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Bangkok Real Estate Analysis Part 6: The Most Mature and Rapidly Developing Area in Central Bangkok - Sukhumvit Central Line
Investors looking to buy property in Bangkok know that the Sukhumvit line, serviced by the Bangkok Skytrain (BTS), runs through the city and is an extremely important and bustling area in downtown Bangkok, making it very suitable for rental investments. In addition to being highly favored by foreign tenants in Bangkok, 90% of the home buyers here are locals! However, the BTS Sukhumvit line is quite long, so today we will introduce the 'Golden Sukhumvit Central Line' that is a must-see for anyone looking to buy property in Bangkok!
The Golden Sukhumvit Central Line stretches from Siam Station to Ekkamai Station, representing the most prime real estate area in all of Bangkok, akin to Taipei's Xinyi District and Zhongxiao East Road, Hong Kong's Central, Shanghai's Xintiandi, and Beijing's Guomao. The convenient transportation and well-developed living amenities attract many expatriates to live here, resulting in a low vacancy rate for luxury apartments near the light rail. Generally, apartments that are closer to the light rail line and nearer to the city center, Central Lumpini, have higher average prices, and there are also many emerging new hotspots along the line.
Dưới đây là bản dịch sang tiếng Việt của đoạn văn bạn cung cấp:
"Khi kể đến những khu vực du lịch, mua sắm và sinh hoạt hot nhất ở Bangkok, các khu vực khác nhau của tuyến trung tâm Sukhumvit đều có chỗ đứng trong danh sách, và mỗi khu vực đều có những đặc điểm riêng biệt. Những nơi mà tuyến BTS Sukhumvit mở rộng tới sẽ giúp kinh tế phát triển, hàng triệu văn phòng, nhiều trung tâm thương mại vừa và lớn cùng với CBD đều phụ thuộc vào 'đường sinh mệnh' của Bangkok này."
The golden line for buying property in Bangkok: BTS Skytrain Station Phloen Chit
Adjacent to Central Lumpini Park, the land here is expensive and rare, with no large undeveloped plots remaining. If any development project is announced, property investors in Bangkok will not miss the opportunity. This area offers convenient transportation and complete living amenities, neighboring the upscale department store Central Embassy and commercial buildings, making it a well-known affluent shopping district with high apartment prices.
The Phrom Phong Station of the BTS Light Rail, the Golden Line for Buying Property in Bangkok
Since the completion of The Em District (Emporium and EmQuartier), which represents the pinnacle of luxury in Bangkok, property prices near Phrom Phong Station along the Phloen Chit line have skyrocketed. The Phrom Phong area has long been a gathering place for Japanese residents, boasting a large number of Japanese restaurants and high-end apartments. Many celebrities and affluent individuals also reside here, including former Thai Prime Minister Abhisit, whose residence is located in the area.
Bangkok's Golden Line for Real Estate: BTS Light Rail Stations Siam and Chit Lom
Coincidentally, the areas around Siam and Chit Lom near Bangkok's most prominent shopping district feature scarce and expensive land. This means that property and rental prices here are higher than anywhere else in Bangkok. The Siam commercial area is the most attractive spot in the city center, akin to "the jewel on the crown," captivating both local Thais and tourists from around the globe, with a situation where demand outstrips supply, leading to unlimited potential for appreciation.
Currently, there is almost no remaining residential land available at Chit Lom station, and it is certain that land prices here continue to rise year by year. At the same time, due to the area's unique characteristics, the apartments for sale at Chit Lom come in both freehold and leasehold types, so it's important to clarify this before purchasing an apartment.
The BTS light rail station Thong Lo, located on the golden line for buying property in Bangkok, has become a sought-after area by developers in recent years.
Particularly, as prime locations in the Prong Phong area are becoming increasingly scarce, Thong Lo, which still has land supply available, is becoming even more desirable. Many celebrities and stars reside here, and the living facilities in the area are very mature, earning it the nickname "Little Tokyo" among locals. This area also boasts the highest increase in property prices in Bangkok, with prices soaring by 66% over the past five years, making it a truly valuable location. Its excellent geographical position and comprehensive high-end amenities establish its status as one of Bangkok’s upscale luxury districts. The area is not only distinctive but also incorporates an urban luxury lifestyle, with luxurious high-end apartments scattered throughout.
The paragraph translates to: "The golden line for buying a house in Bangkok is the BTS Light Rail Stations Nana and Asok."
It is one of the two major red-light districts along Sukhumvit's central line, where living is convenient and entertainment options are abundant, making it very popular among European and American tourists. However, since it is also a settlement for Indians and Arabs, locals in Thailand are not very fond of settling here. Although the apartments in this area are not easy to resell, they have become popular rental properties due to the large number of European and American residents. The situation at Asoke Station, which is close to Nana Station, is quite similar in terms of residential rentals and sales; it serves as a transfer station between the Sukhumvit Line of the BTS Skytrain and the subway line. Since the opening of the popular Terminal 21 shopping mall a few years ago, the traffic and popularity in this area have increased significantly, especially among young people.
The translation of the paragraph is: "Ekkamai, a BTS light rail station on the golden line for buying property in Bangkok."
A few years ago, it seemed relatively quiet compared to the city center, but now it has become a mature residential area, with a number of new condominiums recently launched. It can be seen as a branch of the affluent Japanese district in Bangkok, and due to its quietness amidst the hustle and bustle, it is considered one of the most suitable areas for daily living in Bangkok. In today's Bangkok, where high-rise buildings stand and land is precious, the core plots for property investment along Sukhumvit Road are becoming fewer, and property prices are rising increasingly. As the city continues to expand outward, the Sukhumvit Light Rail is being extended further east, and the influx of people is increasing, enhancing the "central" advantage of the Ekkamai area day by day. Here, shopping centers such as the Gateway Japanese mall, Park Lane, and Big C gather together, and there are many Japanese izakayas and cafes, allowing people to enjoy convenience while experiencing a Japanese ambiance.
In addition to its natural traffic advantages, the growth of the Sukhumvit area is primarily reflected in residential, commercial, and tourism sectors. The influx of substantial investment funds provides a continuous source of construction financing for various large projects, gradually elevating the lifestyle here and continuously improving the quality of housing. It can be said that after years of rapid development, the level of internationalization in Sukhumvit has significantly changed. Each station in this core area, which embraces all the charms of Bangkok, offers unique highlights, and the diverse living environment well confirms the allure of Bangkok.
