Junction of Ratchada-Rama 9 Prime Location for Condominiums
Bangkok’s Central Business District or CBD, such as Silom, Sathorn and Sukhumvit Road. The remaining land in the development of less Business operators must look for new location to expand the development of residential projects.
Around junction of Ratchada-Rama 9 is one area which includes both residential and commercial purposes such as offices and shopping malls. The interest is huge. Due to easy access via the MRT is also connected to the main business district as the center of Asoke all within less than 10 minutes near facilities such as hospitals, offices and shopping malls. The headquarters also has a large office building of the Stock Exchange of Thailand. Which will be completed in the next 2-3 years.
Research the property market. Real Estate Information Center. GHB project survey found that residents in these areas during the past 4-5 years there are projects that are within 700 meters from the Ratchada – Rama 9 up to 10 projects accounted for approximately 8,900 units or sold almost 80% of the buyers were mostly people who work in the city. The Asoke – Ratchada and investors to purchase the lease, both Thai and foreigners.
All 10 of the project is a project from the operator listed 9 projects totaling approximately 8400 units, representing 95% of all Sales of approximately 80% of the project from the operator out of the market, there is only one project. With sales of more than 50% can be seen that the major share of the market, partly because the land in this area is expensive. The major operators that have claimed more than it has the advantage.
The condominium units are average rates ranging from 10-30 units per project per month. For the project was launched 4-5 years ago, has sold about 45,000 baht per square meter, but the current selling price for a project that just opened in 2554 with prices up to the amount per square meter. 80,000-135,000 Baht.
Appraised value of the land, Rama 9 Road at the junction of Ratchada-Rama 9 about 150,000-220,000 Baht per square wah. Road near the junction of Rama 9 to junction of Huaikhwang around. 100,000-250,000 Baht per square wah, however, the actual purchase price may be as high as twice. Depending on location and location.
Ratchada – Rama 9 district also has a tendency to develop office buildings and new shopping center. The recently completed and under construction. Condominium unit and supply the market, it is quite a bit. The current supply in the market now. There are two major operators, who plans to launch in the first quarter of 2555 with an estimated average price per square meter 80,000-100,000 Baht, which makes the total of all units in the area increased to more than 10,000 units this year.
Tags: CBD, condominium, Foreigners, Huaikhwang, MRT, Property market, purchase, Rama 9, Ratchada, Real Estate, residential, Sales, selling price, Stock Exchange
Posted January 27, 2012 by ][-NooM-][ in Bangkok Real Estate, More Real Estate
