Executive Serviced Apartments (ESAs) have come a long way
since the first building opened in Bangkok on Lang Suan Road
in 1990. An early resident of that building recalls how it
was seen as an incredible novelty at the time. “My friends
thought I was mad. They said it would never catch on. Now
look...” was how she recalled the experience.
But if daring was the defining characteristic of early residents,
today’s profile is far more varied. Indeed, there’s no such
thing as a typical ESA resident any more. They come from
all over Europe, Asia, America, the Middle East, even Africa.
They come old and young, corporate and private, executive
and entrepreneurial. They may be on the technical, professional
or business development side of things. Or just on an extended
holiday or retirement diversion. They may be alone or accompanied
by their wife, husband, girlfriend, boyfriend and/or children.
They may come for a week once a year, or six weeks or six
months. Or they may come for a few weeks here and a few weeks
there, or stay for years. And just to complicate the picture
even further, like fingerprints no two residents have the
same set of preferences. So obviously they would have a variety
of needs.
Here are some experiences and tips from current ESA residents
in Bangkok that should help seekers make a good decision...
WHY AN ESA?
The primary motivation for choosing an ESA over a hotel is
cost. “The value you receive no matter where you stay is
far superior to a regular hotel,” says one resident.
But there are other factors. In certain locations such as
Ploenchit, there are very few regular apartments anyway.
An ESA can virtually be your only alternative.
Then there’s the convenience factor. “You can just walk
out the door and go home without a care, come back later
and resume where you left off without giving it a second
thought,” related one lady resident. “No need to cancel the
newspapers or worry what the maid’s going to get up to.”
Moreover, you don’t have to bother if something gets broken
— just call downstairs and someone generally fixes it right
away. And that doesn’t just apply to fuses and plumbing.
The lady resident recalled returning from a trip with a handle
hanging off her expensive luggage. “Without asking, the doorman
whisked it away and had the engineer repair it. It came back
good as new,” she said.
And as another perceptive resident underlined: “Convenience
is worth a lot of money; it gives you more time to do what
you want, when you want it.”
SEARCH RIGHT
If you’re going to spend quite some time in Bangkok, it pays
to research your accommodation thoroughly. One resident
physically visited 15-20 apartments before finally making
up his mind. Fortunately, what with most ESAs having websites,
you can start looking even before you arrive. If you’ve
got local contacts, ask them for tips. And don’t forget
the Bangkok Post Classifieds and its on-line database which
regularly highlight many of the best offers. The newest,
and most comprehensive, of course, is Bangkok Post’s Serviced
Apartments Directory 2004 — the complete reference.
SPECIAL OFFERS
With ESA’s generating yields superior to even 5-star hotels,
there’s no shortage of new supply. One recent arrival quipped
that she could make a career out of hopping from one special
launch offer to the next and never pay full rent. On the
other hand, she’s still paying the launch rent in her existing
building even though it is now running a high occupancy
rate because, as is quite common, the management has a
policy of rewarding loyalty. Whatever you decide, don’t
forget that start-ups tend to come with glitches that need
to be worked through in the initial weeks.