Top 5 Locations with Highest Returns

11 ธ.ค. 2560

เช็คอิน 5 ทำเลทองอสังหาฯ ซื้อปุ๊ป กำไรมาปั๊ป

 

Highlights…
– Phra Khanong and Chatuchak are on spotlight as BTS Green Line’s extension progresses
– Condominiums still rank No.1 for investments due to rapid price growth
– Aging consumers interest in condominiums for post-retirement living

[Special Scoop] While some locations in Bangkok have worried investors about its improbable real estate growth, there are top 5 locations poised to prosper at the moment. These locations are districts in CBD such as Wattana and Ratchathewi, and new emerging areas like Chatuchak, Phra Khanong, and Khlong Toei, all of which show a significant price growth in the property market – especially condominiums which rank No.1 in both popularity and returns.

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5 Golden Locations
The real estate market’s slowdown, caused by contracting economy and high household debt in 2015, had lowered consumer purchasing power – especially in medium and low-end segments – for nearly two years. However, the first quarter of 2017 saw a greater number of supplies year-on-year, and a higher property price index in residential projects resulted from higher land prices (2016-2019) adjusted by Treasury Department. In other words, the market is shifting to an upward trend, and areas which had experienced rapid price growth in the past two years belong to these five locations as follows:

 

จตุจักร ทำเลทองอสังหาฯ น้องใหม่ มาแรง

Chatuchak – a notable emerging location

 

Best New Locations
1. Chatuchak – the average starting price in condominiums in Q3 2017 is at 108,951 baht per square metre, a 10% growth year-on-year compared to Q3 2016’s figure at 93,651 baht per square metre.
2. Phra Khanong – the average starting price in condominiums in Q3 2017 is at 101,450 baht per square metre, a 7% growth year-on-year compared to Q3 2016’s figure at 89,000 baht per square metre.
3. Khlong Toei – the average starting price in condominiums in Q3 2017 is at 166,667 baht per square metre, a 4% growth year-on-year compared to Q3 2016’s figure at 154,318 baht per square metre.

Top Locations in CBD
4. Wattana – the average starting price in condominiums in Q3 2017 is at 153,846 baht per square metre, a 3% growth year-on-year compared to Q3 2016’s figure at 139,286 baht per square metre.
5. Ratchathewi – the average starting price in condominiums in Q3 2017 is at 173,133 baht per square metre, a 1% growth year-on-year compared to Q3 2016’s figure at 166,071 baht per square metre.

อานิสงส์ของรถไฟฟ้าสายสีเขียว ส่งผลให้ราคาอสังหาฯ ปรับตัวสูงขึ้น โดยเฉพาะจตุจักรและพระโขนง

BTS Green Line has increased property prices especially in Chatuchak and Phra Khanong

Factors Boosting Property Price Index
A sudden growth of property prices in these five locations is due to many developments from the public sector, particularly the expansion of mass transit lines, and the growth of office building market. In the first half of 2017, the total rented space in Bangkok’s office buildings is 143,000 square metre, a close figure to the previous year’s. However, Bangkok’s office building market in the second half is expected to show a significant growth, especially in premium buildings which now have the vacancy rate less than 7%, implying a strong demand for offices with high quality. A healthy office market will support the growth of property market in all the five locations, meanwhile, the BTS Green Line’s expansions (Mochit-Saphan Mai-Kukot and Bearing-Samut Prakan) will benefit Chatuchak and Phra Khanong Zones in particular.

คอนโดมิเนียม รูปแบบอสังหาฯ ที่ได้รับความนิยม ในกลุ่มผู้อยู่อาศัยกำลังเข้าสู่วัยเกษียน

Condominiums are popular among aging consumers for post-retirement living

Condominiums rank No.1 for investment
From the first quarter of 2015 to the third quarter of 2017, condominium and townhouse prices in these five locations have grown by 5% and 4% respectively; the single house price, however, remains unchanged. Besides its largest market share in terms of property types, condominiums are also deemed as the most profitable property to invest, regarding its characteristics of being close to workplaces and mass transit lines, or modern designs which follow the trend Prop Tech, all of which prompt an increasing demand from the consumers. Interestingly, aging consumers are also looking forward to live in condominiums during their retirements.

More insights about real estate investment in potential locations Download DDpropperty Property Index Report here and don’t forget to check mortgage calculators which can help you figure out how much you can afford, how much you should borrow, and more.  

This article is written by Araya Siripyak, Content Writer at DDperoperty.com. For more information, please contact araya@ddproperty.com

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