Every real estate firm seems to have its own nomination for the next property hotspot in Bangkok. Not too long ago Knight Frank predicted Bang Sue would come of age, and now Property Plus Consultancy has named the trendy Thonglor district as its choice for the next Bangkok property hotspot.
According to its analysis of high-potential zones in Bangkok, the real estate firm discovered growing demand and limited supply, alongside what they described as an urban lifestyle hub and outstanding transport facilities.
It reported condominium take-up rates of between 70 percent and 100 percent – significantly higher than the Bangkok average, and also noted a 27 percent rise in prices during the last five years.
Poomipak Julmanichoti, Managing Director of Plus Property, said the Thonglor (Sukhumvit Soi 55) area represented a property treasure trove, showing consistently outstanding growth rates.
“Condominium prices in Thonglor are growing at a faster rate than in nearby side roads, and these projects in the prime central zone are generating more interest compared to projects located closer to the BTS Skytrain station. Prices here have risen as high as THB177,000 per sqm,” he noted.
Image: Thonglor, Bangkok. (c) PropertyGuru.