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Bangkok Real Estate Analysis Part 7: Emerging Development Hotspot in Bangkok – 'Sukhumvit Line
In our previous article on buying property in Bangkok, we introduced the central area of the Sukhumvit line, which runs from Siam station to Ekkamai station. However, many property investors in Bangkok prefer to focus on developing areas, specifically along the same Sukhumvit BTS line, from Phra Khanong to Bearing BTS station. Although these areas are not in the busiest parts of Bangkok, the surrounding living amenities have gradually matured. When investing in real estate in these areas, the potential for land value appreciation may be greater than in the central region, and the rental advantages can lead to faster leasing rates. If you're interested in investing in property in Bangkok, let's take a look at the emerging development hotspot along the "Sukhumvit line."
"Buying a House in Bangkok: BTS Sukhumvit Line"
Sukhumvit Road, as the most prosperous commercial avenue in Thailand, carries the highest quality resources of Bangkok. It coincides with the BTS Skytrain Line 1 and is an important transportation artery of Bangkok's only complete BTS light rail network: starting from Siam, it transitions to Sukhumvit Road, extending in the direction of Bearing while enjoying the interconnected main road network in just one stop; from Asok, you can transfer to the subway towards Hua Lamphong Railway Station, or switch to the Airport Rail Link, or directly join the high-speed transport network to reach the entire city; crossing Asok allows for transitions among three types of transport, with the endpoint at Bearing Station, passing through 14 "stations," experiencing the unparalleled convenience of Bangkok's "urban backbone line."
Buying a house in Bangkok: The emerging development golden area in Bangkok, 'Sukhumvit Line.'
The Sukhumvit area, which connects the economic artery of Bangkok, is rightly becoming a valuable investment zone in the city, especially along the rapidly developing Sukhumvit line in recent years. Investors seeking cost-effectiveness have shifted their focus to the extension areas of Sukhumvit, specifically the emerging development gold zone known as the 'Sukhumvit Line,' from Phra Khanong to Bearing. While this area may not be considered the city center, it is certainly part of greater Bangkok, technically belonging to the suburban region.
As many affluent neighborhoods in the Sukhumvit area have reached saturation, opportunities to purchase at low prices have become scarce. Consequently, housing demand has begun to overflow, benefiting the stations nearby along the line the most. An increasing number of foreign business professionals and young entrepreneurs are choosing to move to these nearby areas for renting or purchasing properties, gradually transforming these traditionally local communities into international neighborhoods.
Buying a property in Bangkok along the Sukhumvit line: BTS light rail station Phra Kanong.
The light rail station Phra Kanong is located in the heart of Sukhumvit, where the living environment and commercial circle are gradually modernizing. Compared to other areas, real estate prices here appear to be lower. Around the BTS station, current developments like Summer Hill, Summer Hub, the under-construction Summer Point mall, and W District are enhancing the area's competitiveness. It is important to note that the local amenities in Phra Kanong are actually quite sufficient, but there is a lack of modern commercial centers that attract international crowds. However, more foreigners are slowly starting to recognize the advantages of this area. Its transportation advantages are superior compared to many locations in the outskirts of Sukhumvit, and overall, it remains stronger than most areas outside of Sukhumvit, although it does lag behind places like Thonglor, Ekkamai, and On Nut. Nevertheless, this presents an opportunity; once the issues of underdevelopment and imbalance are addressed, a new surge in property prices in Phra Kanong is imminent.
The paragraph translates to: "Buying a house in Bangkok along Sukhumvit: BTS Skytrain Station On Nut."
The On Nut light rail station is closer to the suburbs compared to the Sukhumvit central line, making the area around the subway station more advantageous in terms of facilities. The entire area is still under development and is one of the most promising investment zones in Bangkok. Compared to the city center, On Nut offers a more relaxed and leisurely pace of life, allowing residents to temporarily escape the fast-paced urban environment. The convenience of living here is highlighted by a 10-minute light rail ride to the bustling Ekkamai/Thonglor area and easy access to the main highways connecting to the city. In addition to a slow-paced and self-sufficient community atmosphere, On Nut also offers more affordable apartment options, with property prices expected to continue rising in the coming years.
Buying a house in Bangkok along Sukhumvit: BTS Skytrain station Udom Suk.
The highlight of the Udom Suk light rail station is that the area has a very large flow of people, and the amenities and public transportation in the residential area are very comprehensive and dense. However, due to the limited large open spaces along the rail transit route, there are relatively few new projects in the area. Most roads in Udom Suk are lined with commercial buildings owned by various proprietors, which has also led to integration issues for large projects, resulting in a supply-demand imbalance. This presents an opportunity for ordinary investors as a suitable rental area.
Buying a house in Bangkok along the Sukhumvit line: BTS Skytrain station Bang Na.
The light rail station Bang Na is at the core of the Bang Na business district, radiating north and south to Bearing station and Udom Suk station. As the economic core of eastern Bangkok, the Bang Na business district boasts Asia's largest digital park, Asia's largest shopping center, the top international schools in Thailand, and Southeast Asia's largest convention and exhibition center. It not only serves as an economic engine driving national development but also stands as an international window showcasing the country's development strength, while providing a living environment and top-notch amenities that meet the needs of the middle class. Although it is located relatively far from downtown Bangkok, the commuting time via subway to Sukhumvit Road is only about 15-20 minutes, making it an attractive area for many commuters to live in and a great option for long-term investment.
Buying a house in Bangkok along the Sukhumvit line: BTS light rail station Bearing.
The Bearing light rail station is the last stop on Bangkok's original Skytrain line. Tenants here can rent spacious and well-equipped apartment communities at the price of regular local housing, making it very popular among ordinary office workers and suitable for those who prefer a quiet environment. The resident population is concentrated here, and there is also a supermarket located in the middle of the alley to meet the needs of nearby consumers.
With the development of the Sukhumvit central area, Bangkok's central business district will gradually shift from the established Silom area towards the Sukhumvit line. Many investors are attracted to this area due to its potential as an emerging market. There is a belief that the property prices along the Sukhumvit line will appreciate rapidly in the future, making it a favored area for both domestic and foreign real estate investors, as well as one of the most active parts of Bangkok's real estate market and a focus for Thai property developers.
