Soaring land prices More than 1.5 million per wah, pushing the golden location "Lad Phrao Intersection - Ratchayothin Intersection" Boom Sanan Condo flooding 25,000 units, 2 lines of the electric train

The area from Lat Phrao intersection up to Phaholyothin Road to the surrounding area Ratchayothinakorn intersection changes And has been developed since more than 10-20 years ago, there are 2 large shopping centers, Central Ladprao and Union Mall. Including Major Cineplex Ratchayothin, which helps stimulate interest. And has the potential for this area since before Then changes in the surrounding area. Mo Chit BTS station, which is a connecting station of 2 electric train routes

became another important factor that helped increase the potential of the area around Lad Phrao intersection to change in a clear better direction Excluding the service of Bang Sue Central Station. that although it is far away and has not yet seen the impact on the surrounding area, but if in the future When Bang Sue Grand Station opens for full service, changes may be seen in the surrounding area than at present. Many mixed-use projects or office buildings are happening in the surrounding area. or not far from Mo Chit BTS station and increase the potential of the surrounding area clearly

“Property DNA” analyzed that The extension of the Green Line electric train route up along Phaholyothin Road has opened recently. Create another change in the area along the route. Especially noticeable at the beginning of the extension is the area around Ha Yaek Lat Phrao Phaholyothin 24 station, including Ratchayothin station.

Ha Yaek Lat Phrao Station is a station that connects 2 electric train routes, similar to Mo Chit Station, which is a connecting station between the Green Line. and the Blue Line, which in the past 3-4 years has had many condominium projects launched for sale.

Although many projects have been sold before the construction of the sky train line has begun. but not many But when the construction began, new condominium projects began to be opened for sale in the area from Lad Phrao intersection up to the surrounding area. Ratchayothin intersection more again

Total condominiums in the area from Lat Phrao intersection to the area around Phaholyothin 24 BTS station are approximately 13,900 units, including Ratchayothin intersection, more than 25,000 units, but the sales rate is quite high. because the average sales rate is almost 90% already

This area was already ready and had enough potential to become a center of living. because there are both shopping centers multilevel educational institution and not far from a well-known higher education institution Including having a large source of work because there are many office buildings within a radius of not more than 3 kilometers from Lad Phrao Intersection There is another office building under construction. Various readiness exists, but there may be a shortage of land for development. Because the land

Has been continuously developed since the past almost find land to develop various real estate projects Very difficult to find in the area around Ha Yaek Lat Phrao Land prices are quite high. Because the land is less And the potential has always changed in a better direction. Especially in the last 10 years.

Land prices have increased more than doubled from the previous 4-5 years. Some areas, such as around Ha Yaek Lat Phrao, land prices have already gone up to more than 1.5 million baht per square wah. Ratchayothin is also more than 1 million baht per square wah. This has an effect on setting the selling price of condominiums in the area as well. Condominiums in the area from Lat Phrao intersection to Ratchayothin intersection.

If it's a project next to Phaholyothin Road, they all have a selling price of more than 100,000 baht per square meter. Many projects have a selling price of more than 150,000 baht per square meter. even though it is a project that has been sold 3-4 years ago

The real change of the area from Ha Yaek Lat Phrao to the intersection.

Ratchayothin should become clear in 2022. because Central Group announced that it would develop a large mixed-use project in the same area of G Land Group and BTS, which after Central Group took over G Land Group Then buy a stake in a company that owns a large plot of land of about 46 rai from the BTS group. and got this plot of land to be the sole owner Therefore, it became clear in the direction of the development of this project. The development is divided into several phases, with Phase 1 being a large shopping center.

to increase the potential of the area Then the next phase Go will be the matter of the office building. and housing It is expected that it may take another 3-4 years to complete all phases. But only by this it became clear how great the potential of this area was. Previously, there was another plot of land that used to be an old creation area of about 33 rai that was likely to be developed into a real estate project. But will have to wait a little longer.

Because the use has already been changed to the "Jod Fair" night market, which is a form of land use that has attracted the attention of many large landowners in Bangkok, talking about the night market, there is still 1 An interesting market nearby is the Green Vintage Market at Ratchayothin Intersection.

If considering only the factors only at present This does not include changes that may occur in the future when several plots of land are leased until the expiration of the lease agreement. Only for the current project, it is clearly seen the potential of the area from Lat Phrao intersection to Ratchayothin intersection. Just by this, it can be said that this area has the highest potential in the middle Bangkok area.

Source:https://www.thansettakij.com/real-estate/564741

Date 12/05/2023