New BTS Line, Soaring Property Prices, and New Luxury Thailand Properties
With the creation of yet another BTS line, a number of Bangkok condominium projects have already secured a spot near it.
The BTS Gold Line is a 2.8-kilometre monorail line that will extend the BTS Green Line from Krung Thonburi BTS station to the Phra Pok Klao bridge. The first part of this monorail will have three stations namely Krung Thonburi, Icon Sial, and Khlong San Station projected to be open in 2020.
Meanwhile, the second part of the project will be along Somdet Chao Phraya Road with the fourth station at Wat Anongkhram, supposedly to be operational in 2023.
According to The Nation’s survey, property developers are expected to spend about THB 100 billion for the development of commercial and residential projects. With this, the Bangkok real estate market expects to have at least over 2,000 units for sale. Prices of these units are expected to range from THB 71,000 to THB 380,000 per square metres.
As more and more developers fight for a spot near BTS stations, land prices along the BTS line have incessantly increased, but there are hardly any vacant lots, said Phattarachai Taweewong, senior manager of the research department at Collier International (Thailand).
Taweewong further said that land process on Charoen Nakhon Road, especially those near Chao Phraya River have surged to 125 per cent from an average of THB 200,000 per square metres in 2011 to THB 450,000 in 2018.
As a result, properties around the BTS Gold Line only comprises the luxury and ultra-luxury segments.
Well-received Areas along the BTS Gold Line
Charoen Nakhon and Charoen Krung are said to be the most popular riverside locations due to their proximity to the central business district, said CBRE Thailand.
On the east side, you will find world-renowned luxury hotels such as the Shangri-La, Mandarin Oriental, and River City Bangkok.
ICONSIAM, the next tourist attraction to further popularise the BTS Gold Line, is just at the opposite. This large shopping mall with an area of 500,000 square metres will store multiple international brands that would open their flagship stores. More than 150,000 visitors per day will be visiting this large complex, said the management.
Popular Properties along the BTS Gold Line
Among the properties developed in the area, The River by Raimon Land received the highest presale rate at 92 per cent, followed by The Residence at Mandarin Oriental Bangkok at 85 per cent, and the Banyan Tree Residences at 40%.
Carrying the theme “The Sanctuary for Your Soul,” this Thailand property for sale offers an escape from the busy city centre.
Residents in this new home will enjoy ultimate privacy and a panoramic view of the majestic Chao Phraya River because each floor exclusively contains only four units. Furthermore, Banyan Tree Residences also have a rare location with just 16 metres away from the Chao Phraya River.
Mandarin Oriental has become an internationally recognised name of luxury hotels and residences. Having its own residential segment, you can expect no less. Greeting each resident with a smile, The Residences at Mandarin Oriental, Bangkok.
Each unit at this Thailand property for sale have home fixtures from deluxe European brands that fit the elite cosmopolitan lifestyle. Units available in this new home include two and three-bedroom units along with spacious penthouse suites.
This property is nowhere short of convenience and luxury. What’s more is that The Residences at Mandarin Oriental, Bangkok will be a part of the ICONSIAM.
The Residence Mandarin Oriental Bangkok starts at $9.68 million and all of its 146 units offer unobstructed views of the Chao Phraya River and its surroundings, giving the owner one of the city’s most spectacular private landscapes.
Check out its amenities and exclusive facilities in this link.
Towering among the properties along the Chao Phraya River stands the 250-metre Banyan Tree Residences Bangkok, the tallest luxury home around the area. Units include one to three-bedroom units, duplexes, and penthouses, all with an unobstructed view of the Chao Phraya River. The River further boasts of its spacious frontage. Having a total of 120 metres, its frontage offers an beautiful view of the Bangkok skyline.
Located near BTS Thonburi, this Thailand property for sale sits along leading hotels such as The Peninsula, The Oriental, Shangri-La, and the Sheraton. The River also offers convenience in reaching malls, restaurants, and other establishments by car, boat, or foot.
The River is the leadinig luxury residential project of Raimon Land with prices starting at $7.74 million.
For more images and information, do check this link.
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