"LWS Wisdom" points out that "Ratchaphruek" is a potential location for low-rise housing development that meets the needs of people of all ages, connecting 4 electric train lines, focusing on the purple line. Drive demand for houses in the west of Bangkok boom

"Ratchaphruek", a good potential location, developers are interested in investing in the area. Especially low-rise housing that supports people of all age groups. Mr. Praphansak Rakchaiwan, Managing Director of LWS Wisdom and Solutions Co., Ltd., a real estate research and development company affiliated with L.P.N. Public Company Limited Analysis that due to the development of the transportation network The main roads are Ratchaphruek-Kanchanaphisek Road, 42 kilometers long, Chaiyaphruek Road, Highway 345 and Highway 346 that cut through 3 areas:

Late Ratchaphruek Connect Pathum Thani Province Central Ratchaphruek in the area of Nonthaburi province and connect to Ratchaphruek at the beginning Easy access to the area connecting Bangkok and the heart of the city, Sathorn-Silom. or choosing to use the Si Rat - Outer Ring Road Expressway to avoid traffic jams

While the existing electric train routes in the Ratchaphruek area have 4 routes, namely the Green Line The beginning of the Ratchaphruek line Bang Wa Station The Blue Line route connects to Bang Wa station. Extending to the station from Hua Lamphong - Bang Khae and intersects with Ratchaphruek Road There are important electric train lines, including the MRT Purple Line, between Bang Sue and Tha Phra. The station ends at Khlong Bang Phai. It is a line that is convenient for residents in this area and is also a line that passes through many important places.

such as Nonthaburi Provincial Government Center Ministry of Public Health or continue to the Blue Line to enter the city center as well It can also be connected to the Light Red Line, which is a suburban electric train that connects to the Dark Red Line. From Bang Sue Station to Bang Son Station and there is an extension to the Salaya area

Considering the connection route of the Purple Line, the "Ratchaphruek" zone is a strategic location in the western suburbs. because it is a location with a road that connects to the main and secondary roads Convenient to connect the city with the Purple Line train throughout the line. It can be said that it covers all needs. Make traveling that is already convenient even more convenient.

In addition to convenient transportation, the Ratchapruek area is also a neighborhood that consists of facilities. And including entertainment venues that meet all lifestyles in the city (Lifestyle) consisting of large department stores Central Westgate, IKEA Bang Yai, The Circle Ratchaphruek, The Crystal SB Ratchaphruek, The Walk Ratchaphruek and Tesco Lotus, etc., as well as in terms of lifestyle, such as many restaurants and cafes like Chic Republic on Ratchaphruek Road along the way. and interesting cultural attractions such as Koh Kret and Wat Boromracha Kanchanapisek Anusorn (Wat Leng Noey Yi 2)

At the same time, the Ratchapruek location also has educational facilities. And public health near International School, Kasemrad Hospital Rattanathibet, Kasemrad Hospital International, and Phyathai 3 Hospital

From the survey, it was found that there were residential projects. The price level is less than 10 million baht, attractive in locations around the study area in the central Ratchaphruek area. There are a total of 7 projects with a total of 616 units. The starting price is 5.5 million baht. A total of 166 units have been sold, accounting for 27% of the total number of units sold. The average sales rate is 2 units per month per project. From the number of remaining units, it is expected that the selling period will not exceed 2.5 years.

As for the price that sells well, the price is 5.5 million baht and not more than 6 million baht. The number 1 most popular type of house is a twin house. The size of the land is 37 square wa. The second number is a single-family house. The land is 60 square wa. The best-selling house model is 3 bedrooms, 3 bathrooms, 2 parking spaces and a multipurpose room to adapt to the needs of residents who are interested in residential projects in the group. Workers who want a house next to the electric train that can connect to the city center and self-employed people who want a home that can work from home

While surveying the second-hand home market in the location, it was found that the price was lower than when the project was launched. The average negative return on investment was 0.63% due to the large number of new housing developments with similar price levels. This makes buyers inclined to purchase new launch projects. The most popular used homes are detached houses. The initial land size is 51 sq.w., standard layout, 3 bedrooms, 3 bathrooms, 2 parking spaces, the average rental rate in the location is 10%.

by Ratchaphruek location It is a location with a population in the area of almost 600,000 people, approximately 415,000 people in the area and a latent population of approximately 150,000 people, and is a population group with an average income of 50,000-200,000 baht per month per household which is a group of people with high purchasing power It is a group of people who work in companies and business owners. It is therefore an opportunity for real estate developers. in the development of residential projects including townhouses, twin houses, and single detached houses. at a price not exceeding 5-10 million baht

Ratchaphruek location is a location that is developing rapidly. Both transportation, shopping centers and various facilities are complete. Therefore, it is a location that meets the needs of buyers, especially buyers who are working people who want low-rise housing that can connect to the city center. While the attractive housing price level in this location still responds to groups with high purchasing power. Therefore, it is an opportunity for real estate developers to invest in residential project development. By emphasizing development that responds to living in the Next Normal style, including working from home and bring technological innovations to use in living in the future

However, after the epidemic of the new strain of Coronavirus 2019 (COVID-19), life in urban society has changed in a new way called New Normal or a new way of life. Both about working and living

From the urban society in the past The workplace is located in the heart of the city like the Central Business District (CBD), making the demand for housing in the city center very competitive. However, after the COVID-19 situation causing adjustments in all business sectors In terms of work, the work from home policy has been implemented to reduce the spread of the disease. Including the development of technology in the online system to support the work in this system.

resulting in more people staying at home There is social distance (Social Distance). At present, we are learning new technologies and innovations. to apply to live a new life To move on to the next way of life (Next Normal), one of the interesting Next Normal ways is the Stay-at-home Economy or spending economy. and home consumption For example, ordering food and products via online delivery service or entertainment media using VR (Virtual Reality) technology.

Although the outbreak situation has been greatly relieved Therefore, a home is not just a place to live. But it also becomes an office, a meeting room, and supports various relaxing activities. through convenient use through online platforms The new generation is looking for housing that can meet the needs of relaxation, work and various activities. Like the location of Ratchaphruek

Source:https://www.thansettakij.com/real-estate/569251

Date 28/06/2023