Whilst much of Bangkok’s central locations such as Sukhumvit and Silom are saturated, densely populated and lacking supply for new land plots, attention has turned to other areas of the capital.
Over recent years many developers have set their sights on the banks of the Chao Phraya River which have ramped up riverside living a notch or two with the welcome of a range of new properties including some super luxury products that sit alongside waterfront hotels, temples and iconic bridges. Here residents enjoy river life that is rooted in history, culture, and tradition that is a far cry from the city’s commercial districts that are packed out with skyscrapers.
One area to piggy-back off the success, and demand, of the Bangkok’s riverside, is Rama 3. Incorporating Narathiwas-Ratchanakarin Road south of Chan Road, Charoenkrung Road, and Rama 3 Road and its interlinking sois is one of these new locales.
The demand of Rama 3 has been fuelled least of all by its more competitively priced condominiums than central Lumpini that it sits next too. Additionally, another driver for its popularity is its strategic location that also relishes indirect access to business districts such as Silom and Sathorn which still today headquarter major banks such as Bank of Ayudhya, Bangkok Bank and Kasikorn Bank.
Everyday conveniences are in abundance in this part of Bangkok. Serviced by the BTS Skytrain at Chong Nonsi as well as the BRT, residents can easily get around on public transport or via car on one of the local expressways that include Bhumibol Bridge, Chalerm Maha Nakhon Expy-Sathu Pradit and Sirat Expressway-Rama. Central Plaza Rama 3 means that there is no need to venture into the city’s other shopping hubs, as well as supermarkets, hospitals, and schools being in the vicinity too.
Even better are the hard facts: Rama 3’s average prices are between THB 350,000 to 450,000 per square metre which is even more appealing when next door in Silom this figure is closer to one million.
Unsurprisingly, Rama 3 is tipped for growth and is considered a good place for investment which will be spurred further by the development of the Grey Line monorail that in the future will operate at Rama 3, Narathiwat Ratchanakharin and Sathu Pradit. But in the meantime, this neighbourhood provides an alternative atmosphere with a slow-paced lifestyle which its residents embrace.
Interested in renting/buying a property in Rama 3 and other hot areas in Bangkok, talk to our specialists and you might want to Check out our comprehensive buying tips/guides