Connect with us

Real Estate

City condominium Developers follow Mass Transit lines

The evolution of Bangkoks property market over the past two decades has closely tracked the development of rail mass transit, with a huge increase in condominium supply along BTS and MRT routes.

Daniel Lorenzzo

Published

on

BTS Map Bangkok

It is no accident that the massive surge in project development in suburban areas coincides with announced plans to extend mass transit routes into the greater metropolitan area

The evolution of Bangkoks property market over the past two decades has closely tracked the development of rail mass transit, with a huge increase in condominium supply along BTS and MRT routes. As new rail lines and extensions slowly take shape, condominium developers are looking farther afield to the suburbs, where single houses and townhouses used to dominate the market.

BTS Map Bangkok

The BTS skytrain began operation officially in December 1999

Most of the condominium units in Bangkok from 1993-1998 were located in business areas, such as Sukhumvit, Silom and Sathon roads in the city centre, on Ratchadaphisek Road in the northern fringe area, and Rama III Road in the southern fringe area. Those five main roads were popular for condominiums as all were located in or connected to the citys main commercial areas.The BTS skytrain began operation officially in December 1999, connecting Silom, Sathon, Sukhumvit, Phloenchit, Phaya Thai, Rama I and Phahon Yothin roads within the inner city area.

The MRT underground line opened in 2004.

Both lines helped stimulate the condominium market as many projects were launched along the routes and near stations, especially from 2001-2005, with some developments also in the suburban Bangkok area.The success of mass transit in the city led the government to plan extensions of both lines to suburban Bangkok, and an official announcement in 2006 called for five new lines, starting with the construction of the MRTs Purple Line in 2009 and its Blue Line in 2011.

The Purple Line will extend from the Bang Sue station and run to Bang Yai in Nonthaburi. Most residential projects now along this line are housing estates, with a few condominiums launched in the past two years, most of them in the Bangkok area.

via All aboard! city condominium developers follow rail lines

Comments

Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

Published

on

Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

(more…)
Continue Reading

Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

Published

on

iStock-1135535759.jpg
Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

(more…)
Continue Reading

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending