PROPERTY SURVEY Krungthep Kreetha named top location
Plus Property Co Ltd, a property management arm of Sansiri Plc, said the findings of its recent survey pointed to Krungthep Kreetha being a stand-out location due to its proximity to the new central business district, with supporting factors being the Yellow Line and the Orange Line MRT routes.
The new Krungthep Kreetha road is near the expressway and offers convenient linkages with other roads.
The living demands of all age groups are met, as the locale is dotted with schools, hospitals and sports facilities. Land prices in the location have been growing by an average of 10 per cent per year over the past 5 years, outperforming the average gain in greater Bangkok. Prices of condominium units and detached houses have also grown notably: condominium prices grew by about 15 per cent over three years, rental yield averaged between 5 per cent and 7 per cent per year, and reselling had provided yields as high as 20 per cent per year. Th prices of detached houses, priced at an averge of Bt15 million, have risen by 35 per cent over the past 3 years, the company’s managing director Anukul Ratpitaksanti said.