Plus discovers demand for mid-Sukhumvit
Plus Property, the full-service professional property and management agency, said its findings over condominiums in the mid-Sukhumvit area that comprised the Phrom Phong, Thong Lo, Ekkamai, Phra Khanong and On Nut lwhich make these locations stand out.
Previously, demand was concentrated in the inner Sukhumvit area and in CBD. But with an outward expansion of urbanisation towards the mid-Sukhumvit area, new projects were found launching deeper inside alleys that were not too far from BTS stations.
The appeal of access to rapid transit and the ease of commuting via thoroughfares make these new condos popular.
Meanwhile, the rental market was growing well and was attracting both Thais and foreigners because of the approachable prices. In 2018, the Sukhumvit 63-71 areas lead the field in returns with a rental yield as high as 7 per cent. This was followed by the Thong Lo-Phra Khanong and On Nut locales where rental yield was roughly 6 per cent.
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