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Bangkok Property Developers Flock to City Hotspot

By on Oct 05, 2015 in Property News, Residential

The Ratchathewi-Phetchaburi zone in Bangkok has become a hotspot attracting significant interest from Bangkok property developers because it is predicted to be a major urban transit interchange in 2020.  This is one of Sukhumvit‘s parallel roads and has great access to the main shopping and business areas..

There are few new projects but those who have started have seen a spectacular take up of 95%.  Data from the first 6 months of 2015 show a 6% year on year price increase.  At the time of writing only 57 units remain unsold in the area. Over the last 3 years prices have increased by as much as 47% while high rise developments are well beyond the current average.

In the rental market the popular 1 bedroom units average at 800 THB per square meter per month providing around a 6% return on investment.

For the full article click here. 
Source : Bangkok Post 21st September 2015. Developers flock to city hotspot as land prices soar.

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