The Anticipated Effects Of New Mass Transit Routes In Bangkok

The Nonthaburi Province where Single home in Bangbuathong is located is part of Bangkok Metropolitan Area meaning that will be affected by whatever changes are made in Bangkok. Many families prefer to invest in a single home in the outer areas of Bangkok because of the distance from chaos of the city. Besides that, a single home provides the opportunity for a small garden, parking space and recreational area.

According to the results of a research made by Knight Frank Thailand Research (KFTR), the new mass transit routes will be the main topic of real estate conversations in the coming years particularly since major public transport changes in Bangkok are being planned for the future. There will be an increase in competition among the previously less accessible zones in Bangkok particularly in areas along the BTS Light Green Line Extension, MRT Blue Line Extension, MRT Pink Line, MRT Orange Line and MRT Yellow Line.

Due to accessibility and convenience of transport services, rents and sale prices of homes in the aforementioned areas are expected to increase substantially based on the projects proximity to a mass transport system. It is also expected that new supply of property developments will be launched by big names in property development. They will be the key players in the market because they have the support of solid capital structure, high bargaining power and innovative amenities that focus more on experience and lifestyle.

However, while selling prices in the peripheral are expected to remain stable because of the abundance of land and affordable prices in the area, prices for the future supply in CBD are anticipated to rise because of land scarcity and increasing prices of land. In 2018, more affordable units are predicted to enter the market and will continue to draw the attention of buyers from the mid-range market segment.

As demand in the market continues to rise because of the influx of domestic home buyers and expatriates, now is the perfect time to think about investing in Single home in Bangbuathong because it is the most secure way to store wealth. With ongoing infrastructure developments in Bangkok, prices of properties in the metropolitan area are expected to rise in the future.

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