Thong Lor Remains One Of Bangkok’s Most In-Demand Areas

8 ม.ค. 2561

Thonglor, Bangkok

Thong Lor is still one of Bangkok’s most sought-after residential locations even as land prices in the neighbourhood continue to skyrocket. A number of new condo projects have been launched here in the past few years and at least 2 new projects worth over THB21 billion combined are coming in 2018, reports local media.

The new condos will be launched as part of joint venture arrangements between Thai and Japanese developers. One of these projects will be from Origin Property Plc and Nomura Real Estate Development who want to create a development that has unit prices and sizes that aren’t currently available in the Thong Lor area.

Find Properties for Sale near Thong Lo BTS Station 

“Units will be at an affordable price, under THB10 million, as the existing condo supply in the Thong Lor area today is priced higher than THB15 million. Land prices get higher and higher and so do condo prices,” says Thongchai Busarapan, Chief Executive at Proud Residence Co, a subsidiary of Origin Property, to the Bangkok Post.

The price for new, high-rise condos rose by 159 per cent in the last 5 years while resale prices grew by 80 per cent during this time, according to research from Plus Property. Average condo prices were THB140,000 per sq. metre in 2012 but now stand at THB253,000 per sq. metre.

Land prices have also risen significantly in this time period. They have increased by 19 per cent per year during the past 7 years in the area between Asok to Thong Lor as developers looked to secure plots for their projects. Since 2012, nearly 2,000 units have been launched within a kilometre of the Thong Lor BTS station of which 75 per cent have been sold. Land prices in the Thong Lor area are projected to rise by at least 10 per cent per year over the next 2 years.

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.  

Receive the latest property news on email from Thailand’s No.1 property website here, or read more project reviews


ข่าว-บทความอื่นๆ ที่คุณอาจสนใจ

Bangkok’s Condo Market Looks Set To Grow In 2018

Bangkok's residential property market will grow between 5 and 7 per cent in terms of number of units and project value next year, according to research from Knight Frank Thailand. Developers have a po

อ่านต่อ28 ธ.ค. 2561

Lack Of Affordable Housing Sees Thai Millennials Turn To Renting

Millennials in Asia may have spending power and a rising influence in terms of consumption, but they remain selective when it comes to property. Young adults in the Asia Pacific region prefer affordab

อ่านต่อ4 ม.ค. 2561

Bangkok Not Among The World’s Safest Cities

The Economist Intelligence Unit released its Safe Cities Index 2017 where it ranks 60 major cities. The report, which measures crime rates, road safety, digital security, quality of healthcare, and ot

อ่านต่อ5 ม.ค. 2561