Bangkok Property Market Still Seeing Growth For 2014
In spite of the current economic slowdown and the protests, Bangkok Real Estate has still a promising future ahead.
In fact, prices of Bangkok condo for sale keep on increasing, mostly due to rise in land prices that pushed development costs. Prices in the central business district (CBD) areas continued to grow as major development sites became scarce, according to HipFlat, a real-estate search portal.
Demand is stable and strong, especially downtown in the Central Business District and all along the BTS lines.
Moreover, because of the planned extension on the mass transit system, developers keep on increasing supply by building up new projects in the peripheral areas. Thus, they are meeting customers’ needs without any sign of oversupply in the city.
Besides, and according to BTS Property Group search records, Bangkok condos along Sukhumvit BTS line are the most popular, especially prime areas like Asok, Phrom Phong, Thong Lo and Ekkamai where rental yield can be really attractive.
Following trends found in other large cities worldwide, people in Bangkok are even keener on living in modern high-rise condominiums located nearby BTS/MRT stations as transportation remains a major concern for most people here.