The Residences 38 is a newly announced luxury condominium in Bangkok’s prime Thonglor district and will be ready to move-in to in December 2024. As of Q1 2024 the building has been constructed and the interiors are being completed. The Residences 38 is located on main Sukhumvit Road less than 5 minutes’ walk from Thonglor BTS Skytrain Station. The development is a joint venture between the BTS Group and Ananda Development, one of Bangkok’s largest listed developers.

The Residences 38 comprises a single tower with 36-floors and only 56 FREEHOLD condominium units. The entire project covers just over 2-Rai of land, or a little under one acre. There are 110 conventional car parking spaces available for residents on a first come first served basis, plus 7 supercar spaces and 8 EV charging stations. 

The Residences 38 are located above La Clef Bangkok with world-class facilities and services to ensure sophisticated luxury living. La Clef is a part of The Crest Collection within The Ascott Group’s portfolio, established in 2016 in France with iconic historical properties in Paris—such as La Clef Tour Eiffel Paris.

Ascott has grown to be a global hospitality company with more than 940 properties worldwide. Headquartered in Singapore, Ascott’s portfolio of serviced residences extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

The Residences 38 has been conceived by globally recognized residential design firms ACPV ARCHITECTS Antonio Citterio Patricia Viel, Quintrix Architects, PIA Interiors, and with landscaping by Shma.

Located from level 24 to level 36, and served by 3 elevators, The Residences 38 provides a wide range of upscale amenities, including a residences’ lobby, a swimming pool, an onsen, the residences’ lounge, a co-party room, a yoga room and a fitness room, There is 24-hour security, keycard entry and CCTV throughout the development.

In addition to extensive amenities, residents at The Residence 38 can enjoy a range of services including housekeeping, laundry services, a concierge, a limousine service, personal food delivery, private dining, meeting facilities and a self-service mini bar at the social lounge on the 11th floor.minium unit-types available at The Residences 38 with floor areas and configurations as follows:

1-Bedroom – 55-76 M2 (9 units)
2-Bedrooms – 91-152 M2 (39 units)
3-Bedrooms –172 M2 (3 units)
4-Bedrooms –209 M2 (3 units)
Penthouses – 426 M2 (2 units)

All units are delivered fully fitted including luxury kitchens and appliances by Miele and Blanco with a hotplate, hob and an extractor, fully fitted bathrooms with sanitary ware by Gessi, Axor and Toto including custom-built bathtubs, washlet toilets and separate showers, engineering walnut herringbone wood flooring, and air-conditioners. Electronic door locks are provided for entrance doors and video entry phones are fitted connecting with the main entrance. Ceiling heights average 2.80 metres and floor-to-ceiling insulated glass windows provide ample natural light and fantastic unobstructed views from most units day and night.

Prices at The Residences 38 start at THB 20,400,000 for a 1-Bedroom unit at 57 sq.m and extend to 243 MB for a 426.5 sq.m penthouse. Detailed price ranges are as follows:

Unit TYPE         Size/ Sq.M         Price Range (MB)
1 BEDROOM         57-75.5             20.4-28
2 BEDROOM (L)   124.5-151.5       56.1-68.7
2 BEDROOM (M)  107                   50.2-55.5
2 BEDROOM (S)   84.5-97.5         37.4-50.9
3 BEDROOM         171.5                 71.4-73.4
4 BEDROOM         210                  112.9-115.5
PENTHOUSE        426.5                239.9-243

Special promotions and discounts for early buyers available exclusively through Richmont’s include:

*Free Laundry Services from La Clef – 550 pieces/year for 5 years.
*Free housekeeping services from La Clef – twice per month for 5 years.
* PLUS a complimentary 1-Bedroom Standard Room at the La Clef serviced residences Bangkok:

Purchase a 1-Bedroom unit and receive 1-month per year for 3 years.
Purchase a 2-Bedroom unit and receive 4-months per year for 3 years.
Purchase a 3 or 4-Bedroom unit and receive 4-months per year for 5 years.
Purchase a Penthouse and receive 8-months per year for 5 years.
*PLUS cash discounts up to THB 2,000,000

Payment terms for The Residences 38 include a booking fee of THB 100,000 for 1-Bedroom units, THB 200,000 for 2-Bedroom units, THB 300,000 for 3 and 4 -Bedroom units, and THB 50,000 for penthouse units (or the equivalent in foreign currency) which is required as soon as possible to reserve. Thereafter a further deposit is required with final payment due upon transfer of ownership at the Land Office at the end of 2024. Please contact us for further payment details and mortgage availability for Thai nationals and foreign buyers.

The Common Area Management charge for The Residences 38 is THB120/M2/Month and the one-off Sinking Fund payment is THB 1,000/M2. This means the average monthly management fee for a 1-Bedroom 57 sqm unit-type is THB 6,840.

Thonglor is one of Bangkok’s most popular entertainment districts, well known for its classy bars, boutique shops, and fashionable clubs and restaurants. The Thonglor area is traditionally the domain of ultra-fashionable and moneyed Thais and in recent years, more and more foreigners have been enjoying the Thonglor scene too.

The Residences 38 benefit further by being nearby many amenities in the Thonglor area including Donki Mall, Japanese-themed Gateway Mall and Park Lane community mall. Also nearby are Big C on Ekamai Soi 8, Heathland Spa, Sukhumvit Hospital, Ekkamai International School and Major Ekamai cineplex and ice-skating rink.

By BTS Skytrain from Thonglor Station it is only one stop to Phrom Phong and the shopping and entertainment meccas of the new Emsphere as well as Emquartier and the Emporium. Two stops from Thonglor is the MRT interchange station at Asoke and Terminal 21 shopping centre.

The demographics of residents in the area are high-income Thais as well as Japanese expatriates, making The Residences 38 a particularly interesting proposition for investment buyers looking for a healthy rental yield and high capital growth.

The area around The Residences 38 is expected to enjoy significant capital growth in property values when Phase 1 of the Grey Monorail Line planned from Raminthra to Thonglor BTS Station starts operation. The environmental impact assessment study for the Grey Line has been completed and the construction of Phase 1 is expected to start in 2026 and open in 2030.

The Grey Line will intersect with several other mass transit lines when all three phrases are completed including the Pink Line, the Yellow Line, the Orange Line, the Light Red Line, and the Green Line at Thonglor BTS Station. When opened, the Grey Line is expected to carry around 140,000 daily commuters.

Location: Easy access to Thonglor BTS Skytrain Station (5 minutes’ walk) and Ekkamai BTS Skytrain Station and nearby shopping, entertainment and dining venues.

Quality & Amenities: Professionally managed with concierge services by La Clef. Beautifully designed limited units with well laid-out floor plans and extensive residents’ facilities.

Investment: Higher than average capital growth expected as new infrastructure opens. High rental demand from locals and expatriates with high rental yields.

Launch Promotions: Discounts up to 2 MB, free room stays at La Clef Bangkok for up to 8-months per year for 5 years, free laundry and housekeeping services for 5 years*

*Subject to terms & conditions. Limited availability.