Real estate information center opens 5 locations along the sky train line in Q2/23 Soaring land prices Green Line Yuen Nueng, land prices increased by 11.4%, No. 2, Purple Line (Bang Yai - Tao Poon), increased by 4.5%, No. 3 MRT and Dark Red Line an increase of 3.3%

real estate information center Government Housing Bank The vacant land price index report before development in Bangkok - its vicinity in the second quarter of 2023 found a change in a slower direction with an index value of 376.5 points, found to be an increase of 6.2 percent compared to the same period last year. but decreased by -2.4 percent compared to the previous quarter.

This indicates that the price of vacant land before development continues to increase but slows down from the first quarter. After the beginning of the market slowdown due to various negative factors, the overall rate of increase in the vacant land price index in this quarter was lower than the 5-year average rate before the crisis of COVID-19. (Year 2015 – 2019)

As for the price of vacant land before development along the route with electric trains in this quarter. It was found that the top 5 mass transit routes with the highest growth rate of land prices compared to the same quarter of the previous year (YoY) were mostly land plots with mass transit projects already open for service. And it is a future project that connects to important commercial areas and is an area that is currently being developed. The details are as follows:

No. 1 is the Green Line (Samut Prakan - Bang Pu) and the Green Line (Bearing - Samut Prakan), which are future projects and projects that are already open for service. which has an index value of 256.6 points and 252.8 points, respectively, and the growth rate of land prices increased by 11.4 % compared to the same period last year (YoY), with land prices in Samut Prakan and Phra Samut Chedi areas It is an area where prices have increased a lot.

No. 2 is the Purple Line (Bang Yai - Tao Poon), which is a future project. Which has an index value of 415.1 points and the growth rate of land prices increased by 4.5% compared to the same period last year (YoY), with land prices in the areas of Nonthaburi, Bang Yai and Bang Bua Thong areas where prices increased significantly.

Third place is the MRT and the Dark Red Line. (Bang Sue - Hua Lamphong) is a project that is already open for service and a project in the future. Which has an index value of 474.4 points and 467.0 points, respectively, and the growth rate of land prices increased by 3.8% compared to the same period last year (YoY). greatly increased

No. 4 is the Green Line (Mo Chit - Saphan Mai - Khu Khot) and the Dark Red Line (Bang Sue - TU Rangsit), which are projects that are already open for service. Which has an index value of 443.4 and 436.6 points, respectively, and the growth rate of land prices increased by 3.3% compared to the same period last year (YoY). greatly increased

No. 5 is the Dark Red Line (Hua Lamphong - Mahachai), a project in the future. Which has an index value of 440.4 points and the growth rate of land prices increased by 2.4% compared to the same period last year (YoY), with land prices in Chom Thong, Bang Bon and Bang Khun Thian. It is an area where prices have increased a lot.

Source:https://www.bangkokbiznews.com/property/1082016

Date 7/08/2023