The suburban Bangkok area of Saphan Mai, not far from Don Mueng International Airport, has been attracting attention from major property developers thanks to the development of the Green Line mass-transit route.
Despite selling prices as low as THB 72,000 per sqm, the area has seen 22 percent prices rises per year and can claim rental returns of between 5 percent and 7 percent.
This news comes from real estate firm Plus Property, which has suggested that areas around Sai Yut and Saphan Mai mass-transit stations could offer good potential for Bangkok property buyers and investors.
Anukul Ratpitaksanti, the Managing Director of Plus Property, said the Green Line route is 70 percent completed and is scheduled to open in 2020.
This, he said, has resulted in some major Thailand property developers entering the area that was previously dominated by small and local property developers.
Plus said that during the period from 2014 until 2017, condominiums experienced average sales of 84 percent per year.
Demand, resulting from purchases for real occupation, have been increasing by about 6 percent.
“Currently, Bangkok property buyers and investors might find opportunities with relatively unexaggerated prices in these locations.”
“This area is appropriate for investors looking to purchase rooms to rent because the rental returns stand at between 5 percent and 7 percent per year when compared with current selling prices,” said Anukul.