Kaset-Nawamin fast growing in popuiarity for low-rises

Kaset-Nawamin Road from the Kasetsart University junction to Ram Inthra Road has emerged as the destination for people who want to buy a low-rise home close to Bangkok’s mass-transit system.
Most of the new residential projects launched in this area are low-rise homes, both detached houses and townhouses, priced from Bt3 million to more than Bt10 million. There are not many condominium projects in this location.
Projects in the area have been developed by the top 10 property firms listed on the Stock Exchange of Thailand, including Land & Houses, SC Asset Corporation, Asian Property Development, Supalai and Property Perfect. Non-listed companies represented in the area include TCC Capital Land Co and TCC Land Co, both owned by beverage tycoon Charoen Siriwattanabhakdi, and KE Land Co.
A survey by The Nation found that more than 20 residential projects with a total value of nearly Bt50 billion had been launched along this stretch of Kaset-Nawamin Road. All of them are low-rise residences, both detached-house projects and townhouses, priced from Bt5 million and up. More than half of them are detached-home projects priced at more than Bt10 million per unit.
Meanwhile, more than 50 projects, comprising 5,000 units, are expected to be developed on Kaset-Nawamin Road, and it seems set to be the next destination for luxury developments. This is a result of the new city plan, which may change Kaset-Nawamin from a yellow zone, which is low-density residential, to a brown zone, or medium-high-density. This will challenge property firms to develop both low-rise and high-rise projects in this location.
Although still classified as a low-density area for residences only, land prices here have soared. They ranged from Bt80,000-Bt100,000 per square wah (Bt20,000-Bt25,000 per square metre) in 2006, but the proliferation of new projects has pushed up prices by 90-100 per cent to Bt150,000-Bt200,000 per square wah in the past two years, property experts who deal in land in this location said.
TCC Land owns more than 1,000 rai (160 hectares) on Kaset-Nawamin Road. Currently the company has only one residential project in this location but plans to develop a mix-used project there including a shopping centre and offices. The budget for this project will be more than Bt100 billion over the next three to five years.
This location is suitable as a residential area because of it has good access to universities, secondary and primary schools, hospitals, shopping centres, temples, the mass-transit system, and expressways.