A new survey from a Bangkok real estate agency has revealed the top three locations for new launches during the first half of 2017.
Bangkok CitiSmart said the top location for new launches during the first six months of the year was between On Nut and Bearing alongside the BTS skytrain system. Six new projects with 4,478 units worth a combined THB 20 billion were debuted.
Second place went to Lat Phrao, from Ratchayothin to Kasetnawamin, close to the new Yellow line and extension of the Green mass transit routes. This location saw 10 projects worth THB 20 billion and 4,447 units.
Third ranked by the agency was from Bang Sue to Phra Nangklao Bridge, where three new projects worth THB 18 billion were launched, offering a total of 4,216 units.
I would personally file this in the ‘surprising’ file. I don’t dispute this happened, but I think these locations would back up the ‘developers moving to the low-income sector’ story. It’s certainly not a story a lot of property developers and real estate agents will be happy to hear.