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Best Bangkok Apartments Follow The Mass Transit Route

By on Jan 14, 2014 in Property News, Residential

The top 10 locations for the development of new residential projects in Greater Bangkok over the next 12 months are all situated close to existing or planned mass-transit rail routes and the expressway, according to the Government Housing Bank’s Real Estate Information Centre.  The REIC’s research shows the top five locations for developing low-rise homes such as detached housing and townhouses are Bang Na-Phra Khanong-Soulong, Klong Long-Lum Luk Ka, Bang Yai, Phetkasem and Rama II. This is because they are close to either the expressway or motorways, which make it convenient to travel to and from the capital’s central business districts (CBDs).

Meanwhile, the most popular locations for the development of condominium projects this year are situated close to the first planned route of the Purple Line from Bang Sue to Bang Yai, the next Purple Line route – Thon Buri-Bang Wa-Phetkasem-Bang Kaethat – and the Red Line from Bang Sue to Rangsit, plus the existing Phaya Thai-Ratchathewi route and the central part of Sukhumvit Road, which has the BTS Skytrain running above it.

A survey by The Nation found that the top listed developers planned to launch 235 projects worth more than Bt272 billion combined in Bangkok and the provinces this year, covering the spectrum of condominiums, detached housing, townhouses and twin-houses. Sansiri is the next most ambitious player, with plans for 40 new projects worth about Bt40 billion. This is lower than last year’s level, as the company has changed its business strategy and will now get an environmental-impact-assessment permit before introducing each new project.

Besides the development of residential projects in the top 10 locations in Greater Bangkok, the leading developers are also expanding in major provinces around the country. These include Chiang Mai, Chiang Rai, Khon Kaen, Nakhon Ratchasima, Phuket, Udon Thani and Surat Thani, plus Hat Yai in Songkhla province, Cha-am in Phetchaburi province, Hua Hin in Prachuap Khiri Khan province, and Pattaya and Sri Racha in Chon Buri province.

Supalai president Prateep Tangmatitham said the company would spend Bt5 billion on acquiring land for the development of 24 projects this year, while Bt1 billion would be for expanding overseas investment, especially in land for the development of a residential project in Melbourne, Australia. Eight of the 24 projects to be launched by Supalai this year will be condos, and the remainder will be detached-housing and townhouse projects. At least seven projects will be in the provinces, including one each in Ubon Ratchathani and Nakhon Ratchasima, he said.

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