More than 3,000 new condominium along Thailand International Airport Rail Link line, worth over Bt30 billion, are slated for completion and transfer to owners by the end of the year.
Popular locations around the Airport Rail Link (Suvarnabhumi-Makkasan) include Asoke, Phetchaburi, Ratchapralop and Makkasan.
Most developers launched residential projects to cater to demand for units in these areas over the past two years. The projects include the 547-unit The Complete Ratchapralop by Prinsiri, worth Bt1 billion; the 447-unit Ideo Verb Ratchapralop by Ananda Development, worth Bt1.5 billion; and the 329-unit Chiwathai Ratchapralop, worth Bt1.3 billion.
Fragrant Property Group launched The Circle condominium project, worth Bt4 billion with 901 units, last year. The project is 90 per cent sold.
Equity Residential launched the My Resort condominium project, with more than 200 units, on Phetchaburi Road last year. Pool Asset has also launched a condominium project, the 470-unit True Thonglor.
With the Airport Rail Link's construction already complete and test-runs planned for December, two more developers recently launched new projects in the rail line’s vicinity, worth Bt6.3 billion in total.
Asian Property Development's latest luxury condominium, the Address Asoke-Petchaburi, is worth Bt3.3 billion. This project has 574 units at a starting price Bt5.23 million each.
TCC Capital Land, a joint venture between Singapore-based CapitaLand Group and TCC Land, which is owned by beverage tycoon Charoen Sirivadhanabhakdi, has introduced a condominium project, Villa Asoke, worth Bt3 billion. This project has 525 units at a starting price Bt2.99 million.