Spotlight on the Golden Location: The Hottest Newcomer at Ha Yaek Lat Phrao-Ratchayothin-Sena

          The condominium market is currently experiencing continuous growth, especially in the upper market segment (3 million baht and above), which is selling well regardless of supply. One of the hottest locations right now is the Ha Yaek Lat Phrao-Ratchayothin-Sena. According to a survey by LPN Research, there are 19 condominium projects in this area, totaling approximately 7,000 units, with an average price of 90,000 baht per square meter. Over 90% of these units have already been sold. In 2017, 12 new projects with 4,600 units were launched, and more than 65% of those have been sold. This area ranks among the top for new project launches, with an additional 2,000 units expected to be introduced this year, keeping the location in high demand. Developers are highly competitive, each leveraging their strengths to create unique selling points for their projects. Conversely, this presents a golden opportunity for consumers. Additionally, the construction of the Green Line extension (Mo Chit-Sapan Mai-Khukhot) is over 40% complete, becoming increasingly tangible. Meanwhile, land prices have risen significantly, especially for plots along Phahonyothin Road in the Ha Yaek Lat Phrao-Ratchayothin area, ranging from 650,000 to 950,000 baht per square wah, and from 500,000 to 750,000 baht per square wah between Ratchayothin and Kasetsart intersections, which will consequently drive up condominium prices, now reaching as high as 140,000-150,000 baht per square meter.

          It cannot be denied that condominium projects located near BTS stations significantly influence purchasing decisions. The Ha Yaek Lat Phrao-Ratchayothin-Sena area is well-equipped with various amenities that cater to diverse lifestyles, featuring important locations such as shopping malls, universities, office buildings, and numerous hangout spots, all contributing to the area's high potential. Notable landmarks include:

          Major shopping centers like Central Ladprao, Union Mall, Avenue Ratchayothin, and Major Ratchayothin, as well as renowned universities such as Kasetsart University, Chandrakasem Rajabhat University, and Sripatum University. There are also many office buildings that serve as major employment sources in the area, including the head office of Siam Commercial Bank (SCB PARK), the Provincial Electricity Authority, the Department of Forestry, the Expressway Authority, and the Bank for Agriculture and Agricultural Cooperatives, among others.

          For the younger generation, key hangout spots in this area are located around Major Ratchayothin and in Phahonyothin Soi 32 or Sena Nikhom 1, including Wine Society, the Pha Plearn Chat Café, Meeting Point, Café To All, Jim Burger, Treat Café, and many others.

          In the future, the Ha Yaek Lat Phrao-Ratchayothin-Sena area is expected to become a prime residential location, offering convenience in transportation, utilities, and public services. Additionally, there are several plots of land awaiting development, such as the 48-rai Bangkok Dome plot, which is a joint venture by major developers expected to be developed into a large mixed-use project, and the former Dream World amusement park plot, which is still awaiting a developer. If these two plots are fully developed, they will further enhance the potential of this area in the future.

Thank you for the information from www.lpn.co.th