Townhome investment hotspots in Greater Bangkok

Real Estate December 26, 2017 14:51

By The Nation

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Property and facility management agency Plus Property says an anlaysis of the townhome market has identified seven suburbs in Greater Bangkok as being investment worthy.

The suburbs are 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. Growth is expected to be healthy in 2018 due to momentum from the growth in both demand and supply in 2017, the company said.

Anukul Ratpitaksanti, managing director of Plus Property, said that the company has been observing the take-up and absorption rates for townhouses in Bangkok and its vicinity – Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon and Nakhon Pathom – over the past three years.

The figures were then compared to mean values (six units per month per project and 47 per cent take-up rate). It was found that the seven localities were attractive for investment, with sales being higher than the mean value). 

Prices in these seven areas range between Bt1.2 million and Bt2.99 million, and these development projects are warmly received because of transport links to Bangkok. Analysis deemed that the offer prices (Bt1.2-2.99 million) were not high in any of the locales, with offer prices in the Krathum Ban-Sam Phran area even starting lower than Bt1.2 million.

When considering the potential of each locale, it was found that the Krathum Ban-Sam Phran suburb remained convenient for Bangkok, with residents able to enter the capital via Rama 2 and Phetkasem roads.

The lower starting price of less than Bt1.2 million was due to the development of projects that cater to local purchasing power.