Ramkhamhaeng residential property boosted by Orange Line
Demand for residential projects along Ramkhamhaeng will show strong growth as the construction of new mass transit route, the Orange Line, now scheduled for completion in 2020, Knight Frank Charter (Thailand)’s managing director Phanom Kanjanathemthao said on Monday.
He added that the supply in this location as at the end of June totalled 14,750 units.
Condominium prices in this location this year are averaging Bt98,323 per square metre, up 32 per cent from Bt74,292/sqm in 2014, posing a challenge to property firms launching new residential projects in this location.
Sena Hankyu Co Ltd, a joint venture firm between Sena Development Plc and Hunkyu Hunshin Property Crop, recently introduced its new condominium project, Niche Mono Ramkhamhaeng, worth Bt4.9 billion and appointed Knight Frank Charter (Thailand) Co Ltd as sole agent.
The project offers an average price of Bt89,000/sqm, with units costing between Bt1.9 million and Bt5.2 million per unit.
“When the new orange route is completed, the demand will get a further boost,” Phanom said.