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Six new luxury high-rise Condo Projects with a combined value of THB50 billion (USD 1.55 billion) are set to rise along the banks of Bangkok’s Chao Phraya River.
Despite the limited supply of prime plots in the area, the new riverfront projects, which will primarily target expatriate investors, were green lit that will cover about a four- or five-kilometre stretch along Charoen Krung and Charoen Nakhon roads. The new structures will stand adjacent to the existing fifteen luxury properties near the river.
Bangkok may become one of the prime destinations for developers in Southeast Asia due to the city’s inexpensive office spaces. Real Estate Industry experts expect a steady increase in demand for Grade A rent in Bangkok.
“No new Grade A supply was completed in Bangkok during the previous quarter,” Nithipat Tongpun, executive director of office services at CBRE Thailand, told The Nation.” Grade A rents will continue to rise on the back of limited supply and steady demand but the growth rate has now passed the peak.”
Although Bangkok real esate prices continue to rise, there are options available for even the smallest of budgets, further away from the CBD. Projects that are closer to the SkyTrain and MTS stations and the CBD tend to be pricier.
Here are ten insider tips for figuring out the Bangkok real estate industry.
Bangkok BTS Condo
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