Bangkok: Land price in Thong Lor - Asoke area in the ascendant

Bangkok: Land price in Thong Lor – Asoke area in the ascendant

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Land price in the Thong Lor to Asoke area has risen during the past seven years, according to Nexus Property Marketing.

Most of the land plots transacted in this location were developed as residential projects, including condominium and rental residences such as serviced apartments or hotels. This location is seen as one of the most stylish lifestyle locations for people in Bangkok, a factor that has boosted the prices of residences.

Also read: Developers Set Condo Launch Records Around New Mass Transit Lines

Nalinrat Chareonsuphong, the managing director of Nexus Property Marketing Co Ltd, said land prices in the Asoke to Thong Lor area had risen consistently, increasing on average 19 per cent a year during the past seven years, from around Bt350,000 per square wah to Bt1.01 million per square wah.

The upward price trend will continue over the next two years, with an estimated increase of at least 10 per cent per year.

Also read: Bangkok’s Thong Lor continues to lure foreigners

Source: The Nation

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