Thailand Real Estate | Where Could Be The Next Thonglor?

January 29, 2019 Thailand

Thonglor: Bangkok’s “Hippest District”

Bangkok’s Thonglor has undoubtedly consolidated its brand appeal and has become a charming and trendy enclave in Bangkok. Needless to say, the reputation of the Thonglor area is well deserved.

Thailand Real Estate Market Outlook: What to Expect this 2019

In this area, you could spot amazing restaurant, minimalist malls, hip boutiques, and independent cafes. If you delve a little deeper into Thonglor, you’ll uncover a variety of dining options, flamboyant bars, and ultra-stylish clubs if that’s your cup of tea.

Although an ideal residential area, Thonglor is facing land scarcity for new developments. As a result, new launches and resale property prices will inevitably rise. The average price of new projects in the region is estimated at THB 325,000 per square metre, as compared to THB 125,000 per square metre back in 2013.

Due to Thonglor’s rising prices, people are now looking for new and undervalued alternative communities to be developed as the likes of Thonglor.

Bangkok Property Hotspot: Where Could Be the Next Thonglor?

Ari

For those familiar with Bangkok properties, it is not surprising that the first alternative to Thonglor is Ari. A tree-lined community with bustling trendy restaurants, food trucks and local bars offering a unique lifestyle reminiscent of the early beginnings of Thonglor.

Serviced by BTS Ali Station, local residents can easily access the business centres such as Phaya Thai and other parts of the CBD.

When the Bangkok real estate market started to boom, Thai property developers have launched new projects in the Ari area, including Noble RED from Noble Development and Rhythm Phahon-Ari from AP (Thailand).

Ratchada

Thailand Real Estate | Where Could Be The Next Thonglor?

Bangkok has been receiving much attention in recent years due to yet another fashion trend community, Ratchada.

The area is known to for its vibrant and eclectic lifestyle. Ratchada is home to the famous Ratchada Night Market, Esplanade, The Street shopping malls, and bustling nightlife. However, Ratchada is not just another entertainment area. It has also established itself as a commercial centre.

The Thai Stock Exchange is now in Ratchada, making it Bangkok’s newest CBD. In addition, several A-level office buildings such as the AIA Capital Centre were introduced to accommodate the new wave of companies relocating in the region.

The Ratchada area in Bangkok is strategically located, connected to the MRT Thai Cultural Centre Station. This area also benefits from the economic growth of the adjacent Rama 9.

Ladprao

Thailand Real Estate | Where Could Be The Next Thonglor?
Centara Grand at Central Plaza Ladprao Bangkok. Image from booking.com.

Ladprao is unlike the other two mentioned on the list. What it has is a peaceful residential area popular with working professionals and young families. But, with that said, its reputation as a peaceful residential area will lead to the gradual development of its lifestyle product offerings.

It is worth noting that the area beside Don Muang Toll Way has become a leisure place in northern Bangkok. In the area, you will find Central Plaza Ladprao and Union Mall.

Furthermore, Ladprao sits in a prime location that would benefit from urban developments to come. Currently, the BTS Green Line is expanding in the area and will soon have a BTS and MRT interchange. More importantly, the Bangsue Grand Interchange, the largest transportation hub in Southeast Asia, will be near the area. Aside from creating a luxurious convenience for residents, Ladprao will inevitably turn into a transportation and logistics centre in Bangkok.

Riverside

Thailand Real Estate | Where Could Be The Next Thonglor?

Expats and retirees usually choose to live near Bangkok’s Chao Phraya River due to its calming and scenic view. If you’re looking to relax, a number of luxurious riverside homes units are being built around the area. Notable properties include Banyan Tree Residences, The Residences at The Mandarin Oriental, and The River, to name a few.

Along the river, you will find malls, hotel-branded residences, and some of the city’s soon-to-be tallest buildings being built right now. Currently, both private and public sector are doing their best to rejuvenate the area with different developments.

Furthermore, ICONSIAM, the next tourist attraction along the river. ICONSIAM is a mixed-use development containing a large shopping mall, luxury hotels, and residences. Multiple international brands have placed their flagship stores in this mall, so it’s something that would definitely grab the attention of both locals and foreigners.

With these upcoming developments, we could expect Bangkok’s riverside to be bustling and vibrant with the years to come.

Bangkok, the capital of Thailand, is evolving at a dazzling pace, with several places becoming an ideal lifestyle and investment enclave.

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