Looks like more condos will be built along the mass transit lines... good news for buyers. Extracted from the Bangkok Post today.
The listed developer Supalai Plc plans to launch five projects worth a combined four billion baht during the second half of the year, according to deputy managing director Atip Bijanonda. The company's new developments would be located in the Ratchadaphisek, Pin Klao and Rama V areas, close to three future mass transit lines.
Two of the developments will be condominiums. One will be City Home Ratchada-Pin Klao located on a 16-rai site on Charan Sanitwong Road, opposite Yanhee Hospital. It will have one 28-storey and six eight-storey buildings with a total of 2,025 units worth a combined 2.7 billion baht. Unit sizes would be between 30 and 70 square metres with prices starting at 900,000 baht a unit.
In the next few years, Charan Sanitwong Road between the Rama VII and Krung Thon bridges is expected to become a new central business district as three mass transit lines will pass nearby locations, Mr Atip said.
They include the Purple Line passing the Wong Sawang junction, the Red Line from Bang Sue to Rangsit and the Blue Line in the Tha Phra area.
These three lines would cross near the Rama VII Bridge, making the Charan Sanitwong area a golden location for condominiums on par with the Sukhumvit area, the company believes.
New condominiums are mostly located in inner Bangkok in the Ratchadaphisek, Ratchayothin and Asok areas, as well as the central business district on Silom and Sathon roads, where high land prices have driven up unit prices.
Supalai plans to launch pre-sales on Saturday and Sunday to existing customers, who already booked 20% in each new project. Sales to the general public will open on July 7-8.
Three new low-rise developments will be single houses, townhouses and duplexes in the Kanchanaphisek-Rama V area. One will be on a 100-rai site with single houses priced at 2.7 million baht a unit on average.
Another two projects would be townhouses and duplexes on a 40-rai site and 100 townhouses priced lower than two million baht on a 20-rai site in the Wong Sawang area, said Mr Atip.
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