The Bangkok Property Market Outlook 2024 shows that Kaset Nawamin-Ram Intra and Bang Na-Samut Prakan have emerged as leaders in demand for various types of residential properties. These areas are in the top three most popular locations for buying detached houses, townhouses, condominiums and luxury properties.
Key factors contributing to popularity:
Kaset Nawamin-Ram Intra:
1. Accessibility. The area is served by the existing Pink Line and the planned Orange Line public transport, making it attractive to residents.
Bang Na-Samut Prakan:
1. Proximity to Suvarnabhumi Airport: This makes the area convenient for frequent travelers.
2. Industrial development: Industrial areas are concentrated nearby, creating jobs and encouraging population growth.
Condo Market Dynamics:
According to Terra Media and Consulting, Bang Na-Lat Krabang has become the most popular place to buy condos, selling an average of 19-31 units per month, with prices rising by 12%.
Other notable areas for condo demand:
- Ramkhamhaeng-Bang Kapi: Average price 105,000 baht, absorption rate 15-29 units.
- Rangsit-Ku Kot: Absorption rate 13-29 units.
Townhouse Demand:
- Ram Intra-Min Buri: Leads in townhouse demand with an absorption rate of 7-12 units and an average price of 2.89 million baht.
- Bang Khae-Phetkasem: Second place with an absorption rate of 7-10 units.
Demand for Detached Houses:
Western areas of Bangkok such as Bang Yai-Bang Bua Thong are seeing strong demand, with an absorption rate of 3.1-6.7 units per project per month and an average price of 4.99 million baht.
Luxury Property Market:
The luxury housing segment is seeing growth. New supply has increased significantly since 2022, with 998 units launched in the first 11 months of 2024. Popular areas include Bang Khae-Sala Ya-Ratchaphruek and Kaset Nawamin-Ram Intra.
Conclusion:
Demand for Bangkok property continues to grow in 2024, with Kaset Nawamin-Ram Intra and Bang Na-Samut Prakan leading the way due to their strategic advantages in transportation and economic opportunities.
Key factors contributing to popularity:
Kaset Nawamin-Ram Intra:
1. Accessibility. The area is served by the existing Pink Line and the planned Orange Line public transport, making it attractive to residents.
Bang Na-Samut Prakan:
1. Proximity to Suvarnabhumi Airport: This makes the area convenient for frequent travelers.
2. Industrial development: Industrial areas are concentrated nearby, creating jobs and encouraging population growth.
Condo Market Dynamics:
According to Terra Media and Consulting, Bang Na-Lat Krabang has become the most popular place to buy condos, selling an average of 19-31 units per month, with prices rising by 12%.
Other notable areas for condo demand:
- Ramkhamhaeng-Bang Kapi: Average price 105,000 baht, absorption rate 15-29 units.
- Rangsit-Ku Kot: Absorption rate 13-29 units.
Townhouse Demand:
- Ram Intra-Min Buri: Leads in townhouse demand with an absorption rate of 7-12 units and an average price of 2.89 million baht.
- Bang Khae-Phetkasem: Second place with an absorption rate of 7-10 units.
Demand for Detached Houses:
Western areas of Bangkok such as Bang Yai-Bang Bua Thong are seeing strong demand, with an absorption rate of 3.1-6.7 units per project per month and an average price of 4.99 million baht.
Luxury Property Market:
The luxury housing segment is seeing growth. New supply has increased significantly since 2022, with 998 units launched in the first 11 months of 2024. Popular areas include Bang Khae-Sala Ya-Ratchaphruek and Kaset Nawamin-Ram Intra.
Conclusion:
Demand for Bangkok property continues to grow in 2024, with Kaset Nawamin-Ram Intra and Bang Na-Samut Prakan leading the way due to their strategic advantages in transportation and economic opportunities.
