and TOTO. The ultra-luxury feel is enhanced by details such as a “his & hers” basin and mirror. The washbasin is a stone washbasin carved out of one single piece of stone. With a glass curtain walls owners can take in the full breathtaking view of the river and cityscape at day or night. The unit also features a nicely sized balcony that can be accessed by a large floor to ceiling sliding glass door. Opening the door connects the balcony space and the living room area, merging the two spaces into one, which is a lovely feature to have in case you want to enjoy some fresh air on a nice evening.
Facilities & Amenities
There are a few features to highlight in “The Residences”. It could be argued that what makes luxury is exclusive service, the services and thoughtful design that makes life convenient and private, and if we agree on that, this project will certainly not disappoint.
The building has a total of 341 parking spots, which will provide a 233% parking to unit ratio. The building includes a six floor automated parking system that accommodates 4 floors of sedan height vehicles and 2 floors of SUV height vehicles. The system stores the cars above ground and within the building so owners can have peace of mind that their expensive cars will be safe from weathering, accidental damage from other drivers, and from theft. Furthermore there is a 17 vehicle conventional parking basement and 11 spaces for serviced vehicles.
Private lifts are nothing new, and many luxury and super luxury condo’s feature private lifts these days, but only The Residences at Mandarin Oriental feature dual private lifts. All units in the project feature a dual private lift design which is secured by a keycard that only allows unit owner’s access to their unit and the common areas of the building so that residents never need to be worried about security. The benefit of having two lifts is that residents will rarely need to wait for a lift to arrive which increases that exclusive convenience.
Dual Private Elevators
Property Management Provided by Mandarin Oriental Hotel Group
Mandarin Oriental will provide all the standard property management services to give owners the same luxury treatment they are used to from Mandarin Oriental Hotels. Furthermore, owners are automatically enrolled in the Residences Elite Program by Mandarin Oriental Hotel Group which rewards owners with a lifestyle of status and privilege across the globe. At home standard building services include 24 hours concierge service, valet parking, doorman/butler service, and security.
In addition to the standard services, the Elite Residences Program grants owners extra services and benefits that Mandarin Oriental will provide to owners. First, all of the common areas will be designed and maintained with the distinct and prestigious Mandarin Oriental design language so that residents will always be able to come home to a 5-star luxury hotel environment. Owners can pamper themselves with the same kind of service they would get from a hotel. Examples of these services include room service prepared by any of the world-class restaurants and kitchens from Mandarin Oriental Hotel. Residents can also purchase a-la carte services much like you would from a hotel. These services would include specially catered meals in your home or a massage provided in the privacy and comfort of your home.
In addition to all of these exclusive services, the Residences Elite program grants owners exclusive privileges at Mandarin Oriental Hotels worldwide that include VIP status while traveling to any of the hotels, room upgrades, free WiFi, and complimentary breakfasts for two. Also the program gives owners exclusive perks such as discounts on meals and room rates, and early check-in and late check-out.
Other amenities and facilities available for residents include:
Floor 1: Lobby Level Facilities
- Grand Residential Lobby
- The Chao Phraya Lounge (can be used for private functions)
- The Mandarin Gallery (a lounge area with pantry space as well)
Floor 4 & 5: River Clubhouse Facilities
- River Terrace (an outdoor lawn area with a sun deck and cabanas)
- Outdoor Infinity Pool and Jaccuzzi
- A Poolside Barbeque Terrace
- Garden Loft (a dining area with open kitchen)
- A Golf Simulator & Virtual Game Room
- Standard Game Room
- Private Fitness & Wellness Studio
- Steam Room & Sauna
- Changing Rooms
- Children’s Pool & Playground
- Children’s Playroom
Infinity-edge Swimming Pool
Floor 36: Function Rooms and Sky Lounges
- The Oriental Salon (a formal lounge)
- Siam Salon (a general function room)
- Lotus Business Suite (a business meeting room)
- The Library
Chao Phraya Lounge
Summary of Key Features
These are things features that, in our opinion, make this project particularly interesting to buyers and investors.
- Location: It is situated in one of the most coveted areas of the Chao Phraya River, and is one of the last projects that can be designed with all river facing units in this river bend. The scarcity of this type of real-estate will ensure to increase the value of the property over time.
- All Premium View Rooms: All units get an unobstructed river and city scape view thanks to the single load corridor design.
- Highly Accessible: The project is highly accessible by car, boat, and sky train. The project is also located very close to Sathon (a downtown area) that is convenient for residents to access CBD.
- Part of ICONSIAM Master Project: In addition to its excellent location, it is also part of a mega mix-use project with retail, food, and entertainment; which adds a unique level conveniences and amenities for residents.
- Hotel Branded Residences: A Mandarin Oriental Hotel 5 star level property management and concierge service for residents adds a level of luxury not found in most other super luxury projects. Ensures property is managed with a superior level of care as Mandarin Oriental will also manage their brand image. Makes it far easier to rent out units and command premium rents at the same time.
Whether you are looking to purchase as a home for yourself, or purchase as an investment property, The Residences at Mandarin Oriental offers up a very unique set of features that will not be found in any other property in Bangkok. This makes “The Residences” particularly rare and as a result we believe that the value of the property will only rise over time and finding tenants to rent your unit should be easy thanks to the location on the river bend, ease of access, branded management, and its proximity to the new shopping center and downtown Bangkok.
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