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Purple Line already seeing developments mushroom

By on Aug 16, 2012 in Property News

The MRT Purple Line is one of the most popular routes for property development, with more available sites compared with the BTS and the existing MRT Blue Line, says the property consultant CBRE Thailand.

Executive director James Pitchon said there has been a growing level of development along the under-construction Purple Line despite much of the area having been flooded last year.

The elevated line will begin at Khlong Bang Phai and run along Rattanathibet Road, crossing the Chao Phraya River next to Phra Nangklao Bridge before connecting with the Blue Line at Tao Pun.

As of June, the line was 44.9% complete. It is expected to begin operating by mid-2015.

New condominium developments along the route are mostly along the eastern bank of the Chao Phraya (Tao Pun to Phra Nangklao Bridge), while townhouses and detached houses are seen on the western bank (Sai Ma to Khlong Bang Phai).

Condo prices generally do not exceed 2 million baht a unit, aimed at low- and middle-income earners. Most projects offer studio and one-bedroom units of 25-35 square metres. 

In the first half of this year, seven condo projects launched along the line.  CBRE’s research included only those developments within 800 metres of an MRT station.

Eight low-rise housing projects along Purple Line launched in the first half – three townhouse projects and five single-house projects.

Townhouse projects offer units priced at 1-3 million baht, while single houses are priced at 2.9 to 13.9 million baht.

To read the original article, please visit http://www.cbre.co.th/en/Housing-and-Condominium-Markets-along-MRT-Purple-Line.asp

Source : Bangkok Post 16 August 2012 http://www.bangkokpost.com/business/economics/307830/purple-line-already-seeing-developments-mushroom

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