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New Property Development Opportunity in Phitsanulok, Thailand

By on Oct 03, 2013 in Property News, Residential

Infrastructure plans put the province in an ideal position as a transportation link.

With Phitsanulok relishing the prospect of becoming a regional logistics hub after the government’s Bt2-trillion infrastructure mega-project gets under way, the plans for the area present an opportunity for property firms to expand their investment in the lower-northern province. Phitsanulok’s strategy is to become the logistics and services hub of the lower North, given its ideal position as a transportation link between four countries: China, Myanmar, Vietnam and Malaysia.

According to a survey by The Nation, a number of listed property firms are planning to launch residential projects – both for condominiums and detached housing – in Phitsanulok this year and next. The main driver of these plans is the government’s planned high-speed train and improved rail system, plus construction of a major highway, which will turn Phitsanulok into the logistics hub of the lower North.

The major road – planned under the nationwide infrastructure programme – will cross the Indochina junction and link neighboring ASEAN countries. For example, Phitsanulok will facilitate the transportation of goods to Myanmar via Mae Sot to the west, while trucks will be able to link eastwards as far as Da Nang in Vietnam.

Sansiri, AP (Thailand), CP Land, Land & Houses and Supalai all have plans for residential projects in Phitsanulok. CP Land, a property arm of the Charoen Pokphand group, has already launched condominium projects worth up to Bt800 million under the Kalapapruk brand in the central business district of the provincial capital. AP (Thailand), meanwhile, plans to launch its first Phitsanulok condominium project, worth Bt700 million, in the middle of next month. Sansiri has acquired land locate close to CentralPlaza in the provincial capital, and plans to launch residential projects in the first half of next year. Land & Houses and Supalai both also plan to launch projects in the province during the course of next year.

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