SATHORN STANDS out in Bangkok for having successfully undergone a major realignment, shifting from a commercial zone to a lifestyle-oriented neighbourhood boasting a wide range of choices – in residences, dining options and entertainment lures – to engage travellers and locals alike, a Nation survey has found.
Throw in the BTS and MRT rail lines passing through the area, and its many art galleries, parks, museums and lifestyle centres, and Sathorn presents a winning recipe for those able to pay for it.
Take for example the Bangkok CityCity Gallery located at the heart of the district, a contemporary art gallery featuring works by local artists and performers. Minutes away is MR Kukrit’s House. Once the abode of a former Thai prime minister, it is now a heritage museum showcasing the nation’s rich culture and history.
The location also has the promise of a quiet and relaxing spot to picnic or take a stroll. Though Bangkok’s largest city park, Lumpini Park remains a tranquil place to meditate and relax. Recreationalists can enjoy rowing, cycling, paddle boating – and an outdoor gym.
For those seeking an active lifestyle, Sathorn is a clearly a prime location to invest in property.
Meanwhile, Bangkok’s highest building, MahaNakhon, is located in the zone and serves as landmark and tourist destination. It is owned by King Power Group.
“I saw ever-more change in the Sathorn area as it evolved from a traditional and community area into a commercial and luxury residential area,” resident Wipa, age 48, told The Nation in an interview.
According to a survey by Plus Property Co Ltd, Sathorn has emerged as a residential destination due to the location’s large number of offices, as well as its location close to convenient mass-transit lines that enable quick journeys to other key locations including Sukhumvit Road, Wireless Road and Silom.
With all those advantages in the Sathorn environment, it may now have surpassed other popular locations, such as Sukhumvit, Wireless, and Silom, for luxury residential choices.
Land at this location has seen a meteoric rise from an average Bt450,000 per square wah just 10 years ago to today’s Bt2 million per square wah. Even higher prices could be in the offing as demand for residential space in the neighbourhood far outstrips the limited amount of land that can be developed for residential, a recent Nation survey found.