Bang Sue has been identified as a residential property hotspot in a new report.
Knight
Frank’s Asia-Pacific Residential Review report has revealed how the
northern Bangkok suburb is set to become a large terminal where many mass
transit lines will intersect.
The station, which is
currently served by the MRT Blue Line, is planned to be joined by the
MRT Dark Blue Line in 2016 (north-south line); also by State Railway of
Thailand (SRT) Dark Red Line in 2017 (towards Rangsit); and an extension
of the Airport Rail Link by 2017.
Risinee Sarikaputra,
Director of Research for Knight Frank Thailand, said: “Due to these
infrastructure developments, we are witnessing the redevelopment of the
surrounding areas with a significant uptick in interest from developers.
“The area is set to become a residential hotspot in the coming years.”
Knight
Frank also noted how political uncertainty in Thailand during the past
six months has not, as yet, had a significant negative impact on prices
of central Bangkok condominiums.
Although price growth has
been more subdued, prime condominiums in Bangkok still saw a 2 percent
increase in prices in Q1 2014, with demand remaining robust.
A
number of international developer launches have, however, been put on
hold until the domestic political situation stabilises, the real estate
firm reported.
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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 email: andrew@propertyguru.com.sg
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