If you work near Victory Monument and your budget tops out around 15,000 THB a month, your options shrink fast. That area is full of aging apartments, overpriced serviced studios, and condos that look great online but smell like mildew in person. Then there is The Tree Phahon-Victory. Developed by Pruksa Real Estate, this budget condo sits right at the edge of one of Bangkok's busiest transport hubs, and it has quietly become one of the more popular choices for young professionals, fresh graduates, and expats watching their spending. But is it actually good, or just cheap? Let's break it down in this The Tree Phahon-Victory review so you can decide before signing anything.

Location: Steps from Victory Monument BTS

The Tree Phahon-Victory sits on Phahonyothin Road, about a five-minute walk from Victory Monument BTS station. That alone makes it a serious contender for anyone commuting along the Sukhumvit Line. You can be at Siam in about ten minutes, Asoke in fifteen, and Mo Chit in under five. Few budget condos in Bangkok can match that kind of connectivity at this price point.

The immediate area is pure Victory Monument chaos, which is either a selling point or a dealbreaker depending on your personality. The Century The Movie Plaza mall is across the street. King Power Rangnam is a short walk away. Street food stalls, motorcycle taxi stands, and minivan terminals for upcountry trips surround you in every direction.

Here is a real scenario. Say you work at an office near Ploenchit BTS and like to eat cheap. Living at The Tree Phahon-Victory, you would spend about 33 THB on BTS fare each way and have access to some of the cheapest boat noodles and pad kra pao in central Bangkok. Your lunch could cost 45 to 60 THB at the street stalls along Rang Nam Road. For a budget-conscious renter, this location punches way above its weight.

Unit Sizes and What You Actually Get

The Tree Phahon-Victory was completed in 2015. It is a high-rise tower with roughly 800 units, which already tells you something about density. Units come in three main sizes: studios around 22 to 23 sqm, one-bedrooms at about 28 sqm, and the occasional larger one-bedroom at 30 sqm. There are no two-bedroom units here, so families should look elsewhere.

The studios are tight but functional. Most come with a built-in kitchen counter, a basic wardrobe, and a bathroom that does the job. Ceiling height is standard, not generous. If you have been living in a 35 sqm condo elsewhere, the adjustment will feel noticeable. But if you are coming from a university dorm or a shared house, the studio layout here feels like a genuine upgrade.

Finishes are budget-grade Pruksa, meaning laminate flooring, simple bathroom tiles, and aluminum window frames. Nothing will wow you, but nothing is falling apart either. The building has aged reasonably well for its price tier, though some units show more wear than others depending on how previous tenants treated them. Always visit in person before committing.

According to DDproperty market data, average rents for studio and one-bedroom condos within 500 meters of Victory Monument BTS range from 8,000 to 15,000 THB per month. The Tree Phahon-Victory falls comfortably in the lower half of that range, making it one of the most affordable branded condo options near a major BTS interchange.

Facilities: Decent for the Price, Not a Resort

You get a rooftop pool, a basic gym, keycard access, CCTV throughout common areas, and a small lobby with a reception desk. The pool is narrow but swimmable, and on a clear evening the views toward Baiyoke Tower and the city skyline are surprisingly good. The gym has cardio machines and a few free weights. If you need a serious lifting setup, you will want a gym membership nearby. Jetts Fitness at Century Mall is a popular choice for residents.

Parking is limited. The building has a multi-story car park, but with 800 units competing for spots, availability can be tight. If you own a car, confirm parking access with the juristic office before signing. Most residents here rely on BTS, motorcycle taxis, or Grab anyway.

Picture this. You come home from work around 7 PM, take the elevator to the rooftop, and do a few laps in the pool while the sun sets behind Rang Nam. It is not the infinity pool at a luxury Thonglor condo, but it does the job. For what you are paying, the facilities are fair.

Rent Prices and Value Compared to Nearby Condos

This is where The Tree Phahon-Victory really stands out. Studio rents typically range from 7,500 to 10,000 THB per month. One-bedroom units go for about 10,000 to 14,000 THB. Furnished units on higher floors with better views push toward the top of that range, while lower-floor studios facing the road can dip below 8,000 THB.

To put that in perspective, here is how it stacks up against other condos near Victory Monument.

• The Tree Phahon-Victory: 5 min walk | 7,500 - 10,000 | 10,000 - 14,000 | 2015
• Ideo Q Victory: 3 min walk | 12,000 - 16,000 | 15,000 - 20,000 | 2014
• M Phahon Sutthisan (Ladprao): 1 BTS stop away | 9,000 - 12,000 | 12,000 - 16,000 | 2019
• Lumpini Park Vibhavadi-Chatuchak: 2 BTS stops away | 7,000 - 9,000 | 9,000 - 13,000 | 2014
• The Capital Ratchaprarop-Vibha: 8 min walk | 10,000 - 13,000 | 13,000 - 17,000 | 2018

The table makes the value proposition clear. Ideo Q Victory is newer and slightly closer to the station, but you pay a premium for that. Lumpini Park Vibhavadi is cheaper but sits further from the action. The Tree hits a sweet spot for people who want walkable BTS access without paying Ideo or Ananda prices.

Who Should Rent Here (and Who Should Not)

The ideal tenant at The Tree Phahon-Victory is a single professional or a young couple without kids, earning between 25,000 and 50,000 THB a month, who values location and transit access over luxury finishes. It is also a solid pick for digital nomads staying three months or longer who want a real lease instead of inflated Airbnb rates.

If you are a new English teacher working at a language school in the Siam or Asoke area, this is the kind of condo that lets you keep rent under 30% of your income while staying centrally located. You skip the long commute from the suburbs and still have money left for weekend trips to Koh Samet.

Who should avoid it? Anyone who needs more than 30 sqm of living space. Families with children, since there is no playground and the surrounding streets are not kid-friendly. Light sleepers who cannot tolerate traffic noise, because Phahonyothin Road is loud at almost every hour. And anyone who expects modern luxury finishes. This is budget living done competently, not boutique living done cheaply.

Common Complaints and Things to Watch For

No honest The Tree Phahon-Victory review skips the downsides. The most common complaints from residents include noise from the road, slow elevators during morning rush (800 units sharing a limited number of lifts), and inconsistent water pressure on higher floors during peak hours. Some tenants report that common area maintenance has declined slightly over the years, though the juristic office has been responsive when issues are raised.

According to Fazwaz property listings, resale prices for units in The Tree Phahon-Victory have remained relatively flat since completion, hovering around 75,000 to 90,000 THB per sqm. That is relevant if your landlord is an investor. Flat resale values sometimes make owners more flexible on rent negotiations, especially for longer lease terms of 12 months or more.

One thing to check carefully is the condition of air conditioning units. In a building this age with this many tenants, AC maintenance varies wildly from unit to unit. Ask the landlord when the unit was last serviced, and test it during your viewing. A poorly maintained AC in a small studio will make your electricity bill spike fast.

Also confirm internet options. Most units can get fiber from AIS, True, or 3BB, but installation timelines vary. If you need to work from home on day one, sort this out before move-in day.

The Tree Phahon-Victory is not glamorous. It will not make your Instagram followers jealous. But it delivers something that matters a lot more in Bangkok's rental market: reliable access to mass transit, a functional living space, and a rent price that does not eat your entire paycheck. For budget-conscious renters who need to be near Victory Monument, it remains one of the most practical choices available in 2024 and into 2025.

If you want to compare current listings at The Tree Phahon-Victory or explore similar budget condos near BTS stations, try searching on superagent.co. Superagent uses AI to match you with verified listings based on your budget, preferred location, and commute needs, so you spend less time scrolling and more time actually moving in.