Seven Bangkok suburbs have been highlighted as being “investment worthy” for townhouse investment.
It would also seem that whilst this research refers directly to townhouses, condominiums in the seven named Bangkok suburbs would also be considered worthy of consideration for all property investments.
The report, by real estate firm Plus Property, shone the spotlight on the Bangkok suburbs of Krathum Ban-Sam Phran, Thung Khru-Phra Pradaeng, Thonburi-Rat Burana, Lat Lum Kaew, Don Mueang-Sai Mai, On Nut-Bang Na and Suvarnabhumi-Bang Sao Thong.
It noted how current pricing continues to attract buyers, and that growth is expected to be healthy in both demand and supply.
Anukul Ratpitaksanti, the Managing Director of Plus Property Company Limited, said his company has been observing the take-up and absorption rates for townhouses in Bangkok and its vicinities during the past three years.
It found seven locations where sales were higher than the mean value.
The Krathum Ban-Sam Phran suburb, was not far from Bangkok, allows residents to enter this city via Rama 2 and Phetkasem. Prices of townhouses in this suburb start lower than THB 1.2 million, a price only found in areas where land prices have not yet become expensive. Krathum Ban-Sam Phran is the suburb with the highest response rate for townhouses at this price, owing to development of projects that cater to local purchasing power.
The Thung Khru-Phra Pradaeng suburb near Chaloem Maha Nakhon expressway and Kanchanaphisek Road allows its residents to commute to other regions easily. The suburb is also not far away from the South Purple Line electric train line (Tao Pun-Rat Burana), where construction will commence at the end of this year. The extended Purple Line will also draw people from the Thonburi side of Bangkok to the central transport hub of Bang Sue, allowing for convenient linkages to various locations downtown.
Thonburi Rat-Burana is a suburb on the Thonburi side situated near business centres, and is surrounded by three electric train lines. There are the BTS’s Dark Green Line (Silom Line) that has been in service for many years, the extended Purple Line (Tao Pun-Rat Burana stations) – where construction will commence at the end of 2018, and the extended Blue Line (Hua Lamphong-Bang Khae) – which is 85 percent complete. Residents in this suburb will be able to travel into Bangkok’s downtown area using many routes.
Lat Lum Kaew is a suburb in Pathum Thani which has access to Bangkok via the Udon Ratthaya expressway. It is linked to other regions of Thailand by Kanchanaphisek Road and is not far from the Red Line electric train (Bang Sue-Rangsit), where construction is 60 percent complete. Service is planned to commence within three years, and the Thai government plans to extend the line from Rangsit station to Thammasat University Rangsit Campus. This link will facilitate easier commutes.
Don Mueang-Sai Mai is to the north of Bangkok and has access to the Red Line suburban electric train (Bang Sue-Rangsit stations), as well as the extension of the Green Line electric train (Mochit-Saphan Mai-Khu Khot stations). Service is planned to commence within three years for both lines. Access to downtown is also facilitated by the Uttara Phimuk expressway (Don Mueang tollway) and Ram Intra-At Narong expressway. These links make this suburb popular with company employees, airport staff and business owners in the area.
The On Nut-Bang Na suburb is located near business centres and has access to downtown through the Green Line BTS train (Mo Chit-Bearing stations). The Chaloem Maha Nakhon expressway also facilitates travel to various destinations. The purchasing group in this location is served by the long-running Green Line BTS train, also known as the Sukhumvit Line. Because of this, townhouses developed in this suburb have continued to be popular during the previous two years.
The Suvarnabhumi-Bang Sao Thong suburb is situated in Samut Prakan province – home to Suvarnabhumi Airport. Access to downtown Bangkok and links to other regions are provided via Burapha Withi Expressway, the motorway, Kanchanaphisek Road. (Outer Ring Rd.), the Airport Rail Link electric train (Phaya Thai-Suvarnabhumi), the Green Line extension (Bearing-Samut Prakan stations) and the Yellow Line (Lat Phrao-Samrong stations). The development of the latter is being prepared by the government. These links are spurring demand for townhouses from workers at Suvarnabhumi Airport and business owners in the location.
“Results from our surveys of the Bangkok suburbs point to a return of purchasing power for the town house category,” said Anukul.
“Demand and supply continued to grow healthily during 2017, although there were no specific policies to stimulate the real estate sector.”
“We expect the market for townhomes to continue growing this year because prices have yet to rise significantly, and match the purchasing power of locals in the Bangkok suburbs.”
“Consumer confidence is also expected to grow in the same direction as the continually improving, and this momentum is expected to carry over to 2018”, he concluded.