Bangkok Investors Look At Metro System

  • 15 years ago
  • Uncategorized

Property investors who are hoping for high returns in Bangkok should look at property near the expanding mass-transit system. Local real estate advisor Khun Pumipat Sinacharoen, CEO of property firm Bangkok City Smart, noted in a recent interview that property close to Skytrain and subway lines has increased in value faster than others.


With the right location, investment returns can be significantly higher than for other properties in the short term, according to Bangkok City Smart. As an example, properties purchased or reserved in 2007 close to the BTS Skytrain and MRT subway routes that have been completed this year have seen values increase by as much as 20 percent. And that’s in this year of global economic problems.


The closer that the projects are to stations, the better the return is, and that is true for both buyers and renters. Properties that are just 100 meters from a station yield returns of as much as 20 percent upon completion from the pre-construction purchase price. Rental properties that are within 100-200 meters from a station can expect to see returns of 6 – 10 percent per year.


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