Sathorn road is about to change Bangkok!
Sathorn Road is a prime place for residential property, states Pruksa Real Estate’s primary executive manager of top units. Prasert Taedullayasatit pointed into the places several lifestyle-oriented facilities. A hospital, university, primary school, secondary school and shopping centre are included.
Raimon Land last October introduced its 4.2 billion baht Tait 12 job on Sathorn Soi 12. At 264,000 baht per sqm, it features a starting price 7.6 million baht each unit. This reached sales of 70 percent for the sales launched.
Meanwhile, the most recent condo job is the 3.4 billion baht Anil Sathorn by Grand Unity Development. For example, it goes for 260,000 baht per sqm, or a beginning price of 11 million baht each unit. Likewise, Supalai Icon Sathorn, value 20 billion baht, is the latest project launched to market by Supalai. It is priced at 175,000 baht per square metre. With a starting price of 8.2 million baht each unit.
It’s all about change in Sathorn Road.
By Sathorn intersection to Taksin Bridge, the riverside part of Sathorn Road. Changed by a strip of shop houses to luxury residential condos in a gentrification. That is to say this included 8,000 new apartments to the area. Well, the companies have shifted to replace the standard transactions.
With the industry trend, listed and non-listed property firms are parading to launch their brand new condo projects in Sathorn district. The central business district of Bangkok. Project launches totalling more than 31 billion baht are produced from mid-2018 through the first half of this season. This is according to the recent Nation survey.
Ninety-five percent successfully sold, based on study by land agency Colliers International Thailand. Meanwhile, Sansiri in 2017 established the Line Sathorn worth 4 billion baht. The job combines 327 units at Bt270,000 per sqm. And a beginning cost of 7.9 baht million. The project sold out over a day of opening up to reserving.
Above all, this location also boasts both MRT and BTS transit lines. Firstly giving an extra boost to demand for residential jobs in the region. Meanwhile, the area’s limited access to land for construction home pushes up the cost of land there.
For example, most land companies that started sales for over 40 billion baht worth of condos on Sathorn Road. In 2018 throughout the first half of the season have sold outside, Colliers local research director Pattarachai Taweewong said.
Slump in the property market are proved wrong!
For example, at the center of this past year Pruksa Real Estate introduced the Reserve Sathorn. Sold out with a value off 2.59 billion baht. The job provided a 280,000 baht per sqm starting cost. Or 13 million baht each unit. Completed and transferred to customers in 2022, this project is on course as per the specification.
To locate all of the hottest Bangkok condos available, and compare costs, go HERE. A typical condo price, based on research, on Sathorn was 250,000 baht per sqm. Likewise, other property firms are also launching their condominium projects on Sathorn Road.
For instance, Reserve Sathorn launched mid-year and has managed to sell out. Reflecting the requirement, condo prices also increased from the pre-booking 280,000- 300,000 baht per sqm. Supalai’s CEO Prateep Tangmatitham said the mixed-use job would comprise residential. Together with offices, stores and complete centers on a 12,600 sqm plot, 56 flooring. The combined total of 780 residential will provide a functional area of approximately 150,000 sqm.
Meanwhile Sathaporn Estate last September introduced its 1.3-billion baht Shade Sathorn condo project. At a 135,000 baht per sqm price, or 3.69 million baht per unit. This project, finished and moved to its customers in 2021 or 2022 according to detailed plans..
For example, 2018, property price around Sathorn Road were recorded at an average 2 million baht per square wah. Already, the cost has jumped 10 percent. In conclusion, demand for residential at the location enjoys continuing strong growth.
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