Condos In City Outskirts Enjoy High Volume Of Sales
Bangkok condos for sale, and especially nearby the BTS extension line in Krung Thong Buri have shown an impressive record of sales, with an average take-up rate of 78%. In fact, offered condominiums there are much cheaper than locations close to the Central Business District (CBD).
Samma Kitsin, director-general of the Real Estate Information Center (REIC), said “the line, opened in 2009, has drawn Bangkok property developers to create condo projects. Sales have flourished because unit prices are lower than those across the river in the Sathon-Silom area.”
To illustrate the high volume of sales enjoyed by condominiums across the river, let’s take the example of Krung Thon Buri station. Since 2009, about 8 projects were launched in the area totalling 2,500 units, of which 93% are sold. These Bangkok condos were selling between 70,000 and 120,000THB/sqm. Second most popular city outskirts BTS station was Wong Wian Yai with a take-up rate of 79%. Wutthakat station area comes third with 3,500 units from 7 projects sold at 70%. Condos there are sold between 65,000 and 85,000THB/sqm.
In fact, BTS stations around Bang Wa and Wutthakat are clearly in city outskirts but in the end, it only takes 20-25mins for passengers to reach BTS Siam, which is a major transportation hub. Moreover, and according to Mr Samma, the Bang Wa area will attract more and more buyers since it will be at the intersection between the Blue line with Hua Lamphong and the Green line with Bang Kae. Bangkok property developers shall definitely launch more and more projects in those locations in the future.