EXCLUSIVE: Buyers of newly-launched Bangkok condominiums located within 200 metres of a mass transit station in the city can expect to pay up to 300 percent more than similar projects outside that all-important golden zone.
Projects located close to BTS (skytrain) stations also command a hefty premium of as much as 24 percent that those located along MRT lines, according to the latest research from Colliers International Thailand.
New developments within 200 metres of a skytrain station can command prices of up to THB180,000 per sqm, according to research from the real estate firm, while the average for developments located more than one mile away is just THB60,000 per sqm.
New projects located within 500 metres of either a BTS or MRT stations commanded the highest take-up rates during the first quarter of the year – at 55 percent. Those more than one mile from a station enjoyed just a 36 percent take-up, but this was higher than those located between 500m and a mile from a station because there was little difference in price and Bangkok buyers were not significantly attracted by the relative closeness to stations – versus lower priced projects located further away.
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Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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If you have a news story or comment for publication about Thailand property or real estate please email andrew@propertyguru.com.sg