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.
Thailand property developer Raimon Land recently presented its latest assessment of Thailand’s two most active condominium markets, Bangkok and Pattaya.
According to Colliers International Thailand's study, the Suburban Bangkok's condominium market showed signs of slowing down last quarter in 2013.