Property agency Nexus Property Marketing Co Ltd said the Phoholyothin-Pradipat route has become the latest hot spot for development.
The offering prices are lower than nearby areas on Phaholyotin Road, while the travelling time and the environment are similar, according to the company’s managing director Nalinrat Chareonsuphong.
The Praditpat area is a new location with high potential. The area features hotels, shops and famous restaurants, located in the 3 to 4-storey commercial buildings along Pradipat Road, in the setting of an old community.
Currently, the land price there is around Bt600,000-800,000 per square wah. The land in nearby areas, such as small alleys in Ari, Phaholyothin Road from Chatuchak to BTS Saphan Khwai, and from BTS Saphan Khwai to Victory Monument, cost around Bt600,000-Bt800,000 per square wah, Bt900,000-Bt1 million, and Bt1.2 million-Bt1.5 million, respectively.