Property developers eye Orange, Yellow, Pink Skytrain lines
Property developers are directing their focus to outer Bangkok areas, especially along the Orange, Yellow and Pink Skytrain lines in 2021, a Colliers International Thailand executive said.
Research and communications director Phattarachai Taweewong said there are 678,262 completed condominium units in Bangkok. Of these, 58 per cent or 391,793 are located in outer Bangkok and 42 per cent or 286,469 in inner city areas.
“In 2021 developers will continue to expand their projects in outer Bangkok areas, especially along Skytrain routes that are currently under construction,” he said.
“They are the Orange Line from Ramkhamhaeng to Lamsalee, the Yellow Line from Lat Phrao to Srinakarin roads, and the Pink Line from Raminthra to Chaeng Watthana roads. We expect to see new condo projects announced in these areas in the coming months.”
The company also reported that in inner Bangkok, zones that have the most accumulated supply of finished condominiums are Ratchadapisek-Phaholyothin roads – 96,105 units or 14 per cent – followed by those on Silom-Sathorn roads – 60,368 units or 9 per cent – and those on Sukhumvit Road – 37,476 units or 6 per cent.