{"id":22059,"date":"2016-08-05T18:30:55","date_gmt":"2016-08-05T11:30:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-prices-to-rise-with-bangkoks-new-mass-transit-lines\/"},"modified":"2016-08-05T18:34:37","modified_gmt":"2016-08-05T11:34:37","slug":"land-prices-to-rise-with-bangkoks-new-mass-transit-lines","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-prices-to-rise-with-bangkoks-new-mass-transit-lines\/","title":{"rendered":"Land prices to rise with Bangkok\u2019s new mass transit lines"},"content":{"rendered":"


\nNew mass transit lines will spread the wealth in Bangkok
\nA Bangkok BTS station at sunset. Image credit: Karl Baron (Flickr)
\nBangkok will open the new Purple Line tomorrow from Bang Yai to Tao Pun, in the first of the mass transit lines planned to be opened every year in the Thai capital from 2016 through 2020.
\nThis development comes as the Thai government is studying the feasibility of 10 more lines throughout the Greater Bangkok area, in a bid to spread property growth more evenly throughout the metropolis.
\n\u201cBangkok\u2019s central business districts will keep growing, but at a slower pace as the new mass transit lines will change the city\u2019s landscape and boost new developments in the outskirts,\u201d Transport Minister Arkhom Termpittayapaisith said.
\nMore: Bangkok\u2019s mass transit system the key for home-buyers
\nBangkok\u2019s traffic is notorious, meaning property prices with good access links are automatically higher. Image credit: Joan Campderr\u00f3s-i-Canas (Flickr)
\nLand prices increased 9.6 percent on average last year along the route from Tao Pun to Bang Yai. Meanwhile, prices along the Blue Line routes from Tha Phra to Bang Khae and Bang Sue saw prices jump 10.52 percent on average, while those along the Red Line route from Bang Sue to Taling Chan increased 1.9 percent.
\nA bus service will temporarily shuttle passengers between the Purple Line\u2019s Tao Pun station to the MRT Blue Line\u2019s Bang Sue station. The Mass Rapid Transit Authority is still looking for contractors to build a link between the stops.
\nIn a 2011 report, Knight Frank predicted that residential demand for condominiums in Bangkok\u2019s suburbs will grow after mass transit lines connect the central business district to outlying ones. http:\/\/www.property-
\nRead next: Will the next successful smart city be in Southeast Asia?
\n
\nSource : property-report.com
\nRead more…Land prices to rise with Bangkok\u2019s new mass transit lines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New mass transit lines will spread the wealth in Bangkok A Bangkok BTS station at...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22059","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5JN","jetpack-related-posts":[{"id":25353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/properties-near-bangkok-infrastructure-projects-face-levy\/","url_meta":{"origin":22059,"position":0},"title":"Properties near Bangkok infrastructure projects face levy","date":"September 7, 2016","format":false,"excerpt":"\r Appreciating land values near key projects may mean much-needed income for the Thai government Bridge under construction over the Chao Phraya River in Bangkok, Thailand. travellight \/ Shutterstock Real estate developers will not be the only ones benefiting from the establishment of rapid transit lines across Bangkok in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28791,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-real-estate-is-on-the-right-track-with-new-rapid-transit-line\/","url_meta":{"origin":22059,"position":1},"title":"Bangkok real estate is on the right track with new rapid transit line","date":"October 6, 2016","format":false,"excerpt":"\r Thousands of units to emerge along future Orange Line Dusk over Rama IX bridge in Bangkok. 24Novembers \/ Shutterstock.com A new growth area is shaping up in Bangkok as the Thai government prepares to receive bidders for a new rapid transit line next year. 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