Hit Two Birds with One Stone by Investing in a Condominium in Sukhumvit
22 ก.พ. 2019
เทคนิคการซื้อขายเช่า
Sukhumvit Road has long been a household name and has had influence on the lives of people in the capital city in many aspects. Outside of Bangkok, Sukhumvit is the main road that runs through many provinces. In Bangkok, real estate along the entire stretch of Sukhumvit Rd. commands great attention from investors. This is especially true for condominiums in Sukhumvit, which are thought of as investment-worthy condos that everybody looks out for. What is so interesting about Sukhumvit? Let’s learn more about the Sukhumvit zone (in Greater Bangkok).
Sukhumvit Road in Bangkok, according to the Bangkok Metropolitan Administration’s city plan, stretches from the area at Nana Intersection to Bearing Intersection. Throughout this stretch, there is a plethora of public transportation choices to select from. Buses, the BTS Skytrain, the MRT, intersecting points with various parallel roads and the entrances to the expressway system all contribute greatly toward convenience in daily commutes. Changes to the said transportation options also heighten the potential of the overall locality and make it attractive for investment.
Transportation
In terms of transportation in Sukumvit, anybody with some familiarity with this prime road will recall that there is a complete of transportation offerings; these include buses, the electric train and the many roads that intersect with Sukhumvit and provide further links to other areas. Those who are looking for a residence that offers convenience when commuting may find that a condo near an electric train station in Sukhumvit provides the perfect solution. Improvements to transportation continue to made, notably the extensions to the rapid transit system (Orange Line, Pink Line, etc.) that will come into service in the future. These improvements are important factors which are continually driving up real estate prices in the vicinity of the new rapid transit lines as well as the existing lines. In its report on a half-year research for the January 2019-June 2019 period, Plus Property Focus found that the average price of land in Greater Bangkok rose by 5.3% from the previous year; this rise was attributed to the progress made in the construction of rapid transit lines. 4,385 units of new supply (17% share) had entered the market. Accumulated supply of completed units rose by 4%. There were an expected 160,785 units remaining under construction which will be gradually completed up to 2023. Owing to this, accumulated supply of completed units will rise another 24% from the present figure.
Image: T77 project
Outer Sukhumvit-Bang Na
The extension of the rapid transit line from Bearing to Samut Prakan is the primary reason for investing in condominiums in this area. The extended electric train line effectively makes Bang Na a more concrete hub for Greater Bangkok’s eastern side. There is also a light rail project to link Bang Na and Suvarnabhumi Airport in planning, and this fact makes condominiums near the electric train stations within this area attractive for investment and highly worthy of monitoring. It remains to be seen whether the light rail project will take shape, but once it does, the Bang Na location will undoubtedly receive greater attention from travelers, businesspersons and foreigners. Making an investment in the future of one’s child is the secondary reason for investing in this locale. There area is serviced by new community malls and is surrounded by international schools, among which are Bangkok Patana School, Bangkok Prep International School and Berkeley International School.
Image from insideretailthailand.com
Ekkamai, Thong Lo, Phrom Phong
Condominium development continued to take place in this zone over the past 6 years, and roughly 10,000 units were added to the market. Most of the projects were located on the side of the odd-numbered sois on Sukhumvit Rd. Secondhand condos continually changed hands, and the practice of investing in a unit to make it a rental proved to be highly popular. These condos are sought-after by foreign tenants and the zone produces some of the highest returns in Bangkok. Commuting to and from the zone is convenient, and the zone is located near office buildings, leading hotels, hospitals, parks, malls and famous restaurants. The benefits of purchasing a condominium here are obvious; the primary benefit is found in renting out to foreign tenants. The secondary benefit is the option of keeping the condo unit as an asset that can be utilized once the investor’s child reaches working age.
Image: http://www.culturedcreatures.co
Inner Sukhumvit
The Nana and Asok areas possess complete arrays of amenities, are bustling in activities, and fetch high rents. The locale is a nucleus for the various modes of transportation which are able to take the commuter into the har to the city or to its outer rims. From this locale, it is easy to reach many companies and workplaces, as well as Popular universities such as Srinakharinwirot University. Condos within the inner Sukhumvit area is appropriate for people who want to commute conveniently. Investing in a unit for the purpose of letting to high-level workers will allow access to a quality group of tenants who rent for the long term. From another point of view, owning a condo room in this locale is a good option for parents who have college-age children – living in a condo unit here will provide the university student with ease of commute and safety.
From the information above, it is easy to see how Sukhumvit condominiums are investments with the potential to generate profits and are also good for keeping as assets. With such an investment, two birds can be hit with one stone.
Plus Property is a professional real estate agency that provides comprehensive assistance in reselling/letting properties and the purchasing of second-hand condominium units. Our experienced team of professional agents also offers consultation on all residential property matters. For additional information on condominium projects, call 02 688 7555, or click here to find units available for sale and rent.
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