It is believed that the cost of land in Bangkok’s prime area is the cause of the soaring price tag of over 10 new ten billion-worth condominium developments especially in the CBD, by the river, and along public transport like the BTS and MRT. The information is also backed up by Phattharachai Thaweewong, Director of Research and Communications at Colliers International Thailand Co., Ltd., one of the leading professional services and investment management companies.
From 2016 to the present, land prices in Bangkok have risen up, especially those in the business centers. Some plots are worth above 3.8 million THB per square wah. Phattharachai Thaweewong mentioned that the statistics in the last quarter of 2020 depicted the top 3 ten billion value developments that are available on the market.
1. MQDC: The Residences at Mandarin Oriental and Magnolias Waterfront Residences
This mega riverside project is a mixed-use development comprising two luxury residences (Magnolias Waterfront Residences, The Residences at Mandarin Oriental) and a high-end shopping ICONSIAM. The project is a collaboration of Magnolia Quality Development Corporation and Siam Piwat Group with a total project value of 54,000 million baht. The venue is considered to be a new landmark along the Chao Phraya River bank since its first launching in 2018.
The area size of the project is 750,000 square meters of which the 500,000 square meters is the ICON SIAM retail and 250,000 square meters is ICONLUXE that is the destination of flagship stores of world-class brands.
Magnolias Waterfront Residences at Icon Siam and The Residences at Mandarin Oriental are conveniently situated adjacent to the mall. Many investors and buyers who look for convenience find these two projects a great investment. The operation of BTS gold line, the new development along Chao Phraya River also the value of the properties.
2. Supalai: Supalai Icon Sathorn
With over 8 Rais of land located at the heart of Sathorn road, the residential area features 1 building of 56 floors of 787 units, with 3 Rais of green space. The units range from 1 to 4 bedrooms and skyline 5 bedrooms penthouse. The whole project is worth about 20,000 Million Baht.
3. Country Group Development: Four Seasons Private Residences Bangkok at Chao Phraya River.
Under Country Group Development is Chao Phraya Estate valued at 19,000 Million Baht, a mixed-use development consisting of two ultra-luxury hotels (Four Seasons Hotel and Capella Hotel) and Four Seasons Private Residences. The iconic 73-storey residential tower stands tall with an unblocked riverfront view. The residents can also enjoy over 4,000 sq.m of facilities including River Lounge, Amenities Deck, Four Seasons Club, and the highest residential pool in Bangkok. The project comprises of 1-5 bedrooms units with a starting price of 30,000,000 Baht.
Investing in a riverside location is one of the most promising locations in Bangkok with the increasing developments along the river. Asher Property specializes in luxury residential properties and branded residences in Thailand. We provide in-depth knowledge of Bangkok properties to our clientele that allows them to make a sound investment decision.
Asher Property Editor