The Alcove Residence Thonglor 23 is a low-rise serviced apartment building in the Thonglor area consisting of only 20 attractively designed and furnished one-to two-bedroom units. The location is very convenient with access from both Sukhumvit Road and Petchaburi Road. The north side of Sukhumvit from Soi 23 to Thonglor has a large Japanese presence while the zone from Sois 1 to 21 is seen to mainly attract westerners.
Most foreigners tend to rent accommodation in Bangkok rather than buy their own home because they will only be in Thailand for 2 or 3 years. The Japanese make up the largest community of foreign expats accounting for about 22% of foreigners holding work permits in Bangkok. There is a constant turnover of expats whether new staff coming in or existing workers moving to new positions. Incoming expats are unlikely to move into same place or take over from their outgoing colleagues, making strong demand for high quality residences. The main factors that determine a unit for rent are location, unit layout, design and furniture, appearance and facilities. The 3 most popular residential areas in Bangkok are Sukhumvit 1-63, Sukhumvit Soi 2-4 and Lumpinee/ Sathorn.
With the financial support from Siam City Bank, the construction is completed and has been operated since January 2007. The place receives great response from clients and a promising success.
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