Connect with us
The clever new way to send money abroad

Real Estate

New Condo projects focus on three Bangkok locations

The resurgence of Bangkoks condominium market has centred itself on three popular locations: Sukhumvit, Sathon and Phaholyothin-Aree

Published

on

The resurgence of Bangkoks condominium market has centred itself on three popular locations: Sukhumvit, Sathon and Phaholyothin-Aree. After delaying many new condominium projects because of political problems in the first half of this year, most leading developers are now rushing to launch new projects before the end of the year. Surveys by The Nation have revealed plans to launch more than 30 new condominiums with a collective market value of more than Bt100 billion in the fourth quarter. Nearly 70 per cent of them will rise in the three most popular locations – around Sukhumvit Road from Soi 30 to Onnuj, in the Sathon area and Phaholyothin-Aree. All projects will be close to Skytrain and subway routes. Meanwhile, the most sought-after condominium units have one bedroom and are priced between Bt2 million and Bt3 million.

The managing director of real-estate firm Knight Frank Thailand, Phanom Kanjanathiemthao, said the short-term outlook for Bangkok residential condominium development – without regard for political risks – was very positive, especially in the prime Sukhumvit, central business district and Phya Thai areas.

There will be very limited new development in these areas because of a lack of available land.Moreover, land prices in these areas has increased significantly in recent years, and prices for condominium units can also be expected to increase, he said.

via Condo rush focuses on three bangkok locations.

1 Comment

1 Comment

  1. Michael

    October 8, 2010 at 6:30 pm

    I wonder if anyone involved with the sale or promotion of real estate will ever say prospects for real estate are bad ?

Leave a Reply

Lifestyle

Bangkok falls 19 places to 49th most expensive location worldwide

Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.

Published

on

The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.

(more…)
Continue Reading

Property

Is There a Silver lining amid COVID-19?

Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.

Published

on

A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.

(more…)
Continue Reading

Most Read

Recent