Electric train, transforming the city center, pushing the price of land soaring Big capital pins mixed use, BTS line, Pathum Wan location, Rama 4 Road, large city, Bangkok Day, Central Dusit, gradually opening in 2014

investment in the electric train network Sparking the transformation of the city from revolutionary shophouses to tall buildings. And the land price is constantly high, especially in the center of the city where developers cling to the development area. making the area around the train station There is potential in addition to being a source of living. It is also a passenger transfer center. to the destination at a time which currently reflects that The private sector leads the development of the area around the station for efficiency. After the government invested in the infrastructure system

Academic seminar on "Mixed Use Projects and Driving TOD" organized by the Real Estate Information Center (REIC) was a project survey. Mixed-use (Mixed-Use) in Bangkok-perimeter areas that are under sale and rent. in the first half of 2023, which reflects the large-scale real estate market in the city

"REIC" defines a mixed-use project in this survey as a real estate project with a total building area of 10,000 square meters or more and two or more building types being utilized. It is an investment from a single developer or a joint venture. It may consist of residential condominiums, shopping centers, office buildings, hotels (excluding hospitals).

The survey found that in Bangkok and its vicinity, a total of 126 projects with an area of 15,312,966 square meters, consisting of projects completed in Bangkok and its vicinity in the first half of 2023, there are 110 projects with a total construction area of 11,462,394 square meters, while projects under construction and Not yet built to be completed in the second half of 2023-2027

Another 16 projects with a total area of 3,850,572 square meters, such as the first phase of Phimaha Project One Bangkok, located on Wireless Road, Rama IV Road, Dusit Central Park Project, Silom-Rama 4 location, The Forestias' project. On Bangna-Trad Road, Km. 7, etc. by Pathumwan zone It is a highly developed location, with 1,711,990 square meters of space being released in 2027, accounting for 14.9% of the current completed supply. at 11,462,394 square meters

While the increase in land prices affects development and people entering the area, it is found that The Green Line (BTS), the Sukhumvit Line, had 33.6% of the shares, the MRT had 18.5%, and the Silom BTS had 14.2%.

However, it is estimated that the mixed-use project When construction is completed in the heart of the city, there will be a major transformation of the city. important purchasing power to happen inevitably comes from foreigners!!!

Source:https://www.thansettakij.com/real-estate/575170

Date 5/09/2023