Bangkok hotspots revealed in new report

Thailand’s Real Estate Information Centre has earmarked the Ramkhamhaeng, Hua Mark and Krungthep Kreetha areas – which have seen increasing numbers of developments in the past five years – as being hot spots in the Thai capital.

According to a new report, many types of property have been developed in the areas along Ramkhamhaeng Road, Rama 9 Road and the Eastern Outer Ring Road.

Between 2006 and 2010, 29 projects with a total of 6,600 units were launched. Among them are 12 single detached house projects, 10 townhouse projects, seven condo projects. More than 90 per cent of all projects have already sold out.

During the first half of 2010, five new projects were launched in the area, all landed properties, with a total of 560 units. More projects are expected to be launched in these areas once the Airport Link is fully open for public use in August.

From the latest evaluation by the Treasury Department, the prices of land on Ramkhamhaeng Road range from THB51,000 – THB140,000 (US$1,580 – US$4,336) per square wah, except for Ramkhamhaeng Soi 24 where the evaluated land prices are from THB34,000 – THB60,000 (US$1,053 – US$1,858), but the selling prices in the market are higher. This is because the area is considered a prime location for residential properties, being located close to many amenities including universities, shopping malls and office buildings.