Central location is still hot. Soil price rises, Sarasin Road, high-end location, expensive at 3.9 million per sq.w. the radio has arrived

central location Major business districts still need developers. large investors, both Thai and foreign Whether it is a leasehold, a long-term leasehold type of land, and a freehold, a type of outright sale, because aside from the scarcity of land, the price continues to rise continuously, whether it is Super high-end location Like Ploenchit, Chidlom, Witthayu, Rama 4, Sarasin, Lang Suan, the center of urban living activities that are always moving.

Especially the eye-catching location "Sarasin Road", a short route but creates great value for being owned, where Sansiri Public Company Limited sees a very rare feature because it is located in front of Lumpini Park, a large park over 100 years old. year including Benjakitti Park with memorable historical stories by such location No building can obscure the view.

If you go back to before, during the severe COVID epidemic in 2020, Sansiri made a new history by seizing such a beautiful piece of land. which is freehold land (Outright sale) with the MBK LIFE building of MBK Life Assurance Public Company Limited, a subsidiary of Thanachart Capital Public Company Limited or TCAP, area of ​​almost 2 rai, price of 3.9 million baht per square wah, is the new price. Hi and later found that

The building was renamed the "Hugs" building, which analysts have estimated as Such plots of land will be transformed to create a colorful, magnificent Fulfill the business district in the heart of the city to be bustling again. After the COVID outbreak eases investment

Including foreign tourists returning And many parties are watching that in the end, the face of the project This super luxury level How much buzz will it create after Sansiri has created a phenomenal “98 Wireless” project on Wireless Road?

Mr. Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, revealed the “economic basis” that the Sarasin plot of land is under consideration because it is a high-end market. Must be meticulous and consider products that meet the needs of this group of customers the most, which will be Sansiri's Super Flag because there is no such location anymore. A full pinee located in the central business district or CBD.

“Lumpini Park is considered a CBD egg yolk. Therefore, there is no more land around with this level of commercialism. More importantly, Sarasin Road is a premium road with a central island with tall trees. different from Rama IV”

Mr. Uthai explains the advantages of the project location to be designed and developed that, in addition to important roads and a large garden There are also electric trains connecting the area, including premium hospitals, all kinds of event venues.

However, for new projects, the selling price per square meter is definitely high. than compared to the 98 Wireless project on Wireless Road There are 77 super-luxury condos with a total value of 8,700 million baht, selling at a price of 7 hundred thousand baht per square meter and until the launch of the project. It must take at least 7 years from the date of acquiring the land to start designing. until the construction is completed and sold, which is a new project Likewise, it takes at least 3-4 years to complete the process before opening the market.

Mr. Uthai reflected that the central location is still in high demand, with variables from traffic congestion causing people to reduce travel and live in the city more. As a result, the price of land never decreases, on the contrary, it only increases.

“The price of land in the city has never decreased. even during a crisis due to infrastructure concentrated in the central business district such as a shopping center such as Siam Paragon in the Sukhumvit area Restaurants, schools, good hospitals are concentrated in almost all cities.”

However, land in the city often generate high returns The price is 3 million baht per square wah, the price tends to increase every year. Some locations moved up to 10%, such as early Sukhumvit, Wireless, Sathorn, Silom, etc.

For Sarasin Road, Pathumwan area has become the road with the highest deal closing at Sansiri. Bought at 3.9 million baht per square wah, overtaking the plot of land of SC Asset Plc. at Lang Suan, an area of 2 rai.

who bought it to develop a condo project, Scope Langsuan, and is currently open for sale at 3.1 million baht per square wah in 2018 and that time is the first time that land in the middle of the city has touched the main price of 3 million baht per square wah. along with creating a new norm Pushing for land in the middle of Khun Thong City, the business moves to raise panels to reach 3 million baht per square wah widely until now because of limitations from

1. Rare Land

2. In the hands of big capital

3. Fully developed area

4. locations with high potential amid complete travel networks with electric trains

Source:https://www.thansettakij.com/real-estate/559014

Date 15/3/2023