\nPopular shops, eateries and easy connectivity are all contributing to Thonglor\u2019s rise in popularity
\ntheCOMMONS is one eatery that is bringing Bangkok\u2019s cool crowd to Thonglor. It was recently honoured at the Thailand Property Awards
\nDemand along Thonglor remains strong but less than five percent of property remains available for sale, according to a recent survey conducted by Plus Property. In addition to this, the company concluded that a lack of new properties in the area combined with popular shops and eateries and convenient transportation links have contributed to the sharp increases in resale value.
\nOne of the main reasons demand on Thonglor is high is due to the limited number of properties available. Plus Property noted that condominiums are showing average price increases of 13 percent per year during the past eight years. Thonglor\u2019s rental market is also robust with annual returns of five percent being recorded. Local properties are able to meet the needs of Thai and expat tenants, especially Japanese, American and South Korean nationals.
\nAccording to Anukul Ratpitaksanti, deputy managing director at Plus Property, there are not many new condominium projects in the Thonglor area with a limited amount of space seeing only about two new projects per year in the last 7-8 years built. There were also a few years where no new projects were launched.<\/p>\n
More: Why Thonglor remains Bangkok\u2019s epicenter of cool
Popular shops, eateries and easy connectivity are all contributing to Thonglor\u2019s rise in popularity theCOMMONS...<\/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-31544","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\/p75ss1-8cM","jetpack-related-posts":[{"id":44085,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-developers-cant-leave-this-bangkok-neighbourhood-alone\/","url_meta":{"origin":31544,"position":0},"title":"Luxury developers can\u2019t leave this Bangkok neighbourhood alone","date":"February 14, 2017","format":false,"excerpt":"\r It\u2019s been cool for years, but now it\u2019s red hot The Niche Pride, a high-end condo in Thong Lor to be completed in 2017 A new wave of luxury condo projects is coming to Thonglor with property developers expected to launch more than THB 50 billion of new developments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-we-learned-about-bangkoks-residential-market-right-now\/","url_meta":{"origin":31544,"position":1},"title":"5 things we learned about Bangkok\u2019s residential market right now","date":"November 14, 2016","format":false,"excerpt":"\r Stronger resale market, fewer launches Phrom Phong in Bangkok\u2019s Sukhumvit. 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\nDemand for super luxury properties close to the Thonglor BTS is still high. It was also revealed that the supply of high rise units available in Thonglor is 1,800 units, with only 35 units remaining unsold. The resale price of condominiums has increased by as much as 80 percent from the initial launch of some properties including Quattro by Sansiri and HQ Thonglor.
\nThonglor\u2019s rental market is seeing steady demand from Japanese tenants who account for 70 percent of all rented properties, Plus Property claimed. The most popular type of units are the one-bedroom accommodations with 50-55 sqm. of space and a rental price of THB50,000-60,000 per month.
\nThis article originally appeared on DD Property on 25 October 2016.
\nRead next: Hong Kong\u2019s newest expat neighborhood keeps on getting cooler
\n
\nSource : property-report.com
\nRead more…Bangkok\u2019s Thonglor in high demand from buyers and renters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"