Victory Monument Condominium, worth to own

Victory Monument area, nowadays, is full of buses and vans which are the main public transportation here for both people in Bangkok and from provinces traveling to Bangkok. There are also leading department stores serving people from many places i.e. Center One and Century.

But you know what? Victory Monument area is a hub of medical professions. Among other areas in Thailand, it comes as number one due to having several private and public hospitals and medical institutions located, more than 20 places in total.

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There are more than 10 big private and public hospitals around Victory Monument area i.e. Ramathibodi Hospital, Children’s Hospital, Rajavithi Hospital, Phramongkutklao Hospital and Phyathai Hospital.

Moreover, there are several health and medical research institutes i.e. Pathology Institute, Dermatology Institute, Neurological Institute and National Cancer Institute. Leading medical school like Mahidol University, Phramongkutklao College of Medicine and Boromarajonani College of Nursing are also located here. This makes Victory Monument area having full of professional healthcare providers, those doctor, nurse, pharmacist, teacher and staffs in each hospital, more than 10,000 persons in total. There are also medical students coming to attend classes per chosen faculty and specialized study.

If dividing number of medical professions, there is a group of doctors on duty almost 2,000 persons in this area separated to hospitals and clinics, supportive group with more than 10,000 persons, and 1,000 medical students in each academic year.

Should doctor stay in condominium?

Doctor’s daily life is either seeing large number of patients or being special professor teaching medical students in universities; meanwhile, doctor also needs time to rest in order to prepare to work in the next day. Living near working place facilitates coming to work. This is why a group of doctors becomes interested in staying in condominium to be able to manage their time. The remaining time can be used for exercising or doing other activities. With these reasons, condominium is very popular among doctors and supportive staffs.

Good points for doctor if staying in condominium in Victory Monument area

• Near working place even being able to walk to i.e. Phramongkutklao College of Medicine, Children’s Hospital, Rajavithi Hospital, Ramathibodi Hospital and Pharmaceutical Organization

• More convenient, reduce stress, and be able to take some rest after work Near shops, restaurants and leading department stores i.e. Center One, Century, and King Power

• Near BTS, only 3 stations to Siam BTS, 5 stations to Chatuchak or Silom MRT, and only 1 station to Phyathai Airport Rail Link

• A type of long-term investments – Getting both convenience and asset

Doctors and medical staffs might choose to live in dormitory instead as the price is cheaper even less convenient and far from working place. If moving closer to working area, the same side as BTS or the main road, price will become higher which starts from 20,000 baht.

Some people might invest in condominium, being owner of the room in order to both facilitate their own life and have asset that value keeps increasing kept. Current selling price of condominium in Victory Monument area is at 180,000-230,000 baht per square meter and chance for the price to increase is also high comparing with the current projects that the price has been increased 4% per year. This can be a valuable long-term investment.

Conclusion:

Victory Monument area is the area that does not have new condominium constructed much as most of the land has already have public organizations located especially hospitals, research and medical study institutes which is the reason why here has been called as leading medication area. There are more than 20 institutes in this location. Moreover, factors related to land to be developed are not much i.e. near main road, BTS station or facilities. Condominiums in this Victory Monument area are developed to respond residents’ needs. It is very worthy to own.