While the luxury real-estate market in Bangkok has fallen for the second quarter of this year due to the global market turmoil, the recent extension of the Thai capital’s skytrain lines is opening new investment options for expats.
The market jitters and fears of a looming ‘double dip’ have fueled a trend to ditch the high-end condominium projects for low- to midrange suburban properties.
Overnight, the district of Thon Buri has become widely popular because it’s less polluted and overcrowded than the downtown area, while Bang Na remains the favourite due to the high number of international schools located there.
The extension of the skyline should ease congestion for the suburban population, which has increased by more than 30 per cent over the past ten years.
Source: Property Report