In 2024, Kaset Nawamin-Ram Intra and Bang Na-Samut Prakan emerged as the most sought-after locations in Bangkok for property demand, ranking among the top three to five areas for single houses, townhouses, condos, and luxury homes.
Sumitra Wongpakdee, managing director of Terra Media and Consulting, noted that Kaset Nawamin-Ram Intra benefits from both the existing Pink Line mass transit system and the upcoming Orange Line.
“Bang Na-Samut Prakan is also extremely desirable due to its proximity to Suvarnabhumi Airport and major employment centers like industrial estates, following significant foreign investment in the electronics sector,” she added.
These factors have fueled demand for single detached houses, townhouses, and luxury homes. Additionally, Lat Krabang, which is nearby, has seen an increase in condo demand from students and staff of King Mongkut’s Institute of Technology Ladkrabang, which is undergoing expansion.
CAMPUS AND INDUSTRY INFLUENCE
According to Terra, Bang Na-Lat Krabang was the leading condo location in the first nine months of 2024, achieving the highest absorption rate per project per month at 19-31 units, driven by its closeness to the university and industrial estates.
The average price per square meter reached 69,000 baht, reflecting a 12% year-on-year increase, the highest in the market.
In second place for condo demand was Ramkhamhaeng-Bang Kapi, with an absorption rate of 15-29 units per project per month, facilitated by an interchange of mass transit lines. The average price per square meter was 105,000 baht, representing a 4.9% year-on-year increase.
Rangsit-Ku Kot placed third, with an absorption rate of 13-29 units and an average price of 67,000 baht, marking a 2% increase, aided by its proximity to universities and the skytrain.
Kaset-Ram Intra was fourth, with an absorption rate of 12-18 units and an average price of 85,000 baht, up 3%, primarily due to its mass transit access.
TOWNHOUSE DEMAND IN OUTER BANGKOK
Townhouse demand was notably strong in the outer districts of Bangkok, with Ram Intra-Min Buri leading, spurred by the Pink and Orange lines.
The absorption rate ranged from 7-12 units per project per month, with an average unit price of 2.89 million baht, reflecting a 7.8% year-on-year increase.
Second in townhouse demand was Bang Khae-Phetkasem, with an absorption rate of 7-10 units and an average unit price of 2.99 million baht, up 2.3%, largely driven by proximity to the MRT.
Bang Na-Bang Bo ranked third, gaining from its closeness to the Bang Phli and Wellgrow industrial estates, recording an absorption rate of 4-9 units per month per project, and an average unit price of 2.49 million baht, up 1%.
Fourth was Phutthamonthon-Sala Ya, with an absorption rate of 2-9 units per month and an average price of 2.5 million baht, reflecting a 10% increase.
Fifth place was held by Rangsit-Pathum Thani—especially the Ratchaphruek-345 area—recording an absorption rate of 5-8 units per month and an average price of 2.39 million baht, down 1%.
WESTERN BANGKOK SHOWS GROWTH
The most popular locations for single detached and twin houses last year were predominantly in western Bangkok, particularly in Bang Yai-Bang Bua Thong and Phetkasem-Bang Bon.
Bang Yai-Bang Bua Thong led with an absorption rate of 3.1-6.7 units per project per month and an average unit price of 4.99 million baht, reflecting a 4% year-on-year increase.
Ranking second was Suk Sawad-Pracha Uthit in southern Bangkok, driven by its accessibility to the Ring Road expressway, with an absorption rate of 3-6 units per project per month and an average price of 6.69 million baht, marking an 8% increase.
Phetkasem-Bang Bon was third, recording an absorption rate of 3-5 units per project per month and an average price of 6.69 million baht, up 6%.
Ram Intra-Min Buri came fourth with an absorption rate of 2.3-4.5 units per project per month and an average price of 5.39 million baht, rising 8%.
Fifth place went to Samut Prakan-Bang Na, with an absorption rate of 3-4 units per project per month and an average price of 5.59 million
