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Price of luxury homes in and around Bangkok remains sky-high despite Covid crisis

Feb 26. 2021
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By The Nation

The Agency for Real Estate Affairs (AREA) on Thursday released a list of 15 most-expensive housing estates in Thailand, most of which are in Bangkok and its vicinity.

The costliest unit has a price tag of Bt260 million, while the cheapest is Bt44 million.

“Clearly the Covid-19 crisis has not affected the price of luxury residences,” AREA president Sopon Pornchokchai said.

The 15 most expensive housing estates are as follows:

Santiburi The Residences: Bt260 million per unit. Located on Praditmanutham Road in Bangkok’s Bueng Kum district, the Bt6.5-billion project has 25 units. Each two-storey house has a useable area of 1,366 square metres. The land is priced at Bt265,000 per square wah, and the project was developed by Singha Estate.

Atelier Residence: Bt138 million per unit. Located in Soi Sahakarn Pramool, Pracha Uthit Road in Bangkok’s Wang Thong Lang district, the Bt1.1-billion project only has eight units. Each three-storey house has a useable area of 1,150sqm. The land is valued at Bt120,000 per square wah and the estate was built by Aland Development.

Mavista Prestige Village: Bt100 million per unit. Located on Krungthep Kreetha Road in Bangkok’s Saphan Sung district. The Bt1.39-billion project has 14 units, with each three-storey house having a useable area of 914sqm. The land is valued at Bt150,000 per square wah, and the project was developed by MJP Property.

Issara Residence Rama 9: Bt120 million per unit. Located on Soi Rama IX 13 in Bangkok’s Bang Kapi area. The Bt2.45-billion project has 20 units, with each three-storey unit having a useable area of 700-865sqm. The land is valued at Bt700,000 per square wah and the project was built by Charn Issara Development.

Crystal Solana: Bt75 million per unit. Located on Praditmanutham Road in Bangkok’s Bueng Kum district, the Bt3.08-billion project has 41 units. Each three-storey house has a useable area of 685sqm. The land is priced at Bt300,000 per square wah and the project was developed by KE Land.

The Riverdale Residence: Bt69 million per unit. Located on Thailand Route 345 in Pathum Thani’s Muang district, the Bt3.86-billion project has 56 units. Each two-storey house has a useable area of 476sqm. The land is valued at Bt45,000 per square wah and the project was developed by Riverdale Golf and Country Club.

The Royal Kaset-Nawamin: Bt66 million per unit. Located in Soi Prasertmanukit 27 in Bangkok’s Lat Phrao area, the Bt5.21-billion project has 79 units. Each two-storey house has a useable area of 420sqm. Land has been valued at Bt80,000 per square wah and the project developed by TCC Capital Land.

Baan Issara Bangna: Bt49.9 million per unit. Located on the Eastern Bangkok Outer Ring Road in Samut Prakan’s Bang Phli district, the Bt2.87-billion project has 44 units. Each three-storey house has a useable area of 380-697sqm. The land is valued at Bt550,000 per square wah and the project was developed by C.I.N. ESTATE CO., LTD.

Veva Priva Ekkamai-Ramindra: Bt62 million per unit. Located in Soi Ramkhamhaeng 21, Praditmanutham Road in Bangkok’s Wang Thong Lang district, the Bt434-million project has seven units. Each three-storey house has a useable area of 644sqm. The land has been valued at Bt150,000 per square wah and the project was developed by Narai Property.

Ladawan Ratchapruek-Pinklao: Bt55 million per unit. Located on Ratchapruek Road in Bangkok’s Taling Chan, the Bt12.87-billion project has 234 units. Each two-storey house has a useable area of 416sqm. The land has been valued at Bt100,000 per square wah and the project was developed by Land and Houses.

Baan 365 Rama 3: Bt53 million per unit. Located on the Industrial Ring Road in Bangkok’s Yannawa district, the Bt2.19-billion project has 41 units. Each three-storey house comes with a useable area of 340sqm. The land is priced at Bt250,000 per square wah and the project was built by LPN Development.

Anina Villa: Bt52 million per unit. Located in Soi Yenakart 2, Yenakart Road in Bangkok’s Yannawa district, the Bt1.14-billion project comprises 22 units. Each 4.5-storey house has a useable area of 530sqm. The land is valued at Bt700,000 per square wah and the project was developed by Yenakart Asset.

Ladawan Rama 2: Bt50 million per unit. Located on Rama II Road in Bangkok’s Bang Khunthien district, the Bt6.1-billion project has 122 units. Each three-storey unit has a useable area of 434sqm. The land is valued at Bt100,000 per square wah and the estate was developed by Land and Houses.

Granada Pinklao-Phetkasem: Bt47 million per unit. Located on Kanchanaphisek Road in Bangkok’s Bang Khae district, the Bt1.82-billion project has 39 units. Each two-storey unit has a useable area of 786sqm. The land is valued at Bt120,000 per square wah and the project was developed by SC Asset Corporation.

Grand Bangkok Boulevard Ratchaphruek-Charan: Bt44 million per unit. Located on New Prannok-Phutthamonthon Sai 4 Road in Bangkok’s Taling Chan district, the Bt1.30-billion project has 30 units. Each two-storey house has a useable area of 588sqm. The land has been valued at Bt160,000 per square wah and the project was developed by SC Asset Corporation.

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